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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 JQQMkvknPPKuzuCK+K9fIQ==

<SEC-DOCUMENT>0000791718-98-000031.txt : 19980911
<SEC-HEADER>0000791718-98-000031.hdr.sgml : 19980911
ACCESSION NUMBER:		0000791718-98-000031
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980831
FILED AS OF DATE:		19980910
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:		98706900

	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  AUGUST 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      

As of Trade
7-29	GER   12800	  19.00	          21.87	    Bear Stearns

8-3      GER     6700      18.75           21.43         Bear Stearns
8-4	" "	6700	  18.50	          21.42		" "
8-5        " "     25000      17.862         21.08         Weeden & Co.
8-6      " "      	5000      17.875         20.78                 " "
8-7      " "      	5000      18.375         20.94                 " "
8-10      " "     25000      18.225         20.49                 " "
8-19      " "     15000      17.2917       20.54                 " "
8-21	" "      35000	  16.089         19.16	             " "
8-25      " "    10000       16.8125       19.88                 " "
8-26      " "      9800       16.125         19.28                 " "
8-27      " "    25000       15.234         18.63                 " "
8-28      " "      9800       15.25           17.98                 " "
8-31      " "      9800       14.0625       17.63                 " "

The Germany Fund, Inc.
   ( Name of Registrant)
By Joseph Cheung - Treasurer
Date of Statement        9/10/98	
					          

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