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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 7)*

Wilsons The Leather Experts Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

972463 10 3

(Cusip Number)

December 31, 2004

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1 (b)

o Rule 13d-1 (c)

þ Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

13G

CUSIP No. 972463 10 3 Page 2 of 5

1. Name of Reporting Person:
Joel N. Waller I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group:

(a) o

(b) o

3. SEC Use Only:

4. Citizenship or Place of Organization:
United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5. Sole Voting Power:
1,505,204.3

6. Shared Voting Power:
151,500.0

7. Sole Dispositive Power:
1,505,204.3

8. Shared Dispositive Power:
151,500.0

9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,656,704.3

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

11. Percent of Class Represented by Amount in Row (9):
4.2%

12. Type of Reporting Person:
IN

Page 2 of 5

Item 1.

(a)   Name of Issuer

    Wilsons The Leather Experts Inc.

(b)   Address of Issuer’s Principal Executive Offices

    7401 Boone Avenue North
Brooklyn Park, Minnesota 55428

Item 2.

(a)   Name of Person Filing

    Joel N. Waller

(b)   Address of Principal Business Office or, if none, Residence

    1201 Yale Place #1306
Minneapolis, Minnesota 55403

(c)   Citizenship

    United States

(d)   Title of Class of Securities

    Common Stock, $.01 par value

(e)   CUSIP Number

    972463  10  3

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)   o Broker or dealer registered under section 15 of the Act.

(b)   o Bank as defined in section 3(a)(6) of the Act.

(c)   o Insurance company as defined in section 3(a)(19) of the Act.

(d)   o Investment company registered under section 8 of the Investment Company Act of 1940.

(e)   o An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

(f)   o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

(g)   o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

(h)   o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

(i)
o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

(j)   o Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

    Not applicable.

Page 3 of 5

Item 4. Ownership

(a)   Amount Beneficially Owned

    1,656,704.3 (which includes 511,500 shares underlying stock options which are currently fully exercisable)

(b)   Percent of Class

    4.2%

(c)   Number of shares as to which such person has:

(i)   Sole power to vote or to direct the vote

    1,505,204.3

(ii)   Shared power to vote or to direct the vote

    151,500.0

(iii)   Sole power to dispose or to direct the disposition of

    1,505,204.3

(iv)   Shared power to dispose or to direct the disposition of

    151,500.0

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).

Page 4 of 5

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x .

Instruction. Dissolution of a group requires a response to this item.

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification

The following certification shall be included if the statement is filed pursuant to § 240.13d-1(c):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


		February 1, 2005

		Date

		/s/ Joel N. Waller

		Signature

		Joel N. Waller

		Name/Title

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

Page 5 of 5


13G
CUSIP No. 972463 10 3					Page 2 of 5

	1.	Name of Reporting Person: Joel N. Waller			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group:
		(a)	o
		(b)	o

	3.	SEC Use Only:

	4.	Citizenship or Place of Organization: United States

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power: 1,505,204.3

			6.	Shared Voting Power: 151,500.0

			7.	Sole Dispositive Power: 1,505,204.3

			8.	Shared Dispositive Power: 151,500.0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person: 1,656,704.3

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o

	11.	Percent of Class Represented by Amount in Row (9): 4.2%

	12.	Type of Reporting Person: IN

	(a)	Name of Issuer

		Wilsons The Leather Experts Inc.

	(b)	Address of Issuer’s Principal Executive Offices

		7401 Boone Avenue North Brooklyn Park, Minnesota 55428

	(a)	Name of Person Filing

		Joel N. Waller

	(b)	Address of Principal Business Office or, if none, Residence

		1201 Yale Place #1306 Minneapolis, Minnesota 55403

	(c)	Citizenship

		United States

	(d)	Title of Class of Securities

		Common Stock, $.01 par value

	(e)	CUSIP Number

		972463 10 3

	(a)	o Broker or dealer registered under section 15 of the Act.

	(b)	o Bank as defined in section 3(a)(6) of the Act.

	(c)	o Insurance company as defined in section 3(a)(19) of the Act.

	(d)	o Investment company registered under section 8 of the Investment Company Act of 1940.

	(e)	o An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

	(f)	o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

	(g)	o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

	(h)	o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

	(i)	o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

	(j)	o Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

		Not applicable.

	(a)	Amount Beneficially Owned

		1,656,704.3 (which includes 511,500 shares underlying stock options which are currently fully exercisable)

	(b)	Percent of Class

		4.2%

	(c)	Number of shares as to which such person has:

	(i)	Sole power to vote or to direct the vote

		1,505,204.3

	(ii)	Shared power to vote or to direct the vote

		151,500.0

	(iii)	Sole power to dispose or to direct the disposition of

		1,505,204.3

	(iv)	Shared power to dispose or to direct the disposition of

		151,500.0


Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.