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 FEBRUARY 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
2-2 GF 22000 14.2784 17.21 Weeden & Co
2-3 " " 32500 14.2691 17.33 " "
2-4 " " 15000 14.25 17.57 " "
2-5 " " 20000 14.4687 17.76 " "
2-6 " " 10000 14.5625 17.67 " "
2-9 " " 25000 14.50 17.62 " "
2-10 " " 15000 14.5208 17.52 " "
2-11 " " 7000 14.6875 17.37 " "
2-12 " " 30000 14.5104 17.49 " "
2-13 " " 21000 14.5297 17.37 " "
2-17 " " 20000 14.625 17.70 " "
2-18 " " 20000 14.5312 17.78 " "
2-19 " " 15000 14.5625 17.72 " "
2-20 " " 7500 14.50 17.97 " "
2-23 " " 64500 14.642 18.41 " "
2-25 " " 30500 15.0379 18.35 " "
2-26 " " 10000 15.25 18.47 " "
2-27 " " 20000 15.3125 18.56 " "
The New Germany Fund, Inc.Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 3/10/98
