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Filed Pursuant to Rule 497(e)
Registration File No.: 333-06935
SUPPLEMENT TO THE PROSPECTUS OF
DEAN WITTER SPECIAL VALUE FUND
DATED SEPTEMBER 30, 1997
The last two sentences in the first paragraph under the subsection
entitled "Portfolio Management" under the section of the Prospectus entitled
"INVESTMENT OBJECTIVE AND POLICIES" are hereby replaced by the following:
Jenny Beth Jones, Senior Vice President of InterCapital, has been the
primary portfolio manager of the Fund since its inception and has been
assisted by John S. Roscoe, Vice President of InterCapital, since April
1998. Prior to joining InterCapital in August 1996, Ms. Jones was a
portfolio manager at Oppenheimer Capital. Prior to joining InterCapital
in December 1997, Mr. Roscoe was an equity analyst at Rockefeller & Co.,
Inc. (June 1994 -- December 1997) and prior thereto was a manager at
Pfizer Inc.
April 30, 1998