MORGAN STANLEY DEAN WITTER SE EQ TR SEL 5 IND PORT 2001-1, 487, EX-23.1, 2001-01-02

MORGAN STANLEY DEAN WITTER SE EQ TR SEL 5 IND PORT 2001-1
487, EX-23.1, 2001-01-02

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<PAGE>



                                  Exhibit 23.1

<PAGE>

                          INDEPENDENT AUDITORS' CONSENT
                         ------------------------------

              We consent to the use of our report dated December 29, 2000,
accompanying the financial statement of the Morgan Stanley Dean Witter Select
Equity Trust Select 5 Industrial Portfolio 2001-1 (Registration Statement No.
333-50790), included herein and to the reference to our Firm as experts under
the heading "Independent Auditors" in the Prospectus which is a part of this
Registration Statement.




/s/Grant Thornton LLP
---------------------
Grant Thornton LLP
Chicago, Illinois
December 29, 2000