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Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 4)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
The Austria 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)
052587102
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(CUSIP Number)
Gregory L. Melville
Bankgesellschaft Berlin AG
Alexanderplatz 2
D-10178 Berlin
Germany
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 10, 1999
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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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CUSIP No.: 052587102 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. ID NO. OF ABOVE PERSON
Bankgesellschaft Berlin AG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
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NUMBER OF SOLE VOTING POWER 16,700
SHARES
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BENEFICIALLY SHARED VOTING POWER 0
OWNED
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BY EACH SOLE DISPOSITIVE POWER 16,700
REPORTING
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PERSON SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,700
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
*
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14 TYPE OF REPORTING PERSON BK
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* Less than 1%
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This Amendment No. 4 amends and supplements Items 3 and 5 of the
Schedule 13D of Bankgesellschaft Berlin AG (the "Bank") with respect to the
Common Stock, par value $.01 per share (the "Common Stock"), of The Austria
Fund, Inc. (the "Fund").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of the funds used by the Bank to purchase the 16,700 shares
of Common Stock reported in Item 5(a) was working capital and aggregated
approximately $179,859 (exclusive of commissions).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's proxy statement, dated November 23, 1998, relating to
the Annual Meeting of Stockholders of the Fund held on January 13, 1999 states
that, as of October 23, 1998, there were 11,703,031 shares of Common Stock
outstanding. In a press release dated January 15, 1999, the Fund stated that it
had repurchased approximately 32% of its outstanding shares. Accordingly, for
purposes of this Item 5(a) the Fund is assumed to have 7,958,062 shares of
Common Stock outstanding.
The Bank is the beneficial owner of 16,700 shares of Common Stock,
which constitute less than one percent 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) Since the filing of Amendment No. 3 to this Schedule 13D, the Bank
has effected the following purchases and sales of the shares of Common Stock,
all of which were made on the New York Stock Exchange.
Date Number of Shares Purchased or Sold Price Per Share
---- ---------------------------------- ---------------
March 10, 1999 380,000 (sale) $10.6250
March 15, 1999 50,000 (sale) 10.8750
March 15, 1999 200 (purchase) 10.7500
March 16, 1999 9,400 (purchase) 10.8125
(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) On March 10, 1999 the Bank ceased to be the owner of more than
five percent of the Common Stock.
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: March 19, 1999 BANKGESELLSCHAFT BERLIN AG
By: /s/ Gregory L. Melville
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Name: Gregory L. Melville
Title: Assistant Director
By: /s/ Moritz A. Sell
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Name: Moritz Sell
Title:
Page 4 of 4 Pages
