FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* SAGE GROUP PLC (Last) (First) (Middle) SAGE HOUSE, BENTON PARK ROAD (Street) NEW CASTLE UPON TYNE, ENGLAND X0 NE7 7LZ (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/24/2003	3. Issuer Name and Ticker or Trading Symbol ISLAND PACIFIC INC [ IPI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	8,923,915(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Preferred Stock (convertible into Common Stock)	11/14/2003	12/31/2006	Common Stock	18,410,880	(2)	D
Stock Option (right to buy)	11/14/2003	06/11/2009	Common Stock	10,000	11.75	D
Stock Option (right to buy)	11/14/2003	12/04/2007	Common Stock	61,812	2	D

Explanation of Responses:

1. The total amount of funds used by The Sage Group plc in acquiring its interest in Island Pacific, Inc. was ZAR 174,889,027 (equivalent to $26,818,946 based on an exchange rate of 0.14854 on November 14, 2003, the date the securities were acquired).

2. The shares of Series A Preferred Stock held by the Reporting Person are convertible at the option of the holder with no further payment.

Remarks:

	Paul Walker, Chief Executive Officer of The Sage Group plc	11/24/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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