UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
         WASHINGTON, DC 20549
            SCHEDULE 13G

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. 2

      INTERNATIONAL ISOTOPES INC.
           (Name of Issuer)


            COMMON STOCK
   (Title of Class of Securities)

            45972C102
          (CUSIP Number)

  DKR Management Company Inc.
  1281 East Main Street
  Stamford, Connecticut 06902
  (203) 324-8400

(Name, Address and Telephone Number of
PersonAuthorized to Receive Notices and
Communications)


December 31, 2002
(Date of Event Which Requires Filing of
this Statement)



Check the following 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 information required in the remainder
of this cover page shall 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 .


CUSIP No. 45972C102

1. Name of Reporting Person I.R.S.
Identification Nos. of Above Persons
(entities only)

DKR Management Company Inc.
(Pursuant to an Assignment and Assumption
Agreement, DKR Capital Partners L.P., an
affiliate of DKRMCI, will perform and satisfy
all obligations of DKRMCI, including those
under the Advisory Service Agreement.  As
such, DKR Capital Partners L.P.)

2. Check the Appropriate Box If A Member
Of A Group (See Instructions)

(a)
(b)

3. SEC Use Only

3. Citizen Or Place Of Organization:
Delaware

Number of Shares Beneficially Owned by Each
Reporting Person With:

5. Sole Voting Power
0

6. Shared Voting Power

2,864,440 shares of common stock

7. Sole Dispositive Power
0

8. Shared Dispositive Power

2,864,440 shares of common stock

DKR Management Company Inc. (DKRMCI) a registered
investment adviser, has entered into an Advisory
Services Agreement with Basso Securities to act as
the portfolio manager to certain funds managed by
DKRMCI. Pursuant to an Assignment and Assumption
Agreement, DKR Capital Partners L.P., an affiliate
of DKRMCI, will perform and satisfy all obligations
of DKRMCI, including those under the Advisory
Service Agreement.  As such, DKR Capital Partners
L.P. and Basso Securities have shared dispositive
and voting power over the securities.


9. Aggregate Amount Beneficially Owned by Each
Reporting Person

10. Check if the Aggregate Amount in Row (9)
Excludes Certain Shares
(See Instruction)

11. Percent of Class Represented by Amount in Row 9
3 %

12. Type of Reporting Person (See Instructions)
IA

Item 1:	Security and Issuer

1(a) 	Name of Issuer
International Isotopes Inc.

1(b)	Address of Issuer's Principal Executive
Offices
1500 Spencer Road
Denton, TX 76205
United States

Item 2:	Identity and Background

2(a)	Name of person Filing:

DKR Management Company Inc.

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

The address of the reporting person is:
1281 East Main Street
Stamford, CT 06902

2(c)	Citizenship/ Corporation organized
Delaware, USA

2(d)	Title of Class of Security
Common Stock

2(e)	Cusip Number
45972C102

Item 3: If this statement is filed pursuant
to Rule 13d-1(b) or 13d-2(b) or 13d-2(c)
promulgated under the Securities Exchange Act
of 1934, check whether the filing is a:

a. Broker or Dealer registered under Section 15
of the Act,
b. Bank as defined in Section 3(a)(6) of the Act,
b. Insurance Company as defined in Section 3(a)(19)
of the Act,
c. Investment Company registered under Section 8 of
the Investment Company Act,
d. Investment Adviser in accordance with
Rule 13d-1(b)(1)(ii)(E),
e. Employee Benefit Plan, or Endowment Fund in
accordance with Rule 13d-1(b)(ii)(F),
f. Parent Holding Company or Control Person,
in accordance with Rule 13d-1(b)(ii)(G);
(Note: see Item 7)
g. A saving association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12
U.S.C. 1813)
h. A church plan that is excluded form the definition
of an investment company under section
3(c)(14) of the Investment Company Act of 1940;
j. Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4:	Ownership

4(a)	Amount Beneficially Owned

2,864,440 shares of common stock were beneficially
owned by DKR Capital Partners L.P. (DKR LP).
DKR LP disclaims beneficial ownership of the
holdings reported herein.


4(b)	Percent of Class

3 %

(The percentage was calculated by dividing 2,864,440
shares of common stock by 95,581,000
(shares outstanding based on the latest information
provided by Bloomberg )).

4(c) 	Number of shares as to which the person has

(i) Sole Power to vote or to direct the vote
0

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

2,864,440 shares of common stock

(iii) Sole power to dispose or to direct
the disposition of
0

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

2,864,440 shares of common stock


Instruction:
For computation regarding securities which represent
a right to acquire an underlying security see
Rule 13d-3(d)(1).

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.

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.

If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate
under Item 3(g) and attach an exhibit stating the
Identity and the Item 3 classification of the
relevant subsidiary. If a parent holding company has
filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identity of each member
of the group.

Not Applicable


Item 8:	Identification and Classification of
Members of the Group.

If a group his filed this schedule pursuant to
Rule 13d-1(b)(ii)(H), so indicate under item 3(h)
and attach an exhibit stating the identity and
Item 3 classification of each member of the group
If a group has filed this schedule pursuant to
Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.

Not Applicable

Item 9:	Notice of Dissolution of Group

Notice of dissolution of a group may be furnished
as an exhibit stating the date of the dissolution
and that all further filings with respect to
transactions in the security reported on will be
filed, if required, by members of he group, in
their individual capacity.  See item 5.

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 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.

Date:	February 13, 2003


/s/ Barbara Burger

____________________________
Signature

Barbara Burger
Senior Vice President and General Counsel