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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000889812-00-002132.txt : 20000509
<SEC-HEADER>0000889812-00-002132.hdr.sgml : 20000509
ACCESSION NUMBER:		0000889812-00-002132
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000430
FILED AS OF DATE:		20000508

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:		621647

	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>REPORT FOR CALENDAR MONTH APRIL 2000
<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 APRIL 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

04-03   CEE      2700     16.8750     22.89        Weeden & Co
04-04   " "      4900     16.5663     22.53             " "
04-05   " "      4900     15.7207     22.35             " "
04-06   " "      1900     16.1250     22.78             " "
04-07   " "      4900     16.1760     23.11             " "
04-10   " "      3900     16.3910     23.29             " "
04-11   " "      3900     16.1715     22.48             " "
04-12   " "      1300     16.0337     22.55             " "
04-13   " "      3900     16.0304     22.16             " "
04-14   " "      2500     15.6375     21.75             " "
04-17   " "      2000     14.6938     20.63             " "
04-18   " "      1300     14.6971     20.68             " "
04-19   " "      2000     15.1563     20.63             " "
04-20   " "      1400     14.9554     20.35             " "
04-24   " "      2700     14.8704     20.38             " "
04-25   " "      1200     14.9583     20.32             " "
04-26   " "      3200     15.2461     20.53             " "
04-27   " "      2600     15.0721     20.02             " "
04-28   " "      2300     15.0572     20.28             " "



The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          05/08/00


                                     Page 1

</TEXT>
</DOCUMENT>
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