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 APRIL 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
As Of Trade
3-31 CEE 5000 19.875 23.23 Weeden & Co
4-1 CEE 5000 19.75 23.27 Weeden & Co.
4-2 " " 10000 19.9375 23.31 " "
4-3 " " 11000 19.784 23.29 " "
4-6 " " 25000 19.8125 23.38 " "
4-8 " " 10000 19.8125 23.54 " "
4-14 " " 50000 19.8372 23.95 " "
4-16 " " 5000 20.1875 23.96 " "
4-21 " " 9800 20.656 23.93 " "
4-22 " " 10000 20.937 24.01 " "
4-23 " " 10000 20.875 23.97 " "
4-24 " " 7500 20.625 23.96 " "
4-27 " " 21000 19.857 23.59 " "
4-28 " " 7500 19.875 23.21 " "
4-29 " " 15000 19.50 23.47 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 5/4/98
