8-K

                          UNITED STATES
               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) May 20, 1999


                       BANKERS TRUST 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

     A)   On May 20, 1999, Bankers Trust Corporation issued a
Press Release that announced that the Federal Reserve Board
approved the company's merger with Deutsche Bank, which was
announced on November 30, 1998.  The Press Release is filed
herewith as Exhibit 99.1.









Item 7. Financial Statements and Exhibits

     (c)  Exhibits

          (99.1)    Press Release dated May 20, 1999.













                           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 CORPORATION



                         By /s/ JAMES T. BYRNE, JR.
                               JAMES T. BYRNE, JR.
                               SENIOR VICE PRESIDENT AND SECRETARY




May 21, 1999







                    BANKERS TRUST CORPORATION
                                
                   FORM 8-K DATED MAY 20, 1999
                                
                          EXHIBIT INDEX



Exhibit
Number                     Description of Exhibit

(99.1)         Press Release dated May 20, 1999.

EX-99.1

EXHIBIT 99.1

New York 20-May-1999

Joint Statement of Deutsche Bank and Bankers Trust on the
approval of the Federal Reserve Board

Rolf-E. Breuer, Spokesman of the Board of Managing Directors of
Deutsche Bank AG and Frank Newman, Chairman of the Board of
Directors and Chief Executive Officer of Bankers Trust Corp.,
issued the following statement today:

"With the Federal Reserve approval granted, a further decisive
step towards the merger of Bankers Trust and Deutsche Bank AG has
been taken.  Subject to the terms and conditions of the Merger
Agreement, the earliest we would be permitted to consummate the
merger would be June 4, 1999.

The integration planning for Closing Day is completed, so that we
can implement the integration rapidly.  Deutsche Bank and Bankers
Trust as independent entities have already generated a
significant number of transactions together, illustrating the
effectiveness of our integration efforts and the strong
commitment of our professionals.  We look forward to an exciting
future as we combine forces to begin operations well positioned
to offer our clients and employees a broad range of new
opportunities."

For further information:  Bill McBride  212-250-7961







                    BANKERS TRUST CORPORATION
                       130 LIBERTY STREET
                    NEW YORK, NEW YORK 10006



James T. Byrne, Jr.
Senior Vice President
 and Secretary



                                   May 21, 1999



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


Dear Sirs:

     Accompanying this letter is Bankers Trust Corporation's
Report on Form 8-K dated May 20, 1999 (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 at 212-250-
1869.

                              Very truly yours,

                              BANKERS TRUST CORPORATION



                              By:/S/ JAMES T. BYRNE, JR.
                                     JAMES T. BYRNE, JR.
                                     Senior Vice President
                                      and Secretary