WITTER DEAN AMERICAN VALUE FUND
497, 1996-01-04
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                       SUPPLEMENT TO THE PROSPECTUSES OF

DEAN WITTER AMERICAN VALUE FUND DATED FEBRUARY 23, 1995
DEAN WITTER CALIFORNIA TAX-FREE INCOME FUND DATED FEBRUARY 23, 1995
DEAN WITTER CAPITAL APPRECIATION FUND DATED SEPTEMBER 5, 1995
DEAN WITTER CAPITAL GROWTH SECURITIES DATED DECEMBER 22, 1994
DEAN WITTER CONVERTIBLE SECURITIES TRUST DATED NOVEMBER 22, 1994
DEAN WITTER DEVELOPING GROWTH SECURITIES TRUST DATED NOVEMBER 27, 1995
DEAN WITTER DIVERSIFIED INCOME TRUST DATED DECEMBER 22, 1994
DEAN WITTER DIVIDEND GROWTH SECURITIES INC. DATED APRIL 28, 1995
DEAN WITTER EUROPEAN GROWTH FUND INC. DATED DECEMBER 22, 1994
DEAN WITTER FEDERAL SECURITIES TRUST DATED DECEMBER 28, 1994
DEAN WITTER GLOBAL ASSET ALLOCATION FUND DATED JUNE 29, 1995
DEAN WITTER GLOBAL DIVIDEND GROWTH SECURITIES DATED MAY 26, 1995
DEAN WITTER GLOBAL SHORT-TERM INCOME FUND INC. DATED DECEMBER 22, 1994
DEAN WITTER GLOBAL UTILITIES FUND DATED APRIL 25, 1995
DEAN WITTER HEALTH SCIENCES TRUST DATED SEPTEMBER 29, 1995
DEAN WITTER HIGH INCOME SECURITIES DATED JUNE 1, 1995
DEAN WITTER INFORMATION FUND DATED OCTOBER 6, 1995
DEAN WITTER INTERMEDIATE INCOME SECURITIES DATED OCTOBER 26, 1995
DEAN WITTER INTERNATIONAL SMALLCAP FUND DATED JULY 28, 1995
DEAN WITTER MID-CAP GROWTH FUND DATED JULY 27, 1995
DEAN WITTER NATIONAL MUNICIPAL TRUST DATED NOVEMBER 22, 1995
DEAN WITTER NATURAL RESOURCE DEVELOPMENT SECURITIES INC. DATED APRIL 26, 1995
DEAN WITTER NEW YORK TAX-FREE INCOME FUND DATED FEBRUARY 23, 1995
DEAN WITTER PACIFIC GROWTH FUND INC. DATED DECEMBER 27, 1994
DEAN WITTER PRECIOUS METALS AND MINERALS TRUST DATED DECEMBER 23, 1994
DEAN WITTER STRATEGIST FUND DATED AUGUST 28, 1995
DEAN WITTER U.S. GOVERNMENT SECURITIES TRUST DATED FEBRUARY 27, 1995
DEAN WITTER UTILITIES FUND DATED FEBRUARY 24, 1995
DEAN WITTER VALUE-ADDED MARKET SERIES DATED AUGUST 25, 1995
DEAN WITTER WORLD WIDE INCOME TRUST DATED DECEMBER 28, 1994
DEAN WITTER WORLD WIDE INVESTMENT TRUST DATED OCTOBER 31, 1995

    The  disclosure contained in the section  entitled "PURCHASE OF FUND SHARES"
in each of the above Prospectuses is hereby modified to reflect that the minimum
initial purchase in  the case  of investments through  EasyInvest, an  automatic
purchase plan, is $100, provided that the schedule of automatic investments will
result in investments totalling at least $1,000 within the first twelve months.

    The   disclosure  contained   in  the  section   entitled  "REDEMPTIONS  AND
REPURCHASES  --  Contingent  Deferred  Sales  Charge"  in  each  of  the   above
Prospectuses  is  hereby modified  to  reflect that,  in  addition to  the other
circumstances discussed in  that section, the  Contingent Deferred Sales  Charge
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("CDSC"), if otherwise applicable, will be waived in the case of all redemptions
of  shares held for the benefit of a participant in a corporate or self-employed
retirement plan  qualified under  Section 401(k)  of the  Internal Revenue  Code
which  offers  investment companies  managed by  the  Investment Manager  or its
subsidiary, Dean  Witter  Services  Company Inc.,  as  self-directed  investment
alternatives  and  for which  Dean  Witter Trust  Company,  an affiliate  of the
Investment Manager, serves as recordkeeper or Trustee ("Eligible 401(k)  Plan"),
provided  that either (a) the plan continues to be an Eligible 401(k) Plan after
the redemption  or  (b)  the  redemption is  in  connection  with  the  complete
termination  of  the  plan involving  the  distribution  of all  plan  assets to
participants.

    The  disclosure  contained   in  the  section   entitled  "REDEMPTIONS   AND
REPURCHASES  -- Involuntary  Redemption" in  each of  the above  Prospectuses is
hereby modified  to provide  that, in  the  case of  an account  opened  through
EasyInvest,  the Fund reserves the  right, on sixty days'  notice, to redeem, at
their net asset value, the shares of any shareholder (other than shares held  in
an Individual Retirement Account or Custodial Account under Section 403(b)(7) of
the  Internal Revenue Code), if after twelve months the shareholder has invested
less than $1,000  in the account.  No CDSC  will be imposed  on any  involuntary
redemption.

January 2, 1996


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