<PAGE>
Securities and Exchange Commission
Washington, D.C. 20549
-------------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
Scudder Spain and Portugal Fund, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
811198100
- ------------------------------------------------------------------------------
(CUSIP Number)
Gregory L. Melville
Bankgesellschaft Berlin AG
Alexanderplatz 2
D-10178 Berlin
Germany
- ------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 2, 1998
- ------------------------------------------------------------------------------
(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 1 of 9 Pages
<PAGE>
CUSIP No.: 811198100 13D Page 2 of 9 Pages
- -------------------- -----------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. ID NO. OF ABOVE PERSON
Bankgesellschaft Berlin AG
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL [ ]
PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
- -------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER 662,850
SHARES -------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER 0
OWNED -------------------------------------------------------
BY EACH SOLE DISPOSITIVE POWER 662,850
REPORTING -------------------------------------------------------
PERSON SHARED DISPOSITIVE POWER 0
WITH
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 662,850
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW [ ]
(11) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 10.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON BK
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<PAGE>
This Amendment No. 2 amends and supplements Items 3 and 5 of the
Schedule 13D of Bankgesellschaft Berlin AG (the "Bank") with respect to the
shares of Common Stock, par value $.01 per share (the "Common Stock"), of
Scudder Spain and Portugal Fund, Inc. (the "Fund"). In addition, this Amendment
No. 2 restates in its entirety Annex A of the Schedule 13D of the Bank. Annex A
sets forth the name business address, and principal occupation of each director
and executive officer of Bank and the name, address, jurisdiction of
incorporation and principal business of each shareholder of the Bank who may be
deemed to be in control of the Bank.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of the funds used by the Bank to purchase shares
of Common Stock listed in Item 5(a) was working capital. The amount of the
funds used to purchase such shares aggregated approximately $9,305,392
(exclusive of commissions).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's Schedule 13E-4 filed with the Securities and
Exchange Commission on September 2, 1998 states that there are 6,511,154 shares
of Common Stock outstanding. The percentage set forth in this Item 5(a) was
derived using such number.
The Bank is the beneficial owner of 662,850 shares of Common
Stock, which constitute approximately 10.2% of the outstanding shares of Common
Stock.
(b) The Bank has sole power to vote and to dispose of the
shares of Common Stock owned by it.
(c) During the last sixty days, the Bank has effected the
following purchases in the shares of Common Stock. Purchases were made on the
New York Stock Exchange, except as otherwise indicated.
Date Number of Shares Purchased Price Per Share
- ------------------- -------------------------- ---------------
August 25, 1998 20,000 $17.4375
September 2, 1998 15,500 16.0565
(d) No person other than the Bank has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the
sale of, the shares of Common Stock owned by the Bank.
(e) It is inapplicable to state the date on which the Bank
ceased to be the beneficial owner of more than five percent of the Common
Stock.
Page 3 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Date: September 15, 1998 BANKGESELLSCHAFT BERLIN AG
By: /s/ Gregory L. Melville
-------------------------------
Name: Gregory L. Melville
Title: Assistant Director
By: /s/ Moritz A. Sell
-------------------------------
Name: Moritz A. Sell
Title:
Page 4 of 9 Pages
<PAGE>
ANNEX A
Unless otherwise indicated, the business address for all
individuals listed in this Annex A is Bankgesellschaft Berlin AG,
Alexanderplatz 2, 10178 Berlin Federal Republic of Germany.
MEMBERS OF THE MANAGING BOARD
<TABLE>
<CAPTION>
Name and Address Principal Occupation
- ---------------- --------------------
<S> <C>
Dr. Wolfgang Rupf Speaker of the Managing Board of Bankgesellschaft
Berlin AG
Norbert Pawlowski Member of the Managing Board of Bankgesellschaft
Berlin AG
Hans Leukers Member of the Managing Board of Bankgesellschaft
Berlin AG
Leopold Trobinger Member of the Managing Board of Bankgesellschaft
Berlin AG
Page 5 of 9 Pages
<PAGE>
EXECUTIVE OFFICERS
</TABLE>
<TABLE>
<CAPTION>
Name and Address Principal Occupation
- ---------------- --------------------
<S> <C>
Christian Krueger Managing Director of Bankgesellschaft Berlin
Bankgesellschaft Berlin AG AG
Konzern-Finanzen und Beteiligungen
Hardenbergstrasse 32
10623 Berlin
Federal Republic of German
Willi Boehmer Managing Director of Bankgesellschaft Berlin
AG
Peter Koenig Managing Director of Bankgesellschaft Berlin
AG
Hans Joachim Bley Managing Director of Bankgesellschaft Berlin
AG
Jochen W. Sawahn Managing Director of Bankgesellschaft Berlin
AG
Dr. Joachim Preussner Managing Director of Bankgesellschaft Berlin
AG
Heinrich Honerlage Managing Director of Bankgesellschaft Berlin
Konzern-Revision AG
Bankgesellschaft Berlin AG
13355 Berlin
Federal Republic of Germany
Stefan Traegler Managing Director of Bankgesellschaft Berlin
Handels Controlling AG
Bankgesellschaft Berlin AG
13355 Berlin
Federal Republic of Germany
Artur Fischer Managing Director of Bankgesellschaft Berlin
Konzern-Organisation AG
Bankgesellschaft Berlin AG
Brunnestrasse 111
13355 Berlin
Federal Republic of Germany
</TABLE>
Page 6 of 9 Pages
<PAGE>
<TABLE>
<CAPTION>
Name and Address Principal Occupation
- ---------------- --------------------
<S> <C>
Helmut Ramthun Managing Director of Bankgesellschaft Berlin
Konzern-Organisation AG
Bankgesellschaft Berlin AG
Brunnestrasse 111
13355 Berlin
Federal Republic of Germany
Joachim Antczack Managing Director of Bankgesellschaft Berlin
AG
Wolfgang Storchel Managing Director of Bankgesellschaft Berlin
AG
Heinz-Dieter Gottschalk Managing Director of Bankgesellschaft Berlin
AG
Jochen Zimmermann Managing Director of Bankgesellschaft Berlin
AG
Frank-Michael Boenke Managing Director of Bankgesellschaft Berlin
AG
Georg-Heinrich Sieveking Managing Director of Bankgesellschaft Berlin
AG
Hadi Saidi Managing Director of Bankgesellschaft Berlin
AG
Gerhard Richter Managing Director of Bankgesellschaft Berlin
AG
Zoe Shaw Managing Director of Bankgesellschaft Berlin
Asset-Backed Transaktionen AG
Bankgesellschaft Berlin AG
London Branch
1 Crown Court
Cheapside
London EC2V 6JP
Dr. Karl-Friedrich Hirschhaeuser Managing Director of Bankgesellschaft Berlin
AG
Gunther Laubner Managing Director of Bankgesellschaft Berlin
AG
</TABLE>
Page 7 of 9 Pages
<PAGE>
<TABLE>
<CAPTION>
Name and Address Principal Occupation
- ---------------- --------------------
<S> <C>
Mr. David Clark General Manager of Bankgesellschaft Berlin AG
Bankgesellschaft Berlin AG
London Branch
1 Crown Court
Cheapside
London EC2V 6JP
Dr. Erik Blahut Managing Director of Bankgesellschaft Berlin
AG
Serge Demoliere Managing Director of Bankgesellschaft Berlin
AG
Hans-Werner Wilms Managing Director of Bankgesellschaft Berlin
AG
Tim Kettemann Managing Director of Bankgesellschaft Berlin
AG
Bruno Schmidt-Voss Managing Director of Bankgesellschaft Berlin
AG
Cord-Friedrich Koening Managing Director of Bankgesellschaft Berlin
AG
</TABLE>
Page 8 of 9 Pages
<PAGE>
SHAREHOLDERS WHO MAY BE DEEMED TO CONTROL THE BANK
The following shareholders of the Bank may be deemed to
control the Bank:
The City of Berlin
Gothaer Beteiligungsgesellschaft, an affiliate of an insurance company formed
under the laws of the Federal Republic of Germany, whose principal address is
Lutzowstrasse 89, 10785 Berlin, Germany, and whose principal shareholders are
Gothaer Versicherungs Bank AG (principal office: Gothaer Allee 1, 50672, Koln,
Germany), Gothaer Lebenversicherung AG (principal office: Gothaer Platz 2-8,
37069 Gottingen, Germany) and Norddeutsche Landesbank Girozentrale NORD/LB
(principal address is Georgplatz 1, D-30159, Hannover, Germany).
Norddeutsche Landesbank Girozentrale NORD/LB, a bank formed under the laws of
the Federal Republic of Germany, whose principal address is Georgplatz 1,
D-30159, Hannover, Germany.
Page 9 of 9 Pages
