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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000858706-04-000004.txt : 20040408
<SEC-HEADER>0000858706-04-000004.hdr.sgml : 20040408
<ACCEPTANCE-DATETIME>20040408153129
ACCESSION NUMBER:		0000858706-04-000004
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040331
FILED AS OF DATE:		20040408
EFFECTIVENESS DATE:		20040408

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:		04724869

	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>n23c1new0304.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 MARCH 2004

           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

03-01    GF    20000     8.0923       9.73	       Weeden & Co.
03-02   " "    14000     8.1000       9.69              " "
03-03   " "     4000     7.9800       9.44		  " "
03-04   " "     7200     7.9572       9.49		  " "
03-05   " "     4000     7.9565       9.74              " "
03-08   " "    24000     8.0975       9.75              " "
03-09   " "    20000     8.0007       9.60              " "
03-10   " "    15000     7.8500       9.35              " "
03-11   " "     8000     7.4548       9.05              " "
03-12   " "    19200     7.5543       9.09              " "
03-15   " "    10000     7.3670       8.87              " "
03-16   " "    15000     7.2302       8.92              " "
03-17   " "    18000     7.3600       9.01              " "
03-18   " "    10000     7.3271       8.98              " "
03-19   " "    17000     7.2465       8.97              " "
03-22   " "    13000     7.0000       8.72              " "
03-23   " "     9200     7.0783       8.71              " "
03-24   " "    15000     6.9820       8.64              " "
03-25   " "    18000     7.1300       8.85              " "
03-26   " "     2600     7.1238       8.90              " "
03-29   " "      500     7.2700       9.03              " "



The New Germany Fund, Inc.
    (Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement          4/5/04




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