<PAGE>
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 JULY 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
7-12 CEE 8200 14.0252 17.37 Weeden & Co
7-13 " " 29400 13.9354 17.18 " "
7-14 " " 9400 13.7500 17.36 " "
7-15 " " 5000 13.9375 17.57 " "
7-16 " " 5400 13.7245 17.44 " "
7-19 " " 10400 13.7776 17.35 " "
7-20 " " 10700 13.5625 17.40 " "
7-21 " " 4500 13.6250 17.34 " "
7-22 " " 12100 13.6033 17.33 " "
7-23 " " 12000 13.5521 17.43 " "
7-26 " " 1200 13.7500 17.34 " "
7-27 " " 10800 13.7448 17.39 " "
7-28 " " 3400 13.8125 17.46 " "
7-29 " " 10800 13.5972 17.23 " "
7-30 " " 10800 13.7164 17.31 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Assistant Treasurer
Date of Statement 9/10/99
Page 1
<PAGE>
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 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
8-2 CEE 9000 13.4514 17.19 Weeden & Co
8-3 " " 100000 13.3750 17.19 " "
8-4 " " 50000 13.3750 17.40 " "
8-5 " " 9000 13.3750 17.06 " "
8-6 " " 3000 13.3125 17.10 " "
8-9 " " 1400 13.2500 17.10 " "
8-10 " " 7700 13.1396 16.76 " "
8-11 " " 2500 13.6250 16.79 " "
8-12 " " 7700 13.2906 16.94 " "
8-13 " " 5700 13.2961 17.03 " "
8-16 " " 6000 13.3250 17.07 " "
8-17 " " 6000 13.3438 17.03 " "
8-18 " " 6000 13.3125 17.00 " "
8-19 " " 5000 13.3175 16.99 " "
8-20 " " 900 13.3125 17.16 " "
8-23 " " 200 13.4375 17.30 " "
8-24 " " 5800 13.3125 17.24 " "
8-25 " " 4800 13.5065 17.37 " "
8-26 " " 5400 13.5000 17.38 " "
8-27 " " 5800 13.6250 17.41 " "
8-30 " " 3000 13.4375 17.42 " "
8-31 " " 800 13.4375 17.37 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Assistant Treasurer
Date of Statement 9/10/99
Page 2
<PAGE>
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 SEPTEMBER 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
9-1 CEE 900 13.5556 17.29 Weeden & Co
9-2 " " 5300 13.4375 17.13 " "
9-3 " " 5500 13.5625 17.32 " "
9-7 " " 3800 13.5000 17.27 " "
9-8 " " 3800 13.3651 17.14 " "
9-9 " " 3800 13.3569 17.28 " "
9-10 " " 2000 13.5000 17.29 " "
9-13 " " 3900 13.3942 16.97 " "
9-14 " " 3900 13.3446 16.74 " "
9-15 " " 33900 13.2653 16.40 " "
9-16 " " 3900 12.9391 16.26 " "
9-17 " " 3900 12.8990 16.30 " "
9-20 " " 300 12.9375 16.37 " "
9-21 " " 29800 12.7588 16.11 " "
9-22 " " 3800 12.3635 16.02 " "
9-27 " " 2900 12.2500 15.85 " "
9-28 " " 19900 12.3125 15.72 " "
9-29 " " 4900 12.2755 15.72 " "
9-30 " " 4900 12.2500 15.68 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Assistant Treasurer
Date of Statement 10/8/99
Page 3
<PAGE>
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 OCTOBER 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
10-01 CEE 4900 12.2742 15.64 Weeden & Co
10-04 " " 2200 12.3011 15.85 " "
10-05 " " 4900 12.3750 15.95 " "
10-06 " " 6200 12.3492 16.08 " "
10-20 " " 1500 12.1250 15.78 " "
10-21 " " 3400 12.0257 15.79 " "
10-25 " " 500 12.3125 15.91 " "
10-26 " " 6300 12.3125 15.86 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Assistant Treasurer
Date of Statement 11/5/99
Page 4