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 12, 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
- ------------------------------------------
Bankers  Trust New York Corporation announced that it has entered
into  a  strategic alliance with Cruz Blanca Prevision y  Seguros
S.A.  and  Banmedica S.A. through which the two firms  will  each
purchase  a  25% stake in a Bankers Trust holding  company  whose
principal  asset  is  Consorcio Nacional  de  Seguros  S.A.,  the
largest  life insurance and annuity firm in Chile.  Each  of  the
purchasers will pay Bankers Trust approximately US$109 million.

As  a  result  of  the  transaction, which  is  scheduled  to  be
completed  in two stages over the next six months, Bankers  Trust
expects   to   recognize  a  total  pre-tax  gain  on   sale   of
approximately $50 million.  Approximately one half of this amount
is  expected  to  be recognized in the second  quarter,  and  the
balance is expected to be recorded in the second half of 1997.

In  an unrelated matter, the Thai stock market has continued  its
steep  decline.  During the second quarter, Bankers Trust intends
to  recognize  a  decline  in  the value  of  its  unconsolidated
investment  in  a  Thai affiliate.  The combined  effect  of  the
Consorcio  gain  on  sale  and the valuation  adjustment  is  not
expected to materially affect the corporation's results  for  the
second quarter.




                           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/ James T. Byrne, Jr.
                                  ---------------------------
                                    James T. Byrne, Jr.
                                    Secretary




June 13, 1997

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

Gordon S. Calder, Jr.
Assistant Secretary



                                                       June   13, 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 June 12, 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