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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>0000860489-01-500014.txt : 20020412
<SEC-HEADER>0000860489-01-500014.hdr.sgml : 20020412
ACCESSION NUMBER:		0000860489-01-500014
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20011130
FILED AS OF DATE:		20011211

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:		1810664

	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>n23c1cee11.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 NOVEMBER 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


11-01   CEE      1000      11.0500      13.87 	     Weeden & Co
11-02	  " "      1000      11.1300      13.83             " "
11-05   " "       500      11.0600      13.92             " "
11-06   " "       500      11.0000      13.92 		   " "
11-07   " "       600      11.1200      14.00             " "
11-08	  " "      1200      11.3000      14.25 	   	   " "
11-09   " "      1000      11.3000      14.17             " "
11-12	  " "       500      11.4000      14.11 	   	   " "
11-13   " "      1000      11.6500      14.23             " "
11-16	  " "      1000      11.6800      14.27             " "
11-19   " "      1400      11.7000      14.43             " "
11-20   " "      2000      11.6450      14.39 		   " "
11-21   " "      1000      11.5500      14.14 		   " "
11-26   " "      2000      11.7000      14.33 		   " "
11-27   " "      1800      11.7750      14.26 		   " "
11-28   " "      2000      11.6500      14.20 		   " "
11-29   " "      1000      11.5000      14.17 		   " "
11-30   " "      1500      11.5300      14.13 		   " "





The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          12/03/01





</TEXT>
</DOCUMENT>
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