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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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 McMUIy49QOrOiCq7LL2prw==

<SEC-DOCUMENT>0000858706-98-000021.txt : 19980911
<SEC-HEADER>0000858706-98-000021.hdr.sgml : 19980911
ACCESSION NUMBER:		0000858706-98-000021
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980831
FILED AS OF DATE:		19980910
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:		98706906

	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    AUGUST 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      

8-3        GF     11400    17.4282        21.93           Bear Stearns 
8-4        " "      11400    17.5625        22.03                  " "
8-5        " "      36000    17.066          21.73           Weeden & Co.
8-6        " "      10000    17.1875        21.56                  " "
8-7        " "      20000    17.4844        21.70                  " "
8-19      " "      90000    17.26            20.97                  " "
8-21      " "      95000    15.871          20.35                  " "
8-25      " "      60000    16.348          20.19                  " "
8-26      " "      65000    15.6506        19.90                  " "
8-28      " "      15200    14.435          18.79                  " "
8-31      " "      15200    13.7039        18.90                  " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Joseph Cheung - Treasurer
Date of Statement          9/10/98	
					          

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