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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Deep Discount Advisors, Inc.
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(Last) (First) (Middle)
One West Pack Square, Suite 777
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(Street)
Asheville NC 28801
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
June 22, 1998
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
The Emerging Germany Fund, Inc. (FRG)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check all applicable)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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TABLE I--Non-Derivative Securities Beneficially Owned
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1. Title 2.Amount of 3.Ownership 4.Nature of
of Securities Securities Form Direct(D) Beneficial
Beneficially or Indirect(I) Ownership
Owned(Inst 4) (Instr 5) (Instr 5)
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Common Stock 2,062,950 I By Clients
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* If the form is filed by more than one person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
FORM 3 (continued)
TABLE II--Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
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1. Title of Derivative
Security (Instr. 4)
NONE
Explanation of Responses:
This is a joint filing by Deep Discount Advisors, Inc. and Ron Olin Investment
Management Company
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Deep Discount Advisors, Inc.
/s/ Ralph W. Bradshaw July 1, 1998
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Name: Ralph W. Bradshaw Date
Title: Secretary
Ron Olin Investment Management Company
One West Pack Square, Suite 777
Asheville, NC 28801
/s/ Ronald G. Olin July 1, 1998
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Name: Ronald G. Olin Date
Title: Partner
