8-K

                 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) June 18, 1996 
                                                 -------------


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



                            NEW YORK                            
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      (State or other jurisdiction of incorporation)


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



      280 PARK AVENUE, NEW YORK, NEW YORK           10017       
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    (Address of principal executive offices)      (Zip code)

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



Item 5.  Other Events
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     On June 18, 1996, Bankers Trust New York Corporation issued a
press release announcing that Donald L. Staheli, chairman of the
Board and chief executive officer of Continental Grain Company, had
been elected a director of both Bankers Trust New York Corporation
and its principal banking subsidiary, Bankers Trust Company. 




                           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 NEW YORK CORPORATION



                              By  /s/ Gordon S. Calder, Jr.     
                                  ---------------------------
                                    Gordon S. Calder, Jr.
                                    Assistant Secretary




June 21, 1996



                       INDEX TO EXHIBITS

99.1     Press release of Bankers Trust New York Corporation, dated 
         June 18, 1996.

EX-99.1

EXHIBIT 99.1

Corporate Affairs Group, 130 Liberty Street, New York 
Mailing Address: P.O. Box 318, Church Street Station, 
New York, N.Y. 10008-0318

Bankers Trust New York Corporation
News Release
- - ----------------------------------------------------------------
For Release: DONALD L. STAHELI ELECTED A DIRECTOR OF BANKERS TRUST

New York, June 18, 1996 -- Donald L. Staheli, chairman of the Board
and chief executive officer of Continental Grain Company, has been
elected a director of both Bankers Trust New York Corporation and
its principal banking subsidiary, Bankers Trust Company, it was
announced today.

Mr. Staheli's election brings to 12 the number of Bankers Trust 
directors, 10 of whom are outside directors.

Continental Grain, the fourth largest privately-owned company in
the United States, is an international agribusiness and financial
services concern, with annual sales of approximately $15 billion
and some 160 facilities in 55 countries. 

"Don Staheli's record of achievement as the leader of one of the
nation's most successful and broadly international companies has
earned him well-deserved respect and admiration," said Frank N.
Newman, chairman and chief executive officer of Bankers Trust. "We
are delighted and fortunate that he has agreed to play a role in
the future of Bankers Trust."

Mr. Staheli joined Continental Grain in 1969 as director of sales
and marketing for Allied Mills, Inc., the company's Chicago-based
feed and food subsidiary. He held a number of senior management
positions with Allied Mills, and was its president when that
company was merged into Continental Grain in 1981. Mr. Staheli was
elected to the additional positions of executive vice president and
a director of Continental Grain in 1977, moving to the firm's New
York headquarters. He was elected to Continental Grain's Office of
the Chief Executive in 1981, president and chief operating officer
in 1984, president and chief executive officer in 1988 and chairman
and CEO in 1994. 

A native of Utah, Mr. Staheli earned a BS degree from Utah State
University and MS and Doctorate degrees from the University of
Illinois.

He is a director of Prudential Life Insurance Company; vice
chairman of the U.S.-China Business Council; a director of the
National Committee on United States-China Relations, the America-
China Society, the U.S.-Russia Trade Council, the New York City
Partnership and the Points of Life Foundation; and a member of the
Council on Foreign Relations. 


Mr. Staheli is also an Executive Committee member of the National
Advisory Council of Brigham Young University's Marriot School of
Management, and a trustee of the American Graduate School of
International Management.

Bankers Trust New York Corporation is the nation's eighth largest
banking company, with assets of more than $100 billion and offices
in more than 50 countries. 


                          - 30 -

For more information, contact Doug Kidd for press inquiries at 212-
250-7225 or Howard Schneider for investor inquiries at 212-250-
7908.