SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                  SCHEDULE 13G



                    Under the Securities Exchange Act of 1934
                                (Amendment # 2)*

                                 Stellent, Inc.
                                (Name of Issuer)


                                  Common Stock
                         (Title of Class of Securities)


                                    85856W105
                                 (CUSIP Number)
      December 31, 2003 (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 ("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).

                        (Continued on following page(s))




--------------------------------------------------------------
1)       Name of Reporting Person           Safeco Common Stock Trust
         S.S. or I.R.S.Identification
         No. of Above Person
---------------------------------------------------------------
2) Check the Appropriate Box               (a)
         if a Member of a Group             ___________________________
         (See Instructions)                (b)
---------------------------------------------------------------
3) SEC Use Only
---------------------------------------------------------------
4)       Citizenship or Place of             State of Delaware
         Organization
---------------------------------------------------------------
Number of       (5) Sole Voting
Shares Bene-         Power                  0
ficially
Owned by       ___________________________________________________
Reporting       (6) Shared Voting
Person With         Power                   1,092,003
                  ---------------------------------------------------
                (7) Sole Dispositive
                    Power                   0
                  ---------------------------------------------------
                (8) Shared Dispositive
                       Power                1,092,003
______________________________________________________________
9)       Aggregate Amount Beneficially
         Owned by Reporting Person          1,092,003
---------------------------------------------------------------
10)      Check if the Aggregate
         Amount in Row (9) Excludes
         Certain Shares (See Instructions)
---------------------------------------------------------------
11)      Percent of Class
         Represented by Amount in Row 9     4.9%
---------------------------------------------------------------
12)      Type of Reporting Person           IV
         (See Instructions)





-------------------------------------------------------------
 1)      Name of Reporting Person           Safeco Asset Management Company
         S.S. or I.R.S. Identification
         No. of Above Person
---------------------------------------------------------------
2) Check the Appropriate Box                (a)
         if a Member of a Group              ___________________________
         (See Instructions)                 (b)
---------------------------------------------------------------
3) SEC Use Only
---------------------------------------------------------------
4)       Citizenship or Place of            State of Washington
         Organization
---------------------------------------------------------------
Number of       (5) Sole Voting
Shares Bene-         Power                  0
ficially           ___________________________________________________
Owned by        (6) Shared Voting
Reporting              Power                1,750,503
Person With       ___________________________________________________
                (7) Sole Dispositive
                       Power                0
                  ---------------------------------------------------
                  (8) Shared
                        Dispositive Power   1,750,503
--------------------------------------------------------------
9)       Aggregate Amount Beneficially
         Owned by Reporting Person          1,750,503(1)
---------------------------------------------------------------
10)      Check if the Aggregate
         Amount in Row (9) Excludes
         Certain Shares (See Instructions)
---------------------------------------------------------------
11)      Percent of Class Represented
         by Amount in Row 9                 7.9%
---------------------------------------------------------------
12)      Type of Reporting Person           IA
         (See Instructions)
--------

1    The  Reporting  Person  disclaims  any  beneficial  ownership of the shares
     reported on this joint 13G. The reported  shares are owned  beneficially by
     registered investment companies for which the Reporting Person serves as an
     adviser, and include the shares reported in this joint 13G by Safeco Common
     Stock Trust.





---------------------------------------------------------------
 1)      Name of Reporting Person              Safeco Corporation
         S.S. or I.R.S. Identifica-
         tion No. of Above Person
---------------------------------------------------------------
2) Check the Appropriate Box                  (a)
         if a Member of a Group                ___________________________
         (See Instructions)                   (b)
---------------------------------------------------------------
3) SEC Use Only
---------------------------------------------------------------
4)       Citizenship or Place of Organization   State of Washington

---------------------------------------------------------------
Number of       (5) Sole Voting
Shares Bene-         Power                     0
ficially           ___________________________________________________
Owned by        (6) Shared Voting
Reporting              Power                   1,750,503
Person With       ___________________________________________________
                (7) Sole Disposi-
                      tive Power               0
                  ---------------------------------------------------
                (8) Shared
                    Dispositive Power          1,750,503
---------------------------------------------------------------
9)       Aggregate Amount Beneficially         1,750,503(2)
         Owned by Reporting Person
---------------------------------------------------------------
10)      Check if the Aggregate
         Amount in Row (9) Excludes
         Certain Shares (See Instructions)
---------------------------------------------------------------
11)      Percent of Class Represented
         by Amount in Row 9                    7.9%
---------------------------------------------------------------
12)      Type of Reporting Person HC (See Instructions)

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

2    The  Reporting  Person  disclaims  any  beneficial  ownership of the shares
     reported on this joint 13G. The reported  shares are owned  beneficially by
     registered  investment  companies  for which a subsidiary  of the Reporting
     Person serves as adviser, and include the shares reported in this joint 13G
     by Safeco Common Stock Trust.





Item 1(a).        Name of Issuer:  See front cover

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

                  7777 Golden Triangle Drive, Eden Prairie, MN  55344-3736

Item 2(a).        Name of Person(s) Filing:  See Item 1 on cover page (pp 2-4).

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

                  Safeco Common Stock Trust:
                        4854 154th Place NE, Redmond, WA  98052

                  Safeco Corporation:  Safeco Plaza, Seattle, WA  98185

                  Safeco Asset Management Company:
                        601 Union Street, Suite 2500, Seattle, WA  98101

Item 2(c).        Citizenship:   See Item 4 on cover page (pp 2-4).

Item 2(d).        Title of Class of Securities:   See front cover page.

Item 2(e).        CUSIP Number:   See front cover page.

Item 3.           If this statement is filed pursuant to Rules 13d-1(b) or
                  13d-2(b) or (c), check whether the persons filing are:

     (a) ( )Broker or Dealer registered under Section 15 of the Act.
     (b) ( )Bank as defined in Section 3(a)(6) of the Act.
     (c) ( )Insurance Company as defined in Section 3(a)(19) of the Act.
     (d) (X)Investment  Company  registered  under Section 8 of the  Investment
            Company Act of 1940.
     (e) (X)Investment  Advisor  registered under Section 203 of the Investment
             Advisers Act of 1940.
     (f) ( )Employee  Benefit Plan, Pension Fund which is subject to provisions
             of Employee  Retirement  Income Security Act of 1974 or Endowment
             Fund; see Rule 13d-1(b)(1)(ii)(F).
     (g) (X)Parent Holding Company in accordance with Rule 13d-1(b)(ii)(G).
     (h) ( ) Savings  Association  as  defined in  Section  3(b) of the  Federal
             Deposit Insurance Act.
     (i) ( ) Church Plan that is excluded  from 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)(H).







Item 4.  Ownership:

                  Items (a) through (c): See items 1 and 5-11 of the cover pages
       (pp 2-4).

                  Safeco Asset Management Company and Safeco Corporation
                  expressly declare that the filing of this statement on
                  Schedule 13G shall not be construed as an admission that they
                  are, for the purposes of Section 13(d) or 13(g) of the
                  Securities and Exchange Act of 1934, the beneficial owners of
                  any securities covered by this statement. Each of such
                  companies is filing this statement because it is considered an
                  indirect beneficial owner of such securities based on its
                  ownership or control of one or more investment companies which
                  directly own such shares.

Item 5.  Ownership of 5% or Less of a Class:  As of December 31,2003, Safeco
                  Common Stock Trust ceased to be a reporting person because it
                  no longer is the beneficial owner of more than 5% of the
                  common stock of Stellent, Inc.

Item 6.  Ownership of More than 5% 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.

                  Safeco Asset Management Company is the subsidiary on which
                  Safeco Corporation is reporting as the parent holding company.
                  Safeco Asset Management Company is an investment adviser as
                  specified in Item 12 on the cover page (p. 3), and reported
                  shares are owned beneficially by registered investment
                  companies for which Safeco Asset Management Company serves as
                  investment adviser.

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 acquired and
                  are held in the ordinary course of business and 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
                  such securities and were not acquired and are not held in
                  connection with or as a participant in any transaction having
                  that purpose or effect.









Exhibits.

                  The statement required by Rule 13d-1(k) is attached as Exhibit
                  A.


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 4, 2004                Safeco Corporation


                                 By       /s/ Ronald L. Spaulding
                                         --------------------------------------
                                        Ronald L. Spaulding
                                        Vice President and Treasurer


                                   Safeco Common Stock Trust



                                 By       /s/ David H. Longhurst
                                          --------------------------------------
                                          David H. Longhurst, Treasurer


                                   Safeco Asset Management Company



                                  By       /s/ David H. Longhurst
                                       ----------------------------------------
                                          David H. Longhurst, Secretary






                                    EXHIBIT A



Agreement for filing Schedule 13G.

Pursuant to the requirements of Regulation 13d-1(k), Safeco Corporation, Safeco
Asset Management Company and Safeco Common Stock Trust each agree that Schedule
13G filed by them with regard to Stellent, Inc.'s common stock is filed on
behalf of each of them.



Date:  February 4, 2004                Safeco Corporation


                                 By       /s/ Ronald L. Spaulding
                                         --------------------------------------
                                        Ronald L. Spaulding
                                        Vice President and Treasurer


                                   Safeco Common Stock Trust



                                 By       /s/ David H. Longhurst
                                          --------------------------------------
                                          David H. Longhurst, Treasurer


                                   Safeco Asset Management Company



                                  By       /s/ David H. Longhurst
                                       ----------------------------------------
                                          David H. Longhurst, Secretary