UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549

                              FORM N-17f-2

            Certificate of Accounting of Securities and Similar
                      Investments in the Custody of
                     Management Investment Companies

                 Pursuant to Rule 17f-2 [17 CFR 270.17f-2]


1.   Investment Company Act Rule Number:

     811-08903

2.   State identification Number:

3.   Exact name of investment company as specified in registration statement:

     CREDIT SUISSE EUROPEAN EQUITY FUND, INC.

4.   Address of principal executive office (number, street, city, state,
     Zip code):

     466 LEXINGTON AVENUE
     NEW YORK, NY   10017







                      MANAGEMENT STATEMENT
           REGARDING COMPLIANCE WITH CERTAIN PROVISIONS OF
                THE INVESTMENT COMPANY ACT OF 1940

We, as members of management of Credit Suisse Warburg Pincus
European Equity Fund, Inc. (the "Fund"), are responsible for
complying with the requirements of subsections (b) and (c) of
Rule 17f-2, Custody of Investments by Registered Management
Investment Companies, of the Investment Company Act of 1940.  We
are also responsible for establishing and maintaining effective
internal controls over compliance with those requirements.  We
have performed an evaluation of the Fund's securities lending
program compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 as of August 31, 2001, and from August 13, 2001,
the commencement of securities lending, through August 31, 2001.

Based on this evaluation, we assert that the Fund's securities
lending program was in compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of August 31, 2001, and from August 13, 2001
through August 31, 2001, with respect to securities reflected in
the investment accounts of the Fund as being out on loan.

Credit Suisse Warburg Pincus European Equity Fund, Inc.

By:  /s/Michael Pignataro
     Michael Pignataro

     Treasurer
     Title

     October 15, 2001
     Date




            REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Directors of
Credit Suisse Warburg Pincus European Equity Fund, Inc.

We have examined management's assertion, included in the
accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940, about
Credit Suisse Warburg Pincus European Equity Fund, Inc. (the
"Fund's") compliance with the requirements of subsections (b)
and (c) of Rule 17f-2 under the Investment Company Act of 1940
("the Act") as of August 31, 2001. Management is responsible
for the Fund's compliance with those requirements.  Our
responsibility is to express an opinion on management's assertion
about the Fund's compliance based on our examination.

Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified
Public Accountants and, accordingly, included examining, on a
test basis, evidence about the Fund's compliance with those
requirements and performing such other procedures as we
considered necessary in the circumstances.  Included among our
procedures for the Fund's securities lending program were the
following tests performed as of August 31, 2001, and with respect
to agreement of securities loaned and returned, for the period
from August 13, 2001 (the date of the commencement of the
securities lending), through August 31, 2001:

- - Confirmation of all securities out on loan with the Fund's
securities lending agent (an affiliated custodian);

- - Confirmation of all such securities out on loan with the Fund's
custodian;

- - Reconciliation of all such securities on loan between the
Fund's securities lending agent and custodian;

- - Confirmation of all collateral received with securities lending
agent;

- - Confirmation of all invested collateral with unaffiliated
mutual fund;

- - Agreement of 1security loan transaction since August 13, 2001
(the commencement of the securities lending) to August 31,
2001, from the books and records of the Fund to the Fund's
custodian.

We believe that our examination provides a reasonable basis for
our opinion.  Our examination does not provide a legal
determination on the Fund's compliance with specified
requirements.

In our opinion, management's assertion that Credit Suisse Warburg
Pincus European Equity Fund, Inc. securities lending program was
in compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of August 31,
2001 with respect to securities reflected in the investment
accounts of the Fund as being out on loan is fairly stated, in
all material respects.

This report is intended solely for the information and use of the
Board of Directors, management, and the Securities and Exchange
Commission and is not intended to be and should not be used by
anyone other than these specified parties.

PricewaterhouseCoopers LLP
Philadelphia, PA

October 15, 2001