New Germany Fund, Inc. Quarterly Report Is Now Available Online At www.Germanyfund.com

New Germany Fund, Inc. Quarterly Report Is Now Available Online At
www.Germanyfund.com 


NEW YORK, Nov. 20  /PRNewswire-FirstCall/ -- The New Germany Fund, Inc. 
announced today that its September 30, 2003, quarterly report is now available
online at http://www.germanyfund.com/

The New Germany Fund, Inc. is a non-diversified, closed-end investment company
seeking capital appreciation primarily through equity investments in middle
market German corporations.  The Fund may also invest up to 20% of its assets in
equity securities of other Western European companies.  Its shares are listed on
the New York Stock Exchange under the symbol "GF."

Investments in funds involve risk. Some funds have more risk than others. These
include funds that allow exposure to or otherwise concentrate investments in
certain sectors, geographic regions, security types, market capitalization or
foreign securities (e.g., political or economic instability, which can be
accentuated in emerging market countries).

Not FDIC Insured/No Guarantee/May Lose Value. 

DATASOURCE: The New Germany Fund, Inc.



CONTACT:  James Beale, Asst. Vice President, Closed-End Funds,

[phone]; or Pamela O'Brien, Managing Director of Capital Link, Inc.,

[phone], both for The New Germany Fund, Inc.



Web site:  http://www.germanyfund.com/ 

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