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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 eCRiANS79z6xiQ/UyXLC5Q==

<SEC-DOCUMENT>0000858706-98-000011.txt : 19980507
<SEC-HEADER>0000858706-98-000011.hdr.sgml : 19980507
ACCESSION NUMBER:		0000858706-98-000011
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980430
FILED AS OF DATE:		19980506
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:		98611319

	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     APRIL 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      

As Of Trade
3-31      GF      25000    17.05          19.80              Weeden & Co


4-1        GF      25000    16.725        19.85              Weeden & Co 
4-2         " "      45000     16.8402      20.02                   " "
4-3         " "      35000     16.982        20.13                   " "
4-6         " "      50000     17.3437      20.23                   " "
4-7         " "      55200     17.3817      20.34                   " "
4-8         " "      50000     17.206        20.36                   " "
4-9         " "      58000     17.487        20.64                   " "	
4-13       " "      20000     17.6562      20.53                   " "
4-14       " "    109500     17.9369      20.85                   " "
4-15       " "      36300     17.9569      20.81                   " "
4-16       " "    325000     17.844        20.59                   " "
4-17       " "    600000     17.7552      20.63                   " "
4-20       " "    125000     18.182        20.91                   " "
4-21       " "    196800     18.11          21.21                   " "
4-22       " "      30000     18.01          21.19                   " "
4-23       " "    143400     17.897        20.98                   " "
4-24       " "      34000     17.599        20.78                   " "
4-27       " "    216300     17.599        20.32                   " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer

Date of Statement          5/4/98	
					          

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