-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CTpPzhcBFNNCxrtQQu0xoyqQ+G18OmfLR0NCp4CR/Vol3sxu7VPZMxySiD4jUMDi
 vdzDveaZlN28xHdOBpH0bA==

<SEC-DOCUMENT>0000858706-98-000016.txt : 19980812
<SEC-HEADER>0000858706-98-000016.hdr.sgml : 19980812
ACCESSION NUMBER:		0000858706-98-000016
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980731
FILED AS OF DATE:		19980810
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:		98680791

	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     JULY 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      

7-6        GF     13900    18.292         22.02           Bear Stearns 
7-7        " "      13900    18.4375         22.00                  " "
7-8        " "      13900    18.81             22.16                  " "
7-9        " "    100000    18.9375         22.04                  " "
7-9        " "      13900    18.893           22.04                  " "
7-15      " "      16500    18.7466         22.71                  " "
7-17      " "        5000    18.875           23.02                  " "
7-20      " "      14100    19.0412         23.23                  " "
7-21      " "      14100    19.1679         23.14                  " "
7-22      " "      14100    18.8231         22.88                  " "
7-23      " "      14100    18.625           22.72                  " "
7-24      " "        7500    18.66             22.60                  " "
7-27      " "      12600    18. 5              22.31                  " "
7-28      " "     12600    18.3715          22.32                  " "
7-29      " "      12600    17.9702         22.22                  " "
7-30      " "        6600    18.1875         22.43                  " "
7-31      " "      12600    18.0625         22.32                  " "


The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer

Date of Statement          8/10/98	
					          

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
