MORGAN STANLEY DEAN WITTER AMERICAN VALUE FUND
NSAR-A, EX-27, 2000-08-25
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<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MSDW AMERICAN OPPORTUNITIES FUND - CLASS D
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                   10,464,614,388
<INVESTMENTS-AT-VALUE>                  12,463,940,873
<RECEIVABLES>                              418,641,948
<ASSETS-OTHER>                                 587,817
<OTHER-ITEMS-ASSETS>                         1,455,547
<TOTAL-ASSETS>                          12,884,626,185
<PAYABLE-FOR-SECURITIES>                 (797,553,838)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                 (51,823,430)
<TOTAL-LIABILITIES>                      (849,377,268)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 9,240,820,585
<SHARES-COMMON-STOCK>                       11,595,761
<SHARES-COMMON-PRIOR>                        7,322,430
<ACCUMULATED-NII-CURRENT>                 (15,881,382)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    816,435,195
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 1,993,874,519
<NET-ASSETS>                               479,554,534
<DIVIDEND-INCOME>                           19,570,434
<INTEREST-INCOME>                           36,553,919
<OTHER-INCOME>                                       0
<EXPENSES-NET>                            (71,959,212)
<NET-INVESTMENT-INCOME>                   (15,834,859)
<REALIZED-GAINS-CURRENT>                   905,350,329
<APPREC-INCREASE-CURRENT>              (1,475,641,506)
<NET-CHANGE-FROM-OPS>                    (586,126,036)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (5,576,561)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,277,610
<NUMBER-OF-SHARES-REDEEMED>                (1,133,100)
<SHARES-REINVESTED>                            128,821
<NET-CHANGE-IN-ASSETS>                     774,346,966
<ACCUMULATED-NII-PRIOR>                       (46,524)
<ACCUMULATED-GAINS-PRIOR>                   55,909,567
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                     (26,844,928)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                           (71,959,212)
<AVERAGE-NET-ASSETS>                       412,345,173
<PER-SHARE-NAV-BEGIN>                            43.66
<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                         (1.90)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.49)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              41.36
<EXPENSE-RATIO>                                   0.55


</TABLE>


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