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) March 6, 1997 
                                                 -------------


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

     The information provided herein is an update of information
reported in the Registrant's Current Report on Form 8-K dated
November 20, 1996.

     On November 19, 1996, Bankers Trust New York Corporation (the
"Corporation") appointed the accounting firm of KPMG Peat Marwick
LLP as its independent auditors for the fiscal year ending  
December 31, 1997, and chose not to renew the engagement of
Ernst & Young LLP, who served as the Corporation's independent
auditors for the fiscal year ended December 31, 1996. The
Corporation's Board of Directors approved the selection of KPMG
Peat Marwick LLP as new independent auditors upon the
recommendation of the Corporation's Audit Committee.  Neither
management nor anyone on its behalf has consulted with KPMG Peat
Marwick LLP regarding the application of accounting principles to
a specified transaction, either completed or proposed; or the type
of audit opinion that might be rendered on the Corporation's
financial statements, and neither a written report nor oral advice
was provided to the Corporation that KPMG Peat Marwick LLP
concluded was an important factor considered by the Corporation in
reaching a decision as to the accounting, auditing or financial
reporting issue during the Corporation's two most recent fiscal
years prior to engaging KPMG Peat Marwick LLP.

     The Ernst & Young LLP reports on the Corporation's financial
statements for the years ended December 31, 1996 and December 31,
1995 did not contain an adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope
or accounting principles.  Since January 1, 1995, the Corporation
has not had any disagreements with Ernst & Young LLP on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedures that would require
disclosure in this Current Report on Form 8-K.

     Ernst & Young LLP has furnished to the Corporation a letter
addressed to the SEC stating that it agrees with the statements in
the immediately preceding paragraph.  A copy of such letter, dated
March 14, 1997 is filed as Exhibit 16 to this Form 8-K. 




                           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




March 14, 1997



                       INDEX TO EXHIBITS

16       Letter pursuant to Item 304(a)(3) of Regulation S-K to the
         Securities and Exchange Commission from Ernst & Young
         LLP, dated March 14, 1997.




                                                     
                                                       EXHIBIT 16 



March 14, 1997


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549

Gentlemen:

We have read Item 5 of Form 8-K dated March 14, 1997, of Bankers
Trust New York Corporation and are in agreement with the statements
contained in paragraph 2 therein.  We have no basis to agree or
disagree with other statements of the registrant contained therein.


                                     ERNST & YOUNG LLP
                                     /s/Ernst & Young LLP



                    Bankers Trust New York Corporation 
                              130 Liberty Street
                          New York, New York  10006


Gordon S. Calder, Jr.
Assistant Secretary


                                                 March 14, 1997



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.   20549

Dear Sirs:

     Accompanying this letter is Bankers Trust New York
Corporation's report on Form 8-K dated March 6, 1997 (the "Form 8-
K").  The Form 8-K is being filed electronically through the EDGAR
System.

     If there are any questions or comments in connection with the
enclosed filing, please contact the undersigned collect at 212-250-
4857.

                               Very truly yours,



                              By: /s/GORDON S. CALDER, JR.
                              Name:  Gordon S. Calder, Jr.
                              Title: Assistant Secretary