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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000858706-01-500003.txt : 20010307
<SEC-HEADER>0000858706-01-500003.hdr.sgml : 20010307
ACCESSION NUMBER:		0000858706-01-500003
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010228
FILED AS OF DATE:		20010302

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:		1559851

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2124741694

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LENOX FUND INC
		DATE OF NAME CHANGE:	19900115
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<FILENAME>n23c1new02.txt
<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 2001

           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

02-01    GF     8000     9.9853       12.14	       Weeden & Co.
02-02   " "     7400     9.9200       11.90              " "
02-05   " "     7400     9.7022       11.87              " "
02-06   " "     9000     9.7500       12.01		   " "
02-07   " "     7300     9.7000       11.70              " "
02-08   " "     9000     9.6862       11.45              " "
02-09   " "     8400     9.4774       11.42              " "
02-12   " "     5500     9.5273       11.57              " "
02-13   " "     8000     9.4798       11.59              " "
02-14   " "     7400     9.3351       11.34              " "
02-15   " "     8000     9.3805       11.31              " "
02-16   " "     7600     9.2159       11.30              " "
02-20   " "     8000     9.1688       10.75              " "
02-21   " "     7600     8.9066       10.78              " "
02-22   " "     8000     8.7150       10.44              " "
02-23   " "     7600     8.5209       10.30              " "
02-26   " "     5600     8.5821       10.57              " "
02-27   " "     9000     8.7244       10.68              " "
02-28   " "     8000     8.6933       10.62              " "



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



</TEXT>
</DOCUMENT>
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