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SUPPLEMENT DATED FEBRUARY 4, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS AMENDED AND SUPPLEMENTED TO DATE
OF
EUROPEAN REAL ESTATE PORTFOLIO
ASIAN REAL ESTATE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
PORTFOLIOS OF
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
P.O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
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The Prospectus is hereby amended and supplemented to reflect changes in the
portfolio management of the European Real Estate Portfolio. Jan Willem de Geus
no longer serves as Portfolio Manager to the European Real Estate Portfolio.
Theodore R. Bigman and Daniel A. Policy now share primary responsibility for
managing the assets of the European Real Estate Portfolio. Accordingly, the
paragraph "EUROPEAN REAL ESTATE PORTFOLIO" on page 24 is hereby deleted and
replaced with the following:
EUROPEAN REAL ESTATE PORTFOLIO -- THEODORE R. BIGMAN AND DANIEL A.
POLICY. Theodore R. Bigman joined Morgan Stanley in 1995 and currently
is a Principal of the Adviser and Morgan Stanley. He has primary
responsibility for managing the Adviser's global real estate securities
business. Prior to joining the Adviser, he was a Director at CS First
Boston, where he worked for eight years in the Real Estate Group. While
at CS First Boston, Mr. Bigman established and managed that firm's REIT
effort, including primary responsibility for $2.5 billion of initial
public offerings by REITs. Mr. Bigman graduated from Brandeis University
in 1983 with a B.A. in Economics and received his M.B.A. from Harvard
University in 1987. Daniel A. Policy joined the Adviser in 1995 as a
Research Analyst in New York and moved to the Adviser's Amsterdam office
in 1997 to establish and support the European Real Estate Portfolio. Mr.
Policy graduated from the University of Notre Dame in 1992 with a B.B.A.
in Accounting, and received his J.D. from the University of California,
Hastings College of Law in 1995. Messrs. Bigman and Policy have shared
primary responsibility for managing the Portfolio's assets since January
1999.
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