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 JANUARY 1998
THE NEW GERMANY FUND, INC.
(Name of registered closed-end investment company)
Approximate Asset
Date Number Price Value or Approx Name of seller
Each Ident Shares Per Asset Cov/ Shr or
Trans of Sec Purch Share at Time of Purch Seller's Broker
1-6 GF 18900 13.75 16.55 Weeden & Co.
1-7 " " 7000 13.669 16.52 " "
1-7 " " 3000 13.625 16.52 " "
1-8 " " 7000 13.6696 16.56 " "
1-8 " " 8000 13.625 16.56 " "
1-9 " " 110000 13.5339 16.30 " "
1-12 " " 45000 12.991 16.00 " "
1-13 " " 5000 13.375 16.29 " "
1-14 " " 62100 13.375 16.25 " "
1-15 " " 9000 13.125 16.36 " "
1-16 " " 9000 13.25 16.50 " "
1-20 " " 11000 13.375 16.54 " "
1-21 " " 11000 13.3125 16.64 " "
1-22 " " 11000 13.375 16.91 " "
1-27 " " 30000 13.7979 17.30 " "
1-28 " " 35000 13.9775 17.24 " "
1-29 " " 100000 14.0265 17.20 " "
1-30 " " 25000 14.05 17.16 " "
The New Germany Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 2/10/98
