WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW CAPITAL GROWTH SECURITIES
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 549,626,580
<INVESTMENTS-AT-VALUE> 626,852,644
<RECEIVABLES> 26,196,240
<ASSETS-OTHER> 148,301
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 653,197,185
<PAYABLE-FOR-SECURITIES> (38,970,066)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,279,315)
<TOTAL-LIABILITIES> (40,249,381)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 436,391,813
<SHARES-COMMON-STOCK> 460,519
<SHARES-COMMON-PRIOR> 308,163
<ACCUMULATED-NII-CURRENT> (3,011,345)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 102,341,272
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77,226,064
<NET-ASSETS> 7,457,718
<DIVIDEND-INCOME> 1,121,189
<INTEREST-INCOME> 933,431
<OTHER-INCOME> 0
<EXPENSES-NET> (5,013,647)
<NET-INVESTMENT-INCOME> (2,959,027)
<REALIZED-GAINS-CURRENT> 109,664,765
<APPREC-INCREASE-CURRENT> 19,507,602
<NET-CHANGE-FROM-OPS> 126,213,340
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,452,888)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 172,665
<NUMBER-OF-SHARES-REDEEMED> (118,543)
<SHARES-REINVESTED> 98,234
<NET-CHANGE-IN-ASSETS> 97,268,660
<ACCUMULATED-NII-PRIOR> (52,319)
<ACCUMULATED-GAINS-PRIOR> 129,510,169
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,857,593
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (5,013,647)
<AVERAGE-NET-ASSETS> 6,408,888
<PER-SHARE-NAV-BEGIN> 16.91
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 3.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (4.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.19
<EXPENSE-RATIO> 1.05
</TABLE>
