MORGAN STANLEY DEAN WITTER SPECIAL VALUE FUND
NSAR-B, EX-27, 2000-09-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MSDW SPECIAL VALUE FUND
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                      201,079,243
<INVESTMENTS-AT-VALUE>                     215,954,773
<RECEIVABLES>                                2,803,621
<ASSETS-OTHER>                                  38,508
<OTHER-ITEMS-ASSETS>                            83,076
<TOTAL-ASSETS>                             218,841,470
<PAYABLE-FOR-SECURITIES>                   (1,960,724)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    (549,202)
<TOTAL-LIABILITIES>                        (2,509,926)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   207,822,768
<SHARES-COMMON-STOCK>                          602,492
<SHARES-COMMON-PRIOR>                          614,151
<ACCUMULATED-NII-CURRENT>                      148,748
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (6,515,502)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,875,530
<NET-ASSETS>                                 7,105,030
<DIVIDEND-INCOME>                            3,475,396
<INTEREST-INCOME>                            1,145,942
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (4,591,258)
<NET-INVESTMENT-INCOME>                         30,080
<REALIZED-GAINS-CURRENT>                   (4,983,260)
<APPREC-INCREASE-CURRENT>                   17,020,664
<NET-CHANGE-FROM-OPS>                       12,067,484
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (3,427)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        743,193
<NUMBER-OF-SHARES-REDEEMED>                  (755,160)
<SHARES-REINVESTED>                                308
<NET-CHANGE-IN-ASSETS>                    (66,503,268)
<ACCUMULATED-NII-PRIOR>                         33,585
<ACCUMULATED-GAINS-PRIOR>                  (1,583,089)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                      (1,749,834)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (4,591,258)
<AVERAGE-NET-ASSETS>                         6,464,415
<PER-SHARE-NAV-BEGIN>                            10.89
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           0.83
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.79
<EXPENSE-RATIO>                                   1.23


</TABLE>


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