SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION 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. ___2___)*
Electric City Corp.
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
284868106
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(CUSIP Number)
12/31/2003
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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 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. 284868106 13G PAGE 2 OF 5 PAGES
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Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Munder Capital Management
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of Delaware
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Number of
5 Sole Voting Power
Shares
1,329,395
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Beneficially 6 Shared Voting Power
0
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 1,329,395
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Reporting 8 Shared Dispositive Power
Person With 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,329,395
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
3.9%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP NO. 284868106 13G PAGE 3 OF 5 PAGES
Item 1.
(a) Name of Issuer:
Electric City Corp. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
Electric City Corp.
1280 Landmeier road
Elk Grove Village, Illinois 60007-2410
Item 2.
(a) Name of Person Filing:
Munder Capital Management ("Munder")
(b) Address of Principal Business Office:
Munder Capital Center
480 Pierce Street
Birmingham, MI 48009
(c) Citizenship:
Munder is a general partnership formed under the laws of the
State of Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
284868106
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
/X/ (e) an investment adviser in accordance with Rule13d-1 (b)(1)(ii)(E)
CUSIP NO. 284868106 13G PAGE 4 OF 5 PAGES
Item 4. Ownership
(a) Amount Beneficially Owned:
1,329,395 shares
(b) Percent of Class
3.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
1,329,395
(ii) shared power to vote or direct the vote:
0
(iii) sole power to dispose or to direct the disposition of:
1,329,395
(iv) shared power to dispose or direct the disposition of:
0
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 Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
Not Applicable.
CUSIP NO. 284868106 13G PAGE 5 OF 5 PAGES
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 in
the ordinary course of business and were not acquired for 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.
MUNDER CAPITAL MANAGEMENT,
a Delaware general partnership
By: /s/ Mary Ann C. Shumaker
Dated: 2/17/2004 Its: Associate General Counsel