<PAGE>
Rule 497(d)
Reg. No. 333-84343
Morgan Stanley Dean Witter Select Equity Trust
Select Turnaround Focus List Series 1999
Supplement to Prospectus
dated December 30, 1999
Fruit of the Loom, Ltd. announced on December 29, 1999 that it
and certain of its U.S. subsidiaries have filed voluntary petitions with the
U.S. Bankruptcy Court for the District of Delaware to reorganize under Chapter
11 of the U.S. Bankruptcy Code. The Company said that it initiated the
reorganization to obtain working capital and implement a financial and
operational restructuring. The Sponsor can not predict the result of the
bankruptcy petition, what action the bankruptcy court will take, whether the
reorganization will be successful, the value of Fruit of the Loom common stock
in the Trust, or whether the stock will continue to be acquired or held by the
Trust.