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 OCTOBER 2002 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 10-01 GF 3000 3.2300 3.95 Weeden & Co. 10-02 " " 3000 3.2500 3.98 " " 10-03 " " 6000 3.2000 3.95 " " 10-04 " " 3000 3.1500 3.85 " " 10-07 " " 6000 3.0133 3.81 " " 10-08 " " 4000 3.0100 3.75 " " 10-09 " " 20500 2.8960 3.74 " " 10-10 " " 3000 2.9000 3.81 " " 10-11 " " 3000 3.1400 3.97 " " 10-14 " " 1000 3.2000 4.07 " " 10-15 " " 1000 3.3500 4.30 " " 10-16 " " 2000 3.3500 4.24 " " 10-17 " " 5000 3.5000 4.35 " " 10-18 " " 3000 3.3600 4.36 " " 10-21 " " 5000 3.4900 4.40 " " 10-22 " " 3000 3.4000 4.44 " " 10-23 " " 19200 3.3500 4.32 " " 10-24 " " 17500 3.4200 4.36 " " 10-25 " " 5000 3.3996 4.36 " " 10-28 " " 2000 3.5900 4.43 " " 10-29 " " 3000 3.4350 4.39 " " 10-30 " " 11000 3.4621 4.45 " " 10-31 " " 10000 3.5554 4.53 " " The New Germany Fund, Inc. (Name of Registrant) By Isabella Chan - Fund Administrator Date of Statement 11/01/02