<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW TAX-MANAGED GROWTH FUND - CLASS D
</LEGEND>
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 168,196,811
<INVESTMENTS-AT-VALUE> 182,170,474
<RECEIVABLES> 984,625
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 81,417
<TOTAL-ASSETS> 183,236,516
<PAYABLE-FOR-SECURITIES> (102,368)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (493,841)
<TOTAL-LIABILITIES> (596,209)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 173,815,979
<SHARES-COMMON-STOCK> 29,976
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,149,335)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,973,663
<NET-ASSETS> 313,905
<DIVIDEND-INCOME> 360,001
<INTEREST-INCOME> 208,397
<OTHER-INCOME> 0
<EXPENSES-NET> (1,208,812)
<NET-INVESTMENT-INCOME> (640,414)
<REALIZED-GAINS-CURRENT> (5,149,335)
<APPREC-INCREASE-CURRENT> 13,973,663
<NET-CHANGE-FROM-OPS> 8,183,914
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,476
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 182,540,307
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (483,762)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,208,812)
<AVERAGE-NET-ASSETS> 273,820
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.48
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.47
<EXPENSE-RATIO> 1.21
</TABLE>
