FOR IMMEDIATE RELEASE: FRIDAY, July 19, 1996

NEW YORK--The Federal Reserve Bank of New York Friday approved the notification by Bankers Trust New York Corporation, New York City, to acquire Wolfensohn & Co., Inc., New York City, together with its 50 percent general partnership interest in Fuji-Wolfensohn International, also of New York City, and thereby engage in providing merger and acquisition advisory services and related corporate finance advice.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.