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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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<SEC-DOCUMENT>0000858706-98-000025.txt : 19981111
<SEC-HEADER>0000858706-98-000025.hdr.sgml : 19981111
ACCESSION NUMBER:		0000858706-98-000025
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19981031
FILED AS OF DATE:		19981110

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:		98741436

	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  OCTOBER 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      

10-1        GF   17700    13.613          17.79 	     Bear Stearns
10-2        " "    12700    13.434           17.13                  " "
10-5        " "    11000    13.428           16.96                  " "
10-6        " "    11000    13.652           17.42                  " "
10-7        " "    11000    13.561           17.41                  " "
10-8        " "    11000    12.814           16.60                  " "
10-9        " "    11000    13.116           16.58                  " "
10-13      " "      9991    13.625           17.31                  " "
10-14      " "      7591    13.489           17.83                  " "
10-15      " "      3891    14.2742         18.42                  " "
10-16      " "      9991    14.885           18.69                  " "
10-19      " "      9856    14.75             18.74                  " "
10-20      " "      9856    15.1921         18.71                  " "
10-21      " "      9856    15.21             18.42                  " "
10-22      " "      9856    15.0512         18.53                  " "
10-23      " "      9856    15.1875         18.72                  " "
10-26      " "    14600    15.4953         18.66                  " "
10-27      " "    14600    15.765           18.87                  " "
10-28      " "    14600    15.625           18.63                  " "
10-29      " "    39600    15.7876         18.64                  " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Joseph Cheung - Treasurer
Date of Statement          11/10/98	
					          

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