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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000860489-99-000011.txt : 19990511
<SEC-HEADER>0000860489-99-000011.hdr.sgml : 19990511
ACCESSION NUMBER:		0000860489-99-000011
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990430
FILED AS OF DATE:		19990510

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:		99615318

	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   APRIL 1999

        THE CENTRAL EUROPEAN EQUITY, INC.
(Name of registered closed-end investment company)

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


4-1   CEE       4600     11.9198     15.13         Paine Webber		
4-5	" "       5800     12.2306     15.11             " "
4-6	" "       5800     12.3987     15.31             " "
4-7	" "       5000     12.6388     15.58.            " "
4-8	" "      58800     12.8601     15.84             " "
4-9	" "      20800     12.8023     15.83             " "
4-13	" "       6000     12.5594     15.72             " "
4-14	" "       5000     12.3875     15.64             " "
4-15	" "       2200     12.5313     15.56         Weeden & Co 
4-16	" "       6300     12.5694     15.47             " "
4-19  " "       6800     12.6526     15.71             " "
4-20	" "       4100     12.6509     15.73             " "
4-21	" "       4000     12.6172     15.77             " "
4-22	" "       6800     12.6434     15.82             " "
4-23	" "       6000     12.75       15.94             " "
4-26	" "       2300     12.7038     15.91             " "

		
The Central European Equity Fund, Inc.
Name of Registrant
By Laura Weber - Assistant Treasurer
Date of Statement          5/10/99				



	          

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