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 2003
THE NEW GERMANY FUND, INC.
(Name of registered closed-end investment company)
Approx Asset
Date Number Price Value or Approx Seller
Each Ident Shrs Per Asset Cov/Shr or Seller's
Trans Sec Purch Share at Time of Purch Broker
01-02 GF 7000 3.7169 4.69 Weeden & Co.
01-03 " " 2000 3.6900 4.71 " "
01-06 " " 5000 3.7792 4.75 " "
01-07 " " 3000 3.8200 4.69 " "
01-08 " " 2000 3.7650 4.58 " "
01-09 " " 1000 3.7100 4.63 " "
01-10 " " 500 3.7980 4.73 " "
01-13 " " 5000 3.8880 4.79 " "
01-14 " " 4000 3.8900 4.83 " "
01-15 " " 3000 3.9200 4.80 " "
01-16 " " 3500 3.9157 4.81 " "
01-17 " " 2000 3.8100 4.76 " "
01-21 " " 2000 3.7600 4.77 " "
01-22 " " 4000 3.6930 4.69 " "
01-23 " " 2000 3.8000 4.72 " "
01-24 " " 3000 3.7017 4.71 " "
01-27 " " 5000 3.7330 4.64 " "
01-28 " " 2000 3.7200 4.61 " "
01-29 " " 1000 3.6900 4.65 " "
01-30 " " 3000 3.7267 4.61 " "
01-31 " " 2400 3.7100 4.66 " "
The New Germany Fund, Inc.
(Name of Registrant)
By Corinna Chan - Fund Administrator
Date of Statement 1/05/03