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 13d-2(b)
                         (Amendment No. ____________)1

                             Vision Bancshares, Inc.

                                (Name of Issuer)

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

                                    92832B106
            ---------------------------------------------------------
                                 (CUSIP NUMBER)

                                December 17, 2003

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








                                                                                                               

--------------------------------------------------------------------------------------------------------------------
        NAME OF REPORTING PERSONS: Jeffrey A. Miller
1.      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------------------------------------------
        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2.
                                                                                        (a)
                                                                                        (b)   |X|
--------------------------------------------------------------------------------------------------------------------
        SEC USE ONLY
3.
--------------------------------------------------------------------------------------------------------------------
        CITIZENSHIP OR PLACE OF ORGANIZATION        United States of America
4.
--------------------------------------------------------------------------------------------------------------------
      NUMBER OF           SOLE VOTING POWER                                                                       0
       SHARES       5.
   BENEFICIALLY
     OWNED BY
       EACH
     REPORTING
    PERSON WITH
--------------------------------------------------------------------------------------------------------------------
                          SHARED VOTING POWER                                                                94,500
                    6.
--------------------------------------------------------------------------------------------------------------------
                          SOLE DISPOSITIVE POWER                                                                  0
                    7.
--------------------------------------------------------------------------------------------------------------------
                          SHARED DISPOSITIVE POWER                                                           94,500
                    8.
--------------------------------------------------------------------------------------------------------------------
        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                                         94,500
9.

--------------------------------------------------------------------------------------------------------------------
        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.     CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                                                      5.0%
11.
--------------------------------------------------------------------------------------------------------------------
        TYPE OF REPORTING PERSON*                                                                                IN
12.
--------------------------------------------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                      -2-








--------------------------------------------------------------------------------------------------------------------
        NAME OF REPORTING PERSONS: Eric D. Jacobs
1.      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
--------------------------------------------------------------------------------------------------------------------
        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2.
                                                                                        (a)     0
                                                                                        (b)    |X|
--------------------------------------------------------------------------------------------------------------------
        SEC USE ONLY
3.
--------------------------------------------------------------------------------------------------------------------
        CITIZENSHIP OR PLACE OF ORGANIZATION        United States of America
4.
--------------------------------------------------------------------------------------------------------------------
     NUMBER OF            SOLE VOTING POWER                                                                       0
      SHARES        5.
    BENEFICIALLY
     OWNED BY
       EACH
     REPORTING
    PERSON WITH
--------------------------------------------------------------------------------------------------------------------
                          SHARED VOTING POWER                                                                94,500
                    6.
--------------------------------------------------------------------------------------------------------------------
                          SOLE DISPOSITIVE POWER                                                                  0
                    7.
--------------------------------------------------------------------------------------------------------------------
                          SHARED DISPOSITIVE POWER                                                           94,500
                    8.
--------------------------------------------------------------------------------------------------------------------
        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                                         94,500
9.

--------------------------------------------------------------------------------------------------------------------
        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10.     CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                                                      5.0%
11.
--------------------------------------------------------------------------------------------------------------------
        TYPE OF REPORTING PERSON*                                                                                IN
12.
--------------------------------------------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                      -3-









Item 1(a).        Name of Issuer:

                           Vision Bancshares, Inc.

Item 1(b).        Address of Issuer's Principal Executive Offices:

                           2201 West 1st Street
                           Gulf Shores, Alabama 36542

Item 2(a).        Name of Persons Filing:

                           Jeffrey A. Miller
                           Eric D. Jacobs
                           (together, the "Reporting Persons")

Item 2(b).        Address of Principal Business Office or, if None, Residence:

                           The principal business address of the Reporting
Persons is:

                           P.O. Box 26039 Gallows Bay Station
                           Christiansted, St. Croix, USVI 00824


Item 2(c).        Citizenship:

                           Jeffrey A. Miller:  United States of America
                           Eric D. Jacobs:  United States of America


Item 2(d).        Title of Class of Securities:

                           Common Stock

Item 2(e).        CUSIP Number:

                           92832B106



                                      -4-




Item     3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
         (c), check whether the person filing is   a:      Not Applicable

                      (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 Exchange Act;

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

                      (e)           [ ] Investment Adviser in accordance with
                                    Rule 13d-1(b)(1)(ii)(E);

                      (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 Rule 13d-1(b)(1)(ii)(G);

                      (h)           [ ] Saving 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)(J).





                                                                                        

Item 4.           Ownership.

                   A. Jeffrey A. Miller

                  (a)  Amount beneficially owned:                                          94,500
                  (b)  Percent of Class:                                                     5.0%
                  (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 or to direct the vote:                     94,500
                      (iii)Sole power to dispose or direct the disposition of:                  0
                      (iv) Shared power to dispose or to direct the disposition of:        94,500


                  B. Eric D. Jacobs

                  (a)  Amount beneficially owned:                                          94,500
                  (b)  Percent of Class:                                                     5.0%


                                      -5-



                  (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 or to direct the vote:                     94,500
                      (iii)Sole power to dispose or direct the disposition of:                  0
                      (iv) Shared power to dispose or to direct the disposition of:        94,500





         As calculated in accordance with Rule 13d-3 of the Securities Exchange
Act of 1934, as amended, Jeffrey A. Miller and Eric D. Jacobs beneficially own
94,500 shares of the Issuer's Common Stock ("Common Stock"), representing 5.0%
of the Common Stock. Mr. Miller and Mr. Jacobs do not directly own any shares of
Common Stock, but they do indirectly own 94,500 shares of Common Stock in their
capacity as (i) the sole managers and members of Miller & Jacobs Capital,
L.L.C., a Virgin Islands limited liability company ("MJC"), which in turn (a)
provides discretionary investment management services to Acadia Fund I, L.P., a
Delaware limited partnership ("Acadia LP"), (b) serves as a sub-advisor with
discretionary investment advisory authority for Acadia Life International, a
Bermuda corporation ("Life"), and (c) serves as a sub-advisor with discretionary
investment advisory authority for Avant Garde Investment, Ltd., a British Virgin
Islands corporation ("Avant Garde"); (ii) the sole managers of Cerulean
Investment Management, L.L.C., a Delaware limited liability company, which in
turn serves as investment manager for Cerulean Partners, Ltd., an exempt company
incorporated in the Cayman Islands ("Cerulean"); and (iii) the sole members and
managers of Acadia Fund I, LLC, a Delaware limited liability company, which in
turn serves as the general partner for Acadia Fund I, GP, L.P., a Delaware
limited partnership, which in turn serves as general partner for Acadia LP.

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: [ ]

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

                           Each of Acadia LP, Cerulean, Life and Avant Garde
                           have the right to receive dividends and the proceeds
                           from the sale of the shares of Common Stock held by
                           such person.

Item 7.           Identification and Classification of the Subsidiary Which
                  Acquired the Security Being Reported on by the Parent
                  Holding Company.

                           Not Applicable

Item 8.           Identification and Classification of Members of the Group.

                           Not Applicable


                                      -6-






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 not acquired 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.




                                      -7-





                                    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.

Dated:  December 22, 2003

                                                       /s/ Jeffrey A. Miller
                                                       ---------------------



                                                          /s/ Eric D. Jacobs
                                                          ------------------






                                  EXHIBIT INDEX


Exhibits
--------

1.       Joint Filing Agreement, dated December 22, 2003, by and between Jeffrey
         A. Miller and Eric D. Jacobs.




                                      -8-





                                    EXHIBIT 1
                                    ---------




                             JOINT FILING AGREEMENT



         The undersigned hereby agree that this Statement on Schedule 13G with
respect to the beneficial ownership of shares of Common Stock of Vision
Bancshares, Inc., is filed jointly, on behalf of each of them.

Dated:  December 22, 2003


                                                 /s/ Jeffrey A. Miller
                                                 ----------------------
                                                 Jeffrey A. Miller



                                                 /s/ Eric D. Jacobs
                                                 ----------------------
                                                 Eric D. Jacobs




--------

1        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 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).