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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>0000860489-01-500006.txt : 20010504
<SEC-HEADER>0000860489-01-500006.hdr.sgml : 20010504
ACCESSION NUMBER:		0000860489-01-500006
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010430
FILED AS OF DATE:		20010503

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:		1620788

	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>n23c1cee04.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 APRIL 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


04-02   CEE      3000     11.3300      14.12 	     Weeden & Co
04-03	  " "      2700     11.1485      13.90             " "
04-04   " "      2100     10.7995      13.91             " "
04-05   " "      3000     10.9733      14.39 		   " "
04-06   " "      1000     11.0000      14.41             " "
04-10	  " "      3500     11.4329      14.81 	   	   " "
04-11   " "      2000     11.6000      15.01             " "
04-12   " "      1400     11.7193      15.08             " "
04-16   " "      3500     11.7471      15.10             " "
04-17   " "      3000     11.6867      14.78             " "
04-18   " "      7000     12.0800      15.27             " "
04-19   " "     29000     11.8033      15.48             " "
04-20   " "      3500     11.9114      15.40             " "
04-23   " "      1200     11.8700      15.14             " "
04-24   " "      4100     11.9000      15.08             " "
04-25   " "      3900     11.8500      15.05             " "
04-26   " "      4100     12.1537      15.20             " "
04-27   " "       300     12.3000      15.13             " "
04-30   " "       100     12.2500      15.14             " "


The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          05/01/01




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