SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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

                                  SCHEDULE 13G
                                 (Rule 13d-102)

            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. )*


                       Alliance Data Systems Corporation
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                                (Name of Issuer)


                          Common Stock, $.01 par value
-------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  018581-10-8
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                                 (CUSIP Number)


                                  June 7, 2001
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            (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
     [ ] Rule 13d-1(b)
     [ ] Rule 13d-1(c)
     [X] 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 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. 018581 10 8                   13G                    Page 1 of 5 Pages


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

         The Limited, Inc., 31-1029810
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   2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            (a) [ ]
                                                                      (b) [ ]

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   3.    SEC USE ONLY

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   4.    CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
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                         5.     SOLE VOTING POWER               14,663,376

      NUMBER OF          ------------------------------------------------------
        SHARES           6.     SHARED VOTING POWER                      0
     BENEFICIALLY
       OWNED BY          ------------------------------------------------------
         EACH            7.     SOLE DISPOSITIVE POWER          14,663,376
      REPORTING
     PERSON WITH         ------------------------------------------------------
                         8.     SHARED DISPOSITIVE POWER                 0

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   9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         14,663,376
-------------------------------------------------------------------------------
  10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES            [ ]
         CERTAIN SHARES*

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

         20.0%**
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  12.    TYPE OF REPORTING PERSON*

         CO
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                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

---------
     ** Based on 73,478,901 shares of common stock outstanding as of October
31, 2001 as reported on the Issuer's Quarterly Report on Form 10Q for the
quarterly period ended September 30, 2001.






Item 1(a).  Name of Issuer:

     Alliance Data Systems Corporation (the "Issuer")

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

     17655 Waterview Parkway, Dallas, Texas 75752

Item 2(a).  Name of Person Filing:

     The Limited, Inc. ("The Limited")

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

     The principal business office of The Limited is Three Limited Parkway,
Columbus, OH 43216.

Item 2(c).  Citizenship:

     The Limited is a Delaware corporation.

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

     Common Stock, $.01 par value.

Item 2(e).  CUSIP Number:

     018581-10-8

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

     (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;

     (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;

     (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange
             Act;

     (d) [ ] Investment company registered under Section 8 of the Investment
             Company Act;

     (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

     (f) [ ] An employee benefit plan or endowment fund in accordance with
             Rule 13d-1(b)(1)(ii)(F);

     (g) [ ] A parent holding company or control person in accordance with
             Rule 13d-1(b)(1)(ii)(G);

     (h) [ ] A savings association as defined in Section 3(b) of the Federal
             Deposit Insurance Act;

     (i) [ ] A church plan that is excluded from the definition of an
             investment company under Section 3(c)(14) of the Investment
             Company Act;

     (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ]





Item 4.  Ownership.

     Provide the following information regarding the aggregate number and
percentage of the class of securities of issuer identified in Item 1.

     (a)  Amount beneficially owned: 14,663,376

     (b)  Percent of class: 20.0%

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

           (i)  Sole power to vote or to direct the vote: 14,663,376

          (ii)  Shared power to vote or to direct the vote: None

         (iii)  Sole power to dispose or to direct the disposition
                of: 14,663,376

          (iv)  Shared power to dispose or to direct the disposition of: None

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. |_|

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.

     See Exhibit 1 attached hereto.

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

     Not applicable.

Item 9.  Notice of Dissolution of Group.

     Not applicable.

Item 10.  Certifications.

     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.


                                                  February 13, 2002
                                      -----------------------------------------
                                                       (Date)

                                                /s/ Samuel P. Fried
                                      -----------------------------------------
                                                     (Signature)

                                                  Samuel P. Fried/
                                      Senior Vice President and General Counsel
                                      -----------------------------------------
                                                    (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.

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





                                   EXHIBIT 1

                          Identification of Subsidiary


     Limited Commerce Corp., a wholly-owned subsidiary of The Limited.