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 AUGUST 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
8-3 CEE 10200 16.0625 20.35 Bear Stearns
8-4 " " 10200 15.712 20.35 " "
8-5 " " 10200 15.656 19.94 Weeden & Co.
8-5 " " 29800 15.656 19.94 " "
8-6 " " 252000 15.623 19.76 " "
8-10 " " 110000 15.3125 19.18 " "
8-25 " " 15200 12.649 16.66 " "
8-26 " " 15200 12.0625 15.73 " "
8-27 " " 15200 11.125 14.61 " "
8-28 " " 65200 10.184 14.16 " "
8-31 " " 46400 10.3551 13.99 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Joseph Cheung - Treasurer
Date of Statement 9/10/98
