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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>0000860489-02-000001.txt : 20020413
<SEC-HEADER>0000860489-02-000001.hdr.sgml : 20020413
ACCESSION NUMBER:		0000860489-02-000001
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20011231
FILED AS OF DATE:		20020102

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:		2500337

	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>n23c1cee12.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 DECEMBER 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


12-03   CEE       800      11.4000      14.06 	     Weeden & Co
12-04	  " "       600      11.5650      14.27             " "
12-05   " "       900      11.7100      14.38             " "
12-06   " "      2000      11.7150      14.44 		    " "
12-07   " "       700      11.5500      14.34             " "
12-10	  " "      2000      11.5450      14.17 	   	    " "
12-11   " "       400      11.4500      14.14             " "
12-13	  " "      2000      11.5425      14.01  	   	    " "
12-17   " "      2200      11.4609      14.04             " "
12-18	  " "      1700      11.4900      14.26             " "
12-19   " "      1100      11.5636      14.28             " "
12-20   " "      2200      11.4636      14.23 		    " "
12-21   " "      2100      11.5524      14.15 		    " "
12-24   " "      2700      11.5722      14.10 		    " "
12-26   " "      2700      11.6278      14.11 		    " "
12-27   " "      2500      11.6480      14.02 		    " "




The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          01/02/02





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