MORGAN STANLEY DEAN WITTER SPECTRUM CURRENCY LP
8-K, 2001-01-03
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported) DECEMBER 1, 2000
                                                         ----------------

                MORGAN STANLEY DEAN WITTER SPECTRUM CURRENCY L.P.
                -------------------------------------------------
             (Exact name of registrant as specified in its charter)



      DELAWARE                   0-31563                13-4084211
      --------                   -------                ----------
      (State or other            (Commission           (IRS Employer
      jurisdiction of            File Number)          Identification
      incorporation)                                       Number)


                       C/O DEMETER MANAGEMENT CORPORATION
         TWO WORLD TRADE CENTER, 62ND FLOOR, NEW YORK, NEW YORK     10048
      (Address of Principal Executive Offices)                   (Zip Code)



       Registrant's telephone number, including area code:   (212) 392-5454
                                                             --------------



          ----------------------------------------------------------------
           (Former Name or Former Address, if Changed Since Last Report)



<PAGE>


Item 5.  Other Events
         ------------

Effective  December 1, 2000,  Morgan Stanley Dean Witter Spectrum  Currency L.P.
("Spectrum  Currency")  amended its management  agreements  with John W. Henry &
Company,  Inc. and Sunrise  Capital  Partners,  LLC. (each a "Trading  Advisor")
under which the monthly  management fee paid to each Trading Advisor was reduced
from a 4% to a 2% annual rate in the case of John W. Henry & Company,  Inc., and
from a 3% to a 2% annual  rate in the case of  Sunrise  Capital  Partners,  LLC.
Additionally,  the  monthly  incentive  fee paid by  Spectrum  Currency  to each
Trading  Advisor  was  changed  from  15% to 20% of  Fund  trading  profits,  as
determined from the end of the last period in which an incentive fee was earned.



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                               Morgan Stanley Dean Witter Spectrum Currency L.P.


                                      By:   Demeter Management Corporation,
                                            as General Partner

                                      By: /s/ Robert E. Murray
                                          ------------------------------------
                                          Robert E. Murray
                                          President

Dated:  January 3, 2001


                                        2

<PAGE>



                                  EXHIBIT INDEX

EXHIBIT                       DESCRIPTION
-------                       -----------

10.1    Amendment to Management  Agreement  between  Morgan  Stanley Dean Witter
        Spectrum Currency L.P. and John W. Henry & Company, Inc., dated November
        30, 2000

10.2    Amendment to Management  Agreement  between  Morgan  Stanley Dean Witter
        Spectrum Currency L.P. and Sunrise Capital Partners, LLC, dated November
        30, 2000









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