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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 G69d2ueODeyfXyGXiZLvew==

<SEC-DOCUMENT>0000889812-00-000032.txt : 20000107
<SEC-HEADER>0000889812-00-000032.hdr.sgml : 20000107
ACCESSION NUMBER:		0000889812-00-000032
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19991130
FILED AS OF DATE:		20000106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANCE GROWTH FUND INC
		CENTRAL INDEX KEY:			0000860743
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133560020
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00829
		FILM NUMBER:		502193

	BUSINESS ADDRESS:	
		STREET 1:		1285 AVENUE OF THE AMERICAS
		STREET 2:		C/O MITCHELL HUTCHINS ASSET MANAGEMENT
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2127133589

	MAIL ADDRESS:	
		STREET 1:		1285 AVE OF THE AMERICAS
		STREET 2:		32ND FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<DESCRIPTION>STATEMENT BY REGISTERED CLOSED-END INVESTMENT COMP
<TEXT>

<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

              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

                (See rules and instructions on back of this form.
        If acknowledgment is desired, file this form with the Commission
                                 in triplicate.)

REPORT FOR CALENDAR MONTH ENDING:   December, 1999

                          The France Growth Fund, Inc.
               (Name of registered closed-end investment company)
 -----------------------------------------------------------------------------


<TABLE>
<CAPTION>

                                                                                Approximate Asset
                                                                                    Value or
                                            Number of                           approximate asset
  Date of each     Identification of         Shares        Price per Share     coverage per share      Name of Seller or
  Transaction           Security            Purchased                          at time of purchase    of Seller's Broker
  -----------           --------            ---------      ---------------     -------------------    ------------------
  <S>                 <C>                     <C>              <C>                    <C>                <C>
    12/01/99          Common Stock            3,800            14.8125                17.82               PaineWebber
                                                                                                            Houston

    12/02/99          Common Stock            6,200            14.8125                17.67               PaineWebber
                                                                                                            Houston
</TABLE>


REMARKS: None                                   The France Growth Fund, Inc
                                                ------------------------------
                                                Name of Registrant

                                       By:      /s/ Frederick J. Schmidt
                                       Name:    Frederick J. Schmidt
                                       Title:   Vice President and Treasurer


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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