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Securities and Exchange Commission
Washington, D.C. 20549
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SCHEDULE 13D
(RULE 13d - 101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(AMENDMENT NO. 7)
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)
October 16, 1998
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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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<TABLE>
<CAPTION>
13D
CUSIP NO.: 290913102 PAGE 2 OF 4 PAGES
<S> <C> <C>
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 ITEMS 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 7. SOLE VOTING POWER 2,582,800
SHARES ------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY ------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER 2,582,800
REPORTING ------------------------------------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,582,800
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4%
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14. TYPE OF REPORTING PERSON BK
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</TABLE>
Page 2 of 4 Pages
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This Amendment No. 7 amends and supplements Item 3 and Item 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 2,154,600 shares of Common Stock reported in Item 5(a) was working
capital and aggregated approximately $28,313,114 (exclusive of commissions).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's proxy statement, dated March 16, 1998,
relating to the 1998 Annual Meeting of Stockholders states that, as of the
close of business on March 6, 1998, there were 14,008,334 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 2,582,800 shares of
Common Stock, which constitute approximately 18.4% 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 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
---- -------------------------- ---------------
September 17, 1998 10,000 $13.3125
October 8, 1998 10,000 11.0000
October 16, 1998 8,200 11.2500
October 16, 1998 400,000(1) 11.2500
(1) Made on the Mid-American Stock Exchange.
(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 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: October 23, 1998 Bankgesellschaft Berlin AG
By: /s/ Gregory Melville
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Name: Gregory L. Melville
Title: Assistant Director
By: /s/ Moritz A. Sell
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Name: Moritz A. Sell
Title: Market Stategist
Page 4 of 4 Pages
