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 JULY 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
7-6 GF 13900 18.292 22.02 Bear Stearns
7-7 " " 13900 18.4375 22.00 " "
7-8 " " 13900 18.81 22.16 " "
7-9 " " 100000 18.9375 22.04 " "
7-9 " " 13900 18.893 22.04 " "
7-15 " " 16500 18.7466 22.71 " "
7-17 " " 5000 18.875 23.02 " "
7-20 " " 14100 19.0412 23.23 " "
7-21 " " 14100 19.1679 23.14 " "
7-22 " " 14100 18.8231 22.88 " "
7-23 " " 14100 18.625 22.72 " "
7-24 " " 7500 18.66 22.60 " "
7-27 " " 12600 18. 5 22.31 " "
7-28 " " 12600 18.3715 22.32 " "
7-29 " " 12600 17.9702 22.22 " "
7-30 " " 6600 18.1875 22.43 " "
7-31 " " 12600 18.0625 22.32 " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 8/10/98
