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  5. 219 A.D.2d 266 (1995)
 

MATTER OF BANKERS TRUST CO.

219 A.D.2d 266 (1995)

636 N.Y.S.2d 741

In the Matter of Bankers Trust Company, as Trustee of Bankers Trust Company Capital Income Fund, Appellant-Respondent. Frederick Siegmund, as Guardian Ad Litem for Persons Interested in Income, Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

December 21, 1995

Attorney(s) appearing for the Case

David S. Klafter of counsel, New York City (Elizabeth P. Munson and Joan Morgan McGivern on the brief; White & Case, attorneys), for appellant-respondent.

Frederick Siegmund, New York City, respondent-appellant pro se.

MURPHY, P. J., ELLERIN, KUPFERMAN and MAZZARELLI, JJ., concur.

ASCH, J.

This case involves objections by the guardian ad litem for income beneficiaries of a common trust fund to an accounting filed by the trustee petitioner-appellant, Bankers Trust Company. It has broad implications for the manner in which these common trust funds are allowed to operate in the State of New York.

Bankers Trust Company is the trustee of eight "common trust funds". The common trust...

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