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) August 1, 1996 
                                                 --------------


               BANKERS TRUST NEW YORK 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
                                                   --------------



Item 5.  Other Events
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     On August 1 1996, Bankers Trust New York Corporation issued a
press release announcing that Wolfensohn & Co., Inc. has merged
with Bankers Trust. 




                           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




August 1, 1996



                       INDEX TO EXHIBITS

99.1     Press release of Bankers Trust New York Corporation, dated 
         August 1, 1996.

EX-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: WOLFENSOHN MERGER WITH BANKERS TRUST COMPLETED


     New York, August 1, 1996 -- The merger of Wolfensohn & Co.,
Inc. with Bankers Trust was completed today, creating the BT
Wolfensohn Merger, Acquisition and Corporate Advisory Group within
Bankers Trust.

     "We are delighted to announce the successful completion of
this merger, and to welcome the Wolfensohn partners, associates and
staff to Bankers Trust," said Frank Newman, chairman and chief
executive officer of Bankers Trust. "We are especially pleased to
be able to offer to our clients access to the skills of a premier
advisory firm, whose professionals have earned worldwide respect
for their ability to provide top quality, objective advice to
clients," Mr. Newman added.

     "The merger is official today, but we have been working over
the past two months to establish close working relationships
between the two organizations," said Ray Golden, former president
of Wolfensohn and now chairman of BT Wolfensohn. "Over that time,
my colleagues at Wolfensohn and our new partners at Bankers Trust
have become increasingly enthusiastic about the opportunities ahead
and are united in our commitment to excellence in the service of
our clients."

     Paul Volcker, former chairman of Wolfensohn, will join the
Board of Directors of Bankers Trust Company and its parent, Bankers
Trust New York Corporation, and will serve as a consultant to the
chairman and other senior executives of Bankers Trust.

     Jeffrey Goldstein and Glen Lewy, former vice chairmen of
Wolfensohn, are now vice chairmen of BT Wolfensohn. With Mr.
Golden, they have been appointed to Bankers Trust's Management
Committee. The six other partners of Wolfensohn have joined Bankers
Trust as managing directors and members of the Partner Group. In
addition, five of Wolfensohn's senior associates have joined
Bankers Trust as managing directors. 

                           - MORE -
     BT Wolfensohn begins operations as a global leader in the
merger, acquisition and corporate advisory business. Based on
assignments completed in 1995, the combination of Wolfensohn's and
Bankers Trust's global mergers and acquisitions business would have
ranked seventh among M&A advisory firms.

     With the merger, Wolfensohn & Co., Inc. becomes part of BT
Securities Corporation, the securities subsidiary of Bankers Trust
New York Corporation. 

                         - 30 -

For more information, contact Doug Kidd, at 212-250-7225.