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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000858706-01-500011.txt : 20010605
<SEC-HEADER>0000858706-01-500011.hdr.sgml : 20010605
ACCESSION NUMBER:		0000858706-01-500011
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010531
FILED AS OF DATE:		20010604

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:		1653258

	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>n23c1new05.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 MAY 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

05-01    GF     1700     8.1500       9.70	       Weeden & Co.
05-02   " "     6700     8.1440       9.82              " "
05-03   " "     5200     8.1223       9.58              " "
05-04   " "     1800     8.1600       9.63		  " "
05-07   " "     2800     8.0500       9.60              " "
05-08   " "     4900     8.0849       9.59              " "
05-09   " "     5600     8.1000       9.45              " "
05-10   " "     5300     8.2377       9.46              " "
05-11   " "     5600     8.1014       9.36              " "
05-14   " "     5300     7.8206       9.17              " "
05-15   " "     5000     7.8680       9.25              " "
05-16   " "     5300     7.7892       9.36              " "
05-17   " "     4600     7.6891       9.55              " "
05-18   " "     5300     7.7200       9.49              " "
05-21   " "     6000     7.7088       9.58              " "
05-22   " "     5700     7.8289       9.65              " "
05-23   " "     5900     7.7581       9.43              " "
05-24   " "     6000     7.6850       9.47              " "
05-25   " "     5800     7.6310       9.43              " "
05-29   " "     5000     7.5530       9.27              " "
05-30   " "     4700     7.4191       9.03              " "
05-31   " "     4900     7.3347       8.97              " "



The New Germany Fund, Inc.
    (Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement          06/01/01



</TEXT>
</DOCUMENT>
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