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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>0000889812-00-000050.txt : 20000202
<SEC-HEADER>0000889812-00-000050.hdr.sgml : 20000202
ACCESSION NUMBER:		0000889812-00-000050
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19991231
FILED AS OF DATE:		20000110

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:		504418

	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
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>


<PAGE>

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 DECEMBER 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

12-01    GF    25500    11.2623        14.24            Weeden & Co.
12-02   " "    25500    11.2010        14.21                " "
12-03   " "    21000    11.5000        14.21                " "
12-07   " "    24000    11.3125        14.56                " "
12-08   " "     9100    11.2974        14.72                " "
12-09   " "    10000    11.4375        14.84                " "
12-10   " "    24000    11.5245        14.75                " "
12-14   " "    21600    11.5451        14.64                " "
12-15   " "    19800    11.4059        14.32                " "
12-16   " "    11600    11.5625        14.68                " "
12-17   " "    21600    11.7141        14.67                " "
12-20   " "    17900    11.6529        14.52                " "
12-21   " "    17900    11.4962        14.68                " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement          01/03/00



                                     Page 1

<PAGE>

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 DECEMBER 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

12-22    GF    17900    11.8024        14.75            Weeden & Co.
12-23   " "    17900    12.1149        15.10                " "
12-27   " "    17500    12.3482        14.98                " "
12-28   " "    17500    12.1071        14.90                " "
12-29   " "    17500    12.1154        14.88                " "
12-30   " "    17500    12.0357        15.00                " "
12-31   " "    16900    12.2356        15.07                " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement          01/03/00




                                     Page 2

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