8-K

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              SECURITIES AND EXCHANGE COMMISSION

                     WASHINGTON, DC  20549

                        ______________

                           FORM 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) 
December 20, 1994



              BANKERS TRUST NEW YORK CORPORATION               
      (Exact Name of Registrant as Specified in Charter)



New York                   1-5920           13-6180473         
(State or Other         (Commission        (IRS Employer
Jurisdiction            File Number)     Identification No.)
of Incorporation)



280 Park Avenue, New York, New York                  10017     
(Address of Principal Executive Offices)           (Zip Code)  



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



                              N/A                              
 (Former Name or Former Address, if Changed Since Last Report)

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ITEM 5.   OTHER EVENTS

          On December 20, 1994, Bankers Trust New York
Corporation issued a press release regarding its quarterly
dividend and expected earnings for the fourth quarter of 1994,
a copy of which is included as Exhibit 99.1 to this Current
Report on Form 8-K.


ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
          INFORMATION AND EXHIBITS

     (c)  Exhibits.

          99.1 Press Release of Bankers Trust New York
               Corporation, dated December 20, 1994.


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                          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.

Date:  December 22, 1994


                         BANKERS TRUST NEW YORK CORPORATION



                         By:  /s/ James T. Byrne, Jr.      
                            Name:   James T. Byrne, Jr.
                            Title:  Secretary


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                       INDEX TO EXHIBITS

  99.1    Press Release of Bankers Trust New York Corporation,
          dated December 20, 1994.

EX-99.1

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                                                   Exhibit 99.1

Corporate Communications Division, 280 Park Avenue, New York
Mailing Address:  P.O. Box 318, New York, N.Y. 10008-0318

Bankers Trust New York Corporation 
- -------------------------------------------------------------
News Release

For Release:

BANKERS TRUST NEW YORK CORPORATION INCREASES DIVIDEND BY 11.1%
                 COMMENTS ON EARNINGS OUTLOOK


          New York, December 20, 1994 -- Bankers Trust New
York Corporation has increased the regular quarterly dividend
on its common stock to $1.00 per share, from $0.90, an
increase of 11.1%.  Bankers Trust has now increased its common
stock dividend for 16 consecutive years.

          The dividend increase reflects management's view
that long-term prospects for Bankers Trust's global and
diverse mix of businesses remain strong, although results for
1994 will be below those of 1993.  Earnings for the first nine
months of 1994 were 35% lower than those for the prior year's
nine months.  Earnings for the fourth quarter are expected to
be below the $169 million earned in this year's third quarter,
due to lower trading revenue attributable to persistently
difficult market conditions and a resulting decline in client
activity.

          The common stock dividend for the fourth quarter is
payable January 25, 1995, to shareholders of record January 6,
1995.










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