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 MAY 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
5-8 CEE 5000 19.75 24.02 Weeden & Co.
5-11 " " 14000 19.9643 23.92 " "
5-12 " " 50000 19.875 23.49 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 6/9/98
