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

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                             Commtouch Software Ltd.
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                                (Name of Issuer)

                                 Ordinary Shares
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                         (Title of Class of Securities)

                                    M25596103
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                                 (CUSIP Number)

        Gary Davis, c/o Commtouch Inc., 1300 Crittenden Lane, Suite 103,
                   Mountain view, CA 94043, Tel: 650-864-2000
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                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                December 31, 2003
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             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss.240.13d-1(e),  240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the  schedule,  including  all exhibits.  See  ss.240.13d-7  for other
parties to whom copies are to be sent.

* 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
disclosures provided in a prior cover page.

The information required on 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. M25596103
--------------------------------------------------
       
--------- -----------------------------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
          Nahum Sharfman
--------- -----------------------------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                         (a) [ ]
                                                                                                   (b) [ ]
--------- -----------------------------------------------------------------------------------------------------
3         SEC Use Only

--------- -----------------------------------------------------------------------------------------------------
4         SOURCE OF FUNDS (SEE INSTRUCTIONS)
          N/A
--------- -----------------------------------------------------------------------------------------------------
5         CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                        [ ]
          PURSUANT TO ITEMS 2(d) or (e)
--------- -----------------------------------------------------------------------------------------------------
6         CITIZENSHIP OR PLACE OF ORGANIZATION
          Israeli
--------- -----------------------------------------------------------------------------------------------------
NUMBER OF                     7                SOLE VOTING POWER
SHARES                                         1,448,459
BENEFICIALLY                  ---------------- ----------------------------------------------------------------
OWNED BY EACH                 8                SHARED VOTING POWER
REPORTING                                      N/A
PERSON                        ---------------- ----------------------------------------------------------------
WITH                          9                SOLE DISPOSITIVE POWER
                                               1,448,459
                              ---------------- ----------------------------------------------------------------
                              10               SHARED DISPOSITIVE POWER
                                               N/A
----------------------------- ---------------- ----------------------------------------------------------------
11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          1,448,459
--------- -----------------------------------------------------------------------------------------------------
12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES. (SEE INSTRUCTIONS)                                                          [ ]
--------- -----------------------------------------------------------------------------------------------------
13        PERCENT OF CLASS REPRESENTED
          BY AMOUNT IN ROW (11)
          3.8%
--------- -----------------------------------------------------------------------------------------------------
14        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
          IN
---------------------------------------------------------------------------------------------------------------


  This Amendment No. 1 amends the statement on Schedule 13D and the cover page
               thereto filed on June 12, 2002 by Nahum Sharfman.



Item 1.    Security and Issuer

Ordinary Shares.

Commtouch  Software Ltd., 1A Hazoran St., Poleg  Industrial Park, P.O. Box 8511,
Netanya 42504, Israel

Item 2.    Identity and Background
           (a)  Nahum Sharfman
           (b)  81, Hayarkon St., Tel Aviv 63432, Israel
           (c)  Co-founder, DealTime Ltd. 1 Hazoran St., Netanya, Israel
           (d)  No criminal convictions
           (e)  Not a party to a civil proceeding for which a judgment was
                entered
           (f)  Israeli.

Item 3.    Source and Amount of Funds or Other Consideration
N/A

Item 4.    Purpose of Transaction
N/A

Item 5.    Interest in Securities of the Issuer

           (a)  1,448,459 Ordinary Shares,  constituting 3.8% of the outstanding
                amount of such class of shares
           (b)  1,448,459  Ordinary Shares are subject to the sole power to vote
                and sole power of disposition of the named individual.
           (c)  N/A
           (d)  N/A
           (e)  December 31, 2003

Item 6.    Contracts, Arrangements, Understandings or Relationships with Respect
           to Securities of the Issuer
No change

Item 7.    Material to Be Filed as Exhibits
N/A




                                    Signature

Afterreasonable  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.

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Date:  May 6, 2004

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Signature:   /s/ Nahum Sharfman

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Name/Title: Nahum Sharfman, Co-Founder