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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000889812-00-000309.txt : 20000203
<SEC-HEADER>0000889812-00-000309.hdr.sgml : 20000203
ACCESSION NUMBER:		0000889812-00-000309
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000131
FILED AS OF DATE:		20000202

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:		520410

	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
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>


<PAGE>

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 2000

        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

01-03     CEE     10000     14.8438     19.02        Weeden & Co
01-04     " "     10000     14.5188     19.09             " "
01-05     " "      5800     14.3125     18.82             " "
01-06     " "     10000     14.4750     19.15             " "
01-07     " "     20000     15.3056     19.75             " "
01-10     " "     20000     16.1141     20.38             " "
01-11     " "     12500     15.9880     20.36             " "
01-12     " "      2000     15.6875     20.32             " "
01-13     " "      4800     16.2240     20.66             " "
01-14     " "     18000     16.5153     21.10             " "
01-18     " "     10000     16.2500     21.03             " "
01-19     " "     12700     16.1727     20.83             " "
01-20     " "     15600     16.4992     21.10             " "
01-21     " "     12000     16.2500     20.88             " "
01-24     " "     15600     16.1587     20.70             " "
01-25     " "     32000     15.7871     20.02             " "
01-26     " "     10000     16.0313     20.24             " "
01-27     " "     13300     16.2458     20.61             " "
01-28     " "     28100     16.1190     20.41             " "
01-31     " "     17400     15.6358     19.83             " "



The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          02/01/00


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