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 SEPTEMBER 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
9-2 CEE 43200 10.8867 14.57 Weeden & Co.
9-3 " " 13200 10.5649 14.21 " "
9-4 " " 13200 10.3485 14.14 " "
9-8 " " 6900 10.6005 15.14 " "
9-9 " " 11700 10.7474 15.05 " "
9-10 " " 11700 10.75 14.43 " "
9-11 " " 11700 10.2837 14.12 " "
9-14 " " 9900 10.8213 14.70 " "
9-15 " " 5700 10.9792 14.55 " "
9-17 " " 7000 10.75 14.06 " "
9-21 " " 9200 10.5564 13.51 " "
9-22 " " 9200 10.9375 13.95 " "
9-23 " " 9200 11.125 14.28 " "
9-24 " " 9200 11.3465 14.77 " "
9-25 " " 9200 11.0625 14.50 " "
9-28 " " 7600 11.375 14.74 " "
9-29 " " 7600 11.375 14.58 " "
9-30 " " 7600 11.3125 14.20 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 10/5/98
