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SUPPLEMENT TO THE PROSPECTUS OF
DEAN WITTER HIGH YIELD SECURITIES INC.
Dated October 28, 1994
The Fund's Trustees have approved the resumption of the offering of shares
of Dean Witter High Yield Securities Inc. (the "Fund") to new investors
effective June 1, 1995, as well as continuing to offer shares of the Fund to
current shareholders. Accordingly, the disclosure in the Fund's Prospectus
pertaining to the suspension of the offering of shares of the Fund to new
investors is hereby deleted.
In addition, the section of the Prospectus entitled "PURCHASE OF FUND
SHARES" is hereby amended by the addition of the following paragraph:
ANALOGOUS DEAN WITTER FUNDS. The Distributor and the Investment Manager
serve in the same capacities for Dean Witter High Income Securities, an
open-end investment company with investment objectives and policies
similar to those of the Fund. Unlike the Fund, however, shares of Dean
Witter High Income Securities are offered to the public at net asset
value, with a contingent deferred sales charge assessed upon redemptions
within six years of purchase, as well as an annual Rule 12b-1
distribution fee, rather than a sales charge imposed at the time of
purchase. These two Dean Witter Funds have differing fees and expenses,
which will affect performance. Investors who would like to receive a
prospectus for Dean Witter High Income Securities should call the
telephone numbers listed on the front cover of this Prospectus, or may
call their account executive for additional information.
May 26, 1995
