UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 27)

Aberdeen Australia Equity Fund, Inc.

________________________________________________________________________________________

(Name of Issuer)

 

Common Stock, par value $.01 per share

________________________________________________________________________________________

(Title of Class of Securities)

 

318652104

________________________________________________________________________________________

(CUSIP Number)

 

Moritz Sell

Landesbank Berlin AG

Alexanderplatz 2

D-10178 Berlin

Germany

+44.20.7572.6200

________________________________________________________________________________________

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

January 19, 2010

________________________________________________________________________________________

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. o

 


CUSIP No. 889050 10 0

 

1.

Names of Reporting Persons.

 

I.R.S. Identification Nos. of above persons (entities only).

 

Landesbank Berlin AG

 

 

IRS No.

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)

o

 

(b)

o

________________________________________________________________________________________

 

 

3.

SEC Use Only  

________________________________________________________________________________________

 

4.

Source of Funds (See Instructions)

________________________________________________________________________________________

 

5.

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

________________________________________________________________________________________

 

6.

Citizenship or Place of Organization

 

Federal Republic of Germany

________________________________________________________________________________________

Number of

7.

Sole Voting Power:

1,141,387

Shares Bene-

ficially

8.

Shared Voting Power:

Owned by Each

Reporting

9.

Sole Dispositive Power:

1,141,387

Person with:

 

10.

Shared Dispositive Power:

________________________________________________________________________________________

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,141,387

________________________________________________________________________________________

 

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

o

________________________________________________________________________________________

 

13.

Percent of Class Represented by Amount in Row (11)

5.9

________________________________________________________________________________________

 

 

14.

Type of Reporting Person (See Instructions)

BK

________________________________________________________________________________________

 

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This Amendment No. 27 amends and supplements item 5 of the Statement on Schedule 13D of Landesbank Berlin AG (“LB”), a wholly owned subsidiary of Landesbank Berlin Holding AG (the “Parent”), which is in turn controlled by Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG, a German limited partnership (the “Partnership”), with respect to the shares of Common Stock, par value $.01 per share (the "Common Stock"), of the Aberdeen Australia Equity Fund, Inc. (the "Fund"). Statements that are not modified in this amendment are not amended and remain as previously reported.

Item 5. Interest in Securities of the Issuer

 

(a) According to the Fund’s report on Form N-CSR filed on January 10, 2010, there were 19,235,840 shares of Common Stock outstanding at October 31, 2009. The percentage set forth in this Item 5(a) is derived using such number. LB has sole power to vote and dispose of 1,141,387 shares of Common Stock, which constitute approximately 5.9% of the outstanding shares of Common Stock.

(c) Since December 1, 2009, LB has effected the following sales of shares of Common Stock in at-the-market transactions on the American Stock Exchange:

 

Date

Number of Shares

Average Price per Share

 

 

(including commissions)

 

 

 

12/11/2009

31,760

$12.6872

12/14/2009

27,542

12.5623

12/15/2009

15,800

12.4685

12/16/2009

14,842

12.4229

12/17/2009

1,727

12.2606

12/18/2009

1,300

12.2500

12/21/2009

11,816

12.3533

12/22/2009

13,400

12.3765

12/23/2009

15,142

12.4183

12/24/2009

4,038

12.5776

12/28/2009

4,700

12.6495

1/12/2010

5,000

12.6143

1/13/2010

9,700

12.5943

1/14/2010

10,600

12.7313

1/15/2010

10,100

12.6478

1/19/2010

20,000

12.7070

1/20/2010

2,120

12.4684

1/21/2010

16,600

12.1711

1/25/2010

10,000

11.7996

 

Signature

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: January 27, 2010

 

 

LANDESBANK BERLIN AG

 

 

By: /s/ Dirk Kipp

 

Name: Dirk Kipp

 

Title:

Managing Director

 

 

By: /s/ Moritz Sell

 

Name: Moritz Sell

 

Title:

Director

 

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