<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000857690
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER NEW EUROPE FUND, INC.
001 B000000 811-5969
001 C000000 6172952567
002 A000000 345 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10154
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
013 B020001 MA
013 B030001 02109
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E020001 X
015 A000002 DEN DANSKE BANK
015 B000002 S
015 C010002 COPENHAGEN
015 D010002 DENMARK
015 E040002 X
015 A000003 CREDITANSTALT BANKVEREIN
015 B000003 S
015 C010003 VIENNA
015 D010003 AUSTRIA
015 E040003 X
015 A000004 CITIBANK N.A.
015 B000004 S
015 C010004 ATHENS
015 D010004 GREECE
015 E040004 X
015 A000005 UNION BANK OF FINLAND
015 B000005 S
015 C010005 HELSINKI
015 D010005 FINLAND
<PAGE> PAGE 2
015 E040005 X
015 A000006 BANCA COMMERCIALE ITALIANA
015 B000006 S
015 C010006 MILAN
015 D010006 ITALY
015 E040006 X
015 A000007 ALLIED IRISH BANKS PLC
015 B000007 S
015 C010007 DUBLIN
015 D010007 IRELAND
015 E040007 X
015 A000008 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
015 B000008 S
015 C010008 LISBON
015 D010008 PORTUGAL
015 E040008 X
015 A000009 DEN NORSKE CREDITBANK
015 B000009 S
015 C010009 OSLO
015 D010009 NORWAY
015 E040009 X
015 A000010 BANCO SANTANDER S.A.
015 B000010 S
015 C010010 MADRID
015 D010010 SPAIN
015 E040010 X
015 A000011 ABN - AMRO BANK
015 B000011 S
015 C010011 AMSTERDAM
015 D010011 NETHERLANDS
015 E040011 X
015 A000012 MORGAN GUARANTY TRUST CO. OF N.Y.
015 B000012 S
015 C010012 BRUSSELS
015 D010012 BELGIUM
015 E040012 X
015 A000013 SWISS BANK CORPORATION
015 B000013 S
015 C010013 ZURICH
015 D010013 SWITZERLAND
015 E040013 X
015 A000014 MORGAN GUARANTY TRUST CO. OF N.Y.
015 B000014 S
015 C010014 PARIS
015 D010014 FRANCE
015 E040014 X
015 A000015 MORGAN GUARANTEE TRUST COMPANY
015 B000015 S
015 C010015 FRANKFURT
015 D010015 GERMANY
015 E040015 X
<PAGE> PAGE 3
015 A000016 MORGAN GUARANTY TRUST CO. OF N.Y.
015 B000016 S
015 C010016 LONDON
015 D010016 UNITED KINGDOM
015 E040016 X
015 A000017 CITIBANK POLAND S.A.
015 B000017 S
015 C010017 WARSAW
015 D010017 POLAND
015 E040017 X
015 A000018 CITIBANK, N.A. ISTANBUL
015 B000018 S
015 C010018 ISTANBUL
015 D010018 TURKEY
015 E040018 X
015 A000019 SKANDINAVISKA ENSKILDA BANKEN
015 B000019 S
015 C010019 STOCKOLM
015 D010019 SWEDEN
015 E040019 X
015 A000020 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000020 S
015 C010020 PRAGUE
015 D010020 CZECH REPUBLIC
015 E040020 X
015 A000021 CITIBANK BUDAPEST RT
015 B000021 S
015 C010021 BUDAPEST
015 D010021 HUNGARY
015 E040021 X
015 A000022 CESKOSLOVENSKA OBCHODNI BANKA
015 B000022 S
015 C010022 TO BE UPDATED
015 D010022 SLOVAKIA
015 E040022 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 CREDIT LYONNAISE
020 C000001 20
020 A000002 CITIBANK POLAND
020 C000002 18
020 A000003 BV CAPITAL
020 C000003 16
020 A000004 UBS SECURITIES
020 C000004 0
020 A000005 NAT WEST INTERNATIONAL
020 C000005 14
020 A000006 EUROMOBILIARE
020 C000006 11
020 A000007 ENSKILDA
<PAGE> PAGE 4
020 C000007 9
020 A000008 KLEINWORT BENSON
020 C000008 7
020 A000009 SMITH NEW COURT
020 C000009 7
020 A000010 CHEUVREUX VIRIEU
020 C000010 6
021 000000 167
022 A000001 CREDIT LYONNAISE
022 C000001 1204
022 D000001 5380
022 A000002 UBS SECURITIES
022 C000002 1859
022 D000002 3953
022 A000003 BV CAPITAL
022 C000003 1557
022 D000003 3673
022 A000004 KLEINWORT BENSON
022 C000004 3659
022 D000004 1218
022 A000005 SG WARBURG
022 B000005 13-3243112
022 C000005 4314
022 D000005 0
022 A000006 NAT WEST INTL
022 C000006 1697
022 D000006 2244
022 A000007 INSTINET
022 C000007 192
022 D000007 3483
022 A000008 CITIBANK, POLAND
022 C000008 3596
022 D000008 0
022 A000009 SMITH NEW COURT
022 C000009 3220
022 D000009 28
022 A000010 FLEMING
022 C000010 2484
022 D000010 335
023 C000000 31490
023 D000000 33775
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
<PAGE> PAGE 5
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 31658
071 B000000 33775
071 C000000 172511
071 D000000 37
072 A000000 6
072 B000000 223
072 C000000 780
<PAGE> PAGE 6
072 D000000 0
072 E000000 0
072 F000000 1057
072 G000000 0
072 H000000 0
072 I000000 33
072 J000000 187
072 K000000 0
072 L000000 25
072 M000000 63
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 38
072 S000000 16
072 T000000 0
072 U000000 6
072 V000000 0
072 W000000 25
072 X000000 1450
072 Y000000 0
072 Z000000 -447
072AA000000 5234
072BB000000 0
072CC010000 2434
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 5199
074 C000000 0
074 D000000 0
074 E000000 20126
074 F000000 166828
074 G000000 0
074 H000000 0
074 I000000 4819
074 J000000 2158
074 K000000 0
074 L000000 1230
074 M000000 0
074 N000000 200361
074 O000000 2635
074 P000000 170
074 Q000000 0
<PAGE> PAGE 7
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 4107
074 S000000 0
074 T000000 193449
074 U010000 16045
074 U020000 0
074 V010000 12.06
074 V020000 0.00
074 W000000 0.0000
074 X000000 1709
074 Y000000 0
075 A000000 0
075 B000000 180033
076 000000 9.63
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
New Europe Fund, Inc. Semiannual Report for the fiscal period ended April 30,
1995 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 0
<NAME> SCUDDER NEW EUROPE FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 157,690,912
<INVESTMENTS-AT-VALUE> 192,152,905
<RECEIVABLES> 3,387,977
<ASSETS-OTHER> 872,925
<OTHER-ITEMS-ASSETS> 3,947,070
<TOTAL-ASSETS> 200,360,877
<PAYABLE-FOR-SECURITIES> 2,634,886
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,277,443
<TOTAL-LIABILITIES> 6,912,329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 179,745,393
<SHARES-COMMON-STOCK> 16,044,970
<SHARES-COMMON-PRIOR> 16,044,970
<ACCUMULATED-NII-CURRENT> (447,055)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (20,408,920)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 34,559,130
<NET-ASSETS> 193,448,548
<DIVIDEND-INCOME> 780,479
<INTEREST-INCOME> 223,251
<OTHER-INCOME> 0
<EXPENSES-NET> 1,450,380
<NET-INVESTMENT-INCOME> (446,650)
<REALIZED-GAINS-CURRENT> 5,234,231
<APPREC-INCREASE-CURRENT> 2,434,466
<NET-CHANGE-FROM-OPS> 7,222,047
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,222,047
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (25,643,151)
<OVERDISTRIB-NII-PRIOR> (405)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,056,936
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,450,380
<AVERAGE-NET-ASSETS> 180,032,527
<PER-SHARE-NAV-BEGIN> 11.61
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 12.06
<EXPENSE-RATIO> 1.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
