United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. __)*

Name of Issuer - Aspen Technology, Inc.

Title or Class of Securities - Common Stock

CUSIP Number - 045327103

Check the following box if a fee is being paid with this statement [ ].


Cusip No. 045327103

Page 2 of 10 Pages

1.   Name of  Reporting  Person  (S.S.  or  I.R.S.  Identification  No. of above
     person)

     American Century Companies, Inc. - 43-1325032


2.   Check the appropriate box if a member of a group* - N/A

3.   SEC Use Only

4.   Citizenship or place of organization

     Delaware


5.   Sole voting power

         500,000

6.   Shared voting power

         0

7.   Sole dispositive power

         500,000

8.   Shared dispositive power

         0

9.   Aggregate amount beneficially owned by each reporting person

         500,000

10.  Check box if the aggregate amount in Row (9) excludes certain shares

     N/A


11.  Percent of class represented by amount in Row 9

         5.1%

12.  Type of reporting person*

         HC


Cusip No. 045327103

Page 3 of 10 Pages

1.   Name of  Reporting  Person  (S.S.  or  I.R.S.  Identification  No. of above
     person)

     American Century Investment Management, Inc. - 44-0640487


2.   Check the appropriate box if a member of a group* - N/A

3.   SEC Use Only

4.   Citizenship or place of organization

     Delaware


5.   Sole voting power

         500,000

6.   Shared voting power

         0

7.   Sole dispositive power

         500,000

8.   Shared dispositive power

         0

9.   Aggregate amount beneficially owned by each reporting person

         500,000

10.  Check box if the aggregate amount in Row (9) excludes certain shares

     N/A


11.  Percent of class represented by amount in Row 9

         5.1%

12.  Type of reporting person*

     IA


Cusip No. 045327103

Page 4 of 10 Pages

1.   Name of  Reporting  Person  (S.S.  or  I.R.S.  Identification  No. of above
     person)

     American Century Mutual Funds, Inc. - 44-6006315


2.   Check the appropriate box if a member of a group* - N/A

3.   SEC Use Only

4.   Citizenship or place of organization

     Maryland


5.   Sole voting power

         500,000

6.   Shared voting power

         0

7.   Sole dispositive power

         500,000

8.   Shared dispositive power

         0

9.   Aggregate amount beneficially owned by each reporting person

         500,000

10.  Check box if the aggregate amount in Row (9) excludes certain shares

     N/A


11.  Percent of class represented by amount in Row 9

         5.1%

12.  Type of reporting person*

     IV


Cusip No. 045327103

Page 5 of 10 Pages

1.   Name of  Reporting  Person  (S.S.  or  I.R.S.  Identification  No. of above
     person)

     James E. Stowers, Jr. - ###-##-####


2.   Check the appropriate box if a member of a group* - N/A

3.   SEC Use Only

4.   Citizenship or place of organization

     United States


5.   Sole voting power

         500,000

6.   Shared voting power

         0

7.   Sole dispositive power

         500,000

8.   Shared dispositive power

         0

9.   Aggregate amount beneficially owned by each reporting person

         500,000

10.  Check box if the aggregate amount in Row (9) excludes certain shares

     N/A


11.  Percent of class represented by amount in Row 9

         5.1%

12.  Type of reporting person*

     IN


SCHEDULE 13G


Item 1(a).   NAME OF ISSUER

                  Aspen Technology, Inc.

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

                  Ten Canal Park
                  Cambridge, MA 02141

Item 2(a).   NAME OF PERSONS FILING

     American Century Companies, Inc., on its behalf and on behalf of:

     American Century Investment Management, Inc.
     American Century Mutual Funds, Inc.
     James E. Stowers, Jr.


Item 2(b).   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

     4500 Main Street, P.O. Box 418210, Kansas City, MO 64141-9210
     Attn:  David H. Reinmiller


Item 2(c).   CITIZENSHIP

     Delaware


Item 2(d).   TITLE OF CLASS OF SECURITIES

     Common Stock


Item 2(e).     CUSIP NO.

         045327103

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

     (g)  [ X ]   Parent Holding Company, in accordance with
               Rule 13d-1(b)(ii)(G) (Note:  See Item 7).


Item 4.   OWNERSHIP

     (a)  Aggregate amount beneficially owned:

                  500,000

     (b)  Percent of class:

                  5.1%

     (c)  Number of shares as to which such person has:

          (i)  sole power to vote or to direct the vote:

                  500,000

          (ii) shared power to vote or to direct the vote:

                  0

          (iii)sole power to dispose or to direct the disposition of:

                  500,000

          (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  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

     American  Century  Investment  Management,  Inc., a  registered  investment
adviser and a  wholly-owned  subsidiary  of American  Century  Companies,  Inc.,
manages,  pursuant to management  agreements,  the investments of six registered
investment  companies,  American  Century Mutual Funds,  Inc.,  American Century
World Mutual Funds, Inc.,  American Century Capital  Portfolios,  Inc., American
Century  Premium  Reserves,  Inc., TCI  Portfolios,  Inc., and American  Century
Strategic Asset  Allocations,  Inc. It also manages the assets of  institutional
investor accounts.  The securities that are the subject of this report are owned
by and held for such investment  companies and separate  institutional  investor
accounts.  Any dividends  received from such securities,  or the proceeds of any
sale of such  securities,  are  for the  benefit  of,  and  are  held  for  such
investment companies and separate institutional investor accounts.

     American  Century  Mutual Funds,  Inc.  owned 500,000 shares or 5.1% of the
securities that are the subject of this report.

     For further information  regarding the ownership of the securities that are
the subject of this report, see Exhibit A attached hereto.


 Item 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
          SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

     See attached Exhibits A and B.


Item 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

     N/A


Item 9.   NOTICE OF DISSOLUTION OF GROUP

     N/A


Item 10.  CERTIFICATION

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred  to above  were  acquired  in the  ordinary  course of
business  and were not acquired for the purpose of and do not have the effect of
changing or  influencing  the control of the issuer of such  securities and were
not acquired in connection  with or as a participant in any  transaction  having
such purpose or effect.


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.



February 5, 1997              AMERICAN CENTURY COMPANIES, INC.
     Date

                               By: /s/ William M. Lyons
                                   William M. Lyons
                                   Executive Vice President




EXHIBIT A

IDENTITY AND ITEM 3 CLASSIFICATION OF A SUBSIDIARY OF PARENT HOLDING COMPANIES

     This  Schedule  13G is being  filed by  American  Century  Companies,  Inc.
("ACC").  American Century Investment  Management,  Inc. ("ACIM"), an investment
advisor registered under Section 203 of the Investment  Advisors Act of 1940, is
a  wholly-owned  subsidiary of ACC. Mr. James E. Stowers,  Jr.,  controls ACC by
virtue of his beneficial ownership of a majority of the voting stock of ACC.

     As a result of its status as investment advisor to six investment companies
registered  under  Section  8 of the  Investment  Company  Act  and  to  several
institutional  investors,  ACIM is deemed to be the beneficial  owner of 500,000
shares  (the  "Shares")  or  5.1%  of the  outstanding  common  stock  of  Aspen
Technology, Inc.(the"Issuer").

     ACC, as a result of its control of ACIM,  and Mr.  Stowers,  as a result of
his control of ACC, are also deemed to  beneficially  own all such shares deemed
to be  beneficially  owned  by ACIM.  Mr.  Stowers,  ACC and  ACIM all  disclaim
beneficial ownership of the Shares.

     The ownership of one investment  company client of ACIM,  American  Century
Mutual Funds, Inc. ("ACMF"),  totalled 500,000 shares or 5.1% of the outstanding
common stock of the Issuer.

     This  Schedule 13G is being filed by ACC on behalf of ACC,  ACIM,  ACMF and
Mr. Stowers.



EXHIBIT B

Rule 13d-1(f)(1)(iii) Agreement


     Each of the  undersigned  hereby  agrees and consents to the  execution and
joint filing on its or his behalf by American  Century  Companies,  Inc. of this
Schedule 13G respecting  the  beneficial  ownership of the common stock of Aspen
Technology, Inc. at December 31, 1996.

     Dated this 5th day of February, 1997.

                                American Century Companies, Inc.


                                By: /s/ William M. Lyons

                                    William M. Lyons
                                    Executive Vice President


                                American Century Investment Management, Inc.


                                By: /s/ William M. Lyons

                                    William M. Lyons
                                    Executive Vice President

                                American Century Mutual Funds, Inc.


                                By: /s/ William M. Lyons

                                    William M. Lyons
                                    Executive Vice President




                                James E. Stowers, Jr.


                                By: /s/ William M. Lyons, Attorney-in-fact

                                    William M. Lyons
                                    Under Power of Attorney dated 2/3/97
                                    on file with Schedule 13G for
                                    U.S. Robotics, Inc. filed 2/3/97