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                                                      OMB APPROVAL
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                                UNITED STATES OMB Number:             3235-0145
           SECURITIES AND EXCHANGE COMMISSION Estimated  average  burden  hours
                   Washington, D.C. 20549 per response....................14.90
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                                  SCHEDULE 13G

            INFORMATION STATEMENT TO BE INCLUDED IN STATEMENTS FILED
      PURSUANT TO RULES 13d-1 (b) (c) AND (d) AND AMENDMENTS THERETO FILED
                           PURSUANT TO RULE 13d-2 (b)

                               (Amendment No. 1)*

                            WORLD FUEL SERVICES CORP.
                            -------------------------
                                (Name of Issuer)


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


                                    981475106
                                  -------------
                                 (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-(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. 981475106                   13G            Page 2  of  5 Pages
          ---------                                       --     --
----------------------                               ---------------------------

----------- --------------------------------------------------------------------
  1   NAME OF REPORTING PERSON
      S.S. or I.R.S. IDENTIFICATION OF ABOVE PERSON

      NFJ INVESTMENT GROUP  (IRS No. 75-2557611)

--------------------------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [_]
                                                                         (b) [X]

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


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


      Delaware
--------------------------------------------------------------------------------
NUMBER OF SHARES     5      SOLE VOTING POWER
  BENEFICIALLY
    OWNED BY
                            -0-
                   -------------------------------------------------------------
      EACH           6      SHARED VOTING POWER
   REPORTING
     PERSON
      WITH                  -0-
                   -------------------------------------------------------------
                     7      SOLE DISPOSITIVE POWER


                            -0-

                   -------------------------------------------------------------
                     8      SHARED DISPOSITIVE POWER


                            -0-
--------------------------------------------------------------------------------
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      -0-
--------------------------------------------------------------------------------
  10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  [_]



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


      -0-
--------------------------------------------------------------------------------
  12  TYPE OF REPORTING PERSON*


      IA
--------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                       2




Item 1        (a)      Name of Issuer:
                       --------------
                       World Fuel Services Corp.

              (b)      Address of Issuer's Principal Executive Offices:
                       -----------------------------------------------
                       700 South Royal Poinciana Boulevard, Suite 800
                       Miami Springs, Florida 33166

Item 2        (a)      Name of Person Filing:
                       ---------------------
                       NFJ Investment Group

              (b)      Address of Principal Business Office:
                       ------------------------------------
                       2121 San Jancinto Street, Suite 1840
                       Dallas, Texas 75201

              (c)      Citizenship:
                       -----------
                       Not Applicable.

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

              (e)      CUSIP Number:
                       ------------
                       981475106
                       ---------

Item 3        If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
              ------------------------------------------------------------------
              check whether the person filing is a:
              -------------------------------------

              (a)      [_] Broker or dealer registered under Section 15 of the
                           Exchange Act;

              (b)      [_] Bank as defined in Section 3(a)(6) of the Exchange
                           Act;

              (c)      [_] Insurance company as defined in Section 3(a)(19) of
                           the Act;

              (d)      [_] Investment company registered under Section 8 of the
                           Investment Company Act;

              (e)      [X] Investment adviser registered under Section 203 of
                           the Investment Advisors Act of 1940;

              (f)      [_] Employee benefit plan or endowment fund in accordance
                           with Rule 13d-1(b)(1)(ii)(F);

              (g)      [_] Parent holding company or control person, in
                           accordance with 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;

              (j)      [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

              If this statement is filed pursuant to Rule 13d-1(c), check this
              box.     [_]


                                       3




Item 4        Ownership.
              ---------

              (a)      Amount beneficially owned: -0-

              (b)      Percent of Class:   -0-

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

              (i)      Sole power to vote or direct the vote:  -0-

              (ii)     Shared power to vote: -0-

              (iii)    Sole power to dispose or direct the disposition of:  -0-

              (iv)     Shared power to dispose or direct the disposition of: -0-

     **This report is being filed on behalf of NFJ Investment Group, a Delaware
general partnership and/or certain investment advisory clients or discretionary
accounts relating to their collective beneficial ownership of shares of common
stock of the Issuer. NFJ Investment Group is a registered investment adviser
under Section 203 of the Investment Advisers Act of 1940. As a result of its
role as investment adviser NFJ Investment Group may be deemed to be the
beneficial owner of the securities of the Issuer. NFJ Investment Group has the
sole power to dispose of the shares and to vote the shares under its written
guidelines established by its Management Board.

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 [X].

Item 6        Ownership of More than Five Percent on Behalf of Another Person.
              ---------------------------------------------------------------

              Not Applicable.

Item 7        Identification and Clarification of the Subsidiary Which Acquired
              -----------------------------------------------------------------
              the Security Being Reported on By the Parent Holding Company.

              Not Applicable.

Item 8        Identification and Clarification of Members of the Group.
              --------------------------------------------------------

              Not Applicable.

Item 9        Notice of Dissolution of Group.
              ------------------------------

              Not Applicable.


                                       4



Item 10       Certification.
              -------------

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have 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.

                                         Date: February 11, 2002




                                                /s/ Stewart A. Smith
                                         ------------------------------------
                                                Secretary
                                         ------------------------------------





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