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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 8LHswKPt5/7NV6Lwl65Gsg==

<SEC-DOCUMENT>0000858706-98-000009.txt : 19980407
<SEC-HEADER>0000858706-98-000009.hdr.sgml : 19980407
ACCESSION NUMBER:		0000858706-98-000009
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980331
FILED AS OF DATE:		19980406
SROS:			NYSE

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:		98587958

	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>

FORM N-23C-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


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     MARCH 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      

3-2        GF    145000    15.6368        18.67              Weeden & Co
3-3         " "      30000     15.7266        18.67                   " "
3-4         " "      47500     15.4638        18.53                   " "
3-5         " "    146500     15.3724        18.41                   " "
3-6         " "      48400     15.7159        18.63                   " "
3-9         " "      50000     15.65         18.93                    " "
3-10       " "      70500     16.007          18.95                   " "	
3-11       " "    200000     16.2858        18.82                   " "
3-12       " "      75000     16.4416        18.94                   " "
3-13       " "      30000     16.4166        19.14                   " "
3-16       " "        8100     16.3125        19.38                   " "
3-17       " "      36000     16.3229        19.68                   " "
3-18       " "      30000     16.3541        19.50                   " "
3-19       " "      25000     16.22            19.55                   " "
3-20       " "      25000     16.425          19.74                   " "
3-23       " "      25000     16.525          19.77                   " "
3-24       " "      22500     16.7292        19.83                   " "
3-25       " "      90900     17.1916        19.97                   " "
3-26       " "    100000     16.9833        19.83                   " "
3-27       " "      15000     17.1042        19.87                   " "
3-30       " "      40000     16.8062        19.68                   " "
3-31       " "      25000     17.00            19.80                   " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer

Date of Statement          4/6/98	
					          



</TEXT>

</DOCUMENT>
</SEC-DOCUMENT>
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