Pursuant to Rule 424(b)(3)
File No. 333-90483
November 21, 2000
MORGAN STANLEY DEAN WITTER SPECTRUM CURRENCY L.P.
MORGAN STANLEY DEAN WITTER SPECTRUM COMMODITY L.P.
SUPPLEMENT TO THE PROSPECTUS DATED MARCH 6, 2000
Commencing December 1, 2000, the following changes will be made to each
partnership's fee structure:
SPECTRUM COMMODITY
The annual incentive fee paid by Spectrum Commodity to its trading advisor will
be changed from 20% to 17.5% of partnership trading profits, as determined from
the end of the last period in which an incentive fee was earned. No incentive
fee will be paid to the trading advisor unless the trading advisor recoups all
prior trading losses and has again achieved net new high trading profits for the
period.
SPECTRUM CURRENCY
The management fee paid by Spectrum Currency to John W. Henry & Company, Inc.
will be changed from a 4% to a 2% annual rate and the management fee paid by
Spectrum Currency to Sunrise Capital Partners, LLC will be changed from a 3% to
a 2% annual rate. Additionally, the monthly incentive fee paid by Spectrum
Currency to each trading advisor will be changed from 15% to 20% of partnership
trading profits, as determined from the end of the last period in which an
incentive fee was earned. No incentive fee will be paid to a trading advisor
unless that trading advisor recoups all prior trading losses on its allocated
assets and has again achieved net new high trading profits for the period.
