-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 7pwqmKJOqo7hrh74qxoHpw==

<SEC-DOCUMENT>0000927016-01-000605.txt : 20010212
<SEC-HEADER>0000927016-01-000605.hdr.sgml : 20010212
ACCESSION NUMBER:		0000927016-01-000605
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010209

SUBJECT COMPANY:	

	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:		SC 13G/A
		SEC ACT:		
		SEC FILE NUMBER:	005-49273
		FILM NUMBER:		1531080

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2124741694

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRESIDENT & FELLOWS OF HARVARD COLLEGE
		CENTRAL INDEX KEY:			0000315016
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042103580
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O HARVARD MANAGEMENT COMPANY INC
		STREET 2:		600 ATLANTIC AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		6175234400
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>AMENDMENT # 1 TO SCHEDULE 13G
<TEXT>

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                   --------

                                 SCHEDULE 13G
                                (Rule 13d-102)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
         TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                           PURSUANT TO RULE 13d-2(b)

                             (Amendment No. 1)/1/

                       Central European Equity Fund Inc.
               ----------------------------------------------
                                (Name of Issuer)

                                 Common Stock
               ----------------------------------------------
                         (Title of Class of Securities)

                                   153436100
               ----------------------------------------------
                                 (CUSIP Number)

                               December 31, 2000
               ----------------------------------------------
            (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [X] Rule 13d-1(b)
     [_] Rule 13d-1(c)
     [_] Rule 13d-1(d)


__________________
     /1/The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>

 ---------------------                                 -------------------
  CUSIP No. 153436100               13G                 Page 2 of 4 Pages
 ---------------------                                 -------------------


- ------------------------------------------------------------------------------
 1.   NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          President and Fellows of Harvard College
- ------------------------------------------------------------------------------
 2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) [_]
                                                                (b) [_]
- ------------------------------------------------------------------------------
 3.   SEC USE ONLY

- ------------------------------------------------------------------------------
 4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          Massachusetts
- ------------------------------------------------------------------------------
                     5.   SOLE VOTING POWER
                              937,801 shares
     NUMBER OF

       SHARES       -----------------------------------------------------------
                     6.   SHARED VOTING POWER
   BENEFICIALLY               ----

     OWNED BY
                   -----------------------------------------------------------
       EACH          7.   SOLE DISPOSITIVE POWER
                              937,801 shares
    REPORTING

      PERSON       -----------------------------------------------------------
                     8.   SHARED DISPOSITIVE POWER
       WITH                   ----

- ------------------------------------------------------------------------------
 9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
               937,801 shares
- ------------------------------------------------------------------------------
10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES         [_]
      CERTAIN SHARES*
- ------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
               10.7%
- ------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON*
               EP
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

                                 SCHEDULE 13G
                                 ------------

Item 1(a)  Name of Issuer:
               Central European Equity Fund Inc.

     1(b)  Address of Issuer's Principal Executive Offices:
               280 Park Avenue
               New York, New York 10017

Item 2(a)  Name of Person Filing:
               President and Fellows of Harvard College

     2(b)  Address of Principal Business Office or, if none, Residence:
               c/o Harvard Management Company, Inc.
               600 Atlantic Avenue
               Boston, MA 02210

     2(c)  Citizenship:
               Massachusetts

     2(d)  Title of Class of Securities:
               Common Stock

     2(e)  CUSIP Number:
               153436100

Item 3     The reporting person is an employee benefit plan or endowment fund in
           accordance with Rule 13d-1(b)(1)(ii)(F).

Item 4     Ownership:

     4(a)  Amount beneficially owned:
               937,801 shares

     4(b)  Percent of Class:
               10.7%

     4(c)  Number of shares as to which such person has:

          (i)  sole power to vote or to direct the vote:
               937,801 shares

          (ii) shared power to vote or to direct the vote:
                    _________

                               Page 3 of 4 Pages
<PAGE>

          (iii) sole power to dispose or to direct the disposition of:
                  937,801 shares

          (iv)  shared power to dispose or to direct the disposition of:
                    ________

Item 5    Ownership of Five Percent or Less of a Class:
                  Not Applicable.

Item 6    Ownership of More than Five Percent on Behalf of Another Person:
                  Not Applicable.

Item 7    Identification and Classification of the Subsidiary which Acquired the
          Security Being Reported on by the Parent Holding Company:
                  Not Applicable.

Item 8    Identification and Classification of Members of the Group:
                  Not Applicable.

Item 9    Notice of Dissolution of Group:
                  Not Applicable.

Item 10   Certification:

          By signing below the undersigned certifies that, to the best of its
          knowledge and belief, the securities referred to above were acquired
          and are held in the ordinary course of business and were not acquired
          and are not held for the purpose of or with the effect of changing or
          influencing the control of the issuer of the securities and were not
          acquired and are not held in connection with or as a participant in
          any transaction having that purpose or effect.

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

                                   PRESIDENT AND FELLOWS OF HARVARD COLLEGE


                                   By: /s/ Michael S. Pradko
                                       -------------------------------
                                       Name:  Michael S. Pradko
                                       Title: Authorized Signatory

February 9, 2001

                               Page 4 of 4 Pages
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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