CUSIP No. 552074106               SCHEDULE 13G                 Page 1 of 5




                           UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION1
                      WASHINGTON, D.C.  20549

                            SCHEDULE 13G
                           (Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-
1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d- 2(b)

                         (Amendment No. 3)

                         William Lyon Homes
			 ------------------
                          (Name of Issuer)

                    Common Stock, par value $.01
                    ----------------------------
                   (Title of Class of Securities)

                             552074106
                             ---------
                           (CUSIP Number)

                         December 20, 2002
                         -----------------
      (Date of Event which Requires Filing of this Statement)


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

          [X] Rule 13d-1(b)

          [ ] Rule 13d-1(c)

	  [ ] 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 ("Act") 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).


CUSIP No. 552074106               SCHEDULE 13G                 Page 2 of 5


 1   Name of Reporting Person             BRICOLEUR CAPITAL MANAGEMENT LLC

     IRS Identification No. of Above Person                       13-40036

 2   Check the Appropriate Box if a member of a Group              (a) [ ]

                                                                   (b) [ ]
 3   SEC USE ONLY

 4   Citizenship or Place of Organization          Delaware, United States

   NUMBER OF       5    Sole Voting Power                                0
    SHARES
 BENEFICIALLY	   6    Shared Voting Power                      1,734,540
 OWNED BY EACH
   REPORTING	   7    Sole Dispositive Power                           0
  PERSON WITH
                   8    Shared Dispositive Power                 1,734,540

 9    Aggregate Amount Beneficially Owned by Each                1,734,540
      Reporting Person

 10   Check Box if the Aggregate Amount in Row (9) Excludes            [ ]
      Certain Shares

 11   Percent of Class Represented by Amount in Row 9                17.8%

 12   Type of Reporting Person                                          IA




CUSIP No. 552074106               SCHEDULE 13G                 Page 3 of 5

Item 1(a).  Name of Issuer:

          	William Lyon Homes

Item 1(b).  Address of Issuer's Principal Executive Offices:

          	4490 Von Karman Avenue
          	Newport Beach, CA  92660

Item 2(a).  Name of Person Filing:

          	Bricoleur Capital Management LLC ("Bricoleur")

Item 2(b).  Address of Principal Business Office or, if none, Residence:

          	12230 El Camino Real, Suite 100
          	San Diego, CA  92130

Item 2(c).  Citizenship:

          	United States

Item 2(d).  Title of Class of Securities:

          	Common Stock, par value $.01

Item 2(e).  CUSIP Number:

          	552074106

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
        13d-2(b) or (c), check whether the person filing is a:

        (a) [ ]  Broker or dealer registered under section 15 of
        the Exchange Act.

        (b) [ ]  Bank as defined in section 3(a)(6) of the Exchange Act.

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

        (d) [ ] Investment company registered under section 8 of the
        Investment Company Act.

        (e) [X]  An investment adviser in accordance with Rule
        13d-1(b)(1)(ii)(E);

        (f) [ ]  An employee benefit plan or endowment fund in accordance
        with Rule 13d-1(b)(1)(ii)(F);




CUSIP No. 552074106               SCHEDULE 13G                 Page 4 of 5

	(g) [ ]  A parent holding company or control person in accordance
        with Rule 13d-1(b)(1)(ii)(G);

        (h) [ ]  A savings association as defined in Section 3(b) of the
        Federal Deposit Insurance Act;

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

        (j) [ ]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4. Ownership.

          Reference is hereby made to Items 5-9 and 11 of page two (2) of
this Schedule 13G, which Items are incorporated by reference herein.

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

          Not Applicable.

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

          Bricoleur is filing this Schedule 13G because, as investment
manager for certain accounts in which the securities reflected in Items
5-9 and 11 of page two of this Schedule 13G(the "Securities") are held,
Bricoleur has been granted the authority to dispose of and vote those
Securities.  Each entity that owns an account has the right to receive or
the power to direct the receipt of, dividends from, or the proceeds from
the sale of, the Securities held in the account.

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.



CUSIP No. 552074106               SCHEDULE 13G                 Page 5 of 5

Item 10.    Certification.

               By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired and
are held in the ordinary course of business and 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.


                           BRICOLEUR CAPITAL MANAGEMENT LLC



                           By
                              ----------------------------------
                              Robert Poole, Management Committee
Member


DATED:  January 8, 2003