A fundamental open problem in computational learning theory is whether there is an attribute efficient learning algorithm for the concept class of decision lists (Rivest, 1987; Blum, 1996). We consider a weaker problem, where the concept class is restricted to decision lists with D alternations. For this class, we present a novel online algorithm that achieves a mistake bound of O(rD log n), where r is the number of relevant variables, and n is the total number of variables. The algorithm can be viewed as a strict generalization of the famous Winnow algorithm by Littlestone (1988), and improves the O(r2D log n) mistake bound of Balanced Winnow. Our bound is stronger than a similar PAC-learning result of Dhagat and Hellerstein (1994). A combination of our algorithm with the algorithm suggested by Rivest (1987) might achieve even better bounds.