SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
DOW CHEMICAL CO
(NAME OF ISSUER)
COMMON STOCK, $2.50 par value
(TITLE OF CLASS OF SECURITIES)
260543103
---------
(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [X]
CUSIP NUMBER 260543103
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON
----------------------------------------------------
THE ROYAL BANK OF SCOTLAND GROUP PLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
------------------------------------------------
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANISATION
SCOTLAND
5. SOLE VOTING POWER
-----------------
NUMBER OF 157,545 - A
--------- 55,202,400 - B
5,790 - C
600 - D
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -------------------
EACH 0
REPORTING
PERSON WITH 7. SOLE DISPOSITIVE POWER
----------- ----------------------
5,500 - A
5,790 - C
600 - D
8. SHARED DISPOSITIVE POWER
------------------------
144,389 - A
55,202,400 - B
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
------------------------------------------------------------
162,345 - A (Citizens Bank)
55,202,400 - B (United States Trust Company)
5,790 - C (Coutts & Co)
600 - D (NatWest Stockbrokers Ltd)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-------------------------------------------------
8.16%
12. TYPE OF REPORTING PERSON
BK, HC
Item 1 (a) Name of Issuer:
------
DOW CHEMICAL CO
(b) Address of Issuer's Principal Executive Office:
2030 DOW CTR,
MIDLAND
MI, 48674
Item 2 (a) Name of Person Filing:
------
THE ROYAL BANK OF SCOTLAND GROUP PLC
(b) Address of Principal Business Office:
42 ST ANDREWS SQUARE
EDINBURGH EH2 2YE
(c) Citizenship (i.e. Place of Organisation)
SCOTLAND
(d) Title of Class of Securities:
COMMON STOCK, $2.50 PAR VALUE
(e) CUSIP Number
260543103
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check
whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of
the Act
(b) [ ] Bank as defined in Section 3(a) (6) of the Act
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8
of the Investment Company Act
(e) [ ] Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the
Employee Retirement Income Security Act
of 1974 or Endowment Fund; see S240.13d-1
(b) (1) (ii) (F)
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1 (b) (1) (ii) (G)
(h) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)
Item 4 Ownership.
------
(a) [ ] Currently Beneficially Owned:
162,345 - A
55,202,400 - B
5,790 - C
600 - D
(b) Percent of Class:
8.16%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote
157,545 - A
55,202,400 - B
5,790 - C
600 - D
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
5,500 - A
5,790 - C
600 - D
(iv) shared power to dispose or to direct the
disposition of
144,389 - A
55,202,400 - B
Item 5 Ownership of Five Percent or Less of a Class
------
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner more than five percent of the class of
securities, check the following [ ].
Item 6 Ownership of more than Five Percent on behalf of another
------ person
UNITED STATES TRUST COMPANY
Item 7 Identification and Classification of the Subsidiary Which
------ Acquired the Security Being Reported on by the Parent Holding
Company
A - CITIZENS BANK
B - UNITED STATES TRUST COMPANY
C - COUTTS & CO
D - NATWEST STOCKBROKERS LTD
IA
Item 8 Identification and Classification of Members of the Group
------
Not applicable
Item 9 Notice of Dissolution of the Group
------
Not applicable
Item 10 Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purposes or
effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
FEBRUARY 13, 2001
THE ROYAL BANK OF SCOTLAND GROUP PLC
By:
-------------------------------------
NAME: William David Reid Swanney
TITLE: Director, Group Compliance