MORGAN STANLEY DEAN WITTER VALUE FUND
NSAR-A, 2000-05-23
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SIGNATURE   BARRY FINK
TITLE       VICE PRESIDENT


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER VALUE FUND - CLASS A
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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<INVESTMENTS-AT-VALUE>                     123,775,693
<RECEIVABLES>                                7,618,993
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.63
<EXPENSE-RATIO>                                   1.56


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER VALUE FUND - CLASS B
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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<INVESTMENTS-AT-VALUE>                     123,775,693
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<EXPENSE-RATIO>                                   2.32


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER VALUE FUND - CLASS C
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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<EXPENSE-RATIO>                                   2.32


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER VALUE FUND - CLASS D
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
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