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 FEBRUARY 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
2-1 CEE 7600 13.8125 17.13 Bear Stearns
2-2 " " 200 13.7188 16.98 Paine Webber
2-3 " " 7700 13.8198 16.87 " "
2-4 " " 4000 13.7031 16.86 " "
2-5 " " 5700 13.5329 16.72 " "
2-8 " " 5800 13.4957 16.43 " "
2-10 " " 5700 12.9836 16.23 Bear Stearns
2-11 " " 5500 12.9375 16.37 Paine Webber
2-12 " " 12500 13.0625 16.37 " "
2-16 " " 4500 13.1083 16.34 Bear Stearns
2-17 " " 3700 13.0693 16.12 " "
2-18 " " 4000 12.9375 15.98 " "
2-19 " " 1600 12.9375 15.59 " "
2-22 " " 28400 12.7425 15.46 Paine Webber
2-23 " " 1500 12.5208 15.37 " "
2-24 " " 3400 12.625 15.53 " "
2-25 " " 3000 12.4479 15.26 " "
2-26 " " 3200 12.0625 15.02 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Laura Weber - Assistant Treasurer
Date of Statement 3/10/99
