<PAGE> PAGE 1
000 A000000 04/30/96
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
020 A000001 MERRILL LYNCH
020 C000001 23
020 A000002 DEUTSCHE BANK
020 C000002 22
020 A000003 SCHRODER MUNCHMEYER
020 C000003 21
020 A000004 CHEUVREUX DE VIRIEU
020 C000004 16
020 A000005 ENSKILDA
020 C000005 12
020 A000006 MEES PIERSON
020 C000006 12
020 A000007 MORGAN STANLEY
020 C000007 12
020 A000008 KLEINWORT BENSON
020 C000008 10
020 A000009 NATWEST SECURITIES
020 C000009 8
020 A000010 EUROMOBILIARE
020 C000010 7
021 000000 231
022 A000001 DEUTSCHE BANK
022 C000001 1793
022 D000001 5668
022 A000002 SCHRODER MUNCHMEYER
022 C000002 1677
022 D000002 5019
022 A000003 CHEUVREUX DE VIRIEU
022 C000003 3183
<PAGE> PAGE 2
022 D000003 2085
022 A000004 MERRILL LYNCH
022 C000004 4147
022 D000004 338
022 A000005 MORGAN STANLEY
022 C000005 984
022 D000005 3113
022 A000006 KLEINWORT BENSON
022 C000006 1568
022 D000006 2422
022 A000007 MEES PIERSON
022 C000007 0
022 D000007 3757
022 A000008 UBS SECURITIES
022 C000008 3371
022 D000008 0
022 A000009 NATWEST SECURITIES
022 C000009 1022
022 D000009 2318
022 A000010 ENSKILDA
022 C000010 0
022 D000010 3028
023 C000000 39036
023 D000000 40941
024 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
<PAGE> PAGE 3
028 G030000 0
028 G040000 0
028 H000000 0
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
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
071 A000000 40729
071 B000000 40941
071 C000000 205147
071 D000000 40
072 A000000 6
072 B000000 477
072 C000000 1035
072 D000000 0
072 E000000 0
072 F000000 1309
072 G000000 0
072 H000000 0
072 I000000 19
072 J000000 209
072 K000000 0
072 L000000 56
072 M000000 65
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 38
072 S000000 5
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 24
072 X000000 1725
072 Y000000 0
072 Z000000 -213
<PAGE> PAGE 4
072AA000000 19
072BB000000 0
072CC010000 32219
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0500
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 14686
074 C000000 0
074 D000000 0
074 E000000 16803
074 F000000 210041
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 3938
074 K000000 0
074 L000000 820
074 M000000 0
074 N000000 246288
074 O000000 2123
074 P000000 235
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 163
074 S000000 0
074 T000000 243767
074 U010000 16047
074 U020000 0
074 V010000 15.19
074 V020000 0.00
074 W000000 0.0000
074 X000000 1444
074 Y000000 0
075 A000000 0
075 B000000 222499
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
<PAGE> PAGE 5
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
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 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 six month period ended April 30,
1996 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> SCUDDER NEW EUROPE FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-1-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 162,042,882
<INVESTMENTS-AT-VALUE> 241,529,380
<RECEIVABLES> 4,757,010
<ASSETS-OTHER> 109
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,286,499
<PAYABLE-FOR-SECURITIES> 2,122,711
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 397,492
<TOTAL-LIABILITIES> 2,520,203
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 179,614,031
<SHARES-COMMON-STOCK> 16,047,487
<SHARES-COMMON-PRIOR> 16,044,970
<ACCUMULATED-NII-CURRENT> (257,033)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,221,222)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 79,470,045
<NET-ASSETS> 243,766,296
<DIVIDEND-INCOME> 1,035,212
<INTEREST-INCOME> 477,268
<OTHER-INCOME> 0
<EXPENSES-NET> 1,723,776
<NET-INVESTMENT-INCOME> (211,296)
<REALIZED-GAINS-CURRENT> 19,060
<APPREC-INCREASE-CURRENT> 32,218,627
<NET-CHANGE-FROM-OPS> 32,026,391
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (802,249)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 29,112
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 2,517
<NET-CHANGE-IN-ASSETS> 31,253,254
<ACCUMULATED-NII-PRIOR> 756,512
<ACCUMULATED-GAINS-PRIOR> (15,240,282)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,308,855
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,723,776
<AVERAGE-NET-ASSETS> 222,499,115
<PER-SHARE-NAV-BEGIN> 13.24
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 2.01
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.19
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
