<PAGE> PAGE 1
000 A000000 12/31/96
000 C000000 0000814657
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DEAN WITTER VALUE-ADDED MARKET SERIES
001 B000000 811-5181
001 C000000 2123922550
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 DEAN WITTER INTERCAPITAL INC.
008 B000001 A
008 C000001 801-42061
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
011 A000001 DEAN WITTER DISTRIBUTORS INC.
011 B000001 8-45262
011 C010001 NEW YORK
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 07302
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
<PAGE> PAGE 2
013 B030001 10036
014 A000001 DEAN WITTER REYNOLDS INC.
014 B000001 8-14172
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
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019 A000000 Y
019 B000000 126
019 C000000 DEANWITTER
020 A000001 CANTOR FITZGERALD
020 B000001 95-1786286
020 C000001 151
020 A000002 BEAR,STEARNS & CO.
020 B000002 13-3299429
020 C000002 17
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 168
022 A000001 BA SECURITIES INC.
022 B000001 95-4035346
022 C000001 1612587
022 D000001 0
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 1782820
022 D000002 0
022 A000003 BANK OF NEW YORK (THE)
022 B000003 13-5160382
022 C000003 87534
022 D000003 0
022 A000004 MORGAN GUARANTY TRUST
022 B000004 13-3224016
022 C000004 27971
022 D000004 0
022 A000005 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000005 36-3595942
022 C000005 24975
022 D000005 0
022 A000006 CANTOR FITZGERALD
022 B000006 95-1786286
022 C000006 10905
<PAGE> PAGE 3
022 D000006 4064
022 A000007 BEAR, STEARNS & CO, INC.
022 B000007 13-3299429
022 C000007 0
022 D000007 2028
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 3546792
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025 D000005 0
025 D000006 0
025 D000007 0
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<PAGE> PAGE 4
028 E040000 12996
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<PAGE> PAGE 5
048 F010000 0
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<PAGE> PAGE 6
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070 F010000 Y
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070 G020000 N
070 H010000 N
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070 I010000 N
070 I020000 N
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070 K010000 N
070 K020000 N
070 L010000 Y
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<PAGE> PAGE 7
070 P010000 Y
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073 A010000 0.1808
073 A020000 0.0000
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<PAGE> PAGE 8
074 E000000 0
074 F000000 1081449
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074 R040000 2597
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SIGNATURE BARRY FINK
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Value-Added Market Series
semi-annual
12-31-96
</LEGEND>
<CIK> 0000814657
<NAME> DEAN WITTER VALUE-ADDED MARKET SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 781,045,315
<INVESTMENTS-AT-VALUE> 1,108,886,823
<RECEIVABLES> 21,113,597
<ASSETS-OTHER> 76,502
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,130,076,922
<PAYABLE-FOR-SECURITIES> 15,689,881
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,005,958
<TOTAL-LIABILITIES> 19,695,839
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 776,138,283
<SHARES-COMMON-STOCK> 38,946,741
<SHARES-COMMON-PRIOR> 35,497,139
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (83,837)
<ACCUMULATED-NET-GAINS> 6,485,129
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 327,841,508
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<DIVIDEND-INCOME> 10,315,763
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<APPREC-INCREASE-CURRENT> 65,605,119
<NET-CHANGE-FROM-OPS> 79,565,719
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,849,389)
<DISTRIBUTIONS-OF-GAINS> (20,247,286)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,619,612
<NUMBER-OF-SHARES-REDEEMED> (3,035,757)
<SHARES-REINVESTED> 865,747
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<GROSS-ADVISORY-FEES> 2,428,030
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,531,332
<AVERAGE-NET-ASSETS> 1,016,937,440
<PER-SHARE-NAV-BEGIN> 27.09
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 2.04
<PER-SHARE-DIVIDEND> (.18)
<PER-SHARE-DISTRIBUTIONS> (.53)
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<PER-SHARE-NAV-END> 28.51
<EXPENSE-RATIO> 1.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
