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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>0000858706-99-000011.txt : 19990511
<SEC-HEADER>0000858706-99-000011.hdr.sgml : 19990511
ACCESSION NUMBER:		0000858706-99-000011
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990430
FILED AS OF DATE:		19990510

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:		99615294

	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  APRIL 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      

4-1     GF     15000    12.2333        14.72	     Paine Webber
4-5     " "    13600    12.0092        14.60              " "
4-6     " "    16200    12.1875        14.63              " "
4-7     " "    16000    12.3125        14.68		    " "
4-8     " "    15800    12.6088        14.82              " "
4-9     " "    50000    12.50          14.80         Bear Stearns
4-13    " "     4300    12.1323        14.82         Paine Webber
4-14    " "    10000    12.2488        14.76              " "
4-15    " "    13000    12.25          14.68          Weeden & Co.
4-16    " "    11500    12.0978        14.53              " "
4-19    " "    11900    11.9979        14.51              " "
4-20    " "     7700    11.6412        14.34 		    " "
4-21    " "     8000    11.8617        14.35              " "
4-22    " "    11900    11.9774        14.39              " "
4-23    " "    16000    11.5273        14.48              " "
4-26    " "    13100    11.7925        14.39              " "
4-27    " "    22900    12.0027        14.65              " "
4-28    " "    23000    12.0739        14.78              " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Laura Weber - Assistant Treasurer
Date of Statement          5/10/99	
	

			          

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