UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE l3D
                                 Amendment No. 1
                    Under the Securities Exchange Act of 1934



                           Build-A-Bear Workshop, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    120076104
- --------------------------------------------------------------------------------
                                 (CUSIP Number)
                                                     with a copy to:
       Mr. Philip C. Timon                           Robert G. Minion, Esq.
       Endowment Capital Group, LLC                  Lowenstein Sandler PC
       1105 North Market Street, 15th Floor          65 Livingston Avenue
       Wilmington, Delaware 19801                    Roseland, New Jersey  07068
       (302) 472-8000                                (973) 597-2424
- --------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                 January 22, 2007
- --------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


If the filing person has previously  filed a statement on Schedule l3G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of Sections 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 Section 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.  120076104
- --------------------------------------------------------------------------------
  1)   Names of  Reporting Persons.  I.R.S. Identification Nos. of above persons
       (entities only):

                          Mr. Philip C. Timon
- --------------------------------------------------------------------------------
  2)   Check the Appropriate Box if a Member of a Group (See Instructions):
             (a)
             (b)

- --------------------------------------------------------------------------------
  3)   SEC Use Only

- --------------------------------------------------------------------------------
  4)   Source of Funds (See Instructions):    WC

- --------------------------------------------------------------------------------
  5)   Check if  Disclosure of  Legal Proceedings Is  Required Pursuant to Items
       2(d) or 2(e):
                        Not Applicable
- --------------------------------------------------------------------------------
  6)   Citizenship or Place of Organization:    United States

- --------------------------------------------------------------------------------
        Number of                        7) Sole Voting Power:        2,641,700*
                                            ------------------------------------
        Shares Beneficially              8) Shared Voting Power:              0
                                            ------------------------------------
        Owned by
        Each Reporting                   9) Sole Dispositive Power:   2,641,700*
                                            ------------------------------------
        Person With                     10) Shared Dispositive Power:         0
                                            ------------------------------------
- --------------------------------------------------------------------------------
  11)  Aggregate Amount Beneficially Owned by Each Reporting Person:  2,641,700*

- --------------------------------------------------------------------------------
  12)  Check if the  Aggregate Amount in Row (11)  Excludes Certain Shares  (See
       Instructions):             Not Applicable
- --------------------------------------------------------------------------------
  13)  Percent of Class Represented by Amount in Row (11):      12.9%*

- --------------------------------------------------------------------------------
  14)  Type of Reporting Person (See Instructions):   IN

- --------------------------------------------------------------------------------
* Endowment Capital,  L.P.,  and  Long  Drive,  L.P.,  each a  Delaware  limited
partnership  (collectively,  the "Limited  Partnerships"),  own in the aggregate
2,641,700  shares of the Common Stock, par value $0.01 per share (the "Shares"),
of Build-A-Bear  Workshop,  Inc., a Delaware corporation (the "Company"),  as of
January  22,  2007 (the  "Reporting  Date").  Endowment  Capital  Group,  LLC, a
Delaware  limited  liability  company  ("Endowment  LLC"),  is the sole  general
partner of each  of the  Limited  Partnerships.  Mr. Philip C. Timon is the sole
managing  member of Endowment LLC.  As a result,  Mr. Timon  possesses  the sole
power to vote and the sole power to direct the disposition of the Shares held by
the Limited  Partnerships  as of the Reporting  Date.  Thus, as of the Reporting
Date,  for  the  purposes  of Reg. Section  240.13d-3,  Mr. Timon  is  deemed to
beneficially own 2,641,700 Shares,  or approximately  12.9% of the Shares deemed
issued and  outstanding as of the Reporting  Date.  Mr. Timon's  interest in the
Shares  is  limited  to  his  pecuniary   interest,   if  any,  in  the  Limited
Partnerships.






Item 6.   Contracts, Arrangements, Understandings or Relationships with  Respect
          to Securities of the Issuer.
          ----------------------------------------------------------------------

          Item 6 is hereby  amended by deleting  Item 6 in its  entirety  and by
substituting the following in lieu thereof:

          From  time-to-time,  Mr. Timon may cause the Limited  Partnerships  to
enter into  securities  lending  arrangements  (the  "Securities  Lending") with
third-party  brokerage  firms with respect to all or a portion of the  Company's
Shares  that the  Limited  Partnerships  own.  While such  Shares are being lent
pursuant to the Securities Lending arrangements, Mr. Timon shall not possess the
power to vote  such  Shares,  but shall  possess  the sole  power to direct  the
disposition of such Shares.  Additionally, Mr. Timon has the right, at any time,
to immediately terminate the Securities Lending arrangements.




                                    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.

                                            January 26, 2007


                                            /s/ Philip C. Timon
                                            ------------------------------------
                                            Philip C. Timon,  in his capacity as
                                            sole  managing  member of  Endowment
                                            Capital Group, LLC, the sole general
                                            partner  of Endowment  Capital, L.P.
                                            and Long Drive, L.P.



      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001).