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 JULY 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
7-1 CEE 70000 16.583 19.87 Weeden & Co.
7-7 " " 10000 16.1944 20.24 Bear Stearns
7-8 " " 8900 16.177 20.08 " "
7-9 " " 10000 16.288 20.43 " "
7-10 " " 10000 16.366 20.17 " "
7-13 " " 7900 16.424 20.91 " "
7-14 " " 7900 17.0941 22.16 " "
7-15 " " 7900 17.4747 22.29 " "
7-16 " " 5300 17.6486 21.87 " "
7-17 " " 1700 17.8456 22.42 " "
7-20 " " 8200 18.0861 22.52 " "
7-21 " " 8200 18.00 22.23 " "
7-22 " " 8200 17.1875 21.73 " "
7-23 " " 8200 17.0732 21.31 " "
7-24 " " 3200 16.875 21.26 " "
7-27 " " 8100 16.8125 20.61 " "
7-28 " " 8500 16.375 20.76 " "
7-29 " " 200000 16.3125 20.81 " "
7-29 " " 4700 16.3723 20.81 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 8/10/98
