<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 JANUARY 2000
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
01-03 CEE 10000 14.8438 19.02 Weeden & Co
01-04 " " 10000 14.5188 19.09 " "
01-05 " " 5800 14.3125 18.82 " "
01-06 " " 10000 14.4750 19.15 " "
01-07 " " 20000 15.3056 19.75 " "
01-10 " " 20000 16.1141 20.38 " "
01-11 " " 12500 15.9880 20.36 " "
01-12 " " 2000 15.6875 20.32 " "
01-13 " " 4800 16.2240 20.66 " "
01-14 " " 18000 16.5153 21.10 " "
01-18 " " 10000 16.2500 21.03 " "
01-19 " " 12700 16.1727 20.83 " "
01-20 " " 15600 16.4992 21.10 " "
01-21 " " 12000 16.2500 20.88 " "
01-24 " " 15600 16.1587 20.70 " "
01-25 " " 32000 15.7871 20.02 " "
01-26 " " 10000 16.0313 20.24 " "
01-27 " " 13300 16.2458 20.61 " "
01-28 " " 28100 16.1190 20.41 " "
01-31 " " 17400 15.6358 19.83 " "
The Central European Equity Fund, Inc.
Name of Registrant
By Isabella Chan - Fund Administrator
Date of Statement 02/01/00
