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

                                 SCHEDULE 13G
                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*

                           PROGRAMMER'S PARADISE INC.
      -------------------------------------------------------------------
                               (Name of Issuer)

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

                                   74320510
      -------------------------------------------------------------------
                                (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 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. 74320510              SCHEDULE 13G               Page 2 of 5 Pages


1.   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person
     WEISS, PECK & GREER, L.L.C.


2.   Check the Appropriate Box if a Member of a Group*        (a) / /
                                                              (b) /x/

3.   SEC Use Only

4.   Citizenship or Place of Organization
     DELAWARE


                         5.   Sole Voting Power
                              -0-

Number of Shares
                         6.   Shared Voting Power
 Beneficially                 330,000

 Owned by Each
                         7.   Sole Dispositive Power
Reporting Person              -0-

     With
                         8.   Shared Dispositive Power
                              330,000


9.   Aggregate Amount Beneficially Owned by Each Reporting Person
     330,000


10.  Check Box if the Aggregate Amount in Row (9)
         Excludes Certain Shares*                                 /x/

     
     
11.  Percent of Class Represented by Amount in Row 9
     6.90


12.  Type of Reporting Person*
     BD,IA,PN

                    * SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 74320510              SCHEDULE 13G               Page 3 of 5 Pages


Item 1(a).        Name of Issuer:  Programmer's Paradise, Inc.

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

                  1163 Shrewsbury Avenue
                  Shrewsbury, NJ 07702

Item 2(a).        Name of Person Filing:  Weiss, Peck & Greer, L.L.C. ("WPG")

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

                  One New York Plaza
                  New York, NY 10004

Item 2(c).        Citizenship:  WPG is a limited liability company, 
                  organized under the laws of the State of Delaware

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

Item 2(e).        CUSIP Number:  74320510

Item 3.           If this  statement is Filed  Pursuant to Rules  13d-1(b) or
                  13d-2(b),  Check  Whether the Person Filing is a:

                  (a)      ( X )      Broker or Dealer  registered under Section
                                      15 of the Securities  Exchange Act of 1934
                                      (the "Act")
                  (b)      (   )      Bank as defined in Section 3(a) (6) of the
                                      Act
                  (c)      (   )      Insurance Company as defined in Section
                                      3(a) (19) of the Act
                  (d)      (   )      Investment  Company  registered under
                                      Section 8 of the Investment Company Act of
                                      1940
                  (e)      ( X )      Investment  Adviser  registered under
                                      Section 203 of the Investment  Advisers
                                      Act of 1940
                  (f)      (   )      Employee  Benefit  Plan,  Pension Fund
                                      which is subject to the  provisions of the
                                      Employee  Retirement  Income  Security Act
                                      of 1974 or Endowment Fund; see Sec.
                                      240.13d-1(b) (1) (ii) (F)
                  (g)      (   )      Parent  Holding  Company,  in  accordance 
                                      with  Sec.  240.13d-1(b)  (ii) (G) (Note: 
                                      See Item 7)
                  (h)      (   )      Group, in accordance with paragraph
                                      240.13d-1(b) (1) (ii) (H)

CUSIP No. 74320510              SCHEDULE 13G               Page 4 of 5 Pages


Item 4.           Ownership:

                  (a)      Amount Beneficially Owned: 330,000 as of 
                           December 31, 1996.

                  (b)      Percent of Class:  6.90% (based on the 4,800,000  
                           shares of common stock  reported to be outstanding 
                           in the Form 10-Q filed for the period ending 
                           September 30, 1996).

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

                           (i)      sole power to vote:     -0-

                           (ii)     shared power to vote or to direct the vote:
                                      330,000

                           (iii)    sole power to dispose or to direct the
                                      disposition of:     -0-

                           (iv)     shared power to dispose or to direct the
                                      disposition of: 330,000

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:

This Statement on Schedule 13G ("Schedule 13G") is filed by WPG, a Delaware
limited liability company which is registered as a broker-dealer under Section
15 of the Act, and as an investment adviser under Section 203 of the Investment
Advisers Act of 1940, as amended.

This Schedule 13G is being filed with respect to 330,000 shares of common stock
of Programmer's Paradise, Inc. (the "Common Stock") held by WPG at December 31,
1996 for the discretionary accounts of certain clients. By reason of Rule 13d-3
under the Act, WPG may be deemed to be a "beneficial owner" of such Common
Stock. WPG expressly disclaims beneficial ownership of the Common Stock. Each
client has the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, such Common Stock purchased for his
account. To the knowledge of WPG, no person has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
such Common Stock which represents more than 5% of the outstanding shares of the
Common Stock referred to in Item 4(b) hereof.

This Schedule 13G is not being filed with respect to the shares of Common Stock
which may be owned by principals of WPG, or by their respective spouses, or as
custodian or trustee for their respective family members or by their respective
family foundations, 


CUSIP No. 74320510              SCHEDULE 13G               Page 5 of 5 Pages

since WPG does not possess or share voting or investment power with respect
to such Common Stock. Each of such principals disclaims, pursuant to Rule
13d-4, that he or she is the beneficial owner, within the meaning of Rule
13d-3, of the shares of Common Stock owned by the various parties referred
to in this Schedule 13G, other than such shares as the respective principal
owns of record.

 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 the Group:

                  Not applicable.

 Item 10.         Certification:

By signing below, Richard S. Pollack, General Counsel of WPG, certifies that, to
the best of his knowledge and belief, securities referred to above as being held
or owned beneficially by WPG were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
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.

                                    SIGNATURE

After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

Dated:     January 31, 1997

WEISS, PECK & GREER, L.L.C.

By:
     ---------------------------------
     Richard S. Pollack
     General Counsel

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