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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000891092-06-001494.txt : 20060613
<SEC-HEADER>0000891092-06-001494.hdr.sgml : 20060613
<ACCEPTANCE-DATETIME>20060612174848
ACCESSION NUMBER:		0000891092-06-001494
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060613
DATE AS OF CHANGE:		20060612
EFFECTIVENESS DATE:		20060613

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:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05983
		FILM NUMBER:		06900763

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		800-437-6269

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LENOX FUND INC
		DATE OF NAME CHANGE:	19900115
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>e24250defa14a.htm
<DESCRIPTION>ADDITIONAL PROXY MATERIALS
<TEXT>
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<title></title>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SCHEDULE 14A </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(RULE 14a-101)  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>INFORMATION REQUIRED
IN PROXY STATEMENT                             <br>
  SCHEDULE 14A INFORMATION </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Proxy Statement
Pursuant to Section 14(a) of the Securities                               <br>
  Exchange Act of
1934 </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Filed by the Registrant [<b>X</b>] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Filed by a party other than the
Registrant [&nbsp;&nbsp;   ] </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;]    </font></TD>
    <TD WIDTH=95%><font face="Times New Roman, Times, Serif" size=2>Preliminary proxy statement</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;] </font></TD>
    <TD WIDTH=95%><font face="Times New Roman, Times, Serif" size=2>Definitive proxy statement</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2> [<b>X</b>]</font></TD>
    <TD WIDTH=95%><font face="Times New Roman, Times, Serif" size=2>Definitive additional materials.</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;] </font></TD>
    <TD WIDTH=95%><font face="Times New Roman, Times, Serif" size=2>Soliciting material under Rule 14a-12.</font></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;&nbsp;] </FONT></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)). </FONT></TD>
  </TR>
</TABLE>
<BR>

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<P ALIGN=CENTER>
<div align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THE NEW GERMANY FUND,
INC.                 <br>
  </FONT></div>
<hr size="1" noshade align="center">
<div align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Name of Registrant as Specified in Its Charter) </FONT></div>

<div align="center"><!-- MARKER FORMAT-SHEET="Center no bold" FSL="Workstation" -->
</div>
<P ALIGN=center>
<hr size="1" noshade>
<div align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name of Person(s)
Filing Proxy Statement, if Other Than the Registrant) </FONT><!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
</div>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Payment of filing fee (check the
appropriate box): </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[<b>X</b>]</FONT></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

No fee required. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;] </font></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(1)
     </font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Title of each class of securities to which transaction applies: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(2)
     </font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Aggregate number of securities to which transaction applies: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(3)
     </font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Per unit price or other underlying value of transaction computed          pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the          filing fee is
calculated and state how it was determined): </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(4)
     </font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Proposed maximum aggregate value of transaction: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(5)
     </font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Total fee paid: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;] </font></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Fee paid previously with preliminary materials. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>[&nbsp;&nbsp;&nbsp;] </font></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the form or schedule and the date of
its filing. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(1)
</font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Amount Previously Paid: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
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    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(2)
</font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Form, Schedule or Registration Statement No.: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(3)
</font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Filing Party: </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
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    <TD WIDTH=5%><font face="Times New Roman, Times, Serif" size=2>(4)
</font></TD>    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Date Filed: </FONT></TD>
</TR>
</TABLE>
<BR>

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<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>



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<P ALIGN=right><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><font size="5">The New Germany Fund,
Inc. </font></B></FONT></P>
<font size="5"><!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
</font>
<P ALIGN=LEFT><font face="Times New Roman, Times, Serif" size="5"><B>Press Release </B></font></P>

<hr width="100%" noshade size="5">
<hr align="left" noshade width="50%" size="1">
<b><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOR IMMEDIATE RELEASE </FONT></b><b>
</b>

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<p><b><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For additional information: </FONT></b><br>
  <b><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mayura Hooper (212) 250-5536, Media <br>
  </FONT></b><b><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jonathan Diorio (212) 454-2208,
Investors</FONT></b>
<hr align="left" noshade width="50%" size="1">

<!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FOR IMMEDIATE RELEASE </B></FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>INSTITUTIONAL
SHAREHOLDER SERVICES (ISS) RECOMMENDS THAT <br>
  SHAREHOLDERS SUPPORT THE NEW GERMANY FUND </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>New
York, New York, June 12, 2006</b> &#150; The New Germany Fund, Inc. (NYSE: GF) announced today that
Institutional Shareholder Services (&#147;ISS&#148;),  a leading independent proxy advisory firm, is
recommending that shareholders support the Fund&#146;s incumbent directors with a
recommendation to vote FOR the re-election of Dr. Franz Wilhelm Hopp, Mr. Ernst-Ulrich
Matz and Dr. Frank Tr&#246;mel to the Fund&#146;s board. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In its independent analysis, ISS
points out that &#147;Mr. Goldstein&#146;s proposal would allow shareholders to realize
NAV for some or all of their shares. However, it may also have adverse effects such as
increasing the Fund&#146;s expense ratio and the potential risk to long-term shareholder
value. ... The result of this could be damaging for any shareholders who continue to hold
their shares.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ISS further stated that &#147;The
board seems aware of the importance of protecting the value of all shareholders&#146; interests
in the Fund by attempting to reduce the market discount to NAV at which the Fund&#146;s
shares have historically traded. The Fund&#146;s board and investment advisor have taken
steps to address the Fund&#146;s discount, which is evidenced in the cash tender offer.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On June 5, 2006, the Fund announced
that it would make a cash tender offer within 60 days after the end of the measurement
period if the average daily discount exceeded 10% during the period July 1 - December 31,
2006. The tender offer would be for up to 10% of the Fund&#146;s outstanding shares at a
price of 95% of net asset value per share.  </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ISS is also recommending that
shareholders vote AGAINST proposals 3, 4 and 5, which include the proposals sponsored by
Mr. Goldstein that are part of his attempts to force the liquidation of the Fund.  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2># # # </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund is non-diversified and can take larger positions in fewer companies, increasing its
overall risk profile. Investments in securities of foreign issuers present greater risks
including currency fluctuations and changes in political/economic conditions. Foreign
securities markets generally exhibit greater price volatility and less liquidity than the
US markets. </FONT></P>

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<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>





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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares
of closed-end funds frequently trade at a discount to net asset value. The price of the
Fund&#146;s shares is determined by a number of factors, several of which are beyond the
control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at,
below or above net asset value. Past performance does not guarantee future results. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fund
shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed
by, any bank. Fund shares involve investment risk, including possible loss of principal.
This announcement is not an offer to purchase or the solicitation of an offer to sell
shares of the Fund or a prospectus, circular or representation intended for use in the
purchase or sale of Fund shares. (06/06 45445) </FONT></P>

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<table width=100% align="center">
  <tr align="center" valign=top>
    <td colspan="2">
      <hr noshade size="1">
    </td>
  </tr>
  <tr align="center" valign=top>
    <td width=44%>
      <div align="left"><b><font size=2>NOT
FDIC/NCUA INSURED MAY LOSE VALUE<br>
      NOT A DEPOSIT      </font></b></div>
    </td>
    <td width=56%>
      <div align="right"><b><font size=2>NO BANK GUARANTEE<br>
      NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY</font></b></div>
    </td>
  </tr>
  <tr align="center" valign=top>
    <td colspan="2">
      <hr noshade size="1">
    </td>
  </tr>

</table>

<p>&nbsp;</p>
<table width=100%>
  <tr>
    <td width=20% align=left><font size=1>&nbsp;</font></td>
    <td width=60% align=center><font size="2">
</font></td>
    <td width=20% align=right><font size="1">&nbsp;</font></td>
  </tr>
</table>
<hr size=5 noshade width=100% align=LEFT>



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</DOCUMENT>
</SEC-DOCUMENT>
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