-----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,
 S+9rpLUYsEfUT7vkwKpDrymTE2vW5xtwO9cr4wBMfQGE05YXjYCgjvD7L2CMfFeT
 +OlYWvyQOS4SYD97lXtSHA==

<SEC-DOCUMENT>0000858706-03-000006.txt : 20030604
<SEC-HEADER>0000858706-03-000006.hdr.sgml : 20030604
<ACCEPTANCE-DATETIME>20030604103912
ACCESSION NUMBER:		0000858706-03-000006
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030531
FILED AS OF DATE:		20030604
EFFECTIVENESS DATE:		20030604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW GERMANY FUND INC
		CENTRAL INDEX KEY:			0000858706
		IRS NUMBER:				133555471
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00201
		FILM NUMBER:		03731493

	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>n23c1new0503.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 2003

           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     4.2600       5.47	       Weeden & Co.
05-02   " "     1400     4.2950       5.49              " "
05-05   " "      800     4.3800       5.61		  " "
05-06   " "     1000     4.4230       5.69		  " "
05-07   " "      700     4.4100       5.67              " "
05-08   " "     3500     4.3800       5.57              " "
05-09   " "     1500     4.4000       5.67              " "
05-12   " "      500     4.4500       5.71              " "
05-13   " "     1000     4.4600       5.74              " "
05-14   " "      800     4.5200       5.73              " "
05-15   " "      200     4.5400       5.77              " "
05-16   " "     1000     4.5500       5.82              " "
05-19   " "      700     4.4300       5.78              " "
05-20   " "     2000     4.4435       5.76              " "
05-21   " "      600     4.4500       5.71              " "
05-22   " "      700     4.4900       5.79              " "
05-23   " "     1500     4.4800       5.85              " "
05-27   " "     6500     4.4569       5.93              " "
05-28   " "     5000     4.6478       5.99              " "
05-29   " "     2500     4.6984       6.06              " "
05-30   " "    12000     4.6726       6.12              " "



The New Germany Fund, Inc.
    (Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement          6/3/03




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