UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)


                       Intrabiotics Pharmaceuticals, Inc.
                       ----------------------------------
                                (Name of Issuer)



                    Common Stock, par value $0.001 per share
                    ----------------------------------------
                         (Title of Class of Securities)




                                   46116T 10 0
                                   -----------
                                 (CUSIP Number)




                                   May 1, 2002
                                   -----------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

/ /  Rule 13d-1(b)
/ /  Rule 13d-1(c)
/X/  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 8




                                                                                                   
-----------------------                                                                                  -------------
 CUSIP NO. 46116T 10 0                                           SCHEDULE 13G                             Page 2 of 8
-----------------------                                                                                  -------------


                                                            
---------------------------- -----------------------------------------------------------------------------------------
             1               NAMES OF REPORTING PERSONS
                             I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

                             The St. Paul Companies, Inc.
                             41-0518860
---------------------------- -----------------------------------------------------------------------------------------
             2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                             Not Applicable                      (a)  / /
                                                                 (b)  / /
---------------------------- -----------------------------------------------------------------------------------------
             3               SEC USE ONLY


---------------------------- -----------------------------------------------------------------------------------------
             4               CITIZENSHIP OR PLACE OF ORGANIZATION
                             Minnesota corporation

---------------------------- ---------------------- ------------------------------------------------------------------
                                       5            SOLE VOTING POWER
         NUMBER OF                                           0
          SHARES             ---------------------- ------------------------------------------------------------------
       BENEFICIALLY                    6            SHARED VOTING POWER
         OWNED BY                                            0 (see Item 4)
           EACH              ---------------------- ------------------------------------------------------------------
         REPORTING                     7            SOLE DISPOSITIVE POWER
          PERSON                                             0
           WITH              ---------------------- ------------------------------------------------------------------
                                       8            SHARED DISPOSITIVE POWER
                                                             0 (see Item 4)
---------------------------- -----------------------------------------------------------------------------------------
             9               AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             0 (see Item 4)

---------------------------- -----------------------------------------------------------------------------------------
            10               CHECK BOX If THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
                             Not Applicable

---------------------------- -----------------------------------------------------------------------------------------
            11               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                             0%

---------------------------- -----------------------------------------------------------------------------------------
            12               TYPE OF REPORTING PERSON*
                             CO

---------------------------- -----------------------------------------------------------------------------------------



                        *SEE INSTRUCTIONS BEFORE FILLING OUT!


                                  Page 2 of 8




                                                                                                   
-----------------------                                                                                  -------------
 CUSIP NO. 46116T 10 0                                           SCHEDULE 13G                             Page 3 of 8
-----------------------                                                                                  -------------


                                                            
---------------------------- -----------------------------------------------------------------------------------------
             1               NAMES OF REPORTING PERSONS
                             I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

                             St. Paul Fire and Marine Insurance Company
                             41-0406690
---------------------------- -----------------------------------------------------------------------------------------
             2               CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                             Not Applicable                      (a)  / /
                                                                 (b)  / /
---------------------------- -----------------------------------------------------------------------------------------
             3               SEC USE ONLY


---------------------------- -----------------------------------------------------------------------------------------
             4               CITIZENSHIP OR PLACE OF ORGANIZATION
                             Minnesota corporation

---------------------------- ---------------------- ------------------------------------------------------------------
                                       5            SOLE VOTING POWER
         NUMBER OF                                           0
          SHARES             ---------------------- ------------------------------------------------------------------
       BENEFICIALLY                    6            SHARED VOTING POWER
         OWNED BY                                            0 (see Item 4)
           EACH              ---------------------- ------------------------------------------------------------------
         REPORTING                     7            SOLE DISPOSITIVE POWER
          PERSON                                             0
           WITH              ---------------------- ------------------------------------------------------------------
                                       8            SHARED DISPOSITIVE POWER
                                                             0 (see Item 4)
---------------------------- -----------------------------------------------------------------------------------------
             9               AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             0 (see Item 4)

---------------------------- -----------------------------------------------------------------------------------------
            10               CHECK BOX If THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
                             Not Applicable

---------------------------- -----------------------------------------------------------------------------------------
            11               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                             0%

---------------------------- -----------------------------------------------------------------------------------------
            12               TYPE OF REPORTING PERSON*
                             CO

---------------------------- -----------------------------------------------------------------------------------------



                        *SEE INSTRUCTIONS BEFORE FILLING OUT!


                                  Page 3 of 8



Item 1(a).        NAME OF ISSUER:

                  The name of the issuer is Intrabiotics Pharmaceuticals, Inc.
                  (the "Issuer").

Item 1(b).        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  The address of the principal executive offices of the Issuer
                  is 1255 Terra Bella, Mountain View, CA 94043

Item 2(a).        NAME OF PERSONS FILING:

                  The St. Paul Companies, Inc. ("The St. Paul") and St. Paul
                  Fire and Marine Insurance Company ("F&M"). The St. Paul and
                  F&M are collectively referred to herein as the "Reporting
                  Persons."

Item 2(b).        ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                  The principal business address of each of the Reporting
                  Persons is 385 Washington Street, St. Paul, Minnesota  55102.

Item 2(c).        CITIZENSHIP:

                  Each of The St. Paul and F&M is a  Minnesota corporation.

Item 2(d).        TITLE OF CLASS OF SECURITIES:

                  The class of equity securities to which this Statement relates
                  is the common stock, par value $0.001 per share, of the Issuer
                  (the "Common Stock").

Item 2(e).        CUSIP NUMBER:

                  The CUSIP number of the Common Stock is 46116T 10 0.

Item 3.           IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
                  13d-2(b) OR (c), CHECK WHETHER THE FILING PERSON IS A:

                  (a)  / /  Broker or Dealer registered under Section 15 of the
                            Securities Exchange Act of 1934 (the "Act").

                  (b)  / /  Bank, as defined in Section 3(a)(6) of the 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 of 1940.

                  (e)  / /  Investment Advisor registered under Section 203 of
                            the Investment Advisers Act of 1940.


                                  Page 4 of 8



                  (f)  / /  Employee Benefit Plan, Pension Fund, which is
                            subject to the provisions of the Employee Retirement
                            Income Security Act of 1974 or Endowment Fund; see
                            Rule 13d-1(b)(1)(ii)(F) of the Act.

                  (g)  / /  Parent Holding Company or Control Person, in
                            accordance with Rule 13d-1(b)(ii)(G) (Note: See
                            Item 7).

                  (h)  / /  Savings Associations, 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 of 1940.

                  (h)  / /  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).



Item 4.           OWNERSHIP:

         (a)      Amount beneficially owned:  0

         (b)      Percent of class:  0

         (c)      Number of shares as to which each of The St. Paul and F&M has:


                                                                                                  
                  (i)      Sole power to vote or to direct the vote..............................            0

                  (ii)     Shared power to vote or to direct the vote............................            0

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

                  (iv)     Shared power to dispose or to 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 Persons have ceased to be the
                  beneficial owner of more than 5 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.


                                  Page 5 of 8



Item 8.           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

                  Not Applicable.

Item 9.           NOTICE OF DISSOLUTION OF GROUP:

                  Not Applicable.

Item 10.          CERTIFICATION:

                  Not Applicable.


                                  Page 6 of 8



                                    SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.

Date:  July 3, 2002.

THE ST. PAUL COMPANIES, INC.


         By:      /s/ BRUCE A. BACKBERG
              ---------------------------------------
                  Bruce A. Backberg
         Its:     Senior Vice President



ST. PAUL FIRE AND MARINE INSURANCE COMPANY



         By:      /s/ BRUCE A. BACKBERG
             ----------------------------------------
                  Bruce A. Backberg
         Its:     Senior Vice President


                                  Page 7 of 8