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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 PcRQC6Ta8HRpmx8EDSQBNnLeU06IQru2ygBYnKle9ewLmxbg14/bThB82YNUepgE
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<SEC-DOCUMENT>0000858706-99-000002.txt : 19990211
<SEC-HEADER>0000858706-99-000002.hdr.sgml : 19990211
ACCESSION NUMBER:		0000858706-99-000002
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990131
FILED AS OF DATE:		19990210

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:		99527927

	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  JANUARY 1999

           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      

1-6     GF     71500    14.3194        17.24 	     Bear Stearns
1-7     " "    21500    14.0828        17.14              " "
1-8     " "    21500    14.0843        16.86              " "
1-11    " "    22000    13.621         16.67              " "
1-12    " "    22000    13.2778        16.50              " "
1-13    " "    19600    12.691         16.10              " "
1-14    " "    13900    12.8031        16.14              " "
1-15    " "    18500    12.9436        15.96              " "
1-19    " "    23000    13.0715        16.09              " "
1-20    " "    19300    13.3475        16.12              " "
1-21    " "    23000    13.0473        16.05              " "
1-22    " "    23000    12.875         15.68              " "
1-25    " "    11000    12.6438        15.57              " "
1-26    " "    12000    12.6349        15.56              " "
1-27    " "    12000    12.9526        15.58              " "
1-28    " "     7500    12.8125        15.42              " "
1-29    " "     5100    12.75          15.43              " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Laura Weber - Assistant Treasurer
Date of Statement          2/9/99	
					          

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