SCHEDULE 13G

                                 (RULE 13d-102)

 Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
          and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549


                    Under the Securities Exchange Act of 1934

                             (Amendment No. 2)*

                     CHARLES RIVER ASSOCIATES INCORPORATED
- --------------------------------------------------------------------------------
                             (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                  159852 10 2
- --------------------------------------------------------------------------------
                                 (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:

                  [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).








                                Page 1 of 6 pages




                                      13G
CUSIP NO. 159852 10 2           AMENDMENT NO. 2                PAGE 2 OF 6 PAGES
- --------------------------------------------------------------------------------
  1     Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
        (Entities Only)

                 The Northwestern Mutual Life Insurance Company
                 39-0509570
- --------------------------------------------------------------------------------
  2     Check the Appropriate Box if a Member of a Group     (a) [ ]
        (See Instructions)                                   (b) [ ]


- --------------------------------------------------------------------------------
  3     SEC Use Only


- --------------------------------------------------------------------------------
  4     Citizenship or Place of Organization:  Wisconsin



- --------------------------------------------------------------------------------
    Number of
                           5       Sole Voting Power

     Shares                            328,700
                           -----------------------------------------------------
   Beneficially            6       Shared Voting Power

                                       176,900
     Owned by              -----------------------------------------------------
                           7       Sole Dispositive Power

       Each                            328,700
                           -----------------------------------------------------
     Reporting             8       Shared Dispositive Power


    Person With                        176,900
- --------------------------------------------------------------------------------
  9     Aggregate Amount Beneficially Owned by Each Reporting Person

                                    505,600
- --------------------------------------------------------------------------------
 10     Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
        (See Instructions)
                                      N/A
- --------------------------------------------------------------------------------
 11     Percent of Class Represented by Amount in Row (9)

                                      5.5%
- --------------------------------------------------------------------------------
 12     Type of Reporting Person (See Instructions)

                                       IC
- --------------------------------------------------------------------------------



CUSIP NO.:  159852 10 2             13G              Page 3 of 6 Pages
                              AMENDMENT NO. 2


ITEM 1

         (a)      Name of Issuer:  Charles River Associates
                  Incorporated

         (b)      Address of Issuer's Principal Executive Offices:
                  200 Clarendon Street, T-33, Boston, MA  02116-5092

ITEM 2

         (a)      Name of Person Filing:  The Northwestern Mutual
                  Life Insurance Company

         (b)      Address of Principal Business Office:  720 East
                  Wisconsin Avenue, Milwaukee, Wisconsin 53202

         (c)      Citizenship or Place of Organization:  Wisconsin

         (d)      Title of Class of Securities:  Common Stock

         (e)      CUSIP Number:  159852 10 2

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

         (b)      / / Bank as defined in section 3(a)(6) of the Act

         (c)      /X/ Insurance company as defined in section
                  3(a)(19) of the Act

         (d)      / / Investment company registered under section 8
                  of the Investment Company Act of 1940

         (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)      / / A parent holding company or control person in
                  accordance with section 240.13d-1(b)(1)(ii)(G)




CUSIP NO.:  159852 10 2             13G              Page 4 of 6 Pages
                               AMENDMENT NO. 2



         (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
                  of 1940

         (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: 505,600 shares. Of such amount, (i)
84,800 shares are owned by the Small Cap Aggressive Growth Stock Portfolio and
1,700 shares are owned by the Asset Allocation Portfolio of Northwestern Mutual
Series Fund, Inc., an affiliate of The Northwestern Mutual Life Insurance
Company and a registered investment company; (ii) 80,000 shares are owned by The
Northwestern Mutual Life Insurance Company Group Annuity Separate Account; (iii)
3,600 shares are owned by the Asset Allocation Fund and 5,600 shares are owned
by the Small Cap Growth Stock Fund of Mason Street Funds, Inc., an affiliate of
The Northwestern Mutual Life Insurance Company and a registered investment
company; and (iv) 1,200 shares are owned by Northwestern Long Term Care
Insurance Company, a wholly owned subsidiary of The Northwestern Mutual Life
Insurance Company. As of December 31, 2001, Northwestern Mutual Investment
Services, LLC, a wholly owned company of The Northwestern Mutual Life Insurance
Company and a registered investment advisor, served as an investment advisor to
the Asset Allocation Portfolio and Small Cap Aggressive Growth Stock Portfolio
of Northwestern Mutual Series Fund, Inc., Asset Allocation Fund and Small Cap
Growth Stock Fund of Mason Street Funds, Inc., and Northwestern Long Term Care
Insurance Company. As of December 31, 2001, Northwestern Investment Management
Company, LLC, of which The Northwestern Mutual Life Insurance Company is the
sole member, served as an investment advisor to The Northwestern Mutual Life
Insurance Company.



CUSIP NO.:  159852 10 2             13G              Page 5 of 6 Pages
                                 AMENDMENT NO. 2


         (b)      Percent of Class:  5.5%

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

                  (i)          Sole power to vote or to direct the vote:
                               328,700

                  (ii)         Shared power to vote or to direct the
                               vote: 176,900

                  (iii)        Sole power to dispose or to direct the
                               disposition of:  328,700

                  (iv)         Shared power to dispose or to direct the
                               disposition of:  176,900

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:  N/A

ITEM 7            IDENTIFICATION AND CLASSIFICATION OF THE
                  SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
                  REPORTED ON BY THE PARENT HOLDING COMPANY OR
                  CONTROL PERSON:  N/A

ITEM 8            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
                  THE GROUP:  N/A

ITEM 9            NOTICE OF DISSOLUTION OF GROUP:  N/A

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 the securities and were not acquired and are not











CUSIP NO.:  159852 10 2             13G              Page 6 of 6 Pages
                                AMENDMENT NO. 2


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 1, 2002

                                        THE NORTHWESTERN MUTUAL LIFE
                                        INSURANCE COMPANY




                                         By:  /s/  Robert J. Berdan
                                              Robert J. Berdan
                                              Vice President, General
                                              Counsel and Secretary