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THE COMPETITIVE EDGE
"BEST IDEAS" PORTFOLIO
SERIES 99-1
(A Unit Investment Trust)
- - FIXED PORTFOLIO
- - CAPITAL APPRECIATION POTENTIAL
- - GLOBAL DIVERSIFICATION
- - EASY LIQUIDITY
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK, AND THE UNITS ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION, FEDERAL RESERVE BOARD OR ANY OTHER AGENCY. INVESTMENT IN UNITS OF
THE TRUST IS SUBJECT TO INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF THE
PRINCIPAL AMOUNT INVESTED.
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Summary of Essential Information
as of February 5, 1999
SIZE OF OFFERING
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Aggregate Value of Securities.... $241,669.56
Number of Units.................. 25,000
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PRICE
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Public Offering Price Per Unit
(including sales charge)..... $9.7496
Minimum Purchase: $1,000
Public Offering Price Per 100
Units (including sales
charge)...................... $974.96
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RECORD DATES
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June 1, 1999 and May 8, 2000
DISTRIBUTION DATES
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June 15, 1999 and on or about May 15, 2000
TERMINATION DATE
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May 8, 2000
SALES CHARGE
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The one-year sales charge is 2.90% of the Public Offering Price of which $20 per
100 Units is deferred. The one-year deferred sales charge generally is paid from
the proceeds of securities sold each month commencing May 28, 1999 ($2.00 per
100 Units per month for 10 months). Volume discounts begin on orders of $25,000
or more.
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TRUSTEE SPONSOR
The Bank of New York Dean Witter Reynolds
101 Barclay Street Inc.
New York, NY 10286 2 World Trade Center
New York, NY 10048
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MORGAN STANLEY DEAN WITTER IS A SERVICE MARK OF MORGAN STANLEY DEAN WITTER &
CO.
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INVEST IN THE 40 "BEST IDEAS" STOCKS IN TODAY'S GLOBAL
MARKET PLACE FOR AS LITTLE AS $1,000 ($100 FOR IRAS OR DIRECT INVEST)
YOUR EDGE FOR GLOBAL INVESTING
The Morgan Stanley Dean Witter Competitive Edge "Best Ideas" Portfolio brings
together the research, the expertise and the diversification needed to invest in
today's global market place. This unit investment trust features a fixed
Portfolio of professionally selected stocks, representing Morgan Stanley Dean
Witter (MSDW) Global Equity Research group's February, 1999 Competitive Edge
"Best Ideas" list of common stocks. With the purchase of the Competitive Edge
unit trust, the investor has access to a portfolio that encompasses a
world-class collection of companies--each of which is considered by MSDW to be a
global leader within its industry.
FULLY LIQUID INVESTMENT
All or a portion of your units may be sold at any time, based on the net asset
value of the securities in the portfolio (including deductions for any remaining
deferred sales charge), which may be more or less than the original price paid.
AUTOMATIC DIVIDEND REINVESTMENT
Investors may elect to have distributions automatically reinvested in additional
units of the portfolio, subject to any remaining deferred sales charge.
SUITABLE FOR RETIREMENT ACCOUNTS
This Trust may be an attractive investment vehicle for a self-directed IRA or
self-employed retirement plan ("Keogh plan"). Unless held in an IRA or other
tax-deferred vehicle, there may be current tax consequences associated with an
investment in this type of unit investment trust. As a capital
appreciation-oriented investment it may be a suitable complement to help
increase the growth potential of an investor's overall portfolio.
SHORT-TERM LIFE
Unitholders may choose to hold their units for approximately one year. The
portfolio will then either be liquidated or distributed to unitholders in-kind
at their election. Investors may, of course, sell or redeem their units at any
time prior to the Trust's termination.
ROLLOVER OPTION
Investors, in connection with the Trust's termination, may elect to roll over
their investment into units of a new series, if offered, subject only to the
deferred sales charge.
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FOR A COPY OF THE PROSPECTUS CONTAINING MORE COMPLETE INFORMATION INCLUDING
CHARGES, EXPENSES AND RISKS, CONTACT YOUR FINANCIAL ADVISOR. READ THE PROSPECTUS
CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
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RISKS
Investors should note that MSDW Global Equity Research continually reviews and
updates its Competitive Edge Best Ideas list. The list is expected to change,
and may substantially change, over the life of the Trust.
The portfolio of the Trust is an unmanaged, fixed portfolio. It is based on a
longer term strategy, taking the February 1999 Competitive Edge Best Ideas list
and holding these stocks for the life of the Trust. Regardless of any changes to
the list, the identity and proportionate relationship of the Trust's securities
is expected to remain the same as shown in "Schedule of Portfolio Securities".
Therefore, the performance of the Trust will vary from the list.
The Trust is not an appropriate investment for those seeking high current income
or capital preservation. Investors must be able and willing to assume the risks
associated with equity investing in a fixed portfolio of common stocks. Risks of
investing in common stocks such as the Trust's securities include price
volatility resulting from factors affecting particular common stock and the
equity markets in general. Equity markets have been at historically high levels
and no assurance can be given that these levels will continue.
In addition, the Portfolio will contain securities of non-U.S. issuers, which
may involve risks that are different from those involved in holding securities
of domestic issuers. These include currency risk, the risk of future political
and economic developments, as well as price volatility. Read the prospectus for
more complete risk information.
DEAN WITTER DIRECT INVESTSM
DIRECT INVEST is an automatic investment program that can help individuals
invest for the future, now. Morgan Stanley Dean Witter created DIRECT INVEST
because preparing for the future, such as financing a college education, a down
payment on a new house, or retirement, can be difficult. Through DIRECT INVEST,
regular deductions from a checking or savings account or Morgan Stanley Dean
Witter Active Assets-Registered Trademark- Accounts are used to purchase units
of the MORGAN STANLEY DEAN WITTER COMPETITIVE EDGE "BEST IDEAS" PORTFOLIO
without writing any checks! The program has the additional benefits of allowing
investors to choose their own investment schedule, either once a month, twice a
month or quarterly, and also to create a purchase rate that fits into their
budget. DIRECT INVEST does not assure a profit and does not protect against loss
in declining markets.
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SCHEDULE OF PORTFOLIO SECURITIES
THE COMPETITIVE EDGE "BEST IDEAS" PORTFOLIO SERIES 99-1
ON DATE OF DEPOSIT, FEBRUARY 5, 1999
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PROPORTIONATE PERCENTAGE
RELATIONSHIP OF AGGREGATE PRICE PER
PORTFOLIO NUMBER OF BETWEEN NO. MARKET VALUE SHARE TO
NO. NAME OF COMMON STOCK ISSUER SHARES OF SHARES OF TRUST TRUST
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1. AES Corp. 174 2.54% 2.67% $ 37.1250
2. AXA-UAP 43 0.63 2.46 138.1039
3. American Express Co. 61 0.89 2.48 98.1250
4. American Home Products Corporation 105 1.53 2.49 57.3750
5. BTR Siebe PLC 1,497 21.81 2.52 4.0733
6. The Bank of New York Company, Inc. 185 2.70 2.53 33.0000
7. Bayerische Motorenwerke AG (BMW) 8 0.12 2.55 769.5006
8. The Chubb Corporation 104 1.52 2.50 58.0625
9. Cisco Systems, Inc. 58 0.85 2.43 101.2500
10. Clear Channel Communications, Inc. 96 1.40 2.54 64.0000
11. Coca-Cola Enterprises, Inc. 179 2.61 2.49 33.6250
12. Danone 22 0.32 2.57 282.3007
13. Diageo PLC 577 8.41 2.59 10.8321
14. Disney (Walt) Company 185 2.70 2.62 34.2500
15. E.I. Dupont de Nemours & Co. 112 1.63 2.55 55.1250
16. EMC Corporation 62 0.90 2.50 97.5000
17. Emerson Electric Co. 112 1.63 2.56 55.1875
18. FDX Corp. 75 1.09 2.56 82.5625
19. General Electric Co. 61 0.89 2.47 98.0000
20. HSBC Holdings 245 3.57 2.47 24.3915
21. Halliburton Co. 204 2.97 2.62 31.0000
22. Heineken N.V. 112 1.63 2.48 53.5943
23. Holderbank Financiere Glarus AG 6 0.09 2.66 1,069.5904
24. Intel Corp. 47 0.68 2.48 127.5625
25. Eli Lilly and Company 67 0.98 2.45 88.4375
26. Lucent Technologies Inc. 59 0.86 2.44 99.8750
27. MCI-Worldcom Inc. 80 1.17 2.52 76.2500
28. Medtronic, Inc. 71 1.03 2.55 86.7500
29. Microsoft Corp. 39 0.57 2.58 160.0000
30. News Corp. Ltd. 848 12.36 2.44 6.9444
31. Quintiles Transnational Corp. 59 0.86 1.21 49.5000
32. Schlumberger Ltd. 119 1.73 2.61 53.0000
33. Skandia Forsakring 379 5.52 2.55 16.2379
34. Sony Corp. 83 1.21 2.48 72.0904
35. Southern Company 238 3.47 2.57 26.0625
36. Time Warner Inc. 98 1.43 2.50 61.7500
37. TOTAL S.A. 59 0.86 2.63 107.6398
38. UPM-Kymmene OY 229 3.34 2.62 27.6434
39. Wal-Mart Stores 73 1.06 2.54 84.2500
40. Wolters Kluwer N.V. 32 0.47 2.52 190.2878
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$241,669.56 6,863
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