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 FEVRUARY 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
2-2 CEE 70000 18.137 20.81 Weeden & Co.
2-3 " " 30000 18.3125 20.96 " "
2-4 " " 56000 18.1808 21.00 " "
2-9 " " 15000 18.333 21.93 " "
2-10 " " 40000 18.375 22.08 " "
2-11 " " 60000 18.625 22.14 " "
2-13 " " 9000 18.5625 21.57 " "
2-17 " " 9000 18.50 21.71 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 3/10/98
