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

SCHEDULE 13G

Under the Securities and Exchange Act of 1934
(Amendment No. 3)*


BALDWIN TECHNOLOGIES
- --------------------------------------------------------------------------------
(Name of Issuer)


COMMON
- --------------------------------------------------------------------------------
(Title of Class of Securities)


058264 10 2
- --------------------------------------------------------------------------------
(CUSIP Number)

Check the following  box if a fee is being paid with this  statement | |. (A fee
is not required only if the filing person:  (1) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7).

* 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).


SEC 1745 (20-88)




CUSIP No. 058264 10 2                 13G                    Page  2 of  5 Pages


________________________________________________________________________________
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     SHUFRO, ROSE & CO., LLC       13-5390713

________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]

________________________________________________________________________________
3.   SEC USE ONLY



________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     A LLC ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK

________________________________________________________________________________
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           81,300
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY          NONE
               _________________________________________________________________
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         628,500
               _________________________________________________________________
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH            NONE
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     628,500

________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                          [_]

________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     4.87

________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*

     BD & IA

________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!





                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                        SCHEDULE 13G UNDER THE SECURITIES
                              EXCHANGE ACT OF 1934
                                (Amendment No. 3)


Check the following box if a fee is being paid with this statement:        [ ]

Item 1(a).     Name of Issuer:

               Baldwin Technologies

Item 1(b).     Address of issuer's principal executive offices:

               12 Commerce Drive
		Shelton, CT  06484

Item 2(a).     Name of person filing: SHUFRO, ROSE & CO., LLC

Item 2(b).     Address of principal business office:

               745 Fifth Avenue, New York, NY  10151

Item 2(c).     Citizenship: Limited Liability Corporation formed under the
               laws of the State of New York.

Item 2(d).     Title of class of securities:

               Common

Item 2(e).     CUSIP NO.: 058264 10 2

Item 3.        If this  statement  if  filed  pursuant  to  Rules  13d-1(b),  of
          13d2(b), check whether the person filing is a:

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

(e)            [X]  Investment  adviser  registered  under  section  203  of the
          Investment Advisers Act of 1940.

(b, (c),(d),(f),(g): Not applicable








Item 4.        Ownership.  If the percent of the class owned,  as of December 31
               of the year  covered by the  statement,  or as of the last day of
               any month described in Rule 13d-1(b)(2), if applicable, exceeds 5
               percent,  provide the following  information  as of that date and
               identify those shares which there is a right to acquire.

          (a)  Amount beneficially owned:

               628,500

          (b)  Percent of class:

               4.87

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


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

               81,300

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

               None

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

               628,500

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

               None

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

                                 Not applicable.


Item 6.        Ownership of More Than 5 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.

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


                                   Disclaimer

     The  undersigned  expressly  declares that the filing of this  Amendment to
Schedule 13G shall not be construed as an admission that such person is, for the
purpose of Section 13(d) or 13(g) of the  Securities Act of 1934, the beneficial
owner of any securities covered by this statement.

     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.



                                               SHUFRO, ROSE & CO., LLC

Date: February 15, 2000                        /s/ Steven J. Glass
                                               --------------------------
                                                     Signature

                                           By:     Steven J. Glass
                                               --------------------------
                                                (Managing Director)