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 OCTOBER 1998
THE CENTRAL EUROPEAN EQUITY, INC.
(Name of registered closed-end investment company)
Approx Asset
Date Number Price Value or Approx Seller
Each Ident Shares Per Asset Cov/Shr or Seller's
Trans Sec Purch Share at Time of Purch Broker
10-1 CEE 7600 10.625 13.49 Bear Stearns
10-2 " " 7600 10.197 12.94 " "
10-5 " " 6700 9.918 13.03 " "
10-6 " " 6700 10.232 13.21 " "
10-7 " " 6700 10.252 13.30 " "
10-8 " " 6700 9.889 12.73 " "
10-9 " " 3200 9.992 12.89 " "
10-13 " " 6816 10.856 13.69 " "
10-14 " " 1316 10.769 13.80 " "
10-15 " " 2516 11.2301 14.16 " "
10-16 " " 6816 11.625 14.76 " "
10-19 " " 6518 11.4701 14.57 " "
10-20 " " 6518 11.633 14.81 " "
10-21 " " 6518 11.6875 14.52 " "
10-22 " " 6518 11.7935 14.60 " "
10-23 " " 6518 11.6741 14.87 " "
10-26 " " 3000 11.9375 15.23 " "
10-27 " " 6400 12.5381 15.51 " "
10-28 " " 6400 12.46 15.16 " "
10-29 " " 6400 12.585 15.23 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 11/10/98
