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 JANUARY 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
1-5 CEE 7100 14.2456 17.56 Bear Stearns
1-6 " " 57100 14.8448 18.05 " "
1-7 " " 7100 14.5467 18.10 " "
1-8 " " 31200 14.9351 18.19 " "
1-11 " " 7200 14.5304 17.80 " "
1-12 " " 7200 14.1146 17.48 " "
1-13 " " 7200 13.4939 16.40 " "
1-14 " " 4800 13.3646 16.27 " "
1-15 " " 7200 13.4392 16.07 " "
1-19 " " 7800 13.50 16.99 " "
1-20 " " 7800 13.875 17.40 " "
1-21 " " 7800 13.8245 17.22 " "
1-22 " " 6200 13.6069 16.75 " "
1-25 " " 8500 13.6272 16.69 " "
1-26 " " 4000 13.7422 16.94 " "
1-27 " " 8500 13.9375 16.99 " "
1-28 " " 6000 13.9125 16.92 " "
1-29 " " 4200 13.875 17.17 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Laura Weber - Assistant Treasurer
Date of Statement 2/9/99
