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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000860489-01-500002.txt : 20010207
<SEC-HEADER>0000860489-01-500002.hdr.sgml : 20010207
ACCESSION NUMBER:		0000860489-01-500002
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010131
FILED AS OF DATE:		20010206

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:		1525510

	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>n23c1cee01.txt
<TEXT>

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 JANUARY 2001

        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


01-02   CEE      7000     12.9973      17.52 	     Weeden & Co
01-03	  " "      6800     12.9044      17.29             " "
01-04   " "      5000     13.2250      17.94             " "
01-05   " "      7000     13.2634      18.01 		   " "
01-08   " "      4300     13.1875      17.90             " "
01-09	  " "      7800     13.2500      17.88 	   	   " "
01-10   " "      3000     13.1875      17.60             " "
01-11   " "      8200     13.3956      17.55             " "
01-12   " "      7000     13.4589      17.97             " "
01-16   " "      8300     13.5226      17.91             " "
01-17   " "      7000     13.6902      18.06             " "
01-18   " "      6900     13.9647      18.10             " "
01-19   " "      8300     14.2056      18.35             " "
01-22   " "      8700     14.0589      17.99             " "
01-23   " "      5600     13.9821      18.02             " "
01-24   " "      8000     14.1875      17.96             " "
01-25   " "      6000     14.2500      17.83             " "
01-26   " "      7000     14.2491      17.79             " "
01-29   " "      4800     14.2127      17.83             " "
01-30   " "      5000     14.2482      17.96             " "
01-31   " "      6300     14.2989      18.25             " "



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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