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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES
ACT OF 1933
ATTENTION: Transmit for filing 3 copies of this form concurrently with
either placing an order with a broker to execute sale or
executing a sale directly with a market maker.
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1. (a) NAME OF ISSUER (Please type or print)
THE AUSTRIA FUND, INC.
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(b) IRS IDENT. NO.
13-3529777
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(c) S.E.C. FILE NO.
811-05736
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(d) ADDRESS OF ISSUER
1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
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(STREET) (CITY) (STATE) (ZIP CODE)
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(e) TELEPHONE NO.
(212) 969-1000
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(AREA CODE) (NUMBER)
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2. (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
BANK AUSTRIA AKTIENGESELLSCHAFT
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(b) SOCIAL SECURITY NO. OR I.R.S. IDENT. NO.
98-0119946
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(c) RELATIONSHIP TO ISSUER
10% STOCKHOLDER
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(d) ADDRESS
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VORDERE ZOLLAMTSSTRASSE 13 A-1030 VIENNA AUSTRIA
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(STREET) (CITY) (STATE) (ZIP CODE)
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the S.E.C. File Number.
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3(a) (b) (c) (d)
Title of the Name and Address of S.E.C. USE ONLY Number of Aggregate
Class of Each Broker Through --------------- Shares or Market
Securities Whom the Securities Broker-Dealer Other Units Value
To Be Sold are to be Offered or File Number To Be Sold (See
Each Market Maker (See instr. instr. 3(d))
who is Acquiring 3(d))
the Securities
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COMMON PAINE WEBBER INCORPORATED 200,000 $1,987,500
STOCK 1111 BAGBY STREET SUITE 5100
HOUSTON, TX 77002-9960
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(e) (f) (g)
Number of Shares Approximate Date Name of Each
or Other Units of Sale (See Securities
Outstanding instr. 3(f)) Exchange
(See instr. 3(e)) (MO., DAY, YR.) (See instr. 3(g))
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7,947,357 May 10, 1999 New York Stock Exchange
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INSTRUCTIONS:
1. (a) Name of issuer
(b) Issuer's I.R.S. Identification Number
(c) Issuer's S.E.C. file number, if any
(d) Issuer's address, including zip code
(e) Issuer's telephone number, including area code
2. (a) Name of person for whose account the securities are
to be sold
(b) Such person's Social Security or I.R.S.
identification number
(c) Such person's relationship to the issuer (e.g.,
officer, director, 10% stockholder, or member
of immediate family of any of the foregoing)
(d) Such person's address, including zip code
3. (a) Title of the class of securities to be sold
(b) Name and address of each broker through whom the
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securities are intended to be sold
(c) Number of shares or other units to be sold (if debt
securities, give the aggregate face amount)
(d) Aggregate market value of the securities to be sold
as of a specified date within 10 days prior to the
filing of this notice
(e) Number of shares or other units of the class
outstanding, or if debt securities the face amount
thereof outstanding, as shown by the most recent
report or statement published by the issuer
(f) Approximate date on which the securities are to be
sold
(g) Name of each securities exchange, if any, on which
the securities are intended to be sold
(8/96)
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TABLE I--SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the
securities to be sold and with respect to the payment of all or any part
of the purchase price or other consideration therefor:
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Title of Date You Nature of Name of Person Amount of Date of Nature
the Class Acquired Acquisition From Whom Securities Payment of Payment
Transaction Acquired (If Acquired
gift, also
give date
donor acquired)
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COMMON March 4, OPEN MARKET OPEN MARKET In excess March 9,
STOCK 1999 PURCHASES PURCHASES of 200,000 1999 CASH
and and
March 5, March 10,
1999 1999
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INSTRUCTIONS:
1. If the securities were purchased and full payment therefor was not made in
cash at the time of purchase, explain in the table or in a note thereto
the nature of the consideration given. If the consideration consisted of
any note or other obligation, or if payment was made in installments
describe the arrangement and state when the note or other obligation was
discharged in full or the last installment paid.
2. If within two years after the acquisition of the securities the person for
whose account they are to be sold had any short positions, put or other
option to dispose of securities referred to in paragraph (d)(3) of Rule
144, furnish full information with respect thereto.
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TABLE II--SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer
sold during the past 3
months by the person for whose account the securities are to be sold.
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Name and Address Title of Securities Sold Date of Sale Amount of Gross
Securities Proceeds
Sold
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REMARKS:
INSTRUCTIONS:
See the definition of "person" in paragraph (a) of Rule 144. Information is to
be given not only as to the person for whose account the securities are to be
sold but also as to all other persons included in that definition. In
addition, information shall be given as to sales by all persons whose sales
are required by paragraph (e) of Rule 144 to be aggregated with sales for the
account of the person filing this notice.
April 23, 1999
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DATE OF NOTICE
ATTENTION:
The person for whose account the securities to which this notice relates are
to be sold hereby represents by signing this notice that he does not know any
material adverse information in regard to the current and prospective
operations of the Issuer of the securities to be sold which has not been
publicly disclosed.
BANK AUSTRIA AKTIENGESELLSCHAFT
BY: PETER RENNER, DEPUTY GENERAL MANAGER
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(SIGNATURE)
The notice shall be signed by the person for whose account the securities are
to be sold. At least one copy of the notice shall be manually signed. Any
copies not manually signed shall bear typed or printed signatures.
ATTENTION: INTERNATIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
(8/96)
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