WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW INCOME BUILDER CLASS A
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 259,111,649
<INVESTMENTS-AT-VALUE> 249,150,514
<RECEIVABLES> 4,018,027
<ASSETS-OTHER> 50,742
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 253,219,283
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (627,653)
<TOTAL-LIABILITIES> (627,653)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 279,790,552
<SHARES-COMMON-STOCK> 277,157
<SHARES-COMMON-PRIOR> 1,142,532
<ACCUMULATED-NII-CURRENT> 3,007,106
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (20,244,893)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9,961,135)
<NET-ASSETS> 2,871,709
<DIVIDEND-INCOME> 9,791,902
<INTEREST-INCOME> 9,729,479
<OTHER-INCOME> 0
<EXPENSES-NET> (6,202,377)
<NET-INVESTMENT-INCOME> 13,319,004
<REALIZED-GAINS-CURRENT> (18,829,120)
<APPREC-INCREASE-CURRENT> 10,092,703
<NET-CHANGE-FROM-OPS> 4,582,587
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (259,840)
<DISTRIBUTIONS-OF-GAINS> (425,264)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 165,350
<NUMBER-OF-SHARES-REDEEMED> (1,080,681)
<SHARES-REINVESTED> 49,956
<NET-CHANGE-IN-ASSETS> (149,618,651)
<ACCUMULATED-NII-PRIOR> 2,449,140
<ACCUMULATED-GAINS-PRIOR> 11,264,613
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,388,886)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (6,202,377)
<AVERAGE-NET-ASSETS> 7,293,542
<PER-SHARE-NAV-BEGIN> 10.98
<PER-SHARE-NII> 0.53
<PER-SHARE-GAIN-APPREC> (0.26)
<PER-SHARE-DIVIDEND> (0.51)
<PER-SHARE-DISTRIBUTIONS> (0.38)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 1.21
</TABLE>
