NEW GERMANY FUND INC
SC 13G/A, 1999-07-07
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                 SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 1)*



                            New Germany Fund, Inc.
                               (Name of Issuer)


                                 Common Stock
                        (Title and Class of Securities)


                                   644465106
                                (CUSIP Number)


                                 June 29, 1999
                     (Date of Event which Requires filing
                              of this Statement)


Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[ ]  Rule 13d-1(b)
[x]  Rule 13d-1(c)
[ ]  Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.


The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities and
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).


<PAGE>


CUSIP No.:        644465106

1.    NAME OF REPORTING PERSONS,  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
        Mira, L.P., 13-4045633

2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a) [ ]
                                                               (b) [X]

3.    SEC USE  ONLY

4.    CITIZENSHIP OR PLACE OF ORGANIZATION                     Delaware, USA

5.    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
      REPORTING PERSON WITH SOLE VOTING POWER                  3,131,900

6.       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
         REPORTING PERSON WITH SHARED VOTING POWER             0

7.       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
         REPORTING PERSON WITH SOLE DISPOSITIVE POWER          3,131,900

8.       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
         REPORTING PERSON WITH SHARED DISPOSITIVE POWER        0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
         REPORTING PERSON                                      3,131,900

10.      CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES                               [ ]

11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)     10.25%

12.      TYPE OF REPORTING PERSON                              PN


Item 1.

     The name of the issuer is New Germany Fund, Inc. The address of the
issuer's principal executive offices is 31 West 52nd Street, New York, New
York 10019.

Item 2.

     The name of the person filing is Mira, L.P. ("Mira"). The address of
Mira's principal business office is One Chase Manhattan Plaza, 42nd Floor, New
York, New York 10005. Mira is a limited partnership organized under the laws
of the State of Delaware.
     This statement relates to shares of Common Stock, par value $0.01 per
share (the "Common Stock"). CUSIP Number: 644465106


<PAGE>


Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:

     This Item 3 is not applicable.

Item 4.  Ownership

     Mira is the beneficial owner of 3,131,900 shares of Common Stock, which
constitutes approximately 10.25% of the outstanding shares of Common Stock.
Mira has the sole power to vote or direct the vote of all 3,131,900 shares,
and the sole power to dispose or to direct the disposition of all 3,131,900
shares. There are zero shares as to which Mira shares the power to vote or
direct the vote of the Common Stock, and zero shares as to which Mira shares
the power to dispose or to direct the disposition of the Common Stock .

Item 5.  Ownership of Five Percent or Less of a Class

     This Item 5 is not applicable.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person

     This Item 6 is not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company

     This Item 7 is not applicable.

Item 8.  Identification and Classification of Members of the Group

     This Item 8 is not applicable.

Item 9.  Notice of Dissolution of Group

     This Item 9 is not applicable.

Item 10. Certification

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                                          Dated: June 29, 1999

                                                                    Mira, L.P.

                                                       /s/ Terence S. Leighton
                                                       -----------------------
                                                       By: Terence S. Leighton
                                                       Title:  Vice President



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