UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
CORNERSTONE PROPERTIES INC.
(Name of Issuer)
COMMON STOCK,
WITHOUT PAR VALUE
(Title of Class of Securities)
218916104
(CUSIP Number)
<TABLE>
<C> <C>
ROBERT LYNCH, ESQ. WITH COPIES TO:
MANAGING DIRECTOR DONALD P. MADDEN, ESQ.
DEUTSCHE BANK WHITE & CASE
NORTH AMERICA HOLDING CORP. 1155 AVENUE OF THE AMERICAS
31 WEST 52ND STREET NEW YORK, NY 10036
NEW YORK, NY 10019 212-819-8800
212-474-8600
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
</TABLE>
OCTOBER 27, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box ( ).
<PAGE>
SCHEDULE 13D
CUSIP No. [________]
<TABLE>
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deutsche Bank AG
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( )
(b) ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ( )
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY OWNED BY 0
EACH REPORTING PERSON WITH 8 SHARED VOTING POWER
68,779
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
3,571,822
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,571,822
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.29%
14 TYPE OF REPORTING PERSON
HC, BK, CO
</TABLE>
Item 1. Security and Issuer
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
Item 2. Identity and Background
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
Item 4. Purpose of the Transaction
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
Item 5. Interest in Securities of the Issuer
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is deleted in its entirety and replaced with the following:
(a) (i) DBAG may be deemed the beneficial owner of Common Stock
as set forth on the cover page.
(ii) Two members of the Board of Managing Directors (see Schedule
A) may be deemed the beneficial holders of shares of Common Stock, as follows;
Carl L. von Boehm-Bezing (1900 shares, constituting less than 0.01% of the
outstanding Common Stock) and Dr. Rolf-E. Breuer (1749 shares, constituting
less than 0.01% of the outstanding Common Stock). Such shares are held in
their personal accounts.
(b) (i) DBAG currently has a short position of 3,381 shares of
Common Stock in its proprietary trading accounts, and thus DBAG, acting alone,
has no voting or disposing power over any shares of Common Stock. Messrs. Von
Boehm-Bezing and Breuer may be deemed to have sole power to vote and dispose
of the 1900 shares and 1749 shares, respectively, of Common Stock held in
their personal accounts.
(ii) DBAG may be deemed to have shared power to vote or to direct
the vote of shares of Common Stock as set forth on the cover page.
In compliance with Item 5(b), the applicable information required by
Item 2 is provided below for each of the persons with whom DBAG may be deemed
to share the power to dispose of or to direct the disposition of Common Stock
and to vote shares or direct the vote of Common Stock as set forth on the
cover page.
Deutsche Bank (Suisse) S.A. is a wholly-owned subsidiary of DBAG.
Its principal business is banking, including asset management. It is
organized under the laws of Switzerland and the address of its principal place
of business is Place des Bergues 3, Case postale 1416, CH1211 Geneve 1,
Switzerland.
Deutsche Morgan Grenfell Inc. is an indirect wholly-owned subsidiary
of DBAG. Its principal business is as a registered broker-dealer. It is
organized under the laws of Delaware and the address of its principal place of
business is 31 West 52nd Street, New York, NY 10019.
Deutsche Bank Trust AG (formerly known as Grunelius KG
Privatbankiers) is a wholly-owned subsidiary of DBAG. Its principal business
is banking, including asset management. It is organized under the laws of
Germany and the address of its principal place of business is Mainzer Landstr.
18, 6035 Frankfurt am Main, Germany.
During the last five years, neither Deutsche Bank (Suisse) S.A.,
Deutsche Morgan Grenfell Inc. nor Deutsche Bank Trust AG has been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors)
or has been a party to a civil proceeding of a judicial or administrative body
<PAGE>
of competent jurisdiction as a result of which such person was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(c) During the past sixty days, the persons referred to in Item
5(a) acquired Common Stock in market transactions carried out as described in
Schedule B attached hereto.
(d) Dividends received by DBAG and its subsidiaries named herein on
Common Stock held in discretionary asset management accounts for their clients
and proceeds from the sale thereof are received for the benefit of such
clients.
(e) DBAG ceased to be the beneficial owner of more than five
percent of the Common Stock on October 27, 1997.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
The response to this item set forth in the Schedule 13D filed on
July 3, 1997 is incorporated herein by reference as if set forth in this
amendment in its entirety.
Item 7. Material to be filed as Exhibits:
Not Applicable.
<PAGE>
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: December 1, 1997
DEUTSCHE BANK AG
By:/s/Dieter Eisele
---------------------
Dieter Eisele
Title: Group Head of Compliance
By:/s/Rondal Eric Powell
---------------------
Rondal Eric Powell
Title: Vice President
<PAGE>
SCHEDULE A
I. DBAG
Each person named below is a director or executive officer of DBAG,
whose principal business is described above in Item 2.
<TABLE>
<CAPTION>
Present Principal
Name and Citizenship Business Address Occupation or Employment
<S> <C> <C>
Carl L. von Boehm-Bezing Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Rolf-E. Breuer Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Michael Dobson Deutsche Bank AG Member of the Board of Managing
United Kingdom Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Michael Endres Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Tessen von Heydebreck Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Jurgen Krumnow Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Georg Krupp Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Ronaldo H. Schmitz Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
<PAGE>
Dr. Josef Ackermann Deutsche Bank AG Member of the Board of Managing
Swiss Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
Dr. Ulrich Weiss Deutsche Bank AG Member of the Board of Managing
German Taunusanlage 12 Directors, Deutsche Bank AG
60325 Frankfurt
The Federal Republic of
Germany
</TABLE>
<PAGE>
SCHEDULE B
Following are the transactions in Common Stock effected by DBAG in
the past 60 days.
<TABLE>
<CAPTION>
COMPANY TRADE-DAY CAPACITY BUY/SELL AMOUNT CURRENCY PRICE
<S> <C> <C> <C> <C> <C> <C>
DEUTSCHE BANK AG, FRANKFURT
CORNERSTONE PROPERTIES INC. SHARES 9/8/97 Discretionary S 348 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Discretionary S 18 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Discretionary S 400 DEM 31.9500
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Discretionary S 1,000 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Discretionary S 500 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Principal B 6,074 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/8/97 Principal B 700 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Discretionary S 1,800 DEM 32.1000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Discretionary S 800 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Discretionary S 2,200 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Discretionary S 1,800 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Discretionary S 4,400 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Principal B 8,103 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Principal B 800 DEM 32.1000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Principal B 400 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 9/9/97 Principal B 1,721 USD 17.9370
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 1,000 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 500 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 800 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 800 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 567 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 400 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 400 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 80 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 600 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 500 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 543 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 400 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 50 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 300 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 400 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Discretionary S 800 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Principal B 1,725 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Principal B 5,800 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Principal B 34,227 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/10/97 Principal B 800 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 200 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 165 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 400 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 320 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 300 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 1,500 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 617 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 524 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 2,500 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 1,000 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 410 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 500 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 685 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 3,500 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 1,000 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 1,500 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 300 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 1,000 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 800 DEM 31.8000
<PAGE>
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 800 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 2,400 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Discretionary S 133 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal B 5,478 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal B 22,700 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal B 200 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal B 570 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal S 20,000 USD 18.0000
CORNERSTONE PROPERTIES INC.SHARES 9/11/97 Principal S 10,000 USD 17.8870
CORNERSTONE PROPERTIES INC.SHARES 9/12/97 Discretionary S 100 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/12/97 Principal B 1,700 DEM 31.6000
CORNERSTONE PROPERTIES INC.SHARES 9/12/97 Principal S 2,118 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 9/12/97 Principal S 6,380 USD 18.0000
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Discretionary B 1,500 USD 18.0630
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Discretionary S 300 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Principal S 5,000 USD 18.5930
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Principal S 5,000 USD 18.3120
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Principal S 5,000 USD 18.4370
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Principal S 5,000 USD 18.1870
CORNERSTONE PROPERTIES INC.SHARES 9/15/97 Principal S 20,000 USD 18.3280
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Discretionary S 100 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal B 9,000 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal B 2,200 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal B 10,000 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal S 21,200 USD 18.7500
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal S 10,000 USD 19.0270
CORNERSTONE PROPERTIES INC.SHARES 9/16/97 Principal S 10,000 USD 19.0620
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Discretionary S 200 DEM 33.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Discretionary S 200 DEM 33.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Discretionary B 1,500 USD 19.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Discretionary B 1,830 DEM 33.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Principal B 20,160 DEM 33.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Principal B 5,000 DEM 33.1000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Principal S 5,160 USD 19.0000
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Principal S 1,700 USD 19.6800
CORNERSTONE PROPERTIES INC.SHARES 9/17/97 Principal S 10,000 USD 19.1250
CORNERSTONE PROPERTIES INC.SHARES 9/18/97 Discretionary S 3,000 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 9/18/97 Discretionary S 1,300 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 9/18/97 Principal B 16,138 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 9/18/97 Principal S 4,438 USD 19.5000
CORNERSTONE PROPERTIES INC.SHARES 9/18/97 Principal S 10,000 USD 19.0000
CORNERSTONE PROPERTIES INC.SHARES 9/19/97 Principal B 11,143 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 9/19/97 Principal B 5,000 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 9/22/97 Discretionary S 1,500 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 9/22/97 Discretionary S 1,000 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 9/22/97 Principal S 4,680 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 9/22/97 Principal S 3,300 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 9/23/97 Discretionary S 629 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 9/23/97 Principal B 7,521 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 9/23/97 Principal B 588 DEM 33.2000
CORNERSTONE PROPERTIES INC.SHARES 9/23/97 Principal B 3,500 DEM 33.2000
CORNERSTONE PROPERTIES INC.SHARES 9/24/97 Discretionary S 500 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 9/24/97 Discretionary S 176 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/24/97 Principal B 4,000 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 9/24/97 Principal S 1,940 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/24/97 Principal S 200 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/25/97 Principal B 1,500 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 9/25/97 Principal S 590 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/26/97 Principal B 2,200 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 9/26/97 Principal S 4,742 USD 18.7500
CORNERSTONE PROPERTIES INC.SHARES 9/29/97 Principal B 1,000 DEM 32.8500
CORNERSTONE PROPERTIES INC.SHARES 9/29/97 Principal S 2,300 DEM 33.2500
CORNERSTONE PROPERTIES INC.SHARES 9/29/97 Principal S 400 DEM 33.3500
CORNERSTONE PROPERTIES INC.SHARES 9/29/97 Principal B 1,135 DEM 32.8500
CORNERSTONE PROPERTIES INC.SHARES 9/30/97 Principal B 9,700 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/30/97 Principal B 15 DEM 33.0000
<PAGE>
CORNERSTONE PROPERTIES INC.SHARES 9/30/97 Principal B 100 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 9/30/97 Principal S 14,250 USD 19.1250
CORNERSTONE PROPERTIES INC.SHARES 10/1/97 Principal B 300 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/2/97 Discretionary B 400 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/2/97 Discretionary S 64 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/2/97 Principal B 10,021 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/2/97 Principal S 10,321 USD 19.1870
CORNERSTONE PROPERTIES INC.SHARES 10/6/97 Principal B 7,600 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/6/97 Principal B 3,173 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/6/97 Principal S 1,300 DEM 34.3000
CORNERSTONE PROPERTIES INC.SHARES 10/7/97 Principal B 1,210 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 10/7/97 Principal B 600 DEM 33.6000
CORNERSTONE PROPERTIES INC.SHARES 10/7/97 Principal B 2,500 DEM 33.8000
CORNERSTONE PROPERTIES INC.SHARES 10/7/97 Principal S 700 USD 19.5620
CORNERSTONE PROPERTIES INC.SHARES 10/7/97 Principal S 5,000 USD 19.5620
CORNERSTONE PROPERTIES INC.SHARES 10/8/97 Discretionary B 500 DEM 34.0000
CORNERSTONE PROPERTIES INC.SHARES 10/8/97 Discretionary S 1,164 DEM 33.6000
CORNERSTONE PROPERTIES INC.SHARES 10/8/97 Principal B 1,647 DEM 33.6000
CORNERSTONE PROPERTIES INC.SHARES 10/8/97 Principal B 800 DEM 33.6000
CORNERSTONE PROPERTIES INC.SHARES 10/9/97 Principal B 13,855 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/9/97 Principal B 300 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/9/97 Principal S 785 USD 19.2500
CORNERSTONE PROPERTIES INC.SHARES 10/10/97 Principal S 1,400 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/10/97 Principal B 817 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Discretionary S 700 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Discretionary S 50 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Discretionary S 500 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Discretionary S 800 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Principal B 2,350 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Principal B 100 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Principal S 5,767 USD 19.1460
CORNERSTONE PROPERTIES INC.SHARES 10/13/97 Principal S 5,000 USD 19.3750
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Discretionary B 1,000 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Principal B 5,963 DEM 33.4000
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Principal B 2,900 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Principal B 700 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Principal S 4,563 USD 19.3120
CORNERSTONE PROPERTIES INC.SHARES 10/14/97 Principal S 5,000 USD 19.3750
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Discretionary S 3,000 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Discretionary S 1,500 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Discretionary S 75 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Discretionary S 800 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal B 1,592 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal B 18,829 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal B 11,900 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal S 16,650 USD 18.9370
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal S 20,000 USD 19.0980
CORNERSTONE PROPERTIES INC.SHARES 10/15/97 Principal S 20,000 USD 18.9020
CORNERSTONE PROPERTIES INC.SHARES 10/16/97 Principal B 4,589 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Discretionary S 12 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Discretionary S 4,700 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Discretionary B 900 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Discretionary B 350 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Discretionary B 400 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Principal B 25,163 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/17/97 Principal S 2,523 USD 19.3750
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Discretionary S 1,000 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Discretionary S 3,000 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Discretionary S 500 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Principal B 10,300 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Principal B 3,000 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Principal S 5,200 USD 19.2500
CORNERSTONE PROPERTIES INC.SHARES 10/20/97 Principal S 1,200 USD 19.2500
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal B 3,500 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal B 10,800 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal B 1,100 DEM 33.3000
<PAGE>
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal S 2,105 DEM 33.5000
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal S 1,366 DEM 33.7000
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal B 2,000 USD 18.8100
CORNERSTONE PROPERTIES INC.SHARES 10/21/97 Principal S 5,400 USD 18.9070
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Discretionary S 1,019 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Discretionary S 500 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal B 700 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal B 4,076 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal B 3,070 DEM 33.3000
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal S 5,670 USD 18.8800
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal S 10,000 USD 18.8750
CORNERSTONE PROPERTIES INC.SHARES 10/22/97 Principal S 5,800 USD 19.0080
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Discretionary S 1,000 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Discretionary S 2,000 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Discretionary S 3,800 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal B 500 DEM 32.3000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal S 1,200 DEM 33.0000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal B 4,307 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal B 4,153 DEM 32.6000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal B 10,700 DEM 32.8000
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal S 5,000 USD 18.7150
CORNERSTONE PROPERTIES INC.SHARES 10/23/97 Principal S 3,165 USD 18.7500
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Discretionary B 350 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Discretionary S 237 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Discretionary S 3,400 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Discretionary S 25 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Discretionary S 500 DEM 32.9500
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Principal B 862 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Principal S 800 DEM 32.9500
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Principal B 5,200 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Principal S 10,000 USD 18.7150
CORNERSTONE PROPERTIES INC.SHARES 10/24/97 Principal S 10,262 USD 18.7500
CORNERSTONE PROPERTIES INC.SHARES 10/27/97 Discretionary S 1,700 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 10/27/97 Discretionary S 87 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 10/27/97 Principal B 5,114 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 10/27/97 Principal B 3,000 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 10/27/97 Principal S 10,000 USD 18.4500
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Discretionary S 700 DEM 29.0000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Discretionary S 19 DEM 29.0000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Discretionary S 300 DEM 29.0000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Discretionary S 80 DEM 29.0000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Principal B 13,706 DEM 29.0000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Principal S 200 DEM 29.5000
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Principal S 16,600 USD 17.7150
CORNERSTONE PROPERTIES INC.SHARES 10/28/97 Principal S 7,100 USD 18.3400
CORNERSTONE PROPERTIES INC.SHARES 10/29/97 Discretionary B 1,600 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/29/97 Principal B 13,685 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/29/97 Principal S 3,000 USD 18.4940
CORNERSTONE PROPERTIES INC.SHARES 10/29/97 Principal S 6,585 USD 18.5000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Discretionary B 400 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Discretionary S 2,000 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Discretionary S 10 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Principal B 1,000 DEM 31.1000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Principal B 8,578 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 10/30/97 Principal B 2,700 DEM 30.7000
CORNERSTONE PROPERTIES INC.SHARES 10/31/97 Principal B 2,025 DEM 30.1000
CORNERSTONE PROPERTIES INC.SHARES 10/31/97 Principal S 10,000 USD 17.7000
CORNERSTONE PROPERTIES INC.SHARES 10/31/97 Principal S 2,000 USD 18.2770
CORNERSTONE PROPERTIES INC.SHARES 10/31/97 Principal S 8,000 USD 18.2150
CORNERSTONE PROPERTIES INC.SHARES 10/31/97 Principal S 6,323 USD 18.4000
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Discretionary S 1,000 DEM 31.9000
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Principal B 638 DEM 31.1000
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Principal B 10,000 DEM 31.0000
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Principal S 600 DEM 31.9000
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Principal S 5,038 USD 18.5620
CORNERSTONE PROPERTIES INC.SHARES 11/3/97 Principal S 10,000 USD 18.8120
<PAGE>
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Discretionary B 350 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Discretionary S 48 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Principal B 11,315 DEM 32.0000
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Principal B 1,200 DEM 31.8000
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Principal S 2,515 USD 18.8120
CORNERSTONE PROPERTIES INC.SHARES 11/4/97 Principal S 5,000 USD 19.0270
CORNERSTONE PROPERTIES INC.SHARES 11/5/97 Discretionary S 1,700 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 11/5/97 Discretionary S 45 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 11/5/97 Principal B 4,732 DEM 32.2000
CORNERSTONE PROPERTIES INC.SHARES 11/5/97 Principal S 5,000 USD 18.9020
CORNERSTONE PROPERTIES INC.SHARES 11/6/97 Principal B 2,916 DEM 32.5000
CORNERSTONE PROPERTIES INC.SHARES 11/6/97 Principal S 1,029 DEM 32.9000
CORNERSTONE PROPERTIES INC.SHARES 11/7/97 Principal B 2,373 DEM 32.2000
DEUTSCHE BANK (SUISSE) S.A., GENEVE
CORNERSTONE PROPERTIES INC.SHARES 20.10.1007 Discretionary B 50 DEM 32.6413
DEUTSCHE BANK TRUST AG, FRANKFURT
Nil transaction during the last 60 days.
DEUTSCHE MORGAN GRENFELL INC., NEW YORK
Nil transaction during the last 60 days.
</TABLE>
