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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. 3)
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)
January 8, 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 10 Pages
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CUSIP No.: 052587102 13D Page 2 of 10 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 437,100
SHARES
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BENEFICIALLY SHARED VOTING POWER 0
OWNED
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BY EACH SOLE DISPOSITIVE POWER 437,100
REPORTING
PERSON SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 437,100
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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) 5.5%
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14 TYPE OF REPORTING PERSON BK
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Page 2 of 10 Pages
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This Amendment No. 3 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"). In addition, this Amendment No. 3 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 the 437,100
shares of Common Stock reported in Item 5(a) was working capital and aggregated
approximately $4,783,833 (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 30, 1998, there were 11,703,031 shares of Common Stock
outstanding. In a press release dated January 15, 1998, the Fund stated that it
had repurchased approximately 32% of its 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 437,100 shares of Common Stock,
which constitute approximately 5.5% 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
sales of the shares of Common Stock, all of which were made on the New York
Stock Exchange.
Date Number of Shares Sold Price Per Share
- ----------------- ------------------------------ -------------------
December 16, 1998 110,000 $10.9375
January 8, 1999 127,400 10.5625
January 11, 1999 80,000 10.5625
January 12, 1999 150,000 10.5625
(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.
Page 3 of 10 Pages
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(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 4 of 10 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: January 19, 1999 BANKGESELLSCHAFT BERLIN AG
By: /s/ Gregory L. Melville
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Name: Gregory L. Melville
Title: Assistant Director
By: /s/ Moritz Sell
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Name: Moritz Sell
Title: Market Strategist
Page 5 of 10 Pages
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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
Name and Address Principal Occupation
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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 Troebinger Member of the Managing Board of Bankgesellschaft
Berlin AG
Page 6 of 10 Pages
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EXECUTIVE OFFICERS
Name and Address Principal Occupation
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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
Otto-Braun Str. 90
10249 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
Page 7 of 10 Pages
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Name and Address Principal Occupation
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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 Stoechel 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
Guenter Laubner Managing Director of Bankgesellschaft Berlin
AG
Page 8 of 10 Pages
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Name and Address Principal Occupation
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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
Page 9 of 10 Pages
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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 10 of 10 Pages
