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 MARCH 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
3-1 CEE 3500 12.2071 14.85 Paine Webber
3-2 " " 3000 12.125 14.74 " "
3-3 " " 3000 11.875 14.51 " "
3-4 " " 13500 11.50 14.31 Weeden & Co.
3-5 " " 3500 11.6518 14.65 " "
3-9 " " 3900 11.8109 15.20 " "
3-10 " " 3000 12.0188 15.31 " "
3-12 " " 2000 12.625 15.61 " "
3-15 " " 4600 12.322 15.64 " "
3-16 " " 4600 12.375 15.62 " "
3-17 " " 4000 12.3813 15.58 " "
3-18 " " 4600 12.25 15.40 Paine Webber
3-19 " " 4000 12.3125 15.57 " "
3-22 " " 24000 12.2786 15.44 " "
3-23 " " 5000 12.1263 15.11 " "
3-24 " " 3500 11.875 14.79 " "
3-25 " " 4000 12.3281 15.03 " "
3-26 " " 15000 11.865 14.74 " "
3-29 " " 4800 11.8125 14.74 " "
3-31 " " 4000 11.8875 15.03 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Laura Weber - Assistant Treasurer
Date of Statement 4/12/99
