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SEC 1745  POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
(6-00)    CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
          DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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                                                      OMB APPROVAL
                                                      OMB NUMBER: 3235-0145
                                                      EXPIRES: DECEMBER 31, 2005
                                                      ESTIMATED AVERAGE BURDEN
                                                      HOURS PER RESPONSE......11
                                                      --------------------------
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*

                               NASHUA CORPORATION
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                                (Name of Issuer)

                                     COMMON
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                         (Title of Class of Securities)

                                    631226107
         -------------------------------------------------------------
                                 (CUSIP Number)

                                  MAY 30, 2003
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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:
[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).



CUSIP No. 631226107

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         1.       Names of Reporting Persons.
                  I.R.S. Identification Nos. of above persons (entities only).
                  FLEETBOSTON FINANCIAL CORPORATION
                  05-0341324

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         2.       Check the Appropriate Box if a Member of a Group (See
                  Instructions)

                  (a)      _____________________________________________________
                           _______________________
                  (b)      _____________________________________________________
                           _______________________

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         3.       SEC Use Only
                  ______________________________________________________________

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                  Citizenship or Place of Organization.
         4.       Rhode Island, USA

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Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
                           5.       Sole Voting Power  320,306

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                           6.       Shared Voting Power   169,600

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                           7.       Sole Dispositive Power  516,506

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                           8.       Shared Dispositive Power  169,600

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         9.       Aggregate Amount Beneficially Owned by Each Reporting Person
                  686,106

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         10.      Check if the Aggregate Amount in Row (11) Excludes Certain
                  Shares [ ]

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         11.      Percent of Class Represented by Amount in Row (11) 11.65%

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         12.      Type of Reporting Person (See Instructions) HC



ITEM 1.

         (a)      Name of Issuer NASHUA CORPORATION

         (b)      Address of Issuer's Principal Executive Offices
                  11 TRAFALGAR SQUARE, SECOND FLOOR, NASHUA, NEW HAMPSHIRE 03063

ITEM 2.

         (a)      Name of Person Filing FLEETBOSTON FINANCIAL CORPORATION

                  Address of Principal Business Office or, if none, Residence
         (b)      100 FEDERAL STREET
                  BOSTON, MASSACHUSETTS 02110

         (c)      Citizenship Rhode Island, USA

         (d)      Title of Class of Securities COMMON

         (e)      CUSIP Number 631226107

ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 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)      [ ]      An investment adviser in accordance with Section
                           240.13d-1(b)(1)(ii)(E);

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

         (g)      [X]      A parent holding company or control person in
                           accordance with Section 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 Section 240.13d-1(b)(1)(ii)
                           (J).



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: 686,106

         (b)      Percent of class: 11.65%

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

                  (i)      Sole power to vote or to direct the vote
                            320,306

                  (ii)     Shared power to vote or to direct the vote
                            169,600

                  (iii)    Sole power to dispose or to direct the disposition of
                            516,506

                  (iv)     Shared power to dispose or to direct the disposition
                           of  169,600

Instruction. For computations regarding securities which represent a right to
acquire an underlying security see Section 240.13d3(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 [ ].

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.

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. EXHIBIT A ATTACHED

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

If a group has filed this schedule pursuant to Section 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 Section 240.13d-1(c) or Section 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

         (a)      The following certification shall be included if the statement
                  is filed pursuant to Section 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 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.

         (b)      The following certification shall be included if the statement
                  is filed pursuant to Section 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 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.

                           June 13, 2003
                           ---------------------------------------------
                           Date

                           /S/ ERNEST L. PUSCHAVER
                           ---------------------------------------------
                           Signature

                           ERNEST L. PUSCHAVER, CHIEF ACCOUNTING 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 Section 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)



                               NASHUA CORPORATION

                                    EXHIBIT A



SUBSIDIARY ACQUIRING SECURITIES                            CLASSIFICATION
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Fleet National Bank                                       Bank
Columbia Management Advisors, Inc.                        Investment Advisor