EUROWEB INTERNATIONAL CORP
SC 13G/A, 2000-02-14
COMPUTER INTEGRATED SYSTEMS DESIGN
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  ____________

                                 SCHEDULE 13G/A

                                (Amendment No. 1)

                    Under the Securities Exchange Act of 1934

                           Euroweb International Corp
                                (Name of issuer)

                                  Common Stock
                         (Title of class of securities)

                                    298801101
                                 (CUSIP number)

                                December 31, 1999
             (Date of Event which requires filing of this Statement)

                 Check the appropriate box to designate the rule
                   pursuant to which this schedule is filed:

                               | | Rule 13d-1 (b)
                               |X| Rule 13d-1 (c)
                               | | Rule 13d-1 (d)




<PAGE>

                                       13G
CUSIP No. 298801101


 ---- -------------------------------------------------------------------------
| 1  |   NAME OF REPORTING PERSON                                              |
|    |   S.S. OR I.R.S.IDENTIFICATION NO. OF ABOVE PERSON                      |
|    |                                                                         |
|    |   Deutsche Bank A.G.                                                    |
 ---- -------------------------------------------------------------------------
| 2  |   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a) |_| |
|    |                                                                 (b) |_| |
 ---- -------------------------------------------------------------------------
| 3  |   SEC USE ONLY                                                          |
|    |                                                                         |
 ---- -------------------------------------------------------------------------
| 4  |   CITIZENSHIP OR PLACE OF ORGANIZATION                                  |
|    |                                                                         |
|    |   Federal Republic of Germany                                           |
- -------------------------------------------------------------------------------
| NUMBER       | 5  |   SOLE VOTING POWER                                      |
| OF           |    |   0                                                      |
 ------------------------------------------------------------------------------
| SHARES       |    |                                                          |
| BENEFICIALLY | 6  |   SHARED VOTING POWER                                    |
| OWNED        |    |   0                                                      |
 ------------------------------------------------------------------------------
| BY           |    |                                                          |
| EACH         | 7  |   SOLE DISPOSITIVE POWER                                 |
| REPORTING    |    |   0                                                      |
 ------------------------------------------------------------------------------
| PERSON       |    |                                                          |
| WITH         | 8  |   SHARED DISPOSITIVE POWER                               |
|              |    |                                                          |
 ------------------------------------------------------------------------------
| 9  | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON            |
|    |                                                                         |
|    | 0                                                                       |
 ---- -- ----------------------------------------------------------------------
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES                   |
|    | CERTAIN SHARES                                                |_|       |
 ---- -------------------------------------------------------------------------
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                       |
|    |                                                                         |
|    | 0%                                                                      |
 ---- -------------------------------------------------------------------------
| 12 | TYPE OF REPORTING PERSON                                                |
|    |                                                                         |
|    | HC, BK, CO                                                              |
 ---- -------------------------------------------------------------------------

<PAGE>

Item 1(a).          Name of Issuer:

                    Euroweb International Corp (the "Issuer")

Item 1(b).          Address of Issuer's Principal Executive Offices:

                    The address of the Issuer's  principal  executive offices is
                    445 Park Avenue, 15th Floor, New York, New York 10022.

Item 2(a).          Name of Person Filing:

                    This  statement is filed on behalf of Deutsche Bank AG ( the
                    "Reporting  Person").  This  Schedule  13G/A is being  filed
                    pursuant to Rule 13d-2(b).

Item 2(b).          Address of Principal Business Office or, if none, Residence:

                    The principal  place of business of the Reporting  Person is
                    Taunusanlage  12,  D-60325,   Frankfurt  am  Main,   Federal
                    Republic of Germany.

Item 2(c).          Citizenship:

                    The citizenship of the Reporting  Person is set forth on the
                    cover page.

Item 2(d).          Title of Class of Securities:

                    The title of the  securities  is Common  Stock (the  "Common
                    Stock").

Item 2(e).          CUSIP Number:

                    The  CUSIP  number of the  Common  Stock is set forth on the
                    cover page.

Item 3

                    If this  statement is filed pursuant to Rules  13d-1(b),  or
                    13d-2(b) or (c), check whether the person filing is a:

                    (a) |_| Broker or dealer  registered under section 15 of the
                            Act;

                    (b) |_| Bank as defined in section 3(a)(6) of the Act;

                    (c) |_| Insurance  Company as defined in section 3(a)(19) of
                            the Act;

                    (d) |_| Investment Company registered under section 8 of the
                            Investment Company Act of 1940;

                    (e) |_| An investment  adviser in accordance with Rule 13d-1
                            (b)(1)(ii)(E);

                    (f) |_| An  employee  benefit  plan,  or  endowment  fund in
                            accordance with Rule 13d-1 (b)(1)(ii)(F);

                    (g) |_| A  parent  holding  company  or  control  person  in
                            accordance with Rule 13d-1 (b)(1)(ii)(G);

                    (h) |_| A savings  association as defined in section 3(b) of
                            the Federal Deposit Insurance Act;

                    (i) |_| A church plan that is excluded  from the  definition
                            of an  investment  company  under  section  3(c)(14)
                            of the Investment Company Act of 1940;

                    (j) |_| Group, in accordance with Rule 13d-1 (b)(1)(ii)(J).

                    If this statement is filed pursuant to Rule 13d-1 (c), check
                    this box. |X|

Item 4.  Ownership.

                    (a) Amount beneficially owned:

                    The Reporting  Person owns the amount of the Common Stock as
                    set forth on the cover page.

                    (b) Percent of class:

                    The Reporting Person owns the percentage of the Common Stock
                    as set forth on the cover page.

                    (c) Number of shares as to which such person has:

                        (i) sole power to vote or to direct the vote:

                        The  Reporting  Person  has the  sole  power  to vote or
                        direct the vote of the Common  Stock as set forth on the
                        cover page.

                        (ii) shared power to vote or to direct the vote:

                        The  Reporting  Person has the  shared  power to vote or
                        direct the vote of the Common  Stock as set forth on the
                        cover page.

                        (iii) sole power to dispose or to direct the disposition
                        of:

                        The  Reporting  Person  has the sole power to dispose or
                        direct the  disposition of the Common Stock as set forth
                        on the cover page.

                        (iv)   shared   power  to   dispose  or  to  direct  the
                        disposition of:

                        The Reporting  Person has the shared power to dispose or
                        direct the  disposition of the Common Stock as set forth
                        on the cover page.

Item 5              Ownership of Five Percent or Less of a Class.

                    If this  statement is being filed to report the fact that as
                    of the date hereof the  reporting  persons have ceased to be
                    the beneficial owners of more than five percent of the class
                    of securities check the following [x].

Item 6.             Ownership  of More than Five  Percent  on Behalf of  Another
                    Person.

                    Not applicable.

Item 7              Identification  and  Classification  of the Subsidiary Which
                    Acquired  the  Security  Being  Reported  on by  the  Parent
                    Holding Company.

                    Not applicable.

Item 8.             Identification and Classification of Members of the Group.

                    Not applicable.

Item 9.             Notice of Dissolution of Group.

                    Not applicable.

Item 10.            Certification.

                    By signing below I certify that, to the best of my knowledge
                    and  belief,  the  securities  referred  to  above  were not
                    acquired  and are not  held for the  purpose  of or with the
                    effect of changing or influencing  the control of the issuer
                    of the  securities and were not acquired and are not held in
                    connection  with  or as a  participant  in  any  transaction
                    having that purpose or effect.
<PAGE>
                                    SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

Dated:  February 14, 2000




                                      DEUTSCHE BANK AG



                                      By:/s/ Dr. Dieter Eisele
                                         ---------------------------------------
                                         Name:   Dr. Dieter Eisele
                                         Title:  Group Head of Compliance



                                      By:/s/ Dr. Rainer Grimberg
                                         ---------------------------------------
                                         Name:   Dr. Rainer Grimberg
                                         Title:  Vice President






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