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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 x4brbcE5lI9m8/l+OXMzyQ==

<SEC-DOCUMENT>0000858706-98-000007.txt : 19980312
<SEC-HEADER>0000858706-98-000007.hdr.sgml : 19980312
ACCESSION NUMBER:		0000858706-98-000007
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980228
FILED AS OF DATE:		19980311
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:		98563292

	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     FEBRUARY 1998

           THE NEW GERMANY FUND, INC.
(Name of registered closed-end investment company)

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

2-2        GF      22000    14.2784        17.21              Weeden & Co
2-3         " "       32500    14.2691        17.33                   " "
2-4         " "      15000     14.25            17.57                   " "
2-5         " "      20000     14.4687        17.76                   " "
2-6         " "      10000     14.5625        17.67                   " "
2-9         " "      25000     14.50            17.62                    " "
2-10       " "      15000     14.5208        17.52                   " "	
2-11       " "        7000     14.6875        17.37                   " "
2-12       " "      30000     14.5104        17.49                   " "
2-13       " "      21000     14.5297        17.37                   " "
2-17       " "      20000     14.625          17.70                   " "
2-18       " "      20000     14.5312        17.78                   " "
2-19       " "      15000     14.5625        17.72                   " "
2-20       " "        7500     14.50            17.97                   " "
2-23       " "      64500     14.642          18.41                   " "
2-25       " "      30500     15.0379        18.35                   " "
2-26       " "      10000     15.25            18.47                   " "
2-27       " "      20000     15.3125        18.56                   " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer

Date of Statement          3/10/98	
					          

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