SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1 )*
Security Capital Group Incorporated
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(Name of Issuer)
Class A Common Stock; par value $0.01 per share
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(Title of Class of Securities)
81413P1057
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(CUSIP Number)
December 31, 1998
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(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-(c)
[_] Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
<PAGE>
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Commerzbank AG, Grand Cayman Branch
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
-
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 shares of Class A Common Stock
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 shares of Class A Common Stock
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of Class A Common Stock
________________________________________________________________________________
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*
CO
________________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1.
(a) Name of Issuer: The name of the issuer is Security Capital Group
Incorporated.
(b) Address of Issuer's Principal Executive Offices: The address of the
issuer's principal executive office is 125 Lincoln Avenue, Santa Fe, New Mexico,
87501.
Item 2.
(a) Name of Person Filing: This Schedule is being filed by Commerzbank AG,
Grand Cayman Branch.
(b) Address of Principal Business Office:
2 World Financial Center
New York, NY 10281-1050
(c) Citizenship: Commerzbank AG is organized under the laws of the Federal
Republic of Germany.
(d) Title of Class of Securities: The title of the class of securities is
Class A Common Stock, par value $.01 per share.
(e) CUSIP Number: The CUSIP number is 81413P1057.
Item 3. This statement is filed pursuant to Rule 13d-1(c).
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Item 4. Ownership
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(a) Amount Beneficially Owned: Commerzbank AG, Grand Cayman Branch, has
beneficial ownership of 0 shares of the issuer's Class A Common Stock, par value
$0.01 per share.
(b)The percent of Class A Common Stock beneficially owned is 0%.
(c) Commerzbank AG, Grand Cayman Branch, (i) has sole power to vote or to
direct the vote of 0 shares; (ii) has shared power to vote or to direct the vote
of 0 shares; (iii) has sole power to dispose or to direct the disposition of 0
shares; and (iv) has shared power to dispose or to direct the disposition of 0
shares.
Item 5. Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner 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
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Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
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Not applicable.
Item 8. Identification and Classification of Members of the Group
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Not applicable.
Item 9. Notice of Dissolution of Group
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Not applicable.
Item 10. Certification
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Not applicable.
<PAGE>
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: March 23, 1999
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COMMERZBANK AG, GRAND CAYMAN BRANCH
By: /s/ James Henry /s/ Steven A. Troyer
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Signatures
Names: James Henry Steven A. Troyer
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Titles: Senior Vice President Vice President
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