<SEC-DOCUMENT>0000860489-01-500013.txt : 20011128
<SEC-HEADER>0000860489-01-500013.hdr.sgml : 20011128
ACCESSION NUMBER:		0000860489-01-500013
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20011031
FILED AS OF DATE:		20011107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL EUROPEAN EQUITY FUND INC /MD/
		CENTRAL INDEX KEY:			0000860489
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133556099
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00185
		FILM NUMBER:		1776580

	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>n23c1cee10.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 OCTOBER 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


10-01   CEE       300      9.3100      11.96 	     Weeden & Co
10-03	  " "       600      9.3567      12.02             " "
10-04   " "       500      9.5400      12.22             " "
10-05   " "       600      9.6900      12.26 		   " "
10-08   " "       500      9.4500      12.21             " "
10-09	  " "       600      9.6367      12.55 	   	   " "
10-10   " "       500      9.9000      12.92             " "
10-11	  " "       600     10.4000      13.17 	   	   " "
10-12   " "       500     10.4500      13.03             " "
10-15	  " "       600     10.2500      13.00             " "
10-17   " "       600     10.6333      13.30             " "
10-18   " "       500     10.5000      13.14 		   " "
10-19   " "       600     10.3400      13.07             " "
10-22   " "       500     10.4100      13.22             " "
10-29   " "       900     11.1833      14.12             " "
10-30   " "       800     10.8500      13.76             " "



The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          11/01/01





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