<PAGE>
Securities and Exchange Commission
Washington, D.C. 20549
------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
The Emerging Germany Fund Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.001 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
290913102
- -------------------------------------------------------------------------------
(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)
August 8, 1997
- -------------------------------------------------------------------------------
(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 6 Pages
<PAGE>
CUSIP NO. 290913102 13D PAGE 2 OF 6 PAGES
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION 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 ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
- ------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 1,349,900
SHARES ------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY ------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 1,349,900
REPORTING ------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER 0
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,349,900
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.6%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON BK
- -------------------------------------------------------------------------------
Page 2 of 6 Pages
<PAGE>
This Amendment No. 2 amends and supplements Item 3, Item 5 and Exhibit A of the
Schedule 13D of Bankgesellschaft Berlin AG (the "Bank") with respect to the
shares of Common Stock, par value $.001 per share (the "Common Stock"), of The
Emerging Germany Fund Inc. (the "Fund").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of the funds used by the Bank to purchase the
195,100 shares of Common Stock reported in Item 5(c) was working capital and
aggregated approximately $2,084,407 (exclusive of commissions).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's proxy statement, dated March 17, 1997, relating to the
1997 Annual Meeting of Stockholders states that, as of the close of business on
March 7, 1997, there were 14,008,304 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 1,349,900 shares of Common Stock,
which constitute approximately 9.6% 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 May 27, 1997, the date of the filing of Amendment No. 1 to
the Schedule 13D relating to its ownership of shares of Common Stock, the Bank
has effected the following purchases in the shares of Common Stock, all of
which were made on the New York Stock Exchange, except as indicated:
Date Number of Shares Purchased Price Per Share
- ------------------ ------------------------------ ---------------------
May 30, 1997 1,300(1) $ 8.9402(2)
June 24, 1997 4,400 10.0625
June 26, 1997 10,000 10.2469
June 27, 1997 200(1) 9.5109(2)
June 27, 1997 800 10.1250(2)
July 16, 1997 10,000 10.6875
July 17, 1997 500(1) 10.3261(2)
July 21, 1997 14,000 10.5804
July 22, 1997 21,000 10.7500
July 23, 1997 30,000 11.0208
August 4, 1997 1,000 10.6250
August 7, 1997 10,000 10.8750
August 8, 1997 40,000 10.7500
Page 3 of 6 Pages
<PAGE>
Date Number of Shares Purchased Price Per Share
- ------------------ ------------------------------ ---------------------
August 11, 1997 19,000 10.7500
August 12 1997 5,000 10.7500
August 13, 1997 18,500 10.4872
August 14, 1997 9,400 10.4375
- --------------
(1) Purchased on the Berlin Stock Exchange.
(2) Rounded to the nearest one one-hundredth of a cent after converting from
West German Deutsche marks to U.S. dollars at prevailing exchange rates.
(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 4 of 6 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Date: August 15, 1997 Bankgesellschaft Berlin AG
By: /s/ E. Joseph Carrico
-------------------------------
Name: E. Joseph Carrico
Title: Director
By: /s/ Gregory L. Melville
-------------------------------
Name: Gregory L. Melville
Title: Assistant Director
Page 5 of 6 Pages
<PAGE>
EXHIBIT A
Karl Lotter no longer serves as a member of the Managing Board of the Bank.
Dr. Dietrich Beier no longer serves as a Managing Director of the Bank.
Page 6 of 6 Pages
