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Supplement dated January 24, 2000
to Prospectus dated May 1, 1999
of
Asian Equity 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 changes in
the portfolio management of the Asian Equity Portfolio (the "Portfolio").
Timothy Jensen no longer serves as a Portfolio Manager to the Portfolio.
Ashutosh Sinha, who previously shared primary responsibility with Mr.
Jensen, will continue to have primary responsibility for managing the
assets of the Portfolio. Accordingly, the paragraph "ASIAN EQUITY
PORTFOLIO" on page 5 is hereby deleted and replaced with the following:
ASIAN EQUITY PORTFOLIO
Ashutosh Sinha
Ashutosh Sinha joined MSDW Investment Management in 1995. He is a Principal
of MSDW Investment Management and Morgan Stanley and a member of MSDW
Investment Management's Emerging Markets Equity Group, focusing primarily
on Asian markets other than Japan. Prior to joining MSDW Investment
Management, he spent two years at SBI Funds Management Ltd., where he was
an analyst for the India Magnum Fund. Previous to that, he worked for three
years as a consultant for Citicorp Overseas Software Ltd. He graduated from
the Indian Institute of Technology, Kanpur, with a degree in Electrical
Engineering and received an M.B.A. from the Indian Institute of Management,
Calcutta. Mr. Sinha has had primary responsibility for managing the
Portfolio's assets since August 1998.
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