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Securities and Exchange Commission
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 4)
Scudder Spain and Portugal Fund, Inc.
(Name of Issuer)
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Common Stock, par value $.01 per share
(Title of Class of Securities)
- -------------------------------------------------------------------------------
811198100
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(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 30, 1998
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(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 4 Pages
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<TABLE>
<CAPTION>
CUSIP No.: 811198100 13D Page 2 of 4 Pages
<S> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------
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 (a) [ ]
OF A GROUP (b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
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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
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NUMBER OF 7 SOLE VOTING POWER 5,000
SHARES
BENEFICIALLY ------------------------------------------------------------------------------------------------
OWNED 8 SHARED VOTING POWER 0
BY EACH
REPORTING ------------------------------------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER 5,000
WITH
------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER 0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 5,000
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW [ ]
(11) EXCLUDES CERTAIN SHARES
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) *
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON BK
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Less than 1%
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This Amendment No. 4 amends and supplements Item 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"). As a result of the transaction reported
herein, the Bank is no longer obligated to file reports pursuant to Section
13(d) of the Securities Exchange Act of 1934, as amended, and the rules
thereunder.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(e) On September 30, 1998, the Bank exercised the redemption
rights offered to the stockholders of the Fund pursuant to the Redemption
Rights Statement, dated September 2, 1998, of the Fund and requested the
redemption of all of the shares of Common Stock then owned by the Bank (520,950
shares) in exchange for portfolio securities of the Fund. The Fund subsequently
delivered to the Bank the portfolio securities of the Fund to which the Bank
was entitled as a result of such redemption. As a result of the exercise of its
redemption rights, the Bank ceased to be the beneficial owner of more than five
percent of the outstanding shares of Common Stock. Subsequent to the exercise
of its redemption rights, the Bank purchased 5,000 shares of Common Stock in
the open market.
Page 3 of 4 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: October 27, 1998 BANKGESELLSCHAFT BERLIN AG
By: /s/ Gregory L. Melville
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Name: Gregory L. Melville
Title: Assistant Director
By: /s/ Moritz A. Sell
-----------------------------
Name: Moritz A. Sell
Title: Market Strategist
Page 4 of 4 Pages
