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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000791718-98-000015.txt : 19980407
<SEC-HEADER>0000791718-98-000015.hdr.sgml : 19980407
ACCESSION NUMBER:		0000791718-98-000015
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980331
FILED AS OF DATE:		19980406
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERMANY FUND INC
		CENTRAL INDEX KEY:			0000791718
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133354384
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00177
		FILM NUMBER:		98587942

	BUSINESS ADDRESS:	
		STREET 1:		31 W 52ND ST
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2124747590

	MAIL ADDRESS:	
		STREET 1:		31 WEST 52ND STREET
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<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 OWNSECURITIES PURSUANT 
TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH

REPORT FOR CALENDAR MONTH   MARCH 1998

THE GERMANY 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      

3-2    GER    25000     15.0125           17.56          Weeden & Co
3-4     " "         5000     14.875             17.38                 " "
3-5     " "       12000     14.75               17.10                 " "
3-6     " "       60000     14.875             17.29                 " "
3-10   " "       15000     15.00               17.69                 " "
3-11   " "       30000     15.302             17.68                 " "
3-12   " "       10000     15.3437           17.79                 " "
3-13   " "       20000     15.5625    	17.90                  " "
3-16   " "       10000     15.4062    	18.02                  " "
3-17   " "         5000     15.50	            18.27                  " "
3-18   " "         5000     15.5625           18.08                  " "
3-19   " "       10000     15.625             18.12                  " "
3-20   " "       10000     15.875             18.30                  " "
3-23   " "       75000     15.8658           18.26                  " "
3-24   " "         5000     16.00               18.39                  " "
3-26   " "       25000     16.075             18.44                  " "
3-27   " "       15000     16.375             18.58                  " "
3-30   " "         5000     16.00               18.20                  " "

The New Germany Fund, Inc.
   ( Name of Registrant)

By Joseph Cheung - Treasurer
Date of Statement          4/2/98	
    

				          

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