DEUTSCHE BANK AG\
SC 13G/A, 1999-01-29
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  ------------

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

                  __ _____SGL Carbon Aktiengesellschaft_ ______
                                (Name of issuer)

                  Ordinary Shares, nominal value DM 5 per share
                         (Title of class of securities)

                                    784188203
                                 (CUSIP number)

                                 January 1, 1999
             (Date of Event which requires filing of this Statement)

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

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


<PAGE>


- ---------------------------------         -----------------------------
      CUSIP No. 784188203             13G    Page 2 of 10 Pages
- ---------------------------------         -----------------------------



- -------- -----------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Deutsche Bank A.G.
- -------- -----------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a) |_|
                                                                       (b) |_|
         
- -------- -----------------------------------------------------------------------
3        SEC USE ONLY

- -------- -----------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         Federal Republic of Germany
- ---------------------------- ------ --------------------------------------------
NUMBER OF SHARES             5      SOLE VOTING POWER
                                    138,900
                             ------ --------------------------------------------
BENEFICIALLY OWNED BY               SHARED VOTING POWER
                             6      1,772,129
                             ------ --------------------------------------------
EACH REPORTING                      SOLE DISPOSITIVE POWER
                             7      259,330
                             ------ --------------------------------------------
PERSON WITH                         SHARED DISPOSITIVE POWER
                             8      1,950,466
- -------- -----------------------------------------------------------------------
 9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         2,209,796

- -------- -----------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                |_|
- -------- -----------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         10.5%
- -------- -----------------------------------------------------------------------
12       TYPE OF REPORTING PERSON

         HC, BK, CO
- -------- -----------------------------------------------------------------------


<PAGE>


- ---------------------------------           --------------------------------
      CUSIP No. 784188203            13G          Page 3 of 10 Pages
- ---------------------------------           --------------------------------



- -------- -----------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Deutsche Gesellschaft fur Wertpapiersparen (DWS) Group
- -------- -----------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a) |_|
                                                                       (b) |_|
         |-|
- -------- -----------------------------------------------------------------------
3        SEC USE ONLY

- -------- -----------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         Federal Republic of Germany
- ---------------------------- ------ --------------------------------------------
NUMBER OF SHARES             5      SOLE VOTING POWER
                                    0
                             ------ --------------------------------------------
BENEFICIALLY OWNED BY               SHARED VOTING POWER
                             6      1,356,090
                             ------ --------------------------------------------
EACH REPORTING                      SOLE DISPOSITIVE POWER
                             7      0
                             ------ --------------------------------------------
PERSON WITH                         SHARED DISPOSITIVE POWER
                             8      1,356,090
- -------- -----------------------------------------------------------------------
 9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         1,356,090

- -------- -----------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                |_|      
- -------- -----------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         6.5%
- -------- -----------------------------------------------------------------------
12       TYPE OF REPORTING PERSON

         HC
- -------- -----------------------------------------------------------------------


<PAGE>


- ---------------------------------        ----------------------------------
      CUSIP No. 784188203           13G            Page 4 of 10 Pages
- ---------------------------------        ----------------------------------



- -------- -----------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Deutsche Gesellschaft fur Wertpapiersparen mbH
- -------- -----------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a) |_|
                                                                       (b) |_|
         
- -------- -----------------------------------------------------------------------
3        SEC USE ONLY

- -------- -----------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         Federal Republic of Germany
- ---------------------------- ------ --------------------------------------------
NUMBER OF SHARES             5      SOLE VOTING POWER
                                    0
                             ------ --------------------------------------------
BENEFICIALLY OWNED BY               SHARED VOTING POWER
                             6      1,089,612
                             ------ --------------------------------------------
EACH REPORTING                      SOLE DISPOSITIVE POWER
                             7      0
                             ------ --------------------------------------------
PERSON WITH                         SHARED DISPOSITIVE POWER
                             8      1,089,612
- -------- -----------------------------------------------------------------------
 9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         1,089,612

- -------- -----------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                |_|
- -------- -----------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         5.2%
- -------- -----------------------------------------------------------------------
12       TYPE OF REPORTING PERSON

         CO
- -------- -----------------------------------------------------------------------


<PAGE>


Item 1(a).      Name of Issuer:

                SGL Carbon Aktiengesellschaft (the "Issuer")

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

                The address of the  Issuer's  principal  executive  offices is
Rheingaustrasse 182, Wiesbaden, Germany 65203.

Item 2(a).      Name of Person Filing:

                This  statement  is  filed  on  behalf  of  Deutsche  Bank  AG
("DBAG"),  Deutsche Gesellschaft fur Wertpapiersparen  (DWS) Group ("DWS Group")
and Deutsche  Gesellschaft fur  Wertpapiersparen  mbH ("DWS" and,  together with
DBAG and DWS Group, the "Reporting Persons").

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

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

                The principal  place of business of DWS Group is  Gruneburgweg
113-115, 60323 Frankfurt, Federal Republic of Germany.

                The  principal  place  of  business  of  DWS  is  Gruneburgweg
113-115, 60323 Frankfurt, Federal Republic of Germany.

Item 2(c).      Citizenship:

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

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

                The title of the securities is ordinary shares, nominal value 
DM 5 per share (the "Ordinary Shares").

Item 2(e).      CUSIP Number:

                The CUSIP number of the  Ordinary  Shares is set forth on each
cover page.

Item 3.         If this statement is filed pursuant to Rules 13d-1(b), or 
13d-2(b) or (c), check whether the person filing is a:

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

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

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

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

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

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

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

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

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

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

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

Item 4.         Ownership.

                (a)  Amount beneficially owned:

                     Each of the  Reporting  Persons  owns the amount of the
                Ordinary Shares as set forth on the applicable cover page.

                (b)  Percent of class:

                     Each of the Reporting  Persons owns the percentage of the
                 Ordinary Shares as set forth on the applicable cover page.

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

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

                           Each of the  Reporting  Persons has the sole power
                      to vote or  direct  the  vote of the  Ordinary Shares
                      as set forth on the applicable cover page.

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

                           Each of the Reporting Persons has the shared power
                      to vote or  direct  the  vote of the  Ordinary Shares
                      as set forth on the applicable cover page.

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

                            Each of the  Reporting  Persons has the sole power
                      to  dispose or direct  the  disposition  of the Ordinary
                      Shares as set forth on the applicable  cover page.

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

                            Each of the Reporting Persons has the shared power
                      to  dispose or direct  the  disposition  of the Ordinary 
                      Shares as set forth on the applicable  cover page.

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

                Not applicable.

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

                Other  than  the  138,900  shares  held  by  DBAG  for its own
account, investment management clients of each of the Reporting Persons have the
ultimate right to any dividends  from Ordinary  Shares and the proceeds from the
sale of Ordinary Shares.

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

                The following are  subsidiaries of DBAG and/or DWS Group which
hold Ordinary Shares included in the figures on the cover pages: Morgan Grenfell
Investment  Services  Limited,  Morgan  Grenfell  International  Fund Management
Limited, Morgan Grenfell Investment Management Limited, Deutsche Fund Management
Inc.,  Deutsche  Vermogensbildungsgesellschaft  mbH,  Deutsche  Bank  Investment
Management  S.A.,  DWS (Austria)  Investmentgesellschaft  mbH,  Finanza & Futuro
S.P.A.,  Deutscher  Herold  Lebensvers.-AG  der  Deutschen  Bank,  Deutsche Bank
(Suisse)  S.A.,  Deutsche  Asset  Management   Investmentgesellschaft  mbH,  and
Deutsche Asset Management International GmbH.

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

                Not applicable.

Item 9.         Notice of Dissolution of Group.

                Not applicable.

Item 10.        Certification.

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



<PAGE>

                                    SIGNATURE

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

Dated:  January 28, 1999



                                       DEUTSCHE BANK AG



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



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



<PAGE>


                                                               EXHIBIT 1



        Consent of Deutsche Gesellschaft fur Wertpapiersparen (DWS) Group


                The  undersigned  agrees that the Schedule  13G/A  executed by
Deutsche  Bank AG to which this  statement is attached as an exhibit is filed on
behalf of Deutsche Bank AG, Deutsche  Gesellschaft  fur  Wertpapiersparen  (DWS)
Group and  Deutsche  Gesellschaft  fur  Wertpapiersparen  mbH  pursuant  to Rule
13d-1(f)(1) of the Securities Exchange Act of 1934.

Dated:  January 28, 1999



                                       DEUTSCHE GESELLSCHAFT FUR 
                                         WERTPAPIERSPAREN (DWS) GROUP



                                       By: /s/ Udo Behrenwaldt
                                          --------------------------------------
                                          Name:   Udo Behrenwaldt
                                          Title:  Managing Director



                                       By: /s/ Matthias Geuckler
                                          --------------------------------------
                                          Name:   Matthias Geuckler
                                          Title:  Head of Compliance (DWS)



<PAGE>


                                                                 EXHIBIT 2



            Consent of Deutsche Gesellschaft fur Wertpapiersparen mbH


                The  undersigned  agrees that the Schedule  13G/A  executed by
Deutsche  Bank AG to which this  statement is attached as an exhibit is filed on
behalf of Deutsche Bank AG, Deutsche  Gesellschaft  fur  Wertpapiersparen  (DWS)
Group and  Deutsche  Gesellschaft  fur  Wertpapiersparen  mbH  pursuant  to Rule
13d-1(f)(1) of the Securities Exchange Act of 1934.

Dated:  January 28, 1999



                                       DEUTSCHE GESELLSCHAFT FUR
                                         WERTPAPIERSPAREN MBH



                                       By: /s/ Udo Behrenwaldt
                                          --------------------------------------
                                          Name:   Udo Behrenwaldt
                                          Title:  Managing Director



                                       By: /s/ Matthias Geuckler
                                          --------------------------------------
                                          Name:   Matthias Geuckler
                                          Title:  Head of Compliance (DWS)




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