BANKERS TRUST CORP
8-K, 1998-09-16
STATE COMMERCIAL BANKS
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                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C. 20549
                                
                          F O R M  8-K
                                
                         CURRENT REPORT
                                
                                
                                
                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported) September 16, 1998


                           BANKERS TRUST CORPORATION
     (Exact name of registrant as specified in its charter)



                               NEW YORK
         (State or other jurisdiction of incorporation)



        1-5920                         13-6180473
 (Commission file number)            (IRS employer identification no.)



    130 LIBERTY STREET, NEW YORK, NEW YORK           10006
   (Address of principal executive offices)        (Zip code)



Registrant's telephone number, including area code (212) 250-2500


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Item 5. Other Events

(A)  On September 16, 1998, Bankers Trust Corporation (the
"Registrant") announced certain financial information with
respect to certain of its cross-border outstandings at August
31, 1998.  This Current Report on Form 8-K files this financial
information to be incorporated into currently effective
registration statements filed by the Registrant with the
Securities and Exchange Commission under the Securities Act of
1933, as amended.



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Item 7. Financial Statements and Exhibits

     (c)  Exhibits

          (99.1)    Certain Cross-Border Outstandings at
                    August 31, 1998.




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                           SIGNATURES




          Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, hereunto duly authorized.



                              BANKERS TRUST CORPORATION



                         By   /s/ DAVID C. FISHER
                                  DAVID C. FISHER
                                  Controller and Principal
                                  Accounting Officer




September 16, 1998


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                    BANKERS TRUST CORPORATION
                                
                FORM 8-K DATED SEPTEMBER 16, 1998
                                
                          EXHIBIT INDEX



Exhibit
Number                     Description of Exhibit

(99.1)              Certain Cross-Border Outstandings at
                    August 31, 1998.







      
                                                               Exhibit 99.1
              Emerging Market Cross-Border Outstandings (1)(2)
                             August 31, 1998 
                                Preliminary
($ in billions)
                                                               

                                                              % Change from     
                          August 31,        December 31,       December 31,    
                             1998               1997                 1997
                                                                               
                                                                 
Korea, Republic of              $  1.2               $  1.6          -27%
Indonesia                          0.8                  1.3          -35%      
Hong Kong                          0.4                  1.0          -58%      
Thailand                           0.3                  0.6          -48%       
Malaysia                           0.1                  0.3          -72%       
Other (3)                          1.2                  1.1            5%       
Total Emerging Asia              $ 4.0                $ 5.9          -32%
                                                                               
                                  
Brazil                           $ 1.1                $ 1.9          -45%
Mexico                             0.9                  1.0           -3%      
Argentina                          0.7                  0.8          -12%      
Venezuela                          0.3                  0.3            -      
Other (4)                          0.7                  0.8          -15%      
Total Latin America              $ 3.7                $ 4.8          -22%      
                                             
                                                                               
Russian Federation               $ 0.4                $ 1.1          -64%      
                                                   
                                                                                
Total                            $ 8.1                $11.8          -31%      
                                   
                                                                                
As % of Total Assets              4.7%                 8.4%        

(1) Based on FFIEC instructions. Shown by country of ultimate risk.
     Excludes local country claims on local residents.
(2) Includes commitments and FX/derivatives.
(3) Other includes China-Peoples Rep., China-Rep. of Taiwan, India,
     Philippines, Singapore and Sri Lanka.
(4) Other includes Chile, Colombia and Peru.




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