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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE 13G
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*

                                    UCN, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

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

                                    902636109
          ------------------------------------------------------------
                                 (CUSIP Number)

                                DECEMBER 31, 2004
--------------------------------------------------------------------------------
             (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).



PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS
FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB
CONTROL NUMBER.

SEC 1745 (12-02)




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CUSIP No. 902636109                                          Page 2 of 6 Pages
-------------------                                        ---------------------


--------------------------------------------------------------------------------
1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                            033 ASSET MANAGEMENT, LLC
--------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF A GROUP*                        (a)
                                                                      (b)  [X]

--------------------------------------------------------------------------------
3.       SEC USE ONLY


--------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                                  DELAWARE, USA
--------------------------------------------------------------------------------
                  5.     SOLE VOTING POWER                          1,212,500
                    
 NUMBER OF        ------------------------------------------------------------
   SHARES         6.     SHARED VOTING POWER                                0
BENEFICIALLY        
  OWNED BY        ------------------------------------------------------------
    EACH          7.     SOLE DISPOSITIVE POWER                     1,212,500
 REPORTING          
PERSON WITH:      ------------------------------------------------------------
                  8.     SHARED DISPOSTIVE POWER                            0

--------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                                                       1,212,500
--------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 
         (SEE INSTRUCTIONS)

--------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                                                                            9.0%
--------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

                                                                              IA
--------------------------------------------------------------------------------




-------------------                                        ---------------------
CUSIP No. 902636109                                          Page 3 of 6 Pages
-------------------                                        ---------------------


--------------------------------------------------------------------------------
ITEM 1.
--------------------------------------------------------------------------------
        (a) Name of Issuer:                      UCN, INC.

--------------------------------------------------------------------------------
        (b) Address of Issuer's                  14870 PONY EXPRESS ROAD
            Principal Executive Offices:         BLUFFDALE, UTAH 84065
--------------------------------------------------------------------------------
ITEM 2.
--------------------------------------------------------------------------------
        (a)  Name of Person Filing:              033 ASSET MANAGEMENT, LLC

--------------------------------------------------------------------------------
        (b)  Address of Principal Business       125 HIGH STREET, SUITE 1405
             Office or, if none, Residence:      BOSTON, MASSACHUSETTS 02110
--------------------------------------------------------------------------------
        (c) Citizenship:                         DELAWARE, USA

--------------------------------------------------------------------------------
        (d)  Title of Class of Securities:       COMMON STOCK, PAR VALUE $0.0001

--------------------------------------------------------------------------------
        (e) CUSIP Number:

--------------------------------------------------------------------------------


ITEM 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 
        240.13d-2(b) or (c), check whether the persoN filing is a:

        (a) [ ]   Broker or dealer registered under section 15 of the Act (15
                  U.S.C. 78o).

        (b) [ ]   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

        (c) [ ]   Insurance company as defined in section 3(a)(19) of the Act
                  (15 U.S.C. 78c).

        (d) [ ]   Investment company registered under section 8 of the
                  Investment Company Act of 1940 (15 U.S.C 80a-8).

        (e) [X]   An investment adviser in accordance with
                  ss.240.13d-1(b)(1)(ii)(E);

        (f) [ ]   An employee benefit plan or endowment fund in accordance with
                  ss.240.13d-1(b)(1)(ii)(F);

        (g) [ ]   A parent holding company or control person in accordance with
                  ss. 240.13d-1(b)(1)(ii)(G);

        (h) [ ]   A savings associations as defined in Section 3(b) of the
                  Federal Deposit Insurance Act (12 U.S.C. 1813);

        (i) [ ]   A church plan that is excluded from the definition of an
                  investment company under section 3(c)(14) of the Investment
                  Company Act of 1940 (15 U.S.C. 80a-3);

        (j) [ ]   Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).






-------------------                                        ---------------------
CUSIP No. 902636109                                          Page 4 of 6 Pages
-------------------                                        ---------------------

--------------------------------------------------------------------------------
ITEM 4. OWNERSHIP.
--------------------------------------------------------------------------------

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
--------------------------------------------------------------------------------
 (a) Amount beneficially owned:                                       1,212,500
--------------------------------------------------------------------------------
 (b) Percent of class:                                                      9.0%
--------------------------------------------------------------------------------
 (c) Number of shares as to which the person has:
--------------------------------------------------------------------------------
 (d) (i) Sole power to vote or to direct the vote:                    1,212,500
--------------------------------------------------------------------------------
 (e) (ii)  Shared power to vote or to direct the vote:                        0
--------------------------------------------------------------------------------
 (f) (iii) Sole power to dispose or to direct the disposition of:     1,212,500
--------------------------------------------------------------------------------
 (g) (iv)  Shared power to dispose or to direct the disposition of:           0
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
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 [ ].

Instruction: Dissolution of a group requires a response to this item.


--------------------------------------------------------------------------------
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
--------------------------------------------------------------------------------

          If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

          THE REPORTING PERSON IS THE INVESTMENT MANAGER OF (I) 033 GROWTH
PARTNERS I, L.P., (II) 033 GROWTH PARTNERS II, L.P., (III) OYSTER POND PARTNERS,
L.P. AND (IV) 033 GROWTH INTERNATIONAL FUND, LTD. (TOGETHER, THE "FUNDS"). THE
FUNDS, IN THE AGGREGATE OWN, BUT NO FUND INDIVIDUALLY OWNS, MORE THAN 5% OF THE
CLASS; HOWEVER, EACH FUND HAS THE RIGHT TO RECEIVE DIVIDENDS FROM, OR THE
PROCEEDS FROM THE SALE OF, SUCH SECURITIES.

          THE REPORTING PERSON MAY BE DEEMED, FOR PURPOSES OF RULE 13D-3 UNDER
THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, TO BE THE BENEFICIAL OWNER OF
AN AGGREGATE OF 2,652,500 SHARES, REPRESENTING APPROXIMATELY 9.0% OF THE
OUTSTANDING SHARES OWNED BY THE FUNDS (AS CALCULATED BASED UPON 14,226,818
SHARES OUTSTANDING BASED ON DISCLOSURES MADE IN THE ISSUER'S LATEST QUARTERLY
REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2004 FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 12, 2004). THE REPORTING PERSON
DISCLAIMS ANY ECONOMIC INTEREST OR BENEFICIAL OWNERSHIP OF THE SHARES COVERED BY
THIS STATEMENT.

--------------------------------------------------------------------------------






-------------------                                        ---------------------
CUSIP No. 902636109                                          Page 5 of 6 Pages
-------------------                                        ---------------------


--------------------------------------------------------------------------------
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) or Rule
13d-1(d), attach an exhibit stating the identification of the relevant
subsidiary.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
--------------------------------------------------------------------------------

          If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)
(J), so indicate under Item 3(j) 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 ss.240.13d-1(c) or ss.240.13d-1(d), attach an
exhibit stating the identity of each member of the group.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
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 the group, in their individual capacity. See Item 5.
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
ITEM 10. CERTIFICATION
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
         The following certification shall be included if the statement is filed
         pursuant to ss.240.13d-1(b):

                 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
(a)              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. [X]
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
(b)      The following certification shall be included if the statement is filed
         pursuant to ss.240.13d-1(c):

                 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
(b)              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. [ ]
--------------------------------------------------------------------------------






-------------------                                        ---------------------
CUSIP No. 902636109                                          Page 6 of 6 Pages
-------------------                                        ---------------------



                                    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.


                                                   February 3, 2005
                                 -----------------------------------------------
                                 Date

                                                /s/ Lawrence C. Longo
                                 -----------------------------------------------
                                 Signature
                                 
                                    Lawrence C. Longo, Chief Operating Officer
                                 -----------------------------------------------
                                 Name/Title
                                 

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)