WITTER DEAN NATURAL RESOURCE DEVELOPMENT SECURITIES INC
NSAR-B, 1997-04-24
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<PAGE>      PAGE  1
000 B000000 02/28/97
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008 A000001 DEAN WITTER INTERCAPITAL INC.
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<PAGE>      PAGE  3
011 C030001 10048
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<PAGE>      PAGE  4
022 A000001 BANK OF NEW YORK (THE)
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SIGNATURE   BARRY FINK                                   
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Financial Data Schedule
Dean Witter Natural Resource Development Securities Inc.
Annual NSAR  2/28/97
</LEGEND>
<CIK> 0000350184
<NAME> DEAN WITTER NATURAL RESOURCE DEVELOPMENT SECURITIES INC.
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               FEB-28-1997
<INVESTMENTS-AT-COST>                      233,458,101
<INVESTMENTS-AT-VALUE>                     244,130,014
<RECEIVABLES>                               17,214,664
<ASSETS-OTHER>                                  32,621
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             261,377,299
<PAYABLE-FOR-SECURITIES>                    12,524,343
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      864,273
<TOTAL-LIABILITIES>                         13,388,616
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                       12,017,301
<ACCUMULATED-NII-CURRENT>                       50,909
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               247,988,683
<DIVIDEND-INCOME>                            2,993,820
<INTEREST-INCOME>                              702,288
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        102,912
<REALIZED-GAINS-CURRENT>                    49,178,705
<APPREC-INCREASE-CURRENT>                 (15,813,380)
<NET-CHANGE-FROM-OPS>                       33,468,237
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (287,205)
<DISTRIBUTIONS-OF-GAINS>                  (30,377,434)
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<AVERAGE-NET-ASSETS>                       195,654,685
<PER-SHARE-NAV-BEGIN>                            12.70
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           2.66
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                       (2.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.34
<EXPENSE-RATIO>                                   1.84
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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