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 JANUARY 1998
THE CENTRAL EUROPEAN EQUITY, INC.
(Name of registered closed-end investment company)
Approx Asset
Date Number Price Value or Approx Name of seller
Each Ident Shares Per Asset Cov/Share or of
Trans of Sec Purch Share at Time of Purch Seller's Broker
1-8 CEE 6000 18.5625 22.30 Weeden & Co
1-8 " " 14700 18.5199 22.30
1-9 " " 100000 18.534 21.77 " "
1-12 " " 7000 17.847 20.31 " "
1-13 " " 7000 18.375 20.92 " "
1-14 " " 7000 18.1875 20.54 " "
1-15 " " 7000 17.9375 20.33 " "
1-16 " " 7000 17.1875 20.62 " "
1-20 " " 7000 17.25 20.94 " "
1-21 " " 7000 17.125 20.71 " "
1-22 " " 7000 16.9375 20.46 " "
1-23 " " 7000 16.6875 20.36 " "
1-26 " " 8000 16.75 20.26 " "
1-27 " " 20000 16.8525 20.35 " "
1-28 " " 75000 17.0416 20.38 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 2/10/98
