TAUNUS CORPORATION
31 West 52nd Street
New York, New York 10019
Damian P. Reitemeyer
Principal
Telephone: (212) 250-4599
August 11, 1999
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC 20549
Attn: Filing Desk
Dear Sirs:
Re: Filing of Schedule 13G on
Koger Equity, Inc.
Pursuant to Rule 13d-1 of the General Rules and Regulations
under the Securities Exchange Act of 1934, the following is
one copy of the Schedule 13G with respect to the common
stock of the above referenced corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by E-Mail
confirmation.
Sincerely,
Damian P. Reitemeyer
Enclosures
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Koger Equity, Inc.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $ .01)
_______________________________________
TITLE OF CLASS OF SECURITIES
500228101
_______________________________________
CUSIP NUMBER
July 31, 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-I(b)
Rule 13d-I(c)
Rule 13d-I(d)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act
of 1934 (the Act) or otherwise subject to the
liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however,
see the Notes).
(Continued on following page(s))
Page 1 of 8 Pages
CUSIP No. 500228101 Page 2 of 8 Pages
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Taunus Corporation and its indirect wholly owned
subsidiaries, Bankers Trust Company and BT Alex.Brown
Incorporated (BT Alex.Brown)13-4060471
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Taunus Corporation and BT Alex.Brown are Delaware
Corporations. Bankers Trust Company is a New York
Corporation.
CUSIP No. 500228101 Page 3 of 8 Pages
NUMBER OF 5. SOLE VOTING POWER
SHARES Bankers Trust Company 5,827,372 shares
BT Alex.Brown 2 shares
5,827,374 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY Bankers Trust Company 0 shares
BT Alex.Brown 0 shares
0 shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Bankers Trust Company 5,831,272 shares
BT Alex.Brown 2,177 shares
5,833,449 shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Company 0 shares
BT Alex.Brown 0 shares
0 shares
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 5,832,872 shares
BT Alex.Brown 2,177 shares
5,835,049 shares
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Company 21.87%
BT Alex.Brown 0.01%
21.88%
12.TYPE OF REPORTING PERSON *
Taunus Corporation - HC
Bankers Trust Company - BK
BT Alex.Brown - BD
CUSIP No. 500228101 Page 4 of 8 Pages
Item 1(a) NAME OF ISSUER:
Koger Equity, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
3986 Boulevard Center Drive
P.O. 4339
Jacksonville, FL 32207
Item 2(a) NAME OF PERSON FILING:
Taunus Corporation and its indirect wholly-
owned subsidiaries, Bankers Trust Company and
BT Alex.Brown.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For Taunus Corporation
31 West 52nd Street
New York, New York 10019
For Bankers Trust Company and
BT Alex.Brown
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Taunus Corporation and BT Alex.Brown are
Delaware corporations with their principal
business offices located in New York. Bankers
Trust Company is a corporation incorporated in
the State of New York with its principal
business offices located in New York.
CUSIP No. 500228101 Page 5 of 8 Pages
Item 2(d) TITLE OF CLASS OF SECURITIES:
This statement relates to the Company's Common
Stock at Par Value $.01.
Item 2(e) CUSIP NUMBER:
500228101
Item 3 THE PERSON FILING IS A:
For Taunus Corporation
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G)
For Bankers Trust Company
(b) [X] Bank as defined in section 3(a)(6) of the Act.
For BT Alex.Brown
(e) [X] Broker or dealer registered under Section 15
15 of the Act.
CUSIP No. 500228101 Page 6 of 8 Pages
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Company 5,832,872 shares
BT Alex.Brown 2,177 shares
5,835,049 shares
(b) Percent of Class :
Bankers Trust Company 21.87%
BT Alex.Brown 0.01%
21.88%
(c) Number of shares as to which the following
have:
(i) sole power to vote or to direct the vote -
Bankers Trust Company 5,827,372 shares
BT Alex.Brown 2 shares
5,827,374 shares
(ii) shared power to vote or to direct the
vote -
Bankers Trust Company 0 shares
BT Alex.Brown 0 shares
0 shares
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Company 21.87%
BT Alex.Brown 0.01%
21.88%
CUSIP No. 500228101 Page 7 of 8 Pages
(iv) shared power to dispose or to direct
the disposition of -
Bankers Trust Company 0 shares
BT Alex.Brown 0 shares
0 shares
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:
Not applicable.
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
See Exhibits A and B.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
Not applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
CUSIP No. 500228101 Page 8 of 8 Pages
Item 10 CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and were not acquired for the
purpose of and do not have the effect of changing
or influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purpose or effect.
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.
Date: as of July 31, 1999
Signature: Taunus Corporation
By: /s/David Mellgard
Name: David Mellgard
Title: Secretary
Signature: Bankers Trust Company
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Alex.Brown
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Exhibit A
The chain of ownership from Taunus Corporation to
Bankers Trust Company is shown below:
Taunus Corporation
|
|
100%
|
|
Bankers Trust Corporation
|
|
100%
|
|
Bankers Trust Company
Exhibit B
The chain of ownership from Taunus Corporation to BT
Alex.Brown is shown below:
Taunus Corporation
|
|
|
____________________
|______________________
| |
| |
100%
100% |
| |
|
Deutsche Bank Americas Holding Corp.
Bankers Trust Corporation
| |
| |
|
100% |
| |
| |
BT Alex. Brown Holdings Incorporated
| |
| |
|_______48%______Deutsche Bank ______52%____ |
US Financial Markets
Holding Corporation
|
|
100%
|
|
Deutsche Bank Securities Inc.
|
|
100%
|
|
BT Alex. Brown Incorporated
