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 DECEMBER 1997
THE CENTRAL EUROPEAN EQUITY, INC.
(Name of registered closed-end investment company)
Approx. Asset
Date Number Price Value or Approx. Name of seller
of Ident. Shares Per Asset Cov./Share or of
Trans of Sec. Purch. Share at Time of Purch Seller's Broker
12-1 G 15000 16.7283 19.72 Deutsche Morgan
Grenfell
12-2 " " 15000 16.8125 20.08 " "
12-3 " " 15000 16.7729 20.32 " "
12-4 " " 6100 16.9488 20.78 " "
12-5 " " 15000 17.1646 20.92 " "
12-8 " " 15000 17.5508 21.28 " "
12-9 " " 15000 17.49 21.28 " "
12-10 " " 15000 17.53 20.91 Weeden & Co.
12-15 " " 12500 16.875 20.82 " "
12-15 " " 3300 16.75 20.82 " "
12-15 " " 3600 16.6875 20.82 " "
12-15 " " 500 16.625 20.82 " "
12-15 " " 1100 16.50 20.82 " "
12-16 " " 8600 17.2914 21.22 " "
12-17 " " 6000 17.50 21.65 " "
12-18 " " 9000 17.5625 21.71 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 1/12/98
