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 OCTOBER 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
10-1 GF 17700 13.613 17.79 Bear Stearns
10-2 " " 12700 13.434 17.13 " "
10-5 " " 11000 13.428 16.96 " "
10-6 " " 11000 13.652 17.42 " "
10-7 " " 11000 13.561 17.41 " "
10-8 " " 11000 12.814 16.60 " "
10-9 " " 11000 13.116 16.58 " "
10-13 " " 9991 13.625 17.31 " "
10-14 " " 7591 13.489 17.83 " "
10-15 " " 3891 14.2742 18.42 " "
10-16 " " 9991 14.885 18.69 " "
10-19 " " 9856 14.75 18.74 " "
10-20 " " 9856 15.1921 18.71 " "
10-21 " " 9856 15.21 18.42 " "
10-22 " " 9856 15.0512 18.53 " "
10-23 " " 9856 15.1875 18.72 " "
10-26 " " 14600 15.4953 18.66 " "
10-27 " " 14600 15.765 18.87 " "
10-28 " " 14600 15.625 18.63 " "
10-29 " " 39600 15.7876 18.64 " "
The New Germany Fund, Inc.
(Name of Registrant)
By Joseph Cheung - Treasurer
Date of Statement 11/10/98
