	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549
	SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

Northern Star Financial, Inc.

(Name of Issuer)

Common Stock, par value $.01

(Title of Class of Securities)

665728 10 1

(CUSIP Number)

December 31, 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:

o	Rule 13d-1(b)
o	Rule 13d-1(c)
ý	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).

CUSIP No. 665728 10 1

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Dean M. Doyscher

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		o
		(b)		o

	3.	SEC Use Only

	4.	Citizenship or Place of Organization U.S.A.

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 69,103 (includes 29,523 shares which may be purchased upon exercise of currently exercisable options and conversion of convertible note)

			6.		Shared Voting Power 0

			7.		Sole Dispositive Power 69,103 (includes 29,523 shares which may be purchased upon exercise of currently exercisable options and conversion of convertible note)

			8.		Shared Dispositive Power 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 69,103 (includes 29,523 shares which may be purchased upon exercise of currently exercisable options and conversion of convertible notes)

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

	11.	Percent of Class Represented by Amount in Row (9) 11.6%

	12.	Type of Reporting Person (See Instructions) IN

Answer every item. If an item is inapplicable or the answer is in the negative, so state.
Item 1.
	(a)		Name of Issuer Northern Star Financial, Inc.
	(b)		Address of Issuer’s Principal Executive Offices 1650 Madison Avenue Mankato, Minnesota 56001

Item 2.
	(a)		Name of Person Filing See Cover Page Item 1
	(b)		Address of Principal Business Office or, if none, Residence 78 Cree Point Drive Mankato, Minnesota 56001
	(c)		Citizenship See Cover Page Item 4
	(d)		Title of Class of Securities Common Stock, $.01 par value
	(e)		CUSIP Number See Cover Page

Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
	(a)		o		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)		o		Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)		o		Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)		o		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)		o		An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)		o		An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)		o		A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)		o		A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)		o		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)		o		Group, in accordance with §240.13d-1(b)(1)(ii)(J).
					Not applicable

Item 4.		Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
		(a)		Amount beneficially owned:
		(b)		Percent of class:
		(c)		Number of shares as to which the person has:
				(i)		Sole power to vote or to direct the vote
				(ii)		Shared power to vote or to direct the vote
				(iii)		Sole power to dispose or to direct the disposition of
				(iv)		Shared power to dispose or to direct the disposition of
						See Cover Page Items 5 through 11

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 o.

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 or Control Person
	Not applicable

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

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 as of December 31, 2003.

	February 5, 2004
	Date
	/s/ Dean M. Doyscher
	Signature
	Dean M. Doyscher
	Name/Title

NORTHERN STAR FINANCIAL INC SC 13G/A