<PAGE> PAGE 1
000 A000000 04/30/99
000 C000000 0000860489
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE CENTRAL EUROPEAN EQUITY FUND,INC.
001 B000000 811-6041
001 C000000 2124697000
002 A000000 31 WEST 52ND STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 DEUTSCHE ASSET MANAGEMENT INTERNATIONAL GMBH
008 B000001 A
008 C000001 801-20289
008 D010001 FRANKFURT
008 D050001 GERMANY
008 D060001 60323
010 A000001 DEUTSCHE BANK SECURITIES
010 B000001 817822
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
011 A000001 DEUTSCHE BANK CAPITAL CORPORATION
011 B000001 8-15774
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
011 A000002 PAINE WEBBER INCORPORATED
011 B000002 8-16267
011 C010002 NEW YORK
<PAGE> PAGE 2
011 C020002 NY
011 C030002 10019
011 A000003 NOMURA SECURITIES INTERNATIONAL, INC.
011 B000003 8-15255
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10281
011 C040003 1198
012 A000001 INVESTORS BANK & TRUST COMPANY
012 B000001 84-5987
012 C010001 BOSTON
012 C020001 MA
012 C030001 02111
013 A000001 PRICEWATERHOUSECOOPERS
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 DEUTSCHE BANK SECURITIES
014 B000001 8-17822
014 A000002 DEUTSCHE BANK AG
014 B000002 8-17822
015 A000001 INVESTORS BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E040001 X
018 000000 Y
019 A000000 Y
019 B000000 3
019 C000000 GERMANYFDS
020 A000001 DEUTSCHE BANK
020 C000001 75
020 A000002 CS FIRST BOSTON
020 C000002 60
020 A000003 DRESDDNER BANK
020 C000003 24
020 A000004 MERRILL LYNCH
020 C000004 21
020 A000005 JP MORGAN SECURITIES
020 C000005 16
020 A000006 SALOMON BROTHERS
020 C000006 13
020 A000007 CREDITANSTALT
020 C000007 12
020 A000008 SBC WARBURG
020 C000008 11
020 A000009 NOMURA BANK
020 C000009 7
020 A000010 SOCIETE GENERALE
020 C000010 3
<PAGE> PAGE 3
021 000000 245
022 A000001 CITIBANK
022 C000001 0
022 D000001 20936
022 A000002 CREDITANSTALT
022 C000002 15933
022 D000002 4028
022 A000003 CS FIRST BOSTON
022 C000003 3307
022 D000003 12956
022 A000004 DRESDNER BANK
022 C000004 3042
022 D000004 1437
022 A000005 SCHRODER SECURITIES
022 C000005 4333
022 D000005 0
022 A000006 SOCIETE GENERALE
022 C000006 0
022 D000006 2107
022 A000007 NOMURA BANK
022 C000007 1753
022 D000007 345
022 A000008 ING BARING
022 C000008 0
022 D000008 1131
022 A000009 MERRILL LYNCH
022 C000009 561
022 D000009 1218
022 C000010 0
022 D000010 0
023 C000000 47215
023 D000000 70673
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
<PAGE> PAGE 4
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
<PAGE> PAGE 5
047 000000 Y
048 000000 0.000
048 A010000 100000
048 A020000 0.350
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 100000
048 K020000 0.250
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 Y
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
<PAGE> PAGE 6
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
<PAGE> PAGE 7
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 63212
071 B000000 60051
071 C000000 166098
071 D000000 36
072 A000000 6
072 B000000 69
072 C000000 13
072 D000000 0
072 E000000 0
072 F000000 264
072 G000000 521
072 H000000 0
072 I000000 0
072 J000000 136
072 K000000 0
072 L000000 120
072 M000000 77
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 28
072 S000000 75
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 48
072 X000000 1269
072 Y000000 0
072 Z000000 -1187
072AA000000 0
072BB000000 2425
072CC010000 6755
072CC020000 0
<PAGE> PAGE 8
072DD010000 1544
072DD020000 0
072EE000000 0
073 A010000 0.1400
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 2399
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 2253
074 F000000 185616
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 228
074 M000000 9
074 N000000 190505
074 O000000 0
074 P000000 124
074 Q000000 0
074 R010000 23157
074 R020000 0
074 R030000 0
074 R040000 268
074 S000000 0
074 T000000 166956
074 U010000 10398
074 U020000 0
074 V010000 16.06
074 V020000 0.00
074 W000000 0.0000
074 X000000 3326
074 Y000000 0
075 A000000 0
075 B000000 172412
076 000000 12.75
077 A000000 N
078 000000 N
080 A000000 VIGILANT INSURANCE COMPANY
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 66
086 A020000 866
086 B010000 710
<PAGE> PAGE 9
086 B020000 9336
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 15343610 0
087 A030000 CEE
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE JOSEPH M. CHEUNG
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> APR-30-1999
<INVESTMENTS-AT-COST> 177,661,592
<INVESTMENTS-AT-VALUE> 187,868,950
<RECEIVABLES> 228,179
<ASSETS-OTHER> 9,215
<OTHER-ITEMS-ASSETS> 2,399,083
<TOTAL-ASSETS> 190,505,427
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,549,487
<TOTAL-LIABILITIES> 23,549,487
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 180,873,385
<SHARES-COMMON-STOCK> 10,397,695
<SHARES-COMMON-PRIOR> 11,041,676
<ACCUMULATED-NII-CURRENT> (1,447,623)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (22,660,752)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,190,930
<NET-ASSETS> 166,955,940
<DIVIDEND-INCOME> 12,632
<INTEREST-INCOME> 69,432
<OTHER-INCOME> 0
<EXPENSES-NET> 1,268,594
<NET-INVESTMENT-INCOME> (1,186,530)
<REALIZED-GAINS-CURRENT> (2,424,600)
<APPREC-INCREASE-CURRENT> 6,754,980
<NET-CHANGE-FROM-OPS> 3,143,850
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,543,986
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 710,000
<SHARES-REINVESTED> 66,019
<NET-CHANGE-IN-ASSETS> (6,869,198)
<ACCUMULATED-NII-PRIOR> 1,282,893
<ACCUMULATED-GAINS-PRIOR> (22,236,152)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 263,920
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,268,594
<AVERAGE-NET-ASSETS> 172,411,789
<PER-SHARE-NAV-BEGIN> 15.74
<PER-SHARE-NII> (.11)
<PER-SHARE-GAIN-APPREC> .39
<PER-SHARE-DIVIDEND> .14
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.06
<EXPENSE-RATIO> 1.48
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>