ARIES DOMESTIC FUND L P
13F-NT, 1999-08-16
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                               Form 13F COVER PAGE

          Report for the Calendar Year or Quarter Ended: June 30, 1999
                                 --------------
              Check here if Amendment [ ]; Amendment Number: ______

                        This Amendment (Check only one):
                              |_| is a restatement.
                         |_| adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name: ARIES DOMESTIC FUND, L.P.
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Address: 787 Seventh Avenue, 48th Floor
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         New York, NY  10019
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Form 13F File Number: 28-
                         -------------------------------------------------------

        The institutional  investment  manager filing this report and the person
by whom it is signed  hereby  represent  that the person  signing  the report is
authorized to submit it, that all information  contained herein is true, correct
and complete,  and that it is understood  that all required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:

Name: Lindsay A. Rosenwald, M.D.
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Title: Chairman of Paramount  Capital Asset  Management,  Inc.,  the  investment
       manager of The Aries Master Fund, a Cayman  Island  exempted  company and
       the General Partner of the Aries Domestic Fund, L.P.
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Phone: (212) 554-4300
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Signature, Place, and Date of Signing:

/s/ Lindsay A. Rosenwald
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[Signature]

New York, New York
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[City, State]

August 13, 1999
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[Date]

Report Type (Check only one):
| | 13F HOLDINGS REPORT.  (Check here if all holdings of this reporting  manager
are reported in this report.)
|X| 13F NOTICE.  (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting managers(s).)
|_| 13F  COMBINATION  REPORT.  (Check here if a portion of the holdings for this
reporting  manager are  reported  in this  report and a portion are  reported by
other reporting manager(s).)

<PAGE>


List of Other Included Managers:

        Provide a numbered  list of the name(s) and Form 13F file  number(s)  of
all  institutional  investment  managers  with  respect to which this  report is
filed,  other than the manager  filing this report.

None.

Pursuant to General  Instruction  2 to Form 13F, the  securities  over which The
Aries  Master  Fund,  a  Cayman  Island  Exempted  Company  exercies   invesment
discretion  and  over  which  Aries  Domestic  Fund,  L.P.  exercies  investment
discretion are reported on its behalf on the Form 13F-HR, of even date, filed by
Paramount Capital Management, Inc.




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