-----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,
 Hr4EXdlkO1FSYxQMnWaI6F+Viw/IQN8zKQjifWcRFYQzqeO/0BcKIpTdy8Ram/6o
 cUFhqD75e63fEJ3NAwq3/Q==

<SEC-DOCUMENT>0000858706-99-000007.txt : 19990311
<SEC-HEADER>0000858706-99-000007.hdr.sgml : 19990311
ACCESSION NUMBER:		0000858706-99-000007
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990128
FILED AS OF DATE:		19990310

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:		99561868

	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  FEBRUARY 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      

2-1     GF     10500    12.6768        15.33 	     Bear Stearns
2-2     " "    62500    12.4327        15.34         Paine Webber
2-3     " "    11000    12.2955        15.19              " "
2-4     " "     5000    12.3125        15.12              " "
2-5     " "     8000    12.125         15.35              " "
2-8     " "    69000    12.1875        15.45              " "
2-10    " "    19800    11.9072        15.27         Bear Stearns
2-11    " "    18000    12.1587        15.28         Paine Webber
2-12    " "    10000    12.1875        15.26              " "
2-16    " "    21000    12.3051        15.16         Bear Stearns
2-17    " "    15900    12.1419        15.23              " "
2-18    " "    20000    12.125         15.19              " "
2-19    " "     7200    12.1771        14.98              " "
2-22    " "     8300    12.00          14.82         Paine Webber
2-23    " "    45000    12.2361        14.79              " "
2-24    " "    10000    12.2813        14.90              " "
2-25    " "    12000    12.0625        14.91              " "
2-26    " "    15000    12.0625        14.78              " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Laura Weber - Assistant Treasurer
Date of Statement          3/10/99	
					          

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