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Supplement dated October 20, 1999
to Prospectus dated May 1, 1999
of
Emerging Markets Debt Portfolio
Portfolio of
Morgan Stanley Dean Witter Universal Funds, Inc.
P.O. Box 2798
Boston, Massachusetts
02208-2798
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The Prospectus is hereby amended and supplemented to reflect a change in the
portfolio's management. Thomas L. Bennett no longer serves as Portfolio
Manager. Accordingly, the paragraph under "Portfolio Managers" on page 5 is
hereby deleted and replaced with the following:
EMERGING MARKETS DEBT PORTFOLIO
Stephen F. Esser and Abigail L. McKenna.
Stephen F. Esser, a Managing Director of Morgan Stanley, joined MSDW
Investment Management in 1996 and has been a Portfolio Manager with MAS since
1988. Mr. Esser is a member of the New York Society of Security Analysts and
holds a B.S. degree (Summa Cum Laude and Phi Beta Kappa) from the University
of Delaware. Abigail L. McKenna is a Principal of MSDW Investment Management
and Morgan Stanley. Ms. McKenna focuses primarily on the trading and
management of the emerging markets debt portfolios. Prior to joining MSDW
Investment Management, she was a Senior Portfolio Manager at MIMCO from 1995
to 1996 and a Limited Partner at Weiss Peck & Greer from 1991 to 1995, where
she was responsible for the portfolio management of Corporate Bond Portfolios.
Ms. McKenna holds a B.A. in International Relations from Georgetown University
and is a Chartered Financial Analyst. Mr. Esser and Ms. McKenna have shared
primary responsibility for managing the Portfolio's assets since October 1998.
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