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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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 py661Tg/hDlqCgkJ3bcN0g==

<SEC-DOCUMENT>0000858706-99-000009.txt : 19990413
<SEC-HEADER>0000858706-99-000009.hdr.sgml : 19990413
ACCESSION NUMBER:		0000858706-99-000009
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990331
FILED AS OF DATE:		19990412

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW GERMANY FUND INC
		CENTRAL INDEX KEY:			0000858706
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133555471
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00201
		FILM NUMBER:		99591653

	BUSINESS ADDRESS:	
		STREET 1:		31 WEST 52ND ST
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2124747000

	MAIL ADDRESS:	
		STREET 1:		31 WEST 52ND STREET
		STREET 2:		C/O DEUTSCHE BANK CAPITAL CORP
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LENOX FUND INC
		DATE OF NAME CHANGE:	19900115
</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 OWN SECURITIES PURSUANT
TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH

REPORT FOR CALENDAR MONTH  MARCH 1999

           THE NEW GERMANY FUND, INC.
(Name of registered closed-end investment company)

               		           Approx Asset 
Date	         Number    Price   Value or Approx        Seller
Each   Ident   Shrs      Per      Asset Cov/Shr       or Seller's
Trans   Sec    Purch     Share   at Time of Purch       Broker      

3-1     GF     20000    11.9063        14.62	     Paine Webber
3-2     " "    15000    11.75          14.58              " "
3-3     " "    10000    11.4375        14.53              " "
3-4     " "    23000    11.3125        14.43         Weeden & Co.
3-5     " "    20000    11.8531        14.50              " "
3-9     " "    14000    11.6473        14.69              " "
3-10    " "    16000    11.7188        14.61              " "
3-15    " "    19000    12.2993        14.98              " "
3-16    " "    14000    12.4839        14.99              " "
3-17    " "    14000    12.0893        15.08              " "
3-18    " "    19000    12.00          15.14         Paine Webber 
3-19    " "    15000    12.375         14.97              " "
3-22    " "    20000    12.1806        14.90              " "
3-23    " "    16000    11.8125        14.78              " "
3-24    " "     8500    11.4743        14.67              " "
3-25    " "    10000    11.8125        14.87              " "
3-26    " "    12000    11.6891        14.68              " "
3-29    " "    17000    11.911         14.61              " "
3-31    " "     9200    11.9158        14.78              " "

The New Germany Fund, Inc.
    (Name of Registrant)
By Laura Weber - Assistant Treasurer
Date of Statement          4/12/99	
	

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