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SUPPLEMENT TO THE PROSPECTUS OF
DEAN WITTER NATURAL RESOURCE DEVELOPMENT SECURITIES INC.
DATED MAY 11, 1994
The fourth, fifth, sixth and seventh sentences in the first paragraph under
the subsection entitled "Portfolio Management" under the section of the
Prospectus entitled "INVESTMENT OBJECTIVE AND POLICIES" is hereby replaced by
the following:
The Fund is managed within InterCapital's Large Capitalization
Equities Group, which manages 34 funds and fund portfolios with
approximately $18.7 billion in assets at February 28, 1995. Konrad
Krill, Vice President of InterCapital and a member of the Large
Capitalization Equities Group, is the primary portfolio manager of the
Fund. Mr. Krill has been a portfolio manager of the Fund since May, 1994
and has been the sole portfolio manager of the Fund since April, 1995.
He has been a portfolio manager or investment analyst at InterCapital
for over five years.
March 31, 1995
