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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000860489-03-000008.txt : 20030502
<SEC-HEADER>0000860489-03-000008.hdr.sgml : 20030502
<ACCEPTANCE-DATETIME>20030502094546
ACCESSION NUMBER:		0000860489-03-000008
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030430
FILED AS OF DATE:		20030502
EFFECTIVENESS DATE:		20030502

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:		03678197

	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>n23c1cee0403.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 2003

        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


04-01	  CEE      1000      13.2640      15.90  	   	Weeden & Co
04-02   " "      2000      13.3400      15.98             " "
04-03	  " "       800      13.4000      16.06		    " "
04-04   " "      1200      13.5600      16.20		    " "
04-07   " "      1500      13.7200      16.45		    " "
04-09   " "      3000      13.7400      16.60		    " "
04-10   " "      1500      13.8900      16.60		    " "
04-11   " "      1000      13.8600      16.62		    " "
04-14   " "      1500      13.9500      16.61		    " "
04-15   " "      1100      13.9900      16.74		    " "
04-16   " "      1000      14.1500      16.68		    " "
04-23   " "      2000      14.5900      17.50		    " "
04-24   " "      2200      14.5909      17.44		    " "
04-25   " "      1500      14.6100      17.56		    " "
04-28   " "      1400      14.9071      17.72		    " "
04-29   " "      1000      14.9900      17.84		    " "
04-30   " "      2000      14.9890      17.99		    " "



The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement          05/01/03





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