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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000607/0000889812-00-002722/0000889812-00-002722.txt : 20000919
<SEC-HEADER>0000889812-00-002722.hdr.sgml : 20000919
ACCESSION NUMBER:		0000889812-00-002722
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000531
FILED AS OF DATE:		20000607

FILER:

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

		FILING VALUES:
			FORM TYPE:		N-23C-1
			SEC ACT:		
			SEC FILE NUMBER:	817-00185
			FILM NUMBER:		650733
</FILING-VALUES>

			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
</BUSINESS-ADDRESS>

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

					FORMER COMPANY:	
						FORMER CONFORMED NAME:	FUTURE GERMANY FUND INC
						DATE OF NAME CHANGE:	19920703
</FORMER-COMPANY>

						FORMER COMPANY:	
							FORMER CONFORMED NAME:	UNITED GERMANY FUND INC
							DATE OF NAME CHANGE:	19900219
</FORMER-COMPANY>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>FORM N-23C-1
<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 MAY 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


05-01   CEE    3000      14.8542     20.36          Weeden & Co
05-02   " "    3000      14.6458     20.61             " "
05-03   " "    3000      14.4208     20.21             " "
05-04   " "    2300      14.3560     19.90             " "
05-05   " "    3000      14.2083     19.69             " "
05-08   " "    3400      14.0993     19.69             " "
05-09   " "    3400      13.9743     19.57             " "
05-10   " "    2400      13.9271     19.64             " "
05-11   " "    3200      14.2383     19.91             " "
05-15   " "    2400      14.3750     20.24             " "
05-16   " "    3400      14.6250     20.36             " "
05-17   " "    2200      14.3864     19.73             " "
05-18   " "    3200      14.2324     19.67             " "
05-19   " "    3200      13.7383     18.80             " "
05-22   " "    1700      13.4926     18.58             " "
05-23   " "    1000      13.4375     18.63             " "
05-24   " "     600      13.3125     18.31             " "
05-25   " "    2000      13.3750     18.69             " "
05-26   " "    3000      13.3542     18.70             " "
05-30   " "    3000      13.7604     19.94             " "
05-31   " "    2300      14.0924     20.06             " "



The Central European Equity Fund, Inc.
Name of Registrant



                                     Page 1

<PAGE>

By Isabella Chan - Fund Administrator
Date of Statement          06/06/00















                                     Page 2

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