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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000858706-98-000002.txt : 19980113
<SEC-HEADER>0000858706-98-000002.hdr.sgml : 19980113
ACCESSION NUMBER:		0000858706-98-000002
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19971231
FILED AS OF DATE:		19980112
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW GERMANY FUND INC
		CENTRAL INDEX KEY:			0000858706
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133555471
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00201
		FILM NUMBER:		98504748

	BUSINESS ADDRESS:	
		STREET 1:		31 WEST 52ND ST
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2124747000

	MAIL ADDRESS:	
		STREET 1:		31 WEST 52ND STREET
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LENOX FUND INC
		DATE OF NAME CHANGE:	19900115
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<TEXT>

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-23C-1


STATEMENT BY REGISTERED CLOSED-END
INVESTMENT COMPANY WITH RESPECT TO PURCHASES OF ITS OWN
SECURITIES PURSUANT TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH

REPORT FOR CALENDAR MONTH   DECEMBER 1997

			                THE NEW GERMANY FUND, INC.

(Name of registered closed-end investment company)


               						               Approx. Asset 
Date     	     #  of      Price     Value or Approx.   Name of seller
of     Ident.  Shares     Per      Asset Cov./Share        or of
Trans. of Sec. Purch.     Share    at Time of Purch.  Seller's Broker      

12-1	   	GF	   	6000      13.5594		      16.79          Deutsche Morgan 
                                                           Grenfell
12-2	  	" "	   	9900	     13.767	       	16.79     			       " "
12-3		  " "		   9000	     13.9264	      	16.83			            " "
12-4		  " "		   2800	     13.8125	      	16.95			            " "
12-5		  " "		   9000	     13.8125	      	16.92			            " "
12-8		  " "		  25000	     13.8125	      	16.83			            " "
12-9		  " "		  15000	     13.4113	      	16.71			            " "
12-10		 " "		  16500	     13.4238	      	16.64		          Weeden & Co.
12-11		 " "		   5000	     13.125	       	16.51			            " "
12-11		 " "		  22300	     13.25	        	16.51			            " "
12-12		 " "		   3700	     13.25	        	16.43			            " "
12-12		 " "		    700	     13.1875	      	16.43			            " "
12-12		 " "		  11600	     13.3125	      	16.43			            " "
12-15		 " "		   2800	     13.375	       	16.28			            " "
12-15		 " "		   3200	     13.1875	      	16.28			            " "
12-16		 " "		   5600	     13.4285	      	16.21			            " "
12-17		 " "		  11000	     13.5085	      	16.52			            " "
12-18		 " "		  21000	     13.4375	      	16.51			            " "
12-22		 " "		   5000	     13.00	        	16.19			            " "
12-23		 " "		  15000	     13.0625       	16.29			            " "
12-24		 " "		   5000	     12.875	       	16.31			            " "
12-26		 " "		   5000	     13.00	        	16.32			            " "
12-29		 " "		   5000	     13.125	       	16.42			            " "
12-30		 " "		   5000	     13.875	       	16.39			            " " 
The New Germany Fund, Inc.
    Name of Registrant
By Joseph Cheung - Treasurer

Date of Statement          1/12/98
					          

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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