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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
Taubman Centers, Inc.
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(Name of Issuer)
Common Stock
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(Title of class of securities)
876664103
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(CUSIP number)
Check the following box if a fee is being paid with this statement /X/ (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
notes).
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CUSIP NO. 876664103 13G PAGE 2 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 4,392,700
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 8 SHARED DISPOSITIVE POWER
5,096,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,096,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.05%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 876664103 13G PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Inc.
IRS # 13-304-0307
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,972,100
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON WITH 8 SHARED DISPOSITIVE POWER
3,675,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,675,900
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.25%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 876664103 13G PAGE 4 OF 8 PAGES
Item 1 (a) Name of Issuer
Taubman Centers, Inc.
Item 1 (b) Address of issuer's principal executive offices
200 East Long Lake
Suite 300
PO Box 200
Bloomfield Hills, MI 48304
Item 2 (a) Name of person filing
(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Inc.
Item 2 (b) Principal business office
(a) 1585 Broadway
New York, New York 10036
(b) 1221 Avenue of the Americas
New York, New York 10020
Item 2 (c) Citizenship
Incorporated by reference
to Item 4 of the cover page
pertaining to each
reporting person.
Item 2 (d) Title of class of Securities
Common Stock
Item 2 (e) Cusip No.
876664103
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co. is (e)
an Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Inc. is (e) an
Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4 Ownership
Incorporated by reference to Items (5) - (9) and
(11) of the cover page.
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CUSIP NO. 876664103 13G PAGE 5 OF 8 PAGES
Item 5 Ownership of 5 Percent or Less of a Class
Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of Another Person
Accounts managed on a discretionary basis by Morgan Stanley
Asset Management Inc., a wholly owned subsidiary of Morgan
Stanley, Dean Witter, Discover & Co., are known to have the
right to receive or the power to direct the receipt of
dividends from, or the proceeds from, the sale of such
securities. No such account holds more than 5 percent of the
class.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
Inapplicable
Item 8 Identification and Classification of Members of the Group
Inapplicable
Item 9 Notice of Dissolution of Group
Inapplicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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CUSIP NO. 876664103 13G PAGE 6 OF 8 PAGES
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this statement is true, complete and
correct.
Date : November 12, 1997
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Signature: /s/ Donald P. Ryan
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Name / Title: Donald P. Ryan / Vice President Morgan Stanley Asset Management Inc.
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MORGAN STANLEY ASSET MANAGEMENT INC.
Date: November 12, 1997
Signature: /s/ Bruce Bromberg
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Name / Title: Bruce Bromberg / Morgan Stanley & Co., Incorporated
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
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INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 8
to Sign on behalf of Morgan Stanley, Dean Witter,
Discover & Co.
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CUSIP NO. 876664103 13G PAGE 7 OF 8 PAGES
EXHIBIT 1 TO SCHEDULE 13G
NOVEMBER 12, 1997
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. AND MORGAN STANLEY ASSET
MANAGEMENT INC. hereby agree that, unless differentiated, this Schedule 13G is
filed on behalf of each of the parties.
MORGAN STANLEY ASSET MANAGEMENT INC.
BY: /s/ Donald P. Ryan
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Donald P. Ryan / Vice President Morgan Stanley Asset Management Inc.
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ Bruce Bromberg
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Bruce Bromberg / Morgan Stanley & Co., Incorporated
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PAGE 8 OF 8
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of
Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that, as approved by a Unanimous Consent of Directors in Lieu of a Meeting dated
as of May 31, 1997, the following persons are each authorized to sign reports to
be filed under Sections 13 and 16 of the Securities Exchange Act of 1934 on
behalf of the Corporation, and such authorizations are in full force and effect
as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of the
Corporation as of the 3rd day of June, 1997.
/s/ CHARLENE R. HERZER
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CHARLENE R. HERZER
ASSISTANT SECRETARY
[SEAL]
