SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* FREMONT PARTNERS LP (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 02/23/2004	3. Issuer Name and Ticker or Trading Symbol KINETIC CONCEPTS INC /TX/ [ KCI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 02/23/2004
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	08/11/2010	Common Stock	2,941(2)	$17	D(3)(4)
Stock Option (right to buy)	(1)	08/11/2010	Common Stock	2,941(2)	$17	D(5)(4)

1. Name and Address of Reporting Person* FREMONT PARTNERS LP (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FREMONT ACQUISITION CO 11 LLC (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FP ADVISORS III LLC (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FP ADVISORS LLC (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FREMONT GROUP LLC (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FREMONT INVESTORS INC (Last) (First) (Middle) FREMONT PARTNERS, LP 199 FREMONT STREET, SUITE 2300 (Street) SAN FRANCISCO CA 94105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The option vests in one-twelfth installments every three months over a period of three years beginning on November 11, 2003.

2. The 5,882 aggregate shares underlying the two stock options shown represent the total number of shares of common stock underlying stock options beneficially owned by the reporting persons. 2,941 of these shares were omitted from the reporting persons' original Form 3.

3. These securities are owned directly by Fremont Partners, L.L.C.

4. The securities may also be deemed to be owned indirectly by (i) Fremont Group, L.L.C. ("Fremont Group"), the managing member of the entities described in footnotes (3) and (5) and (ii) Fremont Investors, Inc. ("Fremont Investors"), the manager of Fremont Group. Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.

5. These securities are owned directly by Fremont Partners III, L.L.C.

	FREMONT PARTNERS, L.P. By: FP Advisors, L.L.C., GP By: Fremont Group, L.L.C., Managing Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	FREMONT INVESTORS, INC. By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	FP ADVISORS, L.L.C. By: Fremont Group, L.L.C., Managing Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	FP ADVISORS III, L.L.C. By: Fremont Group, L.L.C., Sponsoring Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	FREMONT GROUP, L.L.C. By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	FREMONT ACQUISITION COMPANY II, L.L.C. By: Fremont Partners, L.P., Member By: FP Advisors, L.L.C., G P By: Fremont Group, L.L.C., Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact	03/10/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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