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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000858706-98-000004.txt : 19980211
<SEC-HEADER>0000858706-98-000004.hdr.sgml : 19980211
ACCESSION NUMBER:		0000858706-98-000004
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980131
FILED AS OF DATE:		19980210
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:		98527620

	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   JANUARY 1998

			                THE NEW GERMANY FUND, INC.

(Name of registered closed-end investment company)


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

1-6	  	GF	    	18900     13.75    	      	16.55	             Weeden & Co. 
1-7	  	" "		    7000	    13.669	         	16.52			               " "
1-7	  	" "		    3000	    13.625         	 16.52			               " "
1-8	  	" "		    7000	    13.6696	         16.56			               " "
1-8	  	" "		    8000	    13.625	         	16.56			               " "
1-9	  	" "	   110000	    13.5339	         16.30			               " "
1-12	 	" "		   45000	    12.991	         	16.00			               " "
1-13	 	" "		    5000	    13.375	         	16.29		          	     " "
1-14		 " "		   62100	    13.375	         	16.25			               " "
1-15		 " "		    9000     13.125	         	16.36			               " "
1-16		 " "		    9000	    13.25	         	 16.50			               " "
1-20		 " "		   11000	    13.375	         	16.54			               " "
1-21		 " "		   11000     13.3125	         16.64			               " "
1-22		 " "		   11000	    13.375	         	16.91			               " "
1-27		 " "		   30000	    13.7979	         17.30			               " "
1-28		 " "		   35000     13.9775	         17.24			               " "
1-29		 " "	   100000	    14.0265	         17.20			               " "
1-30		 " "		   25000	    14.05	         	 17.16			               " "
									The New Germany Fund, Inc.
									       Name of Registrant

									By Joseph Cheung - Treasurer

Date of Statement          2/10/98
					          

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