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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000860489-02-000009.txt : 20020905
<SEC-HEADER>0000860489-02-000009.hdr.sgml : 20020905
<ACCEPTANCE-DATETIME>20020905111730
ACCESSION NUMBER:		0000860489-02-000009
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020831
FILED AS OF DATE:		20020905

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL EUROPEAN EQUITY FUND INC /MD/
		CENTRAL INDEX KEY:			0000860489
		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:		02757128

	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:	UNITED GERMANY FUND INC
		DATE OF NAME CHANGE:	19900219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FUTURE GERMANY FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<FILENAME>n23c1cee0802.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 AUGUST 2002

        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


08-01   CEE      2000      12.2000      14.75 	     Weeden & Co
08-06	  " "      1500      11.8900      14.48             " "
08-07	  " "       400      12.0500      14.34             " "
08-08	  " "      2400      12.0600      14.40             " "
08-09	  " "       300      12.1400      14.37             " "
08-13	  " "      1000      12.2400      14.56             " "
08-14	  " "      1000      12.2900      14.71             " "
08-15	  " "       500      12.2900      14.80             " "
08-19	  " "       700      12.4400      15.03             " "
08-20	  " "       800      12.3300      14.93             " "
08-21   " "       200      12.7400      15.35             " "
08-22   " "       200      13.0900      15.42             " "
08-27   " "      1900      13.2000      15.87             " "
08-28   " "      1500      13.2380      15.60             " "
08-29   " "       200      13.2500      15.41             " "
08-30   " "       600      12.9600      15.55             " "


The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          09/04/02





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