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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 p3SAJ86eQ4hkN5b7PI1wPw==

<SEC-DOCUMENT>0000860489-98-000006.txt : 19980211
<SEC-HEADER>0000860489-98-000006.hdr.sgml : 19980211
ACCESSION NUMBER:		0000860489-98-000006
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980131
FILED AS OF DATE:		19980210
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL EUROPEAN EQUITY FUND INC /MD/
		CENTRAL INDEX KEY:			0000860489
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133556099
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00185
		FILM NUMBER:		98527945

	BUSINESS ADDRESS:	
		STREET 1:		31 WEST 52ND ST
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2124747000

	MAIL ADDRESS:	
		STREET 1:		31 WEST 52ND STREET
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FUTURE GERMANY FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED GERMANY FUND INC
		DATE OF NAME CHANGE:	19900219
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<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   JANUARY 1998

			           THE CENTRAL EUROPEAN EQUITY, INC.

(Name of registered closed-end investment company)

               						              Approx Asset 
Date           Number     Price   Value or Approx   Name of seller
Each   Ident   Shares      Per    Asset Cov/Share       or of
Trans  of Sec  Purch      Share   at Time of Purch  Seller's Broker    

1-8    		CEE	   	 6000    18.5625	    22.30	          Weeden & Co									
1-8		    " "     14700    18.5199	    22.30			            
1-9		    " "		  100000	   18.534	     21.77		              " "
1-12		   " "		    7000    17.847    	 20.31			             " "
1-13		   " "		    7000    18.375	     20.92			             " "
1-14		   " "		    7000	   18.1875    	20.54		              " "
1-15		   " "		    7000	   17.9375	    20.33		     	        " "
1-16		   " "	   	 7000    17.1875    	20.62		              " "
1-20		   " "	     7000    17.25    	  20.94		              " "
1-21		   " "		    7000    17.125	     20.71			             " "
1-22		   " "		    7000	   16.9375    	20.46			             " "
1-23		   " "		    7000	   16.6875	    20.36			             " "
1-26		   " "		    8000	   16.75    	  20.26			             " "
1-27		   " "		   20000    16.8525    	20.35			             " "
1-28		   " "		   75000	   17.0416    	20.38			             " "
The Central European Equity Fund, Inc.
	       Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement          2/10/98					          

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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