SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                                (Amendment No. 6)


                             FIRST BUSEY CORPORATION
                             -----------------------
                                (Name of Issuer)

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

                                    319383105
                                    ---------
                                 (CUSIP Number)


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 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 that Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                         (Continued on following pages)






                                                               PAGE 1 OF 4 PAGES



CUSIP NO. 319383105                    13G

1)  NAME OF REPORTING PERSON AND SOCIAL SECURITY  OR I.R.S. 
    IDENTIFICATION NUMBER OF ABOVE PERSON
          DOUGLAS C. MILLS
          357-30-1324

2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A  GROUP*
      (A) |__|
      (B) |__|

3)  SEC USE ONLY


4)  CITIZENSHIP OR PLACE OR ORGANIZATION
          UNITED STATES

5)  SOLE VOTING POWER
          3,073,517 (1)

6)  SHARED VOTING POWER
          669,078 (2)

7)  SOLE DISPOSITIVE POWER
          3,073,517 (1)

8)  SHARED DISPOSITIVE POWER
          669,078 (2)

9)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          3,742,595

10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*


11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
          18.141%

12) TYPE OF REPORTING PERSON*
          IN


                                                               PAGE 2 OF 4 PAGES





ITEM 1(a)   NAME OF ISSUER:
                 FIRST BUSEY CORPORATION

ITEM 1(b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                 P.O. BOX 17125
                 URBANA, IL 61803-17125

ITEM 2(a)   NAME OF PERSON FILING:
                 DOUGLAS C. MILLS

ITEM 2(b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                 2123 SEATON COURT
                 CHAMPAIGN, IL 61821

ITEM 2(C)   CITIZENSHIP:
                 UNITED STATES

ITEM 2(d)   TITLE AND CLASS OF SECURITIES:
                 COMMON STOCK

ITEM 2(e)   CUSIP NUMBER:
                 319383105

ITEM 3      STATEMENT FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b):
                 NOT APPLICABLE

ITEM 4      OWNERSHIP:
            (a) AMOUNT BENEFICIALLY OWNED:
                 3,742,595
            (b) PERCENT OF CLASS:
                 18.141%
            (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

                  (i)   SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
                             3,073,517
                  (ii)  SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
                             669,078
                  (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
                             3,073,517
                  (iv)  SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
                             669,078


                                                               PAGE 3 OF 4 PAGES





ITEM 5      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
                 NOT APPLICABLE

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:
                 NOT APPLICABLE

ITEM 8      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
                 NOT APPLICABLE

ITEM 9      NOTICE OF DISSOLUTION OF A GROUP:
                 NOT APPLICABLE

ITEM 10     CERTIFICATION:
                 NOT APPLICABLE


         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 11, 2005                                /s/ Douglas C. Mills



--------------------------                       ----------------------------
Date                                             Signature


FOOTNOTE:

(1) Does not include 1,117,513 shares of Common Stock which are owned by Linda
    M. Mills, the wife of Mr. Mills, in which he disclaims any beneficial
    interest. Linda M. Mills files separate Section 13 and Section 16 reports
    reflecting the ownership of these securities.

(2) Of these shares, 635,785 shares are held by the Martin A. Klingel Estate for
    which Mr. Mills shares voting and dispositive powers with A. Barclay
    Klingel, Jr., as co-executor. Mr. Mills shares voting and dispositive power
    of 34,293 shares with other Board Members of Busey Mills Community
    Foundation.

                                                               PAGE 4 OF 4 PAGES