DEUTSCHE BANK AG\
SC 13D, 1997-08-07
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                                 ____________

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934


                         SGL Carbon Aktiengesellschaft               
                               (Name of Issuer)

                       Ordinary Shares, nominal value DM 5 per share           
              
                        (Title of Class of Securities)

                                 784188203                             
                                (CUSIP Number)
 Robert Lynch, Esq.                with copies to:
 Managing Director                 Donald P. Madden, Esq.
 Deutsche Bank                     White & Case
 North America                     1155 Avenue of the
 Holding Corp.                     Americas
 31 West 52nd Street               New York, NY 10036
 New York, NY 10019                212-819-8800
 212-474-8600


  (Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)





                                 June 5, 1996
         ____________________________________________________________
            (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 which is the subject of this Schedule 13D, and is
<PAGE>
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box (  ).
<PAGE>
                                 SCHEDULE 13D
<TABLE>
                                            
   CUSIP No. 784188203                                        Page 2 of ___ Pages


  <S>     <C>

   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
            Deutsche Bank AG
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                       (a) ( )
                                                                                                 (b) ( )

   3      SEC USE ONLY 


   4      SOURCE OF FUNDS
            OO

   5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                   ( )
          PURSUANT TO ITEMS 2(d) or 2(e)
   6      CITIZENSHIP OR PLACE OF ORGANIZATION
            Federal Republic of Germany

  NUMBER OF SHARES BENEFICIALLY     7      SOLE VOTING POWER
  OWNED BY EACH REPORTING PERSON             135,595
  WITH 
                                    8      SHARED VOTING POWER
                                             1,725,740*
                                    9      SOLE DISPOSITIVE POWER
                                             144,315

                                    10     SHARED DISPOSITIVE POWER
                                             2,466,246*

   11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            2,610,561*
  12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES                                                                             ( )

  13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            12.42%*

  14      TYPE OF REPORTING PERSON

            HC, BK, CO
</TABLE>
      *    Includes shares which may be deemed beneficially owned under
Section 13(d) of the Securities Exchange Act of 1934 by the Reporting Person,
but over which the Reporting Person, under applicable law or corporate norms,
is prohibited from exercising voting or dispositive power.
<PAGE>
                                 SCHEDULE 13D
<TABLE>
                                            
   CUSIP No. 784188203                                        Page 3 of ___ Pages


  <S>     <C>

   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
            Morgan Grenfell Asset Management Limited
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                       (a) ( )
                                                                                                 (b) ( )

   3      SEC USE ONLY 


   4      SOURCE OF FUNDS
            OO

   5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                                   ( )
          PURSUANT TO ITEMS 2(d) or 2(e)
   6      CITIZENSHIP OR PLACE OF ORGANIZATION
            England

  NUMBER OF SHARES BENEFICIALLY     7      SOLE VOTING POWER
  OWNED BY EACH REPORTING PERSON             0
  WITH 
                                    8      SHARED VOTING POWER
                                             869,374
                                    9      SOLE DISPOSITIVE POWER
                                             0

                                    10     SHARED DISPOSITIVE POWER
                                             1,509,261

   11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            1,509,261
  12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
          CERTAIN SHARES                                                                             ( )

  13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
            7.18%

  14      TYPE OF REPORTING PERSON
            HC, IA
</TABLE>
<PAGE>

 
ITEM 1.   SECURITY AND ISSUER

          This  statement on  Schedule  13D relates  to  the ordinary  shares,
nominal  value  DM  5  per  share  (the  "Ordinary  Shares"),  of  SGL  Carbon
Aktiengesellschaft  ("SGL"),  the principal  executive  offices  of which  are
located at Rheingaustrasse 182, Wiesbaden, Germany 65203.  In some cases, such
Ordinary Shares are  represented by American Depositary  Shares ("ADSs"), each
of which is equivalent to one-third of one Ordinary Share.   References herein
to Ordinary Shares are  references also to ADRs  unless the context  otherwise
requires.


ITEM 2.   IDENTITY AND BACKGROUND

          This  statement on Schedule 13D  is being filed by  Deutsche Bank AG
("DBAG") and  Morgan Grenfell Asset  Management Limited ("MGAM"  and, together
with DBAG, the "Reporting Persons").

          The principal business  of DBAG  is the provision  of financial  and
related  services.  DBAG  is the  largest banking  institution in  the Federal
Republic of Germany and is the  parent company of a group consisting of banks,
capital  market and  fund management  companies, mortgage  banks and  property
finance  companies,  installment financing  and  leasing  companies, insurance
companies,  research and consultancy companies  and other companies.   DBAG is
organized under the laws of  the Federal Republic of Germany, and  the address
of its principal place of business  is Taunusanlage 12, D-60325, Frankfurt  am
Main, Germany.

          MGAM is a wholly-owned  subsidiary of DBAG.  The  principal business
of MGAM  is as an  investment management holding  company.  MGAM  is organized
under the laws of England and Wales, and the address of its principal place of
business is 20 Finsbury Circus, London EC2M 1NB, England.

          The  attached Schedule  A is  a list  of the executive  officers and
directors of the  Reporting Persons which  contains the following  information
with respect  to each  such person:   (i) name;  (ii) business  address; (iii)
present  principal occupation or  employment and the  name, principal business
and address of any corporation or other organization in which  such employment
is conducted; and (iv) citizenship.

          During the  last five years, none  of the Reporting  Persons and, to
the best  knowledge of  the Reporting  Persons, none of  the persons  named on
Schedule  A  hereto has  been convicted  in  a criminal  proceeding (excluding
traffic violations or  similar misdemeanors) or  has been a  party to a  civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such person was  or is subject to a judgment,  decree or final
order  enjoining future violations of,  or prohibiting or mandating activities
subject to,  federal or state  securities laws or  finding any  violation with
respect to such laws.

          This  Schedule 13D  does not  describe certain  intermediate holding
companies  within the Deutsche Bank  group structure.   Such holding companies
exercise  no  material  influence  over  the  voting  or  disposition  of  the
securities covered  by this Schedule 13D,  except to the extent  that they may
have officers and directors in common with the companies described herein.


ITEM 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

          Since the initial public offering of  the ADRs in 1996, DBAG and the
affiliated DBAG  Managers (as such  term is  defined in the  response to  Item
5(b)) have purchased ADRs and  Ordinary Shares in open  market transactions at
prevailing market prices.  During such period the market price of the Ordinary
Shares ranged from a high  of DM 250 to a low of DM 55.  The purchases of ADRs
<PAGE>
and Ordinary  Shares occurred in the  ordinary course of business  of DBAG and
the DBAG Managers.  As a result  of such purchases, DBAG is now the beneficial
owner of  135,595 shares  purchased with  its  own funds  for its  proprietary
trading  accounts  and 8,720  shares purchased  with  client funds  for client
discretionary accounts.

          Since the  initial public  offering of the  ADRs in  1996, the  DBAG
Managers, MGAM and the MGAM Managers (as such  term is defined in the response
to  Item  5(b))  purchased Ordinary  Shares  in  open  market transactions  at
prevailing market prices.  During  such period, market prices for the Ordinary
Shares  ranged from a high  of DM 250 to  a low of DM 55.   The purchases were
made  by the DBAG  Managers and the  MGAM Managers for  investment accounts or
asset management portfolios over which they exercise investment discretion.


ITEM 4.   PURPOSE OF THE TRANSACTION

          DBAG,  the DBAG Managers and the MGAM Managers acquired the Ordinary
Shares  in the  ordinary course of  their business as  investment companies or
investment  management companies.  DBAG also purchased Ordinary Shares for its
proprietary trading account.

          None of the  Reporting Persons and, to the best  knowledge of any of
the Reporting  Persons, none of the persons  set forth on Schedule  A, has any
current plans  or proposals that relate to or would result in (a) the acquisi-
tion  by any  person of  additional securities  of SGL  or the  disposition of
securities  of  SGL; (b)  an extraordinary  corporate  transaction, such  as a
merger, reorganization or liquidation of SGL or any of its subsidiaries; (c) a
sale  or transfer  of  a material  amount  of  assets of  SGL  or any  of  its
subsidiaries; (d) any change  in the present board of directors  or management
of SGL,  including any  plans or  proposals to  change the  number or  term of
directors or  to fill any  existing vacancies on  the board; (e)  any material
change in  the present capitalization or dividend policy of SGL; (f) any other
material change in SGL's business or corporate structure; (g) changes in SGL's
charter, by-laws  or instruments corresponding thereto, or other actions which
may impede  the acquisition of  the control of  SGL by any person;  (h) any of
SGL's securities being delisted from a national securities exchange or ceasing
to  be authorized  to  be quoted  in  an inter-dealer  quotation  system of  a
registered national securities association; (i) any of SGL's equity securities
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange  Act of 1934, as amended; or (j) any action similar
to any of those enumerated above.

          Notwithstanding  the   foregoing,  the  Reporting   Persons,  acting
directly or through the DBAG Managers or the MGAM Managers, may  in the future
determine  to acquire  additional Ordinary  Shares or  to dispose  of Ordinary
Shares  in  the ordinary  course of  their  business as  investment management
companies.


ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER

          (a)  (i)    DBAG may  be deemed  the  beneficial owner  of 2,610,561
Ordinary  Shares, constituting  beneficial ownership  of 12.42%  of  the total
outstanding Ordinary  Shares, based on 21,011,400  Ordinary Shares outstanding
as of April 2, 1997.  However, for the reasons described below, DBAG disclaims
beneficial ownership with  respect to the 956,985 Ordinary Shares  held by the
DBAG Managers.

          (ii)  MGAM may be deemed  the beneficial owner of 1,509,261 Ordinary
Shares, constituting beneficial  ownership of 7.18%  of the total  outstanding
Ordinary Shares as of April 2, 1997.

          (b)  (i)   DBAG may  be deemed to have  sole power to  dispose of or
direct the disposition of 144,315 Ordinary Shares owned by it directly, and to
have sole power to vote or direct the vote of 135,595 Ordinary Shares.
<PAGE>
          DBAG may be deemed to have shared power to dispose of or  direct the
disposition of 956,985 Ordinary Shares held  by the DBAG Managers, and to have
shared power to vote or direct the vote of 856,366 Ordinary Shares held by the
DBAG Managers.  However,  under German law in the case of DWS,  DVG and Degef,
and under  corporate norms in  the case of  DBIM and DBAM, DBAG  is prohibited
from exercising dispositive  or voting  power with respect  to any  securities
held  by the DBAG Managers.  Thus,  DBAG disclaims beneficial ownership of the
Ordinary Shares held by the DBAG Managers.

          In  addition, DBAG may be deemed to  have shared power to dispose of
or direct the  disposition of 1,509,261 Ordinary Shares and  to vote or direct
the vote of 869,374 Ordinary Shares due to its indirect ownership of MGAM. 

          The names of the DBAG Managers with whom DBAG may be deemed  to have
shared  voting or  dispositive  power as  described  in the  second  preceding
paragraph are set forth in the following five paragraphs.

          Deutsche Bank Investment Management  S.A. ("DBIM") is a wholly-owned
subsidiary of  DBAG.   The  principal business  of DBIM  is  as an  investment
management company.   DBIM is organized under the laws  of Luxembourg, and the
address of  its principal place of  business is 2,  Boulevard Konrad Adenauer,
L1115 Luxembourg.

          Deutsche Asset Management GmbH ("DBAM") is a wholly-owned subsidiary
of DBAG.    The principal  business of  DBAM is  as  an investment  management
company.  DBAM is organized  under the laws of Germany, and the address of its
principal place of business is Bockenheimer Landstrasse 42, 60323 Frankfurt am
Main, Germany.

          Deutsche Gesellschaft fur Wertpapiersparen  mbH ("DWS") is a wholly-
owned subsidiary of DBAG.   The principal business of DWS  is as an investment
company.  DWS is  organized under the laws of Germany, and the  address of its
principal  place of business is Gruneburgweg 113-115, 60323 Frankfurt am Main,
Germany.

          Deutsche Vermogensbildungsgesellschaft  mbH  ("DVG"), is  a  wholly-
owned  subsidiary of DBAG.  The principal business  of DVG is as an investment
company.  DVG is organized under the laws  of Germany, and the address of  its
principal  place of business is  Feldbergstrasse 22, 60323  Frankfurt am Main,
Germany.

          Deutsche  Gesellschaft  fur  Fondsverwaltung  mbH  ("Degef"),  is  a
wholly-owned subsidiary of  DBAG.  The  principal business of  Degef is as  an
investment company.   Degef is  organized under the  laws of Germany,  and the
address of its  principal place  of business is  Bockenheimer Landstrasse  42,
60323 Frankfurt am Main, Germany.

          DBIM, DBAM, DWS, DVG and  Degef are collectively referred to in this
schedule as the "DBAG Managers".

          (ii)  MGAM may  be deemed to have shared power  with DBAG to dispose
of  or direct  the disposition  of 1,509,261  Ordinary Shares  and to  vote or
direct the vote of  869,374 Ordinary Shares  beneficially owned by it  through
its ownership and control of the MGAM Managers.

          (c)   During  the past  sixty  days, DBAG  acquired  or disposed  of
beneficial ownership of  Ordinary Shares  as a result  of market  transactions
carried out by DBAG and the DBAG Managers.  Such transactions are set forth in
Schedule B attached hereto.  

          During  the past sixty days, MGAM acquired or disposed of beneficial
ownership of Ordinary Shares as a result of market transactions carried out by
the  MGAM Managers.   Such transactions are  set forth in  Schedule B attached
hereto.  

          (d)   Except for the Ordinary Shares held by DBAG in its proprietary
<PAGE>
account,  dividends received on Ordinary Shares described in this Schedule 13D
and proceeds from the  sale thereof are received for the benefit of clients or
investment funds on whose behalf such Ordinary Shares have been acquired.

          (e)   Not applicable.


ITEM 6.   CONTRACTS,  ARRANGEMENTS,  UNDERSTANDINGS   OR  RELATIONSHIPS   WITH
          RESPECT TO SECURITIES OF THE ISSUER

          None  of the Reporting  Persons and,  to the  best knowledge  of the
Reporting Persons,  none of the individuals  identified in Schedule A  has any
contract,  arrangement, understanding  or  relationship with  any person  with
respect to any security of SGL. 


ITEM 7.   Material to be filed as Exhibits:

   Exhibit No.                   Description

         1               Consent of Morgan Grenfell Asset Management Limited
<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:  August 1, 1997

                              DEUTSCHE BANK AG


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

                              By: /s/ Rondal Eric Powell
                                 --------------------------
                                 Name:  Rondal Eric Powell
                                 Title:  Vice President
<PAGE>


                                                                    SCHEDULE A




I.   DBAG

          Each person named below is  a director or executive officer of DBAG,
whose principal business is described above in Item 2.
<TABLE>
                                                                                                       Present Principal
             Name and Citizenship                           Business Address                       Occupation or Employment

 <S>                                            <C>                                        <C>
 Carl L. von Boehm-Bezing                       Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Dr. Rolf-E. Breuer                             Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Michael Dobson                                 Deutsche Bank AG                           Member of the Board of Managing
 United Kingdom                                 Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany
 Dr. Michael Endres                             Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Dr. Tessen von Heydebreck                      Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany
 Dr. Jurgen Krumnow                             Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Georg Krupp                                    Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Dr. Ronaldo H. Schmitz                         Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany
 Dr. Josef Ackermann                            Deutsche Bank AG                           Member of the Board of Managing
 Swiss                                          Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany

 Dr. Ulrich Weiss                               Deutsche Bank AG                           Member of the Board of Managing
 German                                         Taunusanlage 12                            Directors, Deutsche Bank AG
                                                60325 Frankfurt
                                                The Federal Republic of Germany
</TABLE>
<PAGE>

II.  MGAM


          Each person named below is a  director or executive officer of MGAM,
whose principal business is described above in Item 2.
<TABLE>
                                                                                                 Present Principal Occupation or
          Name and Citizenship                             Business Address                                 Employment


 <S>                                     <C>                                                  <C>
 David W. Baldt                          Morgan Grenfell Capital                              Member of the Board of Managing
 American                                Management Incorporated                              Directors, Morgan Grenfell Asset
                                         1435 Walnut Street                                   Management Limited
                                         4th Floor 
                                         Philadelphia, PA 19102, USA

 Graham D. Bamping                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Henry C. Benson                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Colin M. Brown                          Morgan Grenfell Development                          Member of the Board of Managing
 British                                 Capital Limited                                      Directors, Morgan Grenfell Asset
                                         23 Great Winchester Street                           Management Limited
                                         London, England
                                         EC2P 2AX

 Michael Bullock                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Simon J. Cooke                          Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB


 Anthony J. Creighton                    Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 David T. Cumming                        Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, 
                                         20 Finsbury Circus                                   Morgan Grenfell Asset
                                         London, England                                      Management Limited
                                         EC2M 1NB
 Richard M. Curling                      Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
<PAGE>
 Charles Z. Curtis                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Roger J. Curtis                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Susanna F. Davies                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Michael W.R. Dobson                     Deutsche Morgan Grenfell Group Plc                   Chairman of the Board of Managing
 British                                 23 Great Winchester Street                           Directors, Morgan Grenfell Asset
                                         London, England                                      Management Limited
                                         EC2P 2AX

 Patrick W.W. Disney                     Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Ernst L. Drayss                         Deutsche Bank AG                                     Member of the Board of Managing
 German                                  Taunusanlage 12                                      Directors, Deutsche Asset Management
                                         60325 Frankfurt                                      GmbH 
                                         The Federal Republic of Germany

 Neil R. Dunford                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 William P. Dwerryhouse                  Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 James G. Fox                            Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Charles J.M. Franklin                   Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Adrian C. Frost                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
<PAGE>
 James C.W. Goulding                     Morgan Grenfell Investment                           Member of the Board
 British                                 Management (Asia) Ltd                                of Managing 
                                         20 Raffles Place                                     Directors, Morgan
                                         #25-08 Ocean Towers                                  Grenfell Asset
                                         Singapore 0104                                       Management Limited

 Martin A. Hall                          Morgan Grenfell Capital                              Member of the Board of Managing
 British                                 Management Incorporated                              Directors, Morgan Grenfell Asset
                                         1435 Walnut Street                                   Management Limited
                                         4th Floor 
                                         Philadelphia, PA 19102, USA
 Gerald V. Hough                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Julian R. Johnston                      Morgan Grenfell Asset                                Member of the Board of Managing
 American/French                         Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Ian D. Kelson                           Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Peter Lees                              Morgan Grenfell Asset                                Member of the Board
 British                                 Management Limited                                   of Managing 
                                         20 Finsbury Circus                                   Directors, Morgan
                                         London, England                                      Grenfell Asset
                                         EC2M 1NB                                             Management Limited

 Jeremy G. Lodwick                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 The Honourable Charles Martyn-          Morgan Grenfell Asset                                Member of the Board
 Hemphill                                Management Limited                                   of Managing Directors, Morgan
 British                                 20 Finsbury Circus                                   Grenfell Asset Management Limited
                                         London, England
                                         EC2M 1NB

 P. McNaughton                           Morgan Grenfell Asset                                Member of the Board 
 Irish                                   Management (Ireland)                                 of Managing Directors, Morgan
                                         Limited                                              Grenfell Asset Management Limited
                                         Georges Dock House
                                         International Financial Centre
                                         1 Dublin
                                         Ireland

 William G. Michie                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Herbert K. Michel                       Deutsche Bank AG                                     Member of the Board of Managing
 German                                  Taunusanlage 12                                      Directors, Deutsche Gesellschaft fur
                                         60323 Frankfurt                                      Fondsverwaltung mbH
                                         The Federal Republic of Germany
<PAGE>
 James E. Minnick                        Morgan Grenfell Capital                              Member of the Board of Managing
 American                                Management Incorporated                              Directors, Morgan Grenfell Asset
                                         885 Third Avenue                                     Management Limited
                                         32nd Floor
                                         New York, NY  10022-4802 USA


 Stuart W. Mitchell                      Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Roger P. Morris                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Norman L. Murray                        Morgan Grenfell Asset Management Limited             Member of the Board
 British                                 20 Finsbury Circus                                   of Managing Directors, Morgan
                                         London, England                                      Grenfell Asset Management Limited
                                         EC2M 1NB

 Christopher M. Phillips                 Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors,
                                         20 Finsbury Circus                                   Morgan Grenfell Asset Management
                                         London, England                                      Limited
                                         EC2M 1NB
 James A.J. Pulsford                     Deutsche Morgan Grenfell                             Member of the Board of Managing
 British                                 Asset Management (Japan)                             Directors, Morgan Grenfell Asset
                                         Ltd, 19th Floor, Akasaka Park Building, 5-2-20       Management Limited
                                         Akasaka,
                                         Minato-Ku, Tokyo 107

 Diane Seymour-Williams                  Morgan Grenfell Asset Management Limited             Member of the Board of Managing
 British                                 20 Finsbury Circus                                   Directors, Morgan Grenfell Asset
                                         London, England                                      Management Limited
                                         EC2M 1NB
 Robert H. Smith                         Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 William G.M. Thomas                     Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB

 Patrick N.C. Walker                     Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
 Anthony Wilkinson                       Morgan Grenfell Asset                                Member of the Board of Managing
 British                                 Management Limited                                   Directors, Morgan Grenfell Asset
                                         20 Finsbury Circus                                   Management Limited
                                         London, England
                                         EC2M 1NB
<PAGE>
 Hitoshi Yamamoto                        Deutsche Morgan Grenfell                             Member of the Board of Managing
 Japanese                                Asset Management (Japan)                             Directors, Morgan Grenfell Asset
                                         Ltd, 19th Floor, Akasaka Park                        Management Limited
                                         Building, 5-2-20 Akasaka,
                                         Minato-Ku, Tokyo 107
</TABLE>
<PAGE>

                                                                    SCHEDULE B


     I.   Following are the  transactions in Ordinary Shares  effected by DBAG
and the DBAG Managers in the past 60 days.

<TABLE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 <S>                       <C>           <C>                <C>         <C>           <C>          <C>
 Deutsche Bank AG
 SGL Carbon AG                  10.07       Principal           S              200        DEM         245,00 
 SGL Carbon AG                  10.07       Principal           S              500        DEM         245,00 
 SGL Carbon AG                  10.07       Principal           S              100        DEM         246,00 
 SGL Carbon AG                   9.07       Principal           B              400        DEM         250,00 
 SGL Carbon AG                   9.07       Principal           B             8600        DEM         250,00 
 SGL Carbon AG                   9.07       Principal           S             1700        DEM         250,00 
 SGL Carbon AG                   9.07       Principal           B              100        DEM         249,00 
 SGL Carbon AG                   9.07       Principal           B              400        DEM         249,00 
 SGL Carbon AG                   9.07     Discretionary         S              100        DEM         252,50 
 SGL Carbon AG                   9.07     Discretionary         S              100        DEM         252,50 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         249,00 
 SGL Carbon AG                   8.07       Principal           B             1000        DEM         249,50 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         249,50 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         249,50 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              600        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         252,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         253,00 
 SGL Carbon AG                   8.07       Principal           B             1000        DEM         253,50 
 SGL Carbon AG                   8.07       Principal           B             1400        DEM         253,50 
 SGL Carbon AG                   8.07       Principal           B              600        DEM         253,50 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              300        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              200        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         254,80 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B             1000        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B              300        DEM         255,50 
 SGL Carbon AG                   8.07       Principal           B              500        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              200        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              300        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              200        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         253,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         253,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         253,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         253,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         254,50 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         254,50 
 SGL Carbon AG                   8.07       Principal           B              200        DEM         254,50 
 SGL Carbon AG                   8.07       Principal           B             2800        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         255,00 
 SGL Carbon AG                   8.07       Principal           B             1000        DEM         251,50 
 SGL Carbon AG                   8.07       Principal           B              800        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           B              100        DEM         254,00 
 SGL Carbon AG                   8.07       Principal           S              200        DEM         247,90 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   8.07       Principal           S             1000        DEM         251,50 
 SGL Carbon AG                   8.07       Principal           B              400        DEM         252,00 
 SGL Carbon AG                   8.07       Principal           B              300        DEM         250,50 
 SGL Carbon AG                   8.07       Principal           S              300        DEM         250,00 
 SGL Carbon AG                   8.07       Principal           B             2000        DEM         254,50 
 SGL Carbon AG                   8.07       Principal           S              400        DEM         253,50 
 SGL Carbon AG                   7.07       Principal           B              200        DEM         245,50 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         245,50 
 SGL Carbon AG                   7.07       Principal           B              800        DEM         246,00 
 SGL Carbon AG                   7.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         246,00 
 SGL Carbon AG                   7.07       Principal           B              100        DEM         246,50 
 SGL Carbon AG                   7.07       Principal           B              400        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              100        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              300        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              800        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         247,10 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         247,30 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         247,50 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         247,60 
 SGL Carbon AG                   7.07       Principal           B              200        DEM         247,70 
 SGL Carbon AG                   7.07       Principal           B              300        DEM         247,70 
 SGL Carbon AG                   7.07       Principal           B              400        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              800        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B             1000        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              100        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              100        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              200        DEM         248,00 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         246,50 
 SGL Carbon AG                   7.07       Principal           B             5000        DEM         247,20 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,50 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,50 
 SGL Carbon AG                   7.07       Principal           B              300        DEM         247,75 
 SGL Carbon AG                   7.07       Principal           B              700        DEM         247,75 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,75 
 SGL Carbon AG                   7.07       Principal           B              500        DEM         247,80 
 SGL Carbon AG                   7.07       Principal           B             1600        DEM         246,50 
 SGL Carbon AG                   7.07       Principal           B             5000        DEM         246,50 
 SGL Carbon AG                   7.07       Principal           B             2800        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           B             2000        DEM         247,00 
 SGL Carbon AG                   7.07       Principal           S              500        DEM         247,50 
 SGL Carbon AG                   7.07       Principal           S             1000        DEM         247,10 
 SGL Carbon AG                   7.07       Principal           S             1000        DEM         247,60 
 SGL Carbon AG                   7.07       Principal           S              500        DEM         248,10 
 SGL Carbon AG                   7.07     Discretionary         S              100        DEM         247,00 
 SGL Carbon AG                   7.07     Discretionary         S              400        DEM         247,00 
 SGL Carbon AG                   4.07       Principal           B              300        DEM         244,00 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         244,00 
 SGL Carbon AG                   4.07       Principal           B              300        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              500        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              200        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              300        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B              300        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              400        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              400        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              200        DEM         244,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   4.07       Principal           B              500        DEM         244,00 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         244,50 
 SGL Carbon AG                   4.07       Principal           B             2000        DEM         244,50 
 SGL Carbon AG                   4.07       Principal           B              500        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              300        DEM         244,50 
 SGL Carbon AG                   4.07       Principal           B              500        DEM         244,50 
 SGL Carbon AG                   4.07       Principal           B              200        DEM         244,50 
 SGL Carbon AG                   4.07       Principal           B              900        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B               27        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B               10        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B                2        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B               70        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B               95        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              296        DEM         245,00 
 SGL Carbon AG                   4.07       Principal           B              400        DEM         244,00 
 SGL Carbon AG                   4.07       Principal           S              500        DEM         244,80 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              900        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B              200        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B              500        DEM         245,50 
 SGL Carbon AG                   4.07       Principal           B             1000        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B             3800        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   4.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   4.07     Discretionary         S              100        DEM         245,50 
 SGL Carbon AG                   3.07       Principal           S              100        DEM         243,00 
 SGL Carbon AG                   3.07       Principal           S              500        DEM         243,50 
 SGL Carbon AG                   3.07       Principal           B              500        DEM         241,50 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,00 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,00 
 SGL Carbon AG                   3.07       Principal           B              500        DEM         242,50 
 SGL Carbon AG                   3.07       Principal           B             1000        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B             1000        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              500        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B             1000        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               35        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              100        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               31        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              900        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              100        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              100        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              300        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               10        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               10        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               15        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               50        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               65        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B               83        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              100        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              170        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              175        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              195        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              200        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              270        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              276        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              315        DEM         242,52 
 SGL Carbon AG                   3.07       Principal           B              900        DEM         242,52 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   2.07       Principal           B              500        DEM         243,70 
 SGL Carbon AG                   2.07       Principal           B              400        DEM         244,00 
 SGL Carbon AG                   2.07       Principal           B              400        DEM         244,00 
 SGL Carbon AG                   2.07       Principal           B              500        DEM         246,00 
 SGL Carbon AG                   2.07       Principal           B              100        DEM         246,00 
 SGL Carbon AG                   2.07       Principal           B              800        DEM         246,10 
 SGL Carbon AG                   2.07       Principal           B             1000        DEM         242,00 
 SGL Carbon AG                   2.07       Principal           B             1000        DEM         244,00 
 SGL Carbon AG                   2.07       Principal           B              500        DEM         244,50 
 SGL Carbon AG                   2.07       Principal           B             1000        DEM         245,00 
 SGL Carbon AG                   2.07       Principal           B              600        DEM         246,00 
 SGL Carbon AG                   2.07       Principal           B              200        DEM         247,00 
 SGL Carbon AG                   2.07       Principal           B              400        DEM         243,00 
 SGL Carbon AG                   2.07       Principal           B              246        DEM         243,00 
 SGL Carbon AG                   2.07       Principal           B               54        DEM         243,00 
 SGL Carbon AG                   2.07       Principal           B              300        DEM         243,00 
 SGL Carbon AG                   2.07       Principal           B             1000        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              600        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B             1000        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              500        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              354        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              500        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B             1700        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              900        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B             1600        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              100        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              100        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              100        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B                6        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B               50        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              145        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              175        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              200        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              270        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              300        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              400        DEM         243,56 
 SGL Carbon AG                   2.07       Principal           B              100        DEM         243,00 
 SGL Carbon AG                   2.07       Principal           S              600        DEM         246,00 
 SGL Carbon AG                   1.07       Principal           B              500        DEM         239,50 
 SGL Carbon AG                   1.07       Principal           B             1200        DEM         240,00 
 SGL Carbon AG                   1.07       Principal           S             1000        DEM         239,00 
 SGL Carbon AG                   1.07       Principal           S              800        DEM         239,00 
 SGL Carbon AG                   1.07       Principal           S             1000        DEM         239,00 
 SGL Carbon AG                   1.07       Principal           S              500        DEM         239,50 
 SGL Carbon AG                   1.07       Principal           S             1200        DEM         240,00 
 SGL Carbon AG                   1.07       Principal           S              500        DEM         240,00 
 SGL Carbon AG                   1.07       Principal           S             1000        DEM         240,00 
 SGL Carbon AG                  30.06       Principal           B              500        DEM         239,00 
 SGL Carbon AG                  30.06       Principal           S             1000        DEM         237,50 
 SGL Carbon AG                  27.06       Principal           S              700        DEM         237,50 
 SGL Carbon AG                  27.06       Principal           B              500        DEM         236,10 
 SGL Carbon AG                  27.06       Principal           B              200        DEM         236,00 
 SGL Carbon AG                  27.06       Principal           B              200        DEM         236,00 
 SGL Carbon AG                  27.06       Principal           B              100        DEM         236,00 
 SGL Carbon AG                  27.06       Principal           B              500        DEM         236,00 
 SGL Carbon AG                  27.06       Principal           B             1000        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B              400        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B              500        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B             2200        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B              260        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B                7        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B               30        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B               45        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B               50        DEM         236,35 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  27.06       Principal           B              100        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B              550        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B               58        DEM         236,35 
 SGL Carbon AG                  27.06       Principal           B              500        DEM         236,50 
 SGL Carbon AG                  27.06       Principal           B              500        DEM         236,50 
 SGL Carbon AG                  25.06       Principal           S              100        DEM         238,00 
 SGL Carbon AG                  25.06       Principal           S              500        DEM         238,10 
 SGL Carbon AG                  25.06       Principal           S             2000        DEM         238,30 
 SGL Carbon AG                  25.06       Principal           B              500        DEM         235,50 
 SGL Carbon AG                  25.06       Principal           S              500        DEM         239,00 
 SGL Carbon AG                  24.06       Principal           B              500        DEM         235,50 
 SGL Carbon AG                  24.06       Principal           B              300        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           B              500        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S             1000        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S             1000        DEM         238,50 
 SGL Carbon AG                  24.06       Principal           B             2300        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              200        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              500        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              500        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              100        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              300        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              200        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B              100        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           B             1000        DEM         237,55 
 SGL Carbon AG                  24.06       Principal           S              200        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S              100        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S              200        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S              100        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S               67        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S               33        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S              100        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S              100        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S               43        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S               30        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S               15        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S                9        DEM         237,00 
 SGL Carbon AG                  24.06       Principal           S                3        DEM         237,00 
 SGL Carbon AG                  24.06     Discretionary         B               50        DEM         237,00 
 SGL Carbon AG                  24.06     Discretionary         B               50        DEM         237,00 
 SGL Carbon AG                  23.06       Principal           S              600        DEM         239,00 
 SGL Carbon AG                  20.06       Principal           B             1100        DEM         227,00 
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         227,00 
 SGL Carbon AG                  20.06       Principal           B             4600        DEM         227,00 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         224,50 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         225,00 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         225,50 
 SGL Carbon AG                  20.06       Principal           B              200        DEM         226,00 
 SGL Carbon AG                  20.06       Principal           B              600        DEM         227,00 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         227,70 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         234,60 
 SGL Carbon AG                  20.06       Principal           B              100        DEM         234,60 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         234,70 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         234,80 
 SGL Carbon AG                  20.06       Principal           B              200        DEM         234,80 
 SGL Carbon AG                  20.06       Principal           B              100        DEM         234,90 
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         235,00 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         235,00 
 SGL Carbon AG                  20.06       Principal           S              800        DEM         232,50 
 SGL Carbon AG                  20.06       Principal           S              800        DEM         233,00 
 SGL Carbon AG                  20.06       Principal           S              500        DEM         233,00 
 SGL Carbon AG                  20.06       Principal           S              400        DEM         233,00 
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         229,00 
 SGL Carbon AG                  20.06       Principal           B              200        DEM         230,00 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         230,50 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              100        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              600        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              100        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              200        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              700        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              300        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              500        DEM         229,90 
 SGL Carbon AG                  20.06       Principal           B              400        DEM         227,50 
 SGL Carbon AG                  20.06       Principal           B             1000        DEM         229,00 
 SGL Carbon AG                  20.06       Principal           S             1000        DEM         230,00 
 SGL Carbon AG                  20.06       Principal           S               23        DEM         232,50 
 SGL Carbon AG                  20.06       Principal           B              200        DEM         227,00 
 SGL Carbon AG                  20.06       Principal           B               50        DEM         232,50 
 SGL Carbon AG                  20.06       Principal           S               50        DEM         232,50 
 SGL Carbon AG                  20.06       Principal           S              500        DEM         235,00 
 SGL Carbon AG                  20.06     Discretionary         S              150        DEM         232,50 
 SGL Carbon AG                  20.06     Discretionary         S              200        DEM         227,00 
 SGL Carbon AG                  19.06       Principal           B              200        DEM         221,60 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         222,00 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         222,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         222,50 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B             1000        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         223,50 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         223,50 
 SGL Carbon AG                  19.06       Principal           B              200        DEM         224,00 
 SGL Carbon AG                  19.06       Principal           B              200        DEM         225,00 
 SGL Carbon AG                  19.06       Principal           B              300        DEM         225,00 
 SGL Carbon AG                  19.06       Principal           B              600        DEM         226,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         226,25 
 SGL Carbon AG                  19.06       Principal           B              200        DEM         226,50 
 SGL Carbon AG                  19.06       Principal           B              400        DEM         227,00 
 SGL Carbon AG                  19.06       Principal           B              200        DEM         227,50 
 SGL Carbon AG                  19.06       Principal           B              800        DEM         222,00 
 SGL Carbon AG                  19.06       Principal           S              500        DEM         221,80 
 SGL Carbon AG                  19.06       Principal           S              400        DEM         221,80 
 SGL Carbon AG                  19.06       Principal           S              100        DEM         221,80 
 SGL Carbon AG                  19.06       Principal           S             5000        DEM         222,65 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         223,10 
 SGL Carbon AG                  19.06       Principal           B             1500        DEM         223,10 
 SGL Carbon AG                  19.06       Principal           S             1500        DEM         223,10 
 SGL Carbon AG                  19.06       Principal           S             2000        DEM         223,50 
 SGL Carbon AG                  19.06       Principal           S             1000        DEM         224,00 
 SGL Carbon AG                  19.06       Principal           S              681        DEM         221,20 
 SGL Carbon AG                  19.06       Principal           S              200        DEM         221,20 
 SGL Carbon AG                  19.06       Principal           S              119        DEM         221,20 
 SGL Carbon AG                  19.06       Principal           S               74        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               87        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S              139        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               50        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               50        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               50        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               50        DEM         222,20 
 SGL Carbon AG                  19.06       Principal           S               20        DEM         223,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  19.06       Principal           S              300        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           S               80        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         222,00 
 SGL Carbon AG                  19.06       Principal           B              500        DEM         223,00 
 SGL Carbon AG                  19.06       Principal           B             1000        DEM         225,10 
 SGL Carbon AG                  19.06       Principal           B             1000        DEM         225,10 
 SGL Carbon AG                  18.06       Principal           B              100        DEM         225,80 
 SGL Carbon AG                  18.06       Principal           B              200        DEM         226,00 
 SGL Carbon AG                  18.06       Principal           B              500        DEM         227,50 
 SGL Carbon AG                  18.06       Principal           B              500        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           B             1000        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           B              400        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           B              500        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           B              500        DEM         230,00 
 SGL Carbon AG                  18.06       Principal           B              500        DEM         230,00 
 SGL Carbon AG                  18.06       Principal           B              300        DEM         225,90 
 SGL Carbon AG                  18.06       Principal           B              900        DEM         226,00 
 SGL Carbon AG                  18.06       Principal           B              700        DEM         226,00 
 SGL Carbon AG                  18.06       Principal           B              200        DEM         226,00 
 SGL Carbon AG                  18.06       Principal           B              200        DEM         226,00 
 SGL Carbon AG                  18.06       Principal           B             1000        DEM         226,10 
 SGL Carbon AG                  18.06       Principal           S             1500        DEM         226,50 
 SGL Carbon AG                  18.06       Principal           S             2600        DEM         228,00 
 SGL Carbon AG                  18.06       Principal           B             1000        DEM         228,00 
 SGL Carbon AG                  18.06       Principal           B             1000        DEM         228,00 
 SGL Carbon AG                  18.06       Principal           S              900        DEM         228,10 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         228,10 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         228,60 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         228,75 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         228,75 
 SGL Carbon AG                  18.06       Principal           S              700        DEM         228,75 
 SGL Carbon AG                  18.06       Principal           S              300        DEM         228,75 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S              700        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         229,00 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         230,00 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         230,00 
 SGL Carbon AG                  18.06       Principal           B              200        DEM         230,20 
 SGL Carbon AG                  18.06       Principal           B             1000        DEM         230,50 
 SGL Carbon AG                  18.06       Principal           B              200        DEM         230,80 
 SGL Carbon AG                  18.06       Principal           B              100        DEM         231,00 
 SGL Carbon AG                  18.06       Principal           S              600        DEM         227,60 
 SGL Carbon AG                  18.06       Principal           S               86        DEM         227,60 
 SGL Carbon AG                  18.06       Principal           S              100        DEM         227,60 
 SGL Carbon AG                  18.06       Principal           S             1214        DEM         227,60 
 SGL Carbon AG                  18.06       Principal           S              300        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              300        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S               80        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              100        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              120        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              200        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              500        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              200        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S             1000        DEM         228,50 
 SGL Carbon AG                  18.06       Principal           S              300        DEM         230,10 
 SGL Carbon AG                  18.06       Principal           S              100        DEM         230,10 
 SGL Carbon AG                  18.06       Principal           S              100        DEM         230,10 
 SGL Carbon AG                  18.06       Principal           S              400        DEM         230,10 
 SGL Carbon AG                  18.06       Principal           S             1100        DEM         230,10 
 SGL Carbon AG                  18.06       Principal           S             5000        DEM         226,70 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  18.06       Principal           B              300        DEM         226,40 
 SGL Carbon AG                  18.06       Principal           B              100        DEM         226,50 
 SGL Carbon AG                  17.06       Principal           B             1000        DEM         231,00 
 SGL Carbon AG                  17.06       Principal           B              500        DEM         235,00 
 SGL Carbon AG                  17.06       Principal           B              500        DEM         235,50 
 SGL Carbon AG                  17.06       Principal           B              300        DEM         236,00 
 SGL Carbon AG                  17.06       Principal           B              200        DEM         236,00 
 SGL Carbon AG                  17.06       Principal           B              200        DEM         230,00 
 SGL Carbon AG                  17.06       Principal           B              200        DEM         230,00 
 SGL Carbon AG                  17.06       Principal           B               46        DEM         230,50 
 SGL Carbon AG                  17.06       Principal           S              800        DEM         232,00 
 SGL Carbon AG                  17.06       Principal           S             3400        DEM         232,00 
 SGL Carbon AG                  17.06       Principal           B              600        DEM         230,50 
 SGL Carbon AG                  17.06       Principal           B              400        DEM         230,50 
 SGL Carbon AG                  17.06       Principal           B             1000        DEM         230,60 
 SGL Carbon AG                  17.06       Principal           B             1000        DEM         230,80 
 SGL Carbon AG                  17.06       Principal           B              500        DEM         233,00 
 SGL Carbon AG                  17.06       Principal           B              500        DEM         233,00 
 SGL Carbon AG                  17.06       Principal           B              500        DEM         233,00 
 SGL Carbon AG                  17.06       Principal           B              300        DEM         233,00 
 SGL Carbon AG                  17.06       Principal           B              200        DEM         233,00 
 SGL Carbon AG                  16.06       Principal           B              500        DEM         238,00 
 SGL Carbon AG                  16.06       Principal           B              100        DEM         238,00 
 SGL Carbon AG                  16.06       Principal           B              700        DEM         238,00 
 SGL Carbon AG                  16.06       Principal           B              700        DEM         241,50 
 SGL Carbon AG                  16.06       Principal           B              500        DEM         241,50 
 SGL Carbon AG                  13.06       Principal           S              500        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              400        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S             4100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S               70        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              230        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              500        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              300        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              400        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              800        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              200        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              100        DEM         242,55 
 SGL Carbon AG                  13.06       Principal           S              500        DEM         242,50 
 SGL Carbon AG                  13.06     Discretionary         S              200        DEM         242,50 
 SGL Carbon AG                  13.06     Discretionary         S               40        DEM         242,00 
 SGL Carbon AG                  13.06     Discretionary         S               10        DEM         242,00 
 SGL Carbon AG                  13.06     Discretionary         S               50        DEM         242,00 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         231,50 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         231,50 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         233,00 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         233,00 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         233,00 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         233,50 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         234,00 
 SGL Carbon AG                  12.06       Principal           S              100        DEM         234,00 
 SGL Carbon AG                  12.06       Principal           S              100        DEM         232,80 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  12.06       Principal           S              100        DEM         232,80 
 SGL Carbon AG                  12.06       Principal           S              100        DEM         232,80 
 SGL Carbon AG                  12.06       Principal           S              200        DEM         232,80 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         232,80 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         232,10 
 SGL Carbon AG                  12.06       Principal           S            12400        DEM         232,75 
 SGL Carbon AG                  12.06       Principal           S              682        DEM         232,70 
 SGL Carbon AG                  12.06       Principal           S              500        DEM         232,70 
 SGL Carbon AG                  12.06       Principal           B             1000        DEM         231,00 
 SGL Carbon AG                  11.06       Principal           S              900        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              700        DEM         232,50 
 SGL Carbon AG                  11.06       Principal           S              200        DEM         232,50 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         232,50 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,70 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,80 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         233,50 
 SGL Carbon AG                  11.06       Principal           B              300        DEM         234,50 
 SGL Carbon AG                  11.06       Principal           B              500        DEM         234,50 
 SGL Carbon AG                  11.06       Principal           S              300        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              300        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              200        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              700        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S              400        DEM         234,90 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,00 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         232,50 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         233,50 
 SGL Carbon AG                  11.06       Principal           S             1000        DEM         234,00 
 SGL Carbon AG                  11.06       Principal           S              200        DEM         235,50 
 SGL Carbon AG                  11.06       Principal           S              800        DEM         235,50 
 SGL Carbon AG                  11.06       Principal           S              900        DEM         233,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         233,00 
 SGL Carbon AG                  11.06       Principal           S               82        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              300        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              218        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                  11.06       Principal           S              300        DEM         235,00 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         230,00 
 SGL Carbon AG                  10.06       Principal           S              800        DEM         231,80 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,00 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,00 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         232,50 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         233,00 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         234,00 
 SGL Carbon AG                  10.06       Principal           S              400        DEM         234,00 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         234,55 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         235,00 
 SGL Carbon AG                  10.06       Principal           S              400        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              500        DEM         232,90 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1500        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              117        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              600        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              300        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              200        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S              900        DEM         232,90 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         230,00 
 SGL Carbon AG                  10.06       Principal           S             1000        DEM         230,00 
 SGL Carbon AG                  10.06       Principal           B              900        DEM         230,50 
 SGL Carbon AG                  10.06       Principal           B              300        DEM         231,00 
 SGL Carbon AG                  10.06       Principal           B              800        DEM         231,80 
 SGL Carbon AG                  10.06       Principal           B             1200        DEM         231,80 
 SGL Carbon AG                  10.06       Principal           B              300        DEM         234,00 
 SGL Carbon AG                  10.06       Principal           B             1000        DEM         235,00 
 SGL Carbon AG                  10.06       Principal           B              300        DEM         235,00 
 SGL Carbon AG                  10.06       Principal           B              500        DEM         229,55 
 SGL Carbon AG                  10.06       Principal           B              300        DEM         229,70 
 SGL Carbon AG                  10.06       Principal           B              100        DEM         236,00 
 SGL Carbon AG                  10.06       Principal           B              500        DEM         231,50 
 SGL Carbon AG                  10.06       Principal           S              100        DEM         232,50 
 SGL Carbon AG                  10.06     Discretionary         S              200        DEM         232,00 
 SGL Carbon AG                   9.06       Principal           B              700        DEM         226,50 
 SGL Carbon AG                   9.06       Principal           B              200        DEM         228,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   9.06       Principal           B              500        DEM         232,50 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         233,50 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         234,00 
 SGL Carbon AG                   9.06       Principal           B             1300        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           B             1300        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           B              500        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         236,30 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         236,30 
 SGL Carbon AG                   9.06       Principal           B              400        DEM         239,50 
 SGL Carbon AG                   9.06       Principal           B             1000        DEM         240,00 
 SGL Carbon AG                   9.06       Principal           B              600        DEM         240,00 
 SGL Carbon AG                   9.06       Principal           B              600        DEM         240,00 
 SGL Carbon AG                   9.06       Principal           B              300        DEM         240,00 
 SGL Carbon AG                   9.06       Principal           B              500        DEM         227,30 
 SGL Carbon AG                   9.06       Principal           B              100        DEM         231,40 
 SGL Carbon AG                   9.06       Principal           S             1100        DEM         233,50 
 SGL Carbon AG                   9.06       Principal           B              500        DEM         238,30 
 SGL Carbon AG                   9.06       Principal           B              500        DEM         226,50 
 SGL Carbon AG                   9.06       Principal           S              400        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              200        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              400        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              500        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              500        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S             1000        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              200        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,00 
 SGL Carbon AG                   9.06       Principal           S              400        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              500        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              500        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              400        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              200        DEM         235,50 
 SGL Carbon AG                   9.06       Principal           S              510        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              180        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              330        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               25        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              300        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              200        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              200        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              300        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              300        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S                2        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S                3        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               60        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               60        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               63        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               98        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              140        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              140        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              195        DEM         236,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   9.06       Principal           S              198        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              225        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              486        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              687        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              712        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              910        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              821        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              187        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               45        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              250        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              372        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              718        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              395        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S              100        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               50        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               50        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               30        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               30        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               25        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               20        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               15        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               15        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               13        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               10        DEM         236,00 
 SGL Carbon AG                   9.06       Principal           S               10        DEM         236,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         234,00 
 SGL Carbon AG                   6.06       Principal           B              246        DEM         232,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         234,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              100        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              400        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              100        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              900        DEM         237,00 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         237,50 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         237,50 
 SGL Carbon AG                   6.06       Principal           B              100        DEM         237,80 
 SGL Carbon AG                   6.06       Principal           B              300        DEM         237,90 
 SGL Carbon AG                   6.06       Principal           B              100        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           B              700        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           B              600        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           B              600        DEM         238,05 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         238,10 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         238,40 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         238,40 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         239,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         239,45 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         239,70 
 SGL Carbon AG                   6.06       Principal           B              300        DEM         240,00 
 SGL Carbon AG                   6.06       Principal           B              400        DEM         240,00 
 SGL Carbon AG                   6.06       Principal           B              500        DEM         240,10 
 SGL Carbon AG                   6.06       Principal           B              600        DEM         241,00 
 SGL Carbon AG                   6.06       Principal           B              100        DEM         241,00 
 SGL Carbon AG                   6.06       Principal           B              400        DEM         241,00 
 SGL Carbon AG                   6.06       Principal           B              300        DEM         241,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         241,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         243,00 
 SGL Carbon AG                   6.06       Principal           B              400        DEM         243,00 
 SGL Carbon AG                   6.06       Principal           B              200        DEM         235,80 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   6.06       Principal           B              200        DEM         236,70 
 SGL Carbon AG                   6.06       Principal           B              400        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           S              400        DEM         239,00 
 SGL Carbon AG                   6.06       Principal           B               54        DEM         232,00 
 SGL Carbon AG                   6.06       Principal           S             1000        DEM         238,00 
 SGL Carbon AG                   6.06       Principal           S             1000        DEM         239,00 
 SGL Carbon AG                   6.06       Principal           S             1000        DEM         239,50 
 SGL Carbon AG                   6.06       Principal           S             1000        DEM         239,50 
 SGL Carbon AG                   6.06       Principal           S              500        DEM         240,00 
 SGL Carbon AG                   6.06       Principal           S              500        DEM         240,00 
 SGL Carbon AG                   6.06       Principal           S              400        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              300        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S             1000        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              300        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              100        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              800        DEM         241,50 
 SGL Carbon AG                   6.06       Principal           S              200        DEM         241,50 
 SGL Carbon AG                   5.06       Principal           B              100        DEM         244,00 
 SGL Carbon AG                   5.06       Principal           B             1000        DEM         245,00 
 SGL Carbon AG                   5.06       Principal           B              500        DEM         248,00 
 SGL Carbon AG                   5.06       Principal           S              300        DEM         260,50 
 SGL Carbon AG                   5.06       Principal           B              400        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B                8        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B               10        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B              132        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B              150        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B              500        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              300        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S             1900        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S               96        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              700        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1600        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              800        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             2000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              300        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             4000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S                7        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S               25        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              100        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              100        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              106        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              247        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              300        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              200        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              100        DEM         260,44 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   5.06       Principal           S              400        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              640        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              800        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1900        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              492        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             4700        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              404        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S              183        DEM         260,44 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           B             4000        DEM         234,00 
 SGL Carbon AG                   5.06       Principal           B              500        DEM         239,90 
 SGL Carbon AG                   5.06       Principal           B             1300        DEM         240,00 
 SGL Carbon AG                   5.06       Principal           B              200        DEM         240,00 
 SGL Carbon AG                   5.06       Principal           B             1000        DEM         240,00 
 SGL Carbon AG                   5.06       Principal           B             1000        DEM         240,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   5.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              100        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              700        DEM         261,00 
 SGL Carbon AG                   5.06       Principal           S              300        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S             2000        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              900        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              700        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              200        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              600        DEM         260,20 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S             1300        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         260,25 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,25 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,25 
 SGL Carbon AG                   4.06       Principal           S              200        DEM         260,25 
 SGL Carbon AG                   4.06       Principal           S              200        DEM         260,25 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         260,75 
 SGL Carbon AG                   4.06       Principal           S              600        DEM         260,75 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,75 
 SGL Carbon AG                   4.06       Principal           S             2100        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              600        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         260,20 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         260,20 
 SGL Carbon AG                   4.06       Principal           B              900        DEM         260,75 
 SGL Carbon AG                   4.06       Principal           B              400        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           B              285        DEM         260,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   4.06       Principal           B              115        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           B               30        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              100        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         261,40 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,50 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         260,75 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              500        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S             1000        DEM         261,00 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         260,30 
 SGL Carbon AG                   4.06       Principal           S              400        DEM         261,00 
 SGL Carbon AG                   3.06       Principal           S             2000        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S             1000        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S             1000        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              228        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              772        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S             1000        DEM         259,50 
 SGL Carbon AG                   3.06       Principal           S             1000        DEM         260,00 
 SGL Carbon AG                   3.06       Principal           S             1000        DEM         260,00 
 SGL Carbon AG                   3.06       Principal           S              200        DEM         257,50 
 SGL Carbon AG                   3.06       Principal           S              100        DEM         257,50 
 SGL Carbon AG                   3.06       Principal           S              800        DEM         257,50 
 SGL Carbon AG                   3.06       Principal           S              100        DEM         257,50 
 SGL Carbon AG                   3.06       Principal           S              200        DEM         258,00 
 SGL Carbon AG                   3.06       Principal           S              100        DEM         258,00 
 SGL Carbon AG                   3.06       Principal           S              200        DEM         258,00 
 SGL Carbon AG                   3.06       Principal           S                2        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S               38        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S               65        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S               70        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S             1240        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S               83        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              200        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              400        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              400        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S                2        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              600        DEM         262,00 
 SGL Carbon AG                   3.06       Principal           S             2200        DEM         262,00 
 SGL Carbon AG                   3.06       Principal           S              200        DEM         262,00 
 SGL Carbon AG                   3.06       Principal           S             1500        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S             1800        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S             2000        DEM         260,00 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S               78        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S               22        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S              900        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S             3000        DEM         261,00 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         256,50 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         258,50 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         258,00 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         258,40 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         259,00 
 SGL Carbon AG                   3.06       Principal           S              500        DEM         260,00 
 SGL Carbon AG                   3.06       Principal           S              700        DEM         260,00 
 SGL Carbon AG                   3.06       Principal           S              300        DEM         260,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                   3.06       Principal           S              100        DEM         260,50 
 SGL Carbon AG                   3.06     Discretionary         B              100        DEM         258,50 
 SGL Carbon AG                   3.06     Discretionary         B              200        DEM         261,00 
 SGL Carbon AG                   2.06       Principal           S              500        DEM         249,00 
 SGL Carbon AG                   2.06       Principal           S              500        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              300        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              500        DEM         255,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         257,00 
 SGL Carbon AG                   2.06       Principal           S              300        DEM         257,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         250,00 
 SGL Carbon AG                   2.06       Principal           S              300        DEM         250,00 
 SGL Carbon AG                   2.06       Principal           S              500        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              700        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         251,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              200        DEM         252,00 
 SGL Carbon AG                   2.06       Principal           S              750        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              400        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S               50        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              400        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S               10        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              194        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S                5        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S                5        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S               93        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              100        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              117        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S              150        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S               56        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           S               70        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           B              100        DEM         254,00 
 SGL Carbon AG                   2.06       Principal           B              100        DEM         255,00 
 SGL Carbon AG                  30.05       Principal           S              200        DEM         255,00 
 SGL Carbon AG                  30.05       Principal           S              200        DEM         256,00 
 SGL Carbon AG                  30.05     Discretionary         S              400        DEM         253,50 
 SGL Carbon AG                  30.05     Discretionary         S              100        DEM         253,50 
 SGL Carbon AG                  30.05     Discretionary         S              172        DEM         253,50 
 SGL Carbon AG                  30.05     Discretionary         S              828        DEM         253,50 
 SGL Carbon AG                  30.05     Discretionary         S               50        DEM         254,00 
 SGL Carbon AG                  28.05       Principal           S              500        DEM         254,00 
 SGL Carbon AG                  28.05       Principal           B              400        DEM         249,00 
 SGL Carbon AG                  26.05       Principal           B              400        DEM         242,00 
 SGL Carbon AG                  26.05       Principal           B              246        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B              141        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B              106        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               75        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               70        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               57        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               40        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               34        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               20        DEM         243,00 
 SGL Carbon AG                  26.05       Principal           B               11        DEM         243,00 
 SGL Carbon AG                  23.05       Principal           B              500        DEM         242,00 
 SGL Carbon AG                  23.05     Discretionary         S               50        DEM         242,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  23.05     Discretionary         S              100        DEM         242,00 
 SGL Carbon AG                  22.05       Principal           B              400        DEM         236,00 
 SGL Carbon AG                  22.05       Principal           B               37        DEM         237,00 
 SGL Carbon AG                  22.05       Principal           B               20        DEM         237,00 
 SGL Carbon AG                  22.05       Principal           B               30        DEM         237,00 
 SGL Carbon AG                  22.05       Principal           B               90        DEM         237,00 
 SGL Carbon AG                  22.05       Principal           B              223        DEM         237,00 
 SGL Carbon AG                  22.05       Principal           B              160        DEM         238,00 
 SGL Carbon AG                  21.05       Principal           B              300        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B              800        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B              342        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B              110        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B              100        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               75        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               65        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               50        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               43        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               40        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               25        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               25        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               15        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           B               10        DEM         235,00 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              300        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              600        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              600        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              200        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S             1300        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              400        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              400        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              500        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              600        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              800        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S               40        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S               70        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              140        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              150        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              200        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              217        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              300        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              300        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S             1000        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              200        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              200        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              200        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              400        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S               83        DEM         234,69 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,75 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,75 
 SGL Carbon AG                  21.05       Principal           S              100        DEM         234,75 
 SGL Carbon AG                  21.05       Principal           S              480        DEM         234,75 
 SGL Carbon AG                  21.05       Principal           S               20        DEM         234,75 
 SGL Carbon AG                  21.05       Principal           S              700        DEM         234,75 
 SGL Carbon AG                  20.05       Principal           B              200        DEM         234,00 
 SGL Carbon AG                  20.05       Principal           B              119        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B              500        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B                9        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B               29        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B               35        DEM         235,00 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  20.05       Principal           B               80        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B              128        DEM         235,00 
 SGL Carbon AG                  20.05       Principal           B              500        DEM         234,85 
 SGL Carbon AG                  20.05       Principal           B              505        DEM         234,85 
 SGL Carbon AG                  20.05       Principal           B              495        DEM         234,85 
 SGL Carbon AG                  20.05       Principal           B              500        DEM         234,85 
 SGL Carbon AG                  16.05       Principal           B              400        DEM         237,00 
 SGL Carbon AG                  16.05       Principal           B              800        DEM         237,00 
 SGL Carbon AG                  16.05       Principal           B              400        DEM         237,50 
 SGL Carbon AG                  16.05       Principal           S              100        DEM         237,00 
 SGL Carbon AG                  16.05       Principal           S             1000        DEM         237,00 
 SGL Carbon AG                  16.05       Principal           S               55        DEM         237,00 
 SGL Carbon AG                  16.05       Principal           S              200        DEM         237,00 
 SGL Carbon AG                  16.05     Discretionary         S              300        DEM         237,00 
 SGL Carbon AG                  16.05     Discretionary         S              100        DEM         237,00 
 SGL Carbon AG                  16.05     Discretionary         S              100        DEM         237,00 
 SGL Carbon AG                  15.05       Principal           S              100        DEM         236,00 
 SGL Carbon AG                  15.05       Principal           B              200        DEM         236,00 
 SGL Carbon AG                  15.05       Principal           B              400        DEM         235,50 
 SGL Carbon AG                  14.05       Principal           B              200        DEM         237,50 
 SGL Carbon AG                  13.05       Principal           B             1000        DEM         237,70 
 SGL Carbon AG                  13.05       Principal           B              800        DEM         237,70 
 SGL Carbon AG                  13.05       Principal           B              400        DEM         237,70 
 SGL Carbon AG                  12.05       Principal           B              100        DEM         239,00 
 SGL Carbon AG                  12.05       Principal           S              300        DEM         242,00 
 SGL Carbon AG                  12.05       Principal           B              100        DEM         242,00 
 SGL Carbon AG                  12.05       Principal           B              600        DEM         240,50 

 Deutsche Gesellschaft fur Wertpapiersparen, mbH
 SGL Carbon AG                  10.07      Mutual Funds         P             7300        DEM              0 
 SGL Carbon AG                   9.07      Mutual Funds         P             7000        DEM              0 
 SGL Carbon AG                   8.07      Mutual Funds         P             4200        DEM              0 
 SGL Carbon AG                   4.07      Mutual Funds         P             5000        DEM              0 
 SGL Carbon AG                   3.07      Mutual Funds         P            10000        DEM              0 
 SGL Carbon AG                   2.07      Mutual Funds         P            13100        DEM              0 
 SGL Carbon AG                   1.07      Mutual Funds         P             5000        DEM              0 
 SGL Carbon AG                  27.06      Mutual Funds         P            10000        DEM              0 
 SGL Carbon AG                   6.06      Mutual Funds         S            10000        DEM              0 
 SGL Carbon AG                   5.06      Mutual Funds         S            10000        DEM              0 
 SGL Carbon AG                   4.06      Mutual Funds         S             6400        DEM              0 
 SGL Carbon AG                   3.06      Mutual Funds         S             1600        DEM              0 

 Deutsche Vermogensbildungsgesellschaft mbH
 SGL Carbon AG                  10.07      Mutual Funds         P             2000        DEM              0 
 SGL Carbon AG                   9.07      Mutual Funds         P             3000        DEM              0 
 SGL Carbon AG                   4.07      Mutual Funds         P             5000        DEM              0 
 SGL Carbon AG                   1.07      Mutual Funds         P             2900        DEM              0 

 Deutsche Bank (Suisse) S.A.
 SGL Carbon AG                  18.06     Discretionary         P              100        DEM         230,00 

 Deutsche Gesellschaft fur Fondsverwaltung mbH
 SGL Carbon AG                  26.06      Mutual Funds         P              500        DEM         235,50 
 SGL Carbon AG                  26.06      Mutual Funds         P             1300        DEM         235,50 
 SGL Carbon AG                  25.06      Mutual Funds         P             2560        DEM         237,00 
 SGL Carbon AG                  25.06      Mutual Funds         P             1270        DEM         237,00 
 SGL Carbon AG                  24.06      Mutual Funds         P              100        DEM         235,00 
 SGL Carbon AG                  24.06      Mutual Funds         P              400        DEM         235,00 
 SGL Carbon AG                  24.06      Mutual Funds         P              500        DEM         235,00 
 SGL Carbon AG                  24.06      Mutual Funds         P             1000        DEM         235,50 
 SGL Carbon AG                  24.06      Mutual Funds         P             2100        DEM         235,50 
 SGL Carbon AG                  23.06      Mutual Funds         P              500        DEM         235,50 
 SGL Carbon AG                  23.06      Mutual Funds         P             2100        DEM         239,26 
 SGL Carbon AG                  23.06      Mutual Funds         P             1180        DEM         238,06 
<PAGE>
 Company                    Trade-day        Capacity       Buy/Sell       Amount      Currency       Price
                              (1997)
 SGL Carbon AG                  23.06      Mutual Funds         P             4600        DEM         239,26 
 SGL Carbon AG                  23.06      Mutual Funds         P             2510        DEM         238,06 
 SGL Carbon AG                  23.06      Mutual Funds         S             6000        DEM         236,59 
 SGL Carbon AG                  20.06      Mutual Funds         P             5000        DEM         233,71 
 SGL Carbon AG                  20.06      Mutual Funds         P             7600        DEM         230,72 
 SGL Carbon AG                  20.06      Mutual Funds         P             2300        DEM         233,71 
 SGL Carbon AG                  19.06      Mutual Funds         P             6000        DEM         224,50 
 SGL Carbon AG                  17.06      Mutual Funds         P             2000        DEM         233,90 
 SGL Carbon AG                  13.06      Mutual Funds         S             9500        DEM         241,63 
 SGL Carbon AG                  10.06      Mutual Funds         P             4300        DEM         233,77 
 SGL Carbon AG                   9.06      Mutual Funds         P              500        DEM         227,15 
 SGL Carbon AG                   6.06      Mutual Funds         S             2200        DEM         239,25 

 Deutsche Asset Management GmbH
 SGL Carbon AG                   7.07     Discretionary         P             1500        DEM         247,19 
 SGL Carbon AG                   3.07     Discretionary         P             6000        DEM         245,00 
 SGL Carbon AG                   1.07     Discretionary         P             2000        DEM         244,00 
 SGL Carbon AG                  23.06     Discretionary         S             2000        DEM         237,33 
 SGL Carbon AG                  19.06     Discretionary         P             2000        DEM         223,10 

</TABLE>
<PAGE>

     II.  Following are the  transactions in  Ordinary Shares effected by  MGAM
and the other MGAM Managers in the past 60 days.

<TABLE>
                                                                                                        NO. SHARES   PRICE IN
 DATE            CUSTOMER                                                             PURCHASE/SALE                    DMKS

             Trades by discretionary fund managed clients of Morgan Grenfell International Funds Management Limited

 <S>             <C>                                                                  <C>                      <C>       <C>   
    13/05/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 660       239.26
    21/05/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 500       235.71
    04/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 655       260.91
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,200       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 900       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,500       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 320       238.77
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 200       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 900       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 100       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,500       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 200       234.41
    20/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 700       234.41
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 161       239.72
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,100       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 630       237.59
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 420       238.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 700       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 780       238.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,400       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 600       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 200       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 100       238.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  70       239.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  20       238.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 740       238.77
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               1,300       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 200       239.98
    23/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 120       238.77
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 810       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 320       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  40       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  40       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  40       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               2,540       237.61
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  70       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  20       237.58
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  14       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  20       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 100       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 820       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 130       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 180       238.71
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 690       237.59
    25/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 480       237.59
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 119       237.39
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase               7,875       237.59
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  70       237.58
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                  62       237.59
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 315       237.58
    27/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 140       237.51
    30/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase              10,500       239.69
    30/06/97     Morgan Grenfell International Funds Management Ltd                   Purchase                 711       239.60
    08/07/97     Morgan Grenfell International Funds Management Ltd                   Sale                   1,159       253.37
    09/07/97     Morgan Grenfell International Funds Management Ltd                   Purchase               2,810       253.36
<PAGE>

                 Trades by discretionary fund managed clients of Morgan Grenfell Investment Management Limited

    09/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 520       240.43
    12/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 254       240.88
    12/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 123       240.88
    12/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                  67       240.88
    12/05/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,354       240.88
    20/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 273       235.22
    20/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 720       235.22
    20/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 273       235.22
    20/05/97     Morgan Grenfell Investment Management Ltd                            Sale                     200       232.30
    28/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 362       257.01
    29/05/97     Morgan Grenfell Investment Management Ltd                            Purchase                 552       256.51
    29/05/97     Morgan Grenfell Investment Management Ltd                            Sale                     233       255.36
    09/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               7,000       236.05
    09/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,400       236.04
    12/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,030       234.21
    13/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               5,600       244.11
    16/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  89       241.63
    16/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 500       241.63
    18/06/97     Morgan Grenfell Investment Management Ltd                            Sale                     400       228.55
    20/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               4,400       234.41
    20/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,100       234.41
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               6,600       239.56
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,200       241.19
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  92       237.71
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 761       239.72
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               4,030       239.98
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               2,240       238.77
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 900       239.98
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 520       238.77
    23/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 139       239.72
    24/06/97     Morgan Grenfell Investment Management Ltd                            Sale                   2,000       236.72
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  30       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 110       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  30       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  70       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 110       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 190       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  20       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase               2,330       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  10       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  70       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  40       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 580       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  40       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  50       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  30       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 230       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  50       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  30       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 166       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  10       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  30       237.58
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 240       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 120       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 190       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  20       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 140       237.59
    25/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 250       237.59
    26/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 160       237.71
    26/06/97     Morgan Grenfell Investment Management Ltd                            Sale                     420       235.25
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 107       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 355       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  81       237.58
<PAGE>
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 233       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 347       237.59
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 403       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 591       237.59
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  51       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  27       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  13       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 222       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 110       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 132       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 173       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  77       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 720       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 171       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  82       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 510       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  27       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 104       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 607       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 749       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 305       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 381       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 305       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 785       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                  52       237.58
    27/06/97     Morgan Grenfell Investment Management Ltd                            Purchase                 451       237.58
    01/07/97     Morgan Grenfell Investment Management Ltd                            Movement of            3,739       238.33
                                                                                      stock to
                                                                                      external
                                                                                      Portfolio
                                                                                      Manager acting
                                                                                      also acting on
                                                                                      behalf of
                                                                                      client 
    02/07/97     Morgan Grenfell Investment Management Ltd                            Purchase               1,460       245.28
    02/07/97     Morgan Grenfell Investment Management Ltd                            Purchase                 239       248.74
    03/07/97     Morgan Grenfell Investment Management Ltd                            Sale                   2,100       241.71
    09/07/97     Morgan Grenfell Investment Management Ltd                            Purchase                 780       256.56
    09/07/97     Morgan Grenfell Investment Management Ltd                            Purchase                 970       248.37
    25/07/97     Morgan Grenfell Investment Management Ltd                            Purchase                  10       237.59

                  Trades by discretionary fund managed clients of Morgan Grenfell Investment Services Limited

    15/05/97     Morgan Grenfell Investment Services Ltd                              Purchase               1,000       236.21
    04/06/97     Morgan Grenfell Investment Services Ltd                              Purchase               7,000       261.00
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   1,050       233.02
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                  11,000       233.02
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   3,975       233.02
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   1,580       233.02
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   3,065       233.02
    11/06/97     Morgan Grenfell Investment Services Ltd                              Sale                     517       233.02
    13/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   2,160       240.65
    18/06/97     Morgan Grenfell Investment Services Ltd                              Sale                     300       228.55
    24/06/97     Morgan Grenfell Investment Services Ltd                              Sale                   1,130       235.29

</TABLE>
<PAGE>


                                   EXHIBIT INDEX



Exhibit No.         Description

    1          Consent of Morgan Grenfell Asset Management
               Limited
<PAGE>


                                                                     EXHIBIT 1


                  Consent of Morgan Grenfell Asset Management


     The undersigned agrees that the  Schedule 13D executed by Deutsche Bank AG
to which  this statement  is  attached as  an exhibit  is filed  on behalf  of
Deutsche Bank AG, Morgan Grenfell Asset Management Limited and Morgan Grenfell
Investment Management  Limited pursuant to Rule 13d-1(f)(1)  of the Securities
Exchange Act of 1934.


Dated:  August 1, 1997


                         MORGAN GRENFELL ASSET MANAGEMENT
                           LIMITED

                         By: /s/ R.C. Blin
                            ---------------------------
                            Name:  R.C. Blin
                            Title:  Compliance Director






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