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000 A000000 12/31/94
000 C000000 0000814657
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012 C010001 JERSEY CITY
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<PAGE> PAGE 2
013 B030001 10036
014 A000001 DELETE
015 A000001 THE BANK OF NEW YORK
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015 C020001 NY
015 C030001 10286
015 E010001 X
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020 B000002 95-1786286
020 C000002 26
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022 C000003 79266
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022 C000004 57445
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<PAGE> PAGE 3
022 A000005 *GENERAL ELECTRIC CAPITAL CORP.
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022 A000006 *BA SECURITIES INC.
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025 B000002 13-3082694
025 C000002 E
025 D000002 900
025 A000003 MORGAN (JP) & CO. INC.
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025 C000003 E
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE SHELDON CURTIS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
DEAN WITTER VALUE-ADDED MARKET SERIES -- SEMI-ANNUAL (12-31-94)
</LEGEND>
<CIK> 0000814657
<NAME> DEAN WITTER VALUE-ADDED MARKET SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 434,577,712
<INVESTMENTS-AT-VALUE> 503,891,703
<RECEIVABLES> 13,367,402
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<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> 20,478,212
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,341,876
<TOTAL-LIABILITIES> 21,820,088
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 430,428,290
<SHARES-COMMON-STOCK> 25,215,273
<SHARES-COMMON-PRIOR> 23,692,697
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<APPREC-INCREASE-CURRENT> 10,173,498
<NET-CHANGE-FROM-OPS> 13,006,442
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<DISTRIBUTIONS-OF-GAINS> (3,801,166)
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<NUMBER-OF-SHARES-REDEEMED> (1,860,476)
<SHARES-REINVESTED> 101,617
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
