FORM N-23C-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 1998
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
3-2 GF 145000 15.6368 18.67 Weeden & Co
3-3 " " 30000 15.7266 18.67 " "
3-4 " " 47500 15.4638 18.53 " "
3-5 " " 146500 15.3724 18.41 " "
3-6 " " 48400 15.7159 18.63 " "
3-9 " " 50000 15.65 18.93 " "
3-10 " " 70500 16.007 18.95 " "
3-11 " " 200000 16.2858 18.82 " "
3-12 " " 75000 16.4416 18.94 " "
3-13 " " 30000 16.4166 19.14 " "
3-16 " " 8100 16.3125 19.38 " "
3-17 " " 36000 16.3229 19.68 " "
3-18 " " 30000 16.3541 19.50 " "
3-19 " " 25000 16.22 19.55 " "
3-20 " " 25000 16.425 19.74 " "
3-23 " " 25000 16.525 19.77 " "
3-24 " " 22500 16.7292 19.83 " "
3-25 " " 90900 17.1916 19.97 " "
3-26 " " 100000 16.9833 19.83 " "
3-27 " " 15000 17.1042 19.87 " "
3-30 " " 40000 16.8062 19.68 " "
3-31 " " 25000 17.00 19.80 " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 4/6/98
