SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

          INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
          PURSUANT TO RULE 13d-2(b)

                             (Amendment No. ____)*

                                 Sohu.com, Inc.
                         ------------------------------
                                (Name of Issuer)

                    Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    83408W103
                         ------------------------------
                                 (CUSIP Number)

                                October 11, 2002
--------------------------------------------------------------------------------
             (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)


*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).



                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    2 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     BT Pension Scheme
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP       (a) [x]
                                                            (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY

_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     England
_____________________________________________________________________________

NUMBER OF      5    SOLE VOTING POWER

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            3,000,000
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                3,000,000
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,000,000
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                                                  [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     8.68% (Based on 34,558,349 shares outstanding on 11/1/02)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON

     EP
_____________________________________________________________________________



                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    3 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Royal Mail Pension Plan
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP       (a) [x]
                                                            (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY

_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     England
_____________________________________________________________________________

NUMBER OF      5    SOLE VOTING POWER

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            3,000,000
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                3,000,000
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,000,000
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                                                  [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     8.68% (Based on 34,558,349 shares outstanding on 11/1/02)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON

     EP
_____________________________________________________________________________



                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    4 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Hermes Investment Management, Ltd.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP       (a) [x]
                                                            (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY

_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     England
_____________________________________________________________________________

NUMBER OF      5    SOLE VOTING POWER

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            3,000,000
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                3,000,000
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     3,000,000
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                                                  [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     8.68% (Based on 34,558,349 shares outstanding on 11/1/02)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON

     IA
_____________________________________________________________________________



                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    5 of 7

Item 1(a).     Name of Issuer:

               Sohu.com, Inc. (the "Issuer").

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

               7 Jiangguomen Nei Avenue
               Suite 1519, Tower 2
               Beijing China 100005

Items 2(a),
(b) and (c).   Name of Persons Filing, Address of Principal Business Office and
               Citizenship:

               This Schedule 13G is being filed on behalf of (i) BT Pension
               Scheme, a pension plan organized under English law ("BT
               Pension"), (ii) Royal Mail Pension Plan, a pension plan organized
               under English law ("Royal Pension") and (iii) Hermes Investment
               Management, Ltd., an investment company organized under English
               law ("Hermes Investment," together with BT Pension and Royal
               Pension, collectively, the "Reporting Persons"). The principal
               business office of each of the Reporting Persons is Lloyds
               Chambers, 1 Portsoken Street, London, E1 8HZ.

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

               Common Stock, par value $0.001 per share, of the Company (the
               "Common Stock").

Item 2(e).     CUSIP Number:

               83408W103

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

Item 4.        Ownership.

               (a), (b) Amount beneficially owned and percentage of class (see
                    Item 6 hereof):

                    BT Pension owns 2,127,000 shares of Common Stock,
                    representing 6.15% of the Issuer's issued and outstanding
                    shares (based on 34,558,349 shares outstanding on 11/1/02).
                    Royal Pension owns 873,000 shares of Common Stock,
                    representing 2.53% of the Issuer's issued and outstanding
                    shares (based on 34,558,349 shares outstanding on 11/1/02).
                    Hermes Investment has the power to sell or vote on behalf of
                    BT Pension and Royal Pension all of the shares of Common
                    Stock to which this report relates. As such, under Rule
                    13d-3(a), Hermes Investment may be deemed to be the
                    beneficial owner of such shares, which represents 3,000,000
                    shares of

                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    6 of 7

                    Common Stock, representing 8.68% of the Issuer's issued and
                    outstanding shares (based on 34,558,349 shares outstanding
                    on 11/1/02).

               (c)  Number of shares to which such person has voting and
                    dispositive power:

                    BT Pension and Royal Pension share beneficial ownership of
                    the securities identified in subsection (a) above with
                    Hermes Investment, which has voting and dispositive power
                    over all such shares.

Item 5.        Ownership of Five Percent or Less of a Class.

               Not Applicable

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

               Pursuant to investment management agreements between BT Pension,
               Royal Pension and Hermes Investment, Hermes Investment has the
               power to sell or vote on behalf of BT Pension and Royal Pension
               all of the shares of Common Stock to which this report relates.
               As such, under Rule 13d-3(a), Hermes Investment may be deemed to
               be the beneficial owner of such shares.

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

               Not Applicable

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

               See Attached Exhibit

Item 9.        Notice of Dissolution of a 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.



                                  SCHEDULE 13G
CUSIP NO. 83408W103                                                    7 of 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: February 26, 2003


                                    BT PENSION SCHEME

                                    By: Hermes Investment Management, Ltd.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                        Adrian White, Manager



                                    ROYAL MAIL PENSION PLAN

                                    By: Hermes Investment Management, Ltd.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                         Adrian White, Manager



                                    HERMES INVESTMENT MANAGEMENT, LTD.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                         Adrian White, Manager


                                                                       Exhibit 1

                             JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of them
of a statement on Schedule 13G (including amendments thereto) with respect to
their shares of Common Stock, par value $0.001 per share, of Sohu.com, Inc., and
further agree that this Joint Filing Agreement shall be included as an exhibit
to such joint filings.

     The undersigned further agree that each party hereto is responsible for the
timely filing of such Schedule 13G and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein; provided, however, that no party is responsible for the completeness or
accuracy of the information concerning any other party making the filing, unless
such party knows or has reason to believe that such information is inaccurate.

     IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement
on February 26, 2003.

                                    BT PENSION SCHEME

                                    By: Hermes Investment Management, Ltd.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                        Adrian White, Manager



                                    ROYAL MAIL PENSION PLAN

                                    By: Hermes Investment Management, Ltd.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                        Adrian White, Manager



                                    HERMES INVESTMENT MANAGEMENT, LTD.


                                    By: /s/ Adrian White
                                        ---------------------------------
                                        Adrian White, Manager


                                                               Exhibit to Item 8

     The members of the Group are BT Pension Scheme, Royal Mail Pension Plan and
Hermes Investment Management, Ltd.