WITTER DEAN NATURAL RESOURCE DEVELOPMENT SECURITIES INC
NSAR-B, 1995-04-27
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<PAGE>      PAGE  1
000 B000000 02/28/95
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008 A000001 DEAN WITTER INTERCAPITAL INC.
008 B000001 A
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011 A000001 DEAN WITTER DISTRIBUTORS INC.
011 B000001 8-45262
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<PAGE>      PAGE  3
011 C020001 NY
011 C030001 10048
012 A000001 DEAN WITTER TRUST COMPANY
012 B000001 84-1785
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07311
013 A000001 PRICE WATERHOUSE LLP
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020 A000002 BURNS FRY AND TIMMONS INC.
020 B000002 13-2692943
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020 B000003 52-1319768
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020 B000008 43-1450530
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020 A000009 AUTRANET INC.
020 B000009 13-2961507
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<PAGE>      PAGE  4
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022 C000003      8499
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022 A000004 BA SECURITIES INC.
022 B000004 95-4035346
022 C000004      6997
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SIGNATURE   SHELDON CURTIS                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
DEAN WITTER NATURAL RESOURCES DEVELOPMENT SECURITIES INC.
ANNUAL FINANCIAL REPORT  --  02-28-95
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          FEB-28-1995
<PERIOD-END>                               FEB-28-1995
<INVESTMENTS-AT-COST>                      126,894,326
<INVESTMENTS-AT-VALUE>                     132,512,993
<RECEIVABLES>                                  661,899
<ASSETS-OTHER>                                  73,025
<OTHER-ITEMS-ASSETS>                            27,128
<TOTAL-ASSETS>                             133,275,045
<PAYABLE-FOR-SECURITIES>                       347,281
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      116,150
<TOTAL-LIABILITIES>                            463,431
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   126,742,669
<SHARES-COMMON-STOCK>                       12,326,890
<SHARES-COMMON-PRIOR>                       11,800,251
<ACCUMULATED-NII-CURRENT>                      425,034
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         25,244
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               132,811,164
<DIVIDEND-INCOME>                            3,693,741
<INTEREST-INCOME>                               89,819
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,692,378
<NET-INVESTMENT-INCOME>                      1,091,182
<REALIZED-GAINS-CURRENT>                     4,977,602
<APPREC-INCREASE-CURRENT>                  (7,920,860)
<NET-CHANGE-FROM-OPS>                      (1,852,076)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (975,857)
<DISTRIBUTIONS-OF-GAINS>                  (10,110,085)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,003,288
<NUMBER-OF-SHARES-REDEEMED>                (8,419,961)
<SHARES-REINVESTED>                            943,312
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       141,814,371
<PER-SHARE-NAV-BEGIN>                            11.82
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                          (.24)
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                        (.82)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.77
<EXPENSE-RATIO>                                   1.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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