MEMC ELECTRONIC MATERIALS INC
SC 13D/A, 1999-05-10
SEMICONDUCTORS & RELATED DEVICES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                         ------------------------------



                                  SCHEDULE 13D

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934 (1)
                                (Amendment No. 2)

                         MEMC Electronic Materials, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   552715 10 4
- -------------------------------------------------------------------------------
                                 (CUSIP Number)

- -------------------------------------------------------------------------------
                              Morton E. Grosz, Esq.
                             Chadbourne & Parke LLP
                              30 Rockefeller Plaza
                               New York, NY 10112
                                 (212) 408-5100
- -------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
                               and Communications)

                                 April 19, 1999
- -------------------------------------------------------------------------------
             (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  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. |_|

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.

(1) 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 disclosures provided in a prior cover page.

The information required on 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>
- ---------------------                                         ------------------
CUSIP No. 552715 10 4                 13D                     Page 2 of 6 Pages
- ---------------------                                         ------------------


- --------- ---------------------------------------------------------------------
   1
          NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)



          VEBA Aktiengesellschaft
- --------- --------------------------------------------------------------------
   2
          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            (a)  |_|

                                                                       (b)  |_|
- --------- ---------------------------------------------------------------------
   3
          SEC USE ONLY
- --------- ---------------------------------------------------------------------
   4
          SOURCE OF FUNDS*

          WC
- --------- ---------------------------------------------------------------------
   5
          CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
          TO ITEMS 2(d) or 2(e)                                             |_|
- --------- ---------------------------------------------------------------------
   6
          CITIZENSHIP OR PLACE OF ORGANIZATION

          Germany
- ------------------- ------- ---------------------------------------------------
                      7
    NUMBER OF               SOLE VOTING POWER

      SHARES                49,959,970
                    ------- ---------------------------------------------------
   BENEFICIALLY       8
                            SHARED VOTING POWER
     OWNED BY
                            -  0 -
                    ------- ---------------------------------------------------
       EACH           9
                            SOLE DISPOSITIVE POWER
    REPORTING
                            49,959,970
      PERSON        ------- ---------------------------------------------------
                      10
       WITH                 SHARED DISPOSITIVE POWER

                            - 0 -

- ------------------- ------- ---------------------------------------------------
11
          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          49,959,970
- --------- ----------------------------------------------------------------------
12
          CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES*                                                   |_|
- --------- ----------------------------------------------------------------------
13
          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          71.8%
- --------- ---------------------------------------------------------------------
14
          TYPE OF REPORTING PERSON*

          HC, CO
- --------- ---------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>
- ---------------------                                         ------------------
CUSIP No. 552715 10 4                 13D                     Page 3 of 6 Pages
- ---------------------                                         ------------------

- --------- ----------------------------------------------------------------------
1
          NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)



          VEBA Corporation   74-2183834
- --------- ----------------------------------------------------------------------
2
          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a)  |_|

                                                                   (b)  |_|
- --------- ---------------------------------------------------------------------
3
          SEC USE ONLY
- --------- ---------------------------------------------------------------------
4
          SOURCE OF FUNDS*

          WC, AF
- --------- ---------------------------------------------------------------------
5
          CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
          TO ITEMS 2(d) or 2(e)                                             |_|
- --------- ---------------------------------------------------------------------
6
          CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware
- ------------------- ------- ---------------------------------------------------
                      7
    NUMBER OF               SOLE VOTING POWER

      SHARES                21,490,942 (Does not include shares owned by any
                            other Reporting Person)
   BENEFICIALLY     ------- ----------------------------------------------------
                      8
                            SHARED VOTING POWER
     OWNED BY
                            -  0 -
                    ------- ---------------------------------------------------
        EACH          9
                            SOLE DISPOSITIVE POWER
     REPORTING
                            21,490,942 (Does not include shares owned by any
                            other Reporting Person)
                    ------- ---------------------------------------------------
      PERSON          10
                            SHARED DISPOSITIVE POWER
       WITH
                            - 0 -

- ------------------- ------- ---------------------------------------------------
11
          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          21,490,942 (Does not include shares owned by any other Reporting
           Person)
- --------- ---------------------------------------------------------------------
12
          CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES*                                                    |_|
- --------- ---------------------------------------------------------------------
13
          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          30.9% (Does not include shares owned by any other Reporting Person)
- --------- ---------------------------------------------------------------------
14
          TYPE OF REPORTING PERSON*

          HC, CO
- --------- ---------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>
- ---------------------                                         ------------------
CUSIP No. 552715 10 4                 13D                     Page 4 of 6 Pages
- ---------------------                                         ------------------



- --------- ---------------------------------------------------------------------
   1
          NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)



          VEBA Zweite Verwaltungsgesellschaft mbH
- --------- ---------------------------------------------------------------------
   2
          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a)  |_|

                                                                (b)  |_|
- --------- ---------------------------------------------------------------------
   3
          SEC USE ONLY
- --------- ---------------------------------------------------------------------
   4
          SOURCE OF FUNDS*

          AF
- --------- ---------------------------------------------------------------------
   5
          CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
          TO ITEMS 2(d) or 2(e)                                             |_|
- --------- ---------------------------------------------------------------------
6
          CITIZENSHIP OR PLACE OF ORGANIZATION

          Germany
- ------------------- ------- ---------------------------------------------------
                      7
    NUMBER OF               SOLE VOTING POWER

      SHARES                28,469,028 (Does not include shares owned by any
                            other Reporting Person)
                    ------- ---------------------------------------------------
                      8
   BENEFICIALLY             SHARED VOTING POWER

     OWNED BY               -  0 -
                    ------- ---------------------------------------------------
       EACH           9
                            SOLE DISPOSITIVE POWER
    REPORTING
                            28,469,028 (Does not include shares owned by any
                            other Reporting Person)
                    ------- ---------------------------------------------------
                      10
                            SHARED DISPOSITIVE POWER
      PERSON
                            - 0 -
       WITH
- ------------------- ------- ---------------------------------------------------
11
          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          28,469,028 (Does not include shares owned by any other
          Reporting Person)
- --------- ---------------------------------------------------------------------
12
          CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES*                                                   |_|
- --------- ---------------------------------------------------------------------
13
          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

          40.9% (Does not include shares owned by any other Reporting Person)
- --------- ---------------------------------------------------------------------
14
          TYPE OF REPORTING PERSON*

          HC, CO
- --------- ---------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>
- ---------------------                                         ------------------
CUSIP No. 552715 10 4                 13D                     Page 5 of 6 Pages
- ---------------------                                         ------------------


         This  Amendment No. 2 amends the Schedule 13D filed on October 30, 1998
(as amended by Amendment No. 1 filed on March 23, 1999,  the "Schedule  13D") by
(i) VEBA  Aktiengesellschaft,  a  German  corporation  ("VEBA  AG"),  (ii)  VEBA
Corporation, a Delaware corporation and a direct and indirect subsidiary of VEBA
AG,  and  (iii)  VEBA  Zweite  Verwaltungsgesellschaft  mbH,  a  German  limited
liability  company  and a  direct  wholly-owned  subsidiary  of VEBA  AG  ("VEBA
Zweite")  relating to the common  stock,  par value $0.01 per share (the "Common
Stock") of MEMC Electronic Materials,  Inc. a Delaware corporation.  Capitalized
terms used and not  defined  herein  have the  meanings  ascribed to them in the
Schedule 13D. Except as specifically amended hereby, the Schedule 13D remains in
full force and effect.

         Items 4 and 5 of the Schedule 13D are hereby  amended and  supplemented
by the following information:

         On April 19,  1999,  VEBA  Zweite  purchased,  pursuant  to the Standby
Agreement,  13,069,898  shares of Common Stock for a purchase price of $6.89 per
share.  As a  result  of this  purchase,  VEBA  Zweite  is the  record  owner of
28,469,028 shares of Common Stock, which shares constitute  approximately  40.9%
of the total number of outstanding  shares of Common Stock.  As a result of this
purchase,  VEBA AG beneficially  owns 49,959,970  shares of Common Stock,  which
shares constitute  approximately 71.8% of the total number of outstanding shares
of Common Stock.



<PAGE>
- ---------------------                                         ------------------
CUSIP No. 552715 10 4                 13D                     Page 6 of 6 Pages
- ---------------------                                         ------------------



                                    SIGNATURE

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

Date:  May 10, 1999                 VEBA Aktiengesellschaft


                                    By:  /s/  Dr. Klaus Gruendler
                                       ------------------------------------
                                    Name:  Dr. Klaus Gruendler
                                    Title:  Senior Vice President


                                    By:  /s/  Ulrich Hueppe
                                       ------------------------------------
                                    Name:  Ulrich Hueppe
                                    Title:  Executive Vice President


Date:  May 10, 1999                 VEBA Corporation


                                    By:  /s/  A. Paul Brandimarte, Jr.
                                       ------------------------------------
                                    Name:  A. Paul Brandimarte, Jr.
                                    Title:  Vice President


                                    By:  /s/  Dr. Heinz H. Puetthoff
                                       ------------------------------------
                                    Name:  Dr. Heinz H. Puetthoff
                                    Title:  President


Date:  May 10, 1999                 VEBA Zweite
                                    Verwaltungsgesellschaft mbH


                                    By:  /s/  Ulrich Hueppe
                                       ------------------------------------
                                    Name:  Ulrich Hueppe
                                    Title:  Director


                                    By:  /s/ Claus-Peter von der Fecht
                                       ------------------------------------
                                    Name:  Claus-Peter von der Fecht
                                    Title:  Prokurist


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