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 1999
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
4-1 CEE 4600 11.9198 15.13 Paine Webber
4-5 " " 5800 12.2306 15.11 " "
4-6 " " 5800 12.3987 15.31 " "
4-7 " " 5000 12.6388 15.58. " "
4-8 " " 58800 12.8601 15.84 " "
4-9 " " 20800 12.8023 15.83 " "
4-13 " " 6000 12.5594 15.72 " "
4-14 " " 5000 12.3875 15.64 " "
4-15 " " 2200 12.5313 15.56 Weeden & Co
4-16 " " 6300 12.5694 15.47 " "
4-19 " " 6800 12.6526 15.71 " "
4-20 " " 4100 12.6509 15.73 " "
4-21 " " 4000 12.6172 15.77 " "
4-22 " " 6800 12.6434 15.82 " "
4-23 " " 6000 12.75 15.94 " "
4-26 " " 2300 12.7038 15.91 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Laura Weber - Assistant Treasurer
Date of Statement 5/10/99
