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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001125282-01-000059.txt : 20010123
<SEC-HEADER>0001125282-01-000059.hdr.sgml : 20010123
ACCESSION NUMBER:		0001125282-01-000059
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001230
FILED AS OF DATE:		20010109

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:		1504624

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>STATEMENT OF PURCHASES OF SECURITIES
<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 DECEMBER 2000

        THE CENTRAL EUROPEAN EQUITY FUND, 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


12-01   CEE     10800     11.2326      14.83         Weeden & Co
12-04   " "      6000     11.1250      14.93             " "
12-05   " "      2400     11.4375      15.59             " "
12-11   " "      2900     11.9504      16.30             " "
12-12   " "      5700     12.0406      16.41             " "
12-13   " "      5700     11.8750      16.44             " "
12-14   " "      5700     11.8750      16.75             " "
12-15   " "      4200     11.9628      16.70             " "
12-20   " "      3200     12.2500      16.81             " "
12-21   " "      2800     12.2277      16.76             " "
12-22   " "      3600     12.3698      17.19             " "
12-27   " "      3600     12.5694      17.69             " "
12-28   " "      4200     12.8423      17.60             " "

                                     Page 1
<PAGE>


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


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