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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 MAY 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
05-01 CEE 3000 14.8542 20.36 Weeden & Co
05-02 " " 3000 14.6458 20.61 " "
05-03 " " 3000 14.4208 20.21 " "
05-04 " " 2300 14.3560 19.90 " "
05-05 " " 3000 14.2083 19.69 " "
05-08 " " 3400 14.0993 19.69 " "
05-09 " " 3400 13.9743 19.57 " "
05-10 " " 2400 13.9271 19.64 " "
05-11 " " 3200 14.2383 19.91 " "
05-15 " " 2400 14.3750 20.24 " "
05-16 " " 3400 14.6250 20.36 " "
05-17 " " 2200 14.3864 19.73 " "
05-18 " " 3200 14.2324 19.67 " "
05-19 " " 3200 13.7383 18.80 " "
05-22 " " 1700 13.4926 18.58 " "
05-23 " " 1000 13.4375 18.63 " "
05-24 " " 600 13.3125 18.31 " "
05-25 " " 2000 13.3750 18.69 " "
05-26 " " 3000 13.3542 18.70 " "
05-30 " " 3000 13.7604 19.94 " "
05-31 " " 2300 14.0924 20.06 " "
The Central European Equity Fund, Inc.
Name of Registrant
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By Isabella Chan - Fund Administrator
Date of Statement 06/06/00
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