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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 8v1tg8xpHPkA1F8Ya39+DQ==

<SEC-DOCUMENT>/in/edgar/work/20000705/0000889812-00-003048/0000889812-00-003048.txt : 20000920
<SEC-HEADER>0000889812-00-003048.hdr.sgml : 20000920
ACCESSION NUMBER:		0000889812-00-003048
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000630
FILED AS OF DATE:		20000705

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:		667645
</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 JUNE 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


06-01   CEE      2000     14.3125     20.42             Weeden & Co
06-02   " "      2000     14.6875     21.32             " "
06-05   " "      3400     14.7096     21.20             " "
06-05   " "     50000     14.7500     21.20        Bear Stearns
06-06   " "    100000     14.6250     21.05             " "
06-07   " "      2400     14.6510     20.90          Weeden & Co
06-08   " "      3400     14.6103     20.94             " "
06-09   " "      3400     14.9559     20.86             " "
06-12   " "      7700     15.0422     20.82             " "
06-13   " "      7700     15.0325     20.63             " "
06-14   " "       600     14.7500     20.76             " "
06-15   " "      2100     14.8720     20.55             " "
06-16   " "       200     14.8125     20.56             " "
06-19   " "      3500     15.1250     20.53             " "
06-21   " "      4500     15.1250     20.35             " "
06-22   " "      4900     15.1148     20.12             " "
06-26   " "      5100     15.0000     20.04             " "
06-27   " "      7600     14.9852     20.34             " "
06-28   " "      5400     14.8218     20.27             " "
06-29   " "      3300     14.8617     19.98             " "
06-30   " "       400     14.7500     20.09             " "



The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          07/03/00




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