<PAGE>
FORM 3
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)
- -------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Bankgesellschaft Berlin AG
- -----------------------------------------------------------
(Last) (First) (Middle)
Alexanderplatz 2
- -----------------------------------------------------------
(Street)
D-10178 Berlin Germany
- -----------------------------------------------------------
(City) (State) (Zip)
- -------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)
April 30, 1999
- -------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- -------------------------------------------------------------------------------
4. Issuer Name and Ticker of Trading Symbol
France Growth Fund, Inc. (FRF)
- -------------------------------------------------------------------------------
5. Relationship of Reporting Person(s) to Issuer
(Check applicable Line)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
--------------------------------------------------
--------------------------------------------------
- -------------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)
- -------------------------------------------------------------------------------
7. Individual or Joint/Group Filing
(Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Beneficially Owned
- --------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
Common Stock, par
value $.001 per share 1,544,900 D
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
(Over)
</TABLE>
<PAGE>
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 2
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
- ----------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of
Security (Inst. 4) cisable and Underlying Derivative Security sion or ship Indirect
Expiration (Instr. 4) Exercise Form of Beneficial
Date ----------------------------------- Price of Deriv- Ownership
(Month/Day/Year) Deriv- ative (Instr. 5)
--------------------- Amount ative Security:
of Security Direct
Date Expira- Title Number (D) or
Exer- tion of Indirect
cisable Date Shares (I)
(Instr. 5)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Bankgesellschaft Berlin AG
/s/ Dirk Kipp May 7, 1999
---------------------------------------- ------------------
Name: Dirk Kipp Date
Title: Director
/s/ Moritz Sell May 7, 1999
---------------------------------------- ------------------
Name: Moritz Sell Date
Title: Market Strategist
Page 3
