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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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 JwsCgjVO3uTHrZXvd7sicQ==

<SEC-DOCUMENT>0000791718-99-000004.txt : 19990211
<SEC-HEADER>0000791718-99-000004.hdr.sgml : 19990211
ACCESSION NUMBER:		0000791718-99-000004
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990131
FILED AS OF DATE:		19990210

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:		99527915

	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  JANUARY 1999

		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      

1-5      GER    5300     14.579       16.98        Bear Stearns
1-6	   " "    5300     15.3455      17.39            " "
1-7	   " "    5300     15.4375      17.10            " "
1-8	   " "    5300     15.5059      17.11            " "
1-11	   " "    7300     15.1935      16.66            " "
1-12     " "    7300     14.9289      16.43            " "
1-20	   " "    7500     14.7792      16.47            " "
1-21	   " "    3600     14.7778      16.50            " "
1-22	   " "    7500     14.6808      15.99            " "

The Germany Fund, Inc.
( Name of Registrant)
By Laura Weber - Assistant Treasurer
Date of Statement  2/9/99	
					          

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