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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000860489-01-500004.txt : 20010307
<SEC-HEADER>0000860489-01-500004.hdr.sgml : 20010307
ACCESSION NUMBER:		0000860489-01-500004
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010228
FILED AS OF DATE:		20010302

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:		1559846

	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>n23c1cee02.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 FEBRUARY 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


02-01   CEE      7400     14.3576      18.28 	     Weeden & Co
02-02	  " "      6000     14.5033      18.23             " "
02-05   " "      3100     14.4974      17.85             " "
02-06   " "      1300     14.3900      17.77 		   " "
02-07   " "      7000     14.2326      17.41             " "
02-08	  " "      6200     14.3000      17.45 	   	   " "
02-09   " "      6900     14.2020      17.21             " "
02-12   " "      9500     14.0174      17.16             " "
02-13   " "      8700     14.0372      17.31             " "
02-14   " "      9500     13.8332      17.03             " "
02-15   " "      8800     13.4213      17.13             " "
02-16   " "      9500     13.4337      16.70             " "
02-20   " "      8000     13.3719      16.53             " "
02-21   " "     10000     12.9995      16.01             " "
02-22   " "      9300     12.7935      15.67             " "
02-23   " "      7100     12.5859      15.62             " "
02-26   " "       700     12.7400      15.98             " "
02-27   " "     10000     12.6970      15.85             " "
02-28   " "       800     12.8200      15.88             " "


The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          03/01/01




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