DEAN WITTER SPECIAL VALUE FUND, 497, 1997-03-20

DEAN WITTER SPECIAL VALUE FUND
497, 1997-03-20

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                                              Filed Pursuant to Rule 497(e)
                                              Registration File No.: 33-06935




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                       SUPPLEMENT TO THE PROSPECTUS OF 
             DEAN WITTER SPECIAL VALUE FUND DATED AUGUST 28, 1996 

   The following disclosure is added as a new paragraph in the prospectus of 
Dean Witter Special Value Fund (the "Fund") under the section entitled 
"Purchase of Fund Shares": 

    Effective March 14, 1997, the Fund has temporarily suspended the offering 
    of its shares to new investors. Existing shareholders will continue to be 
    able to purchase additional Fund shares in the usual manner. Automatic 
    reinvestment of dividends and distributions, and other shareholder 
    services for existing Fund shareholders such as the Systematic Withdrawal 
    Plan, EasyInvest (SM) and the Exchange Privilege, will not be 
    affected. The Fund will recommence offering its shares to new investors 
    from time to time as such offering may be determined by the Fund's 
    Investment Manager to be consistent with prudent portfolio management. 

March 14, 1997