SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
SEC File Number 811-08865
CUSIP Number 001823202
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-FK
[ ] Form 11-K [ ] Form 10-Q and Form 10-QSB
[ X ] Form N-SAR
For Period Ended: June 30, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:____________________________
Read Attached Instruction Sheet Before Preparing Form. Please Print
or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification
relates:________________________
<PAGE>
PART I.-REGISTRANT INFORMATION
Full Name of Registrant (Former Name if Applicable)
ANZ Exchangeable Preferred Trust II
Address of Principal Executive Office (Street and Number)
c/o Puglisi & Associates
850 Library Avenue, Suite 204
Newark, Delaware 19715
PART II.-RULE 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
X
___ (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or expense;
___ (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
___ (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III.-NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The Bank of New York, Administrator of the Trust (the
"Administrator"), has not yet provided McGladry & Pullen LLP, the Trust's
accountants, a valuation for the Trust's forward purchase contract. As a
result, preparation of the Trust's Semi-Annual Report on Form N-SAR ("Form
N-SAR") for the period ended June 30, 1999 has been delayed.
Upon completion of the Trust's semi-annual financial statements, the
Trust's Form N-SAR and semi-annual report will be completed and filed with the
Securities and Exchange Commission.
PART IV.-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Betty A. Cocozza (212) 815-5366
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(Name) (Area code) (Telephone number)
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If answer
is no, identify report(s).
X
__ Yes __ No
Form N-SAR for the year ended December 31, 1998.
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
X
__ Yes __ No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
ANZ Exchangeable Preferred Trust II (Name of registrant as specified
in charter) has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 30, 1999
By: Donald J. Puglisi
Managing Trustee
