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 DECEMBER 1997
THE NEW GERMANY FUND, INC.
(Name of registered closed-end investment company)
Approx. Asset
Date # of Price Value or Approx. Name of seller
of Ident. Shares Per Asset Cov./Share or of
Trans. of Sec. Purch. Share at Time of Purch. Seller's Broker
12-1 GF 6000 13.5594 16.79 Deutsche Morgan
Grenfell
12-2 " " 9900 13.767 16.79 " "
12-3 " " 9000 13.9264 16.83 " "
12-4 " " 2800 13.8125 16.95 " "
12-5 " " 9000 13.8125 16.92 " "
12-8 " " 25000 13.8125 16.83 " "
12-9 " " 15000 13.4113 16.71 " "
12-10 " " 16500 13.4238 16.64 Weeden & Co.
12-11 " " 5000 13.125 16.51 " "
12-11 " " 22300 13.25 16.51 " "
12-12 " " 3700 13.25 16.43 " "
12-12 " " 700 13.1875 16.43 " "
12-12 " " 11600 13.3125 16.43 " "
12-15 " " 2800 13.375 16.28 " "
12-15 " " 3200 13.1875 16.28 " "
12-16 " " 5600 13.4285 16.21 " "
12-17 " " 11000 13.5085 16.52 " "
12-18 " " 21000 13.4375 16.51 " "
12-22 " " 5000 13.00 16.19 " "
12-23 " " 15000 13.0625 16.29 " "
12-24 " " 5000 12.875 16.31 " "
12-26 " " 5000 13.00 16.32 " "
12-29 " " 5000 13.125 16.42 " "
12-30 " " 5000 13.875 16.39 " "
The New Germany Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 1/12/98
