<PAGE>
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 MARCH 2000
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
03-01 GF 4000 14.6250 18.99 Weeden & Co.
03-02 " " 11800 14.5555 19.55 " "
03-03 " " 11800 14.8676 19.53 " "
03-06 " " 12000 14.9911 19.91 " "
03-07 " " 12000 15.0833 19.77 " "
03-08 " " 9800 15.1314 19.43 " "
03-09 " " 7500 15.0833 19.88 " "
03-10 " " 12000 15.1510 20.47 " "
03-13 " " 10200 15.1458 20.19 " "
03-14 " " 8900 15.6566 20.27 " "
03-15 " " 8300 15.5791 19.63 " "
03-16 " " 10800 15.8507 19.51 " "
03-17 " " 9800 15.9515 19.83 " "
03-20 " " 9500 15.9809 20.43 " "
03-21 " " 10000 15.5081 20.23 " "
03-22 " " 6000 15.4688 19.91 " "
03-23 " " 4000 15.5469 19.66 " "
03-24 " " 10000 15.6488 19.84 " "
03-27 " " 8800 15.3026 19.82 " "
03-28 " " 8800 15.3089 19.78 " "
03-29 " " 8800 15.3139 19.45 " "
03-30 " " 8500 14.8640 18.82 " "
03-31 " " 8800 14.7429 18.83 " "
<PAGE>
The New Germany Fund, Inc.
(Name of Registrant)
By Isabella Chan - Fund Administrator
Date of Statement 04/01/00