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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. 1)
The Emerging Germany Fund Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
290913102
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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)
May 19, 1997
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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 5 Pages
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CUSIP No.: 290913102 13D Page 2 of 5 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 (a) [ ]
OF A GROUP (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 1,154,800
SHARES
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BENEFICIALLY SHARED VOTING POWER 0
OWNED
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BY EACH SOLE DISPOSITIVE POWER 1,154,800
REPORTING
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PERSON SHARED DISPOSITIVE POWER 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED 1,154,800
BY EACH REPORTING PERSON
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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 8.2%
AMOUNT IN ROW (11)
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14 TYPE OF REPORTING PERSON BK
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Page 2 of 5 Pages
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This Amendment No. 1 amends and supplements Items 3 and 5 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
292,900 shares of Common Stock reported in Item 5(c) was working capital and
aggregated approximately $2,820,693.50 (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 1,154,800 shares of Common Stock,
which constitute approximately 8.2% 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 9, 1997, the date of the filing of its initial filing of
a 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
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May 12, 1997 3,000 $9.375
May 13, 1997 400 (1) 9.41 (2)
May 15, 1997 2,000 (1) 9.38 (2)
May 16, 1997 100,000 9.625
May 19, 1997 151,300 9.625
May 21, 1997 2,500 (1) 9.40 (2)
May 21, 1997 30,000 9.75
May 22, 1997 3,000 (1) 9.53 (2)
May 27, 1997 700 (1) 9.56 (2)
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(1) Purchased on the Berlin Stock Exchange.
(2) Rounded to the nearest cent after converting from West German Deutsche
marks to U.S. dollars at prevailing exchange rates.
Page 3 of 5 Pages
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(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 5 Pages
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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: May 27, 1997 Bankgesellschaft Berlin AG
By: /s/ E. Joseph Carrico
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Name: E. Joseph Carrico
Title: Director
By: /s/ Gregory L. Melville
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Name: Gregory L. Melville
Title: Assistant Director
Page 5 of 5 Pages
