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


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 1)*

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

                     Common Stock, $.01 Par Value Per Share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    52602Q105
                                    ---------
                                 (CUSIP Number)


                                December 31, 2001
                                -----------------
             (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)
                                [X] 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 on 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. 52602Q105                   13G                      Page 2 of 6 Pages
-------------------                                            -----------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Cumberland Associates LLC
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                    (a) [ ]

                    (b) [X]

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

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

           New York
-------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            842,308
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             102,692
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON                842,308
       WITH
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            102,692
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           945,000
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
           EXCLUDES CERTAIN SHARES [ ]

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

           5.0%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00, IA
---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!





Item 1(a)           Name of Issuer:
                    --------------

                    LendingTree, Inc. (the "Issuer")

Item 1(b)           Address of Issuer's Principal Executive
                    Offices:
                    ---------------------------------------
                    11115 Rushmore Drive
                    Charlotte, North Carolina 28277

Item 2(a)           Name of Person Filing:
                    ----------------------

                    This statement is being filed by Cumberland
                    Associates LLC. Cumberland Associates LLC is
                    a limited liability company organized under
                    the laws of the State of New York, and is
                    engaged in the business of managing, on a
                    discretionary basis, ten securities accounts
                    (the "Accounts"), the principal one of which
                    is Cumberland Partners. Gary Tynes, Bruce G.
                    Wilcox and Andrew M. Wallach are the members
                    (the "Members") of Cumberland Associates
                    LLC.

Item 2(b)           Address of Principal Business Office:
                    -------------------------------------

                    The address of the principal business and
                    office of Cumberland Associates LLC and each
                    of the Members is 1114 Avenue of the
                    Americas, New York, New York 10036.

Item 2(c)           Citizenship:
                    ------------

                    Cumberland Associates LLC is a New York
                    limited liability company. Each of the
                    Members is a citizen of the United States.

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

                    Common Stock, par value $.01 per share (the
                    "Shares")

Item 2(e)           CUSIP Number:
                    -------------

                    52602Q105

Item 3              Not Applicable


                                Page 3 of 6 pages



Item 4              Ownership:
                    ----------

Item 4(a)           Amount Beneficially Owned:
                    --------------------------

                    As of February 8, 2002, Cumberland Associates
                    LLC may be deemed the beneficial owner of
                    945,000 Shares.

Item 4(b)           Percent of Class:
                    -----------------

                    As of February 8, 2002, the number of Shares
                    of which Cumberland Associates LLC may be
                    deemed to be the beneficial owner constitutes
                    approximately 5.0% of the total number of
                    Shares outstanding.

Item 4(c)           Number of shares as to which such person has:
                    ---------------------------------------------

                    (i)   Sole power to vote or to direct the
                          vote:
                          842,308

                    (ii)  Shared power to vote or to direct
                          the vote:
                          102,692

                    (iii) Sole power to dispose or to direct
                          the disposition of:
                          842,308

                    (iv)  Shared power to dispose or to direct
                          the disposition of:
                          102,692

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:
                    ---------------------------------------------

                    The beneficial owners of the Accounts have
                    the right to participate in the receipt of
                    dividends from, or proceeds from the sale of,
                    the Shares held for each Account in
                    accordance with their ownership interests in
                    each such Account.


                               Page 4 of 6 pages



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 Group:
                    ------------------------------

                    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.


                               Page 5 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.


Dated: February 14, 2002

                                        CUMBERLAND ASSOCIATES LLC


                                        By: /s/ Bruce G. Wilcox
                                            ------------------------------
                                        Name:  Bruce G. Wilcox
                                        Title: Member


                               Page 6 of 6 pages