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MORGAN STANLEY DEAN WITTER
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GMAC SWIFT 97-A Series 1997-A Class A
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Class A Dated Date 11/16/1997 Original Balance 500,000,000.00 Lead Manager MS
Delay 0 First Payment Date 12/15/1997 Factor 1.00000000 Orig Deal Size 500,000,000.00
Payment Freq Monthly Next Payment Date 12/15/1997 Current Balance 500,000,000.00 Num of Tranc1es 1
Yield Day Count 30/360 Settlement Date 11/20/1997 Coupon 6.3460 Deal Age 0
Yield Table Date 11/14/1997 Yield Freq SemiAnnual Interest Freq Monthly
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_optional _optional _optional _optional _optional _optional _optional _optional _optional _optional
Trigger Call YES Call YES Call YES Call YES Call YES Call YES Call YES Call YES Call YES Call YES
Prepay PSA 0 PSA 100 PSA 125 PSA 135 PSA 150 PSA 175 PSA 275 PSA 350 PSA 500 PSA 700
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Price/Yield
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99/16 6.552 6.552 6.557 6.588 6.626 6.708 6.708 6.744 6.792 6.861
99/17 6.544 6.544 6.549 6.578 6.614 6.691 6.691 6.724 6.769 6.834
99/18 6.537 6.537 6.541 6.568 6.602 6.673 6.674 6.705 6.747 6.807
99/19 6.529 6.529 6.533 6.558 6.589 6.656 6.656 6.685 6.724 6.780
99/20 6.522 6.522 6.525 6.548 6.577 6.639 6.639 6.665 6.701 6.753
99/21 6.514 6.514 6.517 6.538 6.565 6.621 6.621 6.646 6.679 6.726
99/22 6.506 6.506 6.509 6.529 6.553 6.604 6.604 6.626 6.656 6.699
99/23 6.499 6.499 6.501 6.519 6.540 6.586 6.587 6.606 6.634 6.672
99/24 6.491 6.491 6.494 6.509 6.528 6.569 6.569 6.587 6.611 6.645
99/25 6.484 6.484 6.486 6.499 6.516 6.552 6.552 6.567 6.588 6.618
99/26 6.476 6.476 6.478 6.489 6.504 6.534 6.534 6.548 6.566 6.591
99/27 6.468 6.468 6.470 6.479 6.491 6.517 6.517 6.528 6.543 6.565
99/28 6.461 6.461 6.462 6.470 6.479 6.500 6.500 6.509 6.521 6.538
99/29 6.453 6.453 6.454 6.460 6.467 6.482 6.482 6.489 6.498 6.511
99/30 6.446 6.446 6.446 6.450 6.455 6.465 6.465 6.469 6.475 6.484
99/31 6.438 6.438 6.438 6.440 6.443 6.448 6.448 6.450 6.453 6.457
100/00 6.430 6.430 6.430 6.430 6.430 6.430 6.430 6.430 6.430 6.430
100/01 6.423 6.423 6.423 6.421 6.418 6.413 6.413 6.411 6.408 6.404
100/02 6.415 6.415 6.415 6.411 6.406 6.396 6.396 6.391 6.385 6.377
100/03 6.408 6.408 6.407 6.401 6.394 6.379 6.379 6.372 6.363 6.350
100/04 6.400 6.400 6.399 6.391 6.382 6.361 6.361 6.352 6.340 6.323
100/05 6.393 6.393 6.391 6.382 6.370 6.344 6.344 6.333 6.318 6.297
100/06 6.385 6.385 6.383 6.372 6.357 6.327 6.327 6.313 6.295 6.270
100/07 6.378 6.378 6.375 6.362 6.345 6.310 6.309 6.294 6.273 6.243
100/08 6.370 6.370 6.368 6.352 6.333 6.292 6.292 6.275 6.251 6.216
100/09 6.362 6.362 6.360 6.343 6.321 6.275 6.275 6.255 6.228 6.190
100/10 6.355 6.355 6.352 6.333 6.309 6.258 6.258 6.236 6.206 6.163
100/11 6.347 6.347 6.344 6.323 6.297 6.241 6.241 6.216 6.183 6.136
100/12 6.340 6.340 6.336 6.313 6.285 6.223 6.223 6.197 6.161 6.110
100/13 6.332 6.332 6.328 6.304 6.272 6.206 6.206 6.177 6.138 6.083
100/14 6.325 6.325 6.321 6.294 6.260 6.189 6.189 6.158 6.116 6.056
100/15 6.317 6.317 6.313 6.284 6.248 6.172 6.172 6.139 6.094 6.030
100/16 6.310 6.310 6.305 6.274 6.236 6.155 6.155 6.119 6.071 6.003
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Average Life 4.95 4.95 4.75 3.75 2.95 2.00 2.00 1.75 1.50 1.25
First Prin 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998 11/15/1998
Last Prin 11/15/2002 11/15/2002 11/15/2002 11/15/2002 11/15/2002 07/15/2001 07/15/2001 11/15/2000 04/15/2000 08/15/1999
Payment Window 49 49 49 49 49 33 33 25 18 10
Accrual Factor 0.0705 0.0705 0.0705 0.0705 0.0705 0.0705 0.0705 0.0705 0.0705 0.0705
Mod Duration @100/00 4.12 4.12 3.97 3.19 2.56 1.81 1.80 1.60 1.39 1.16
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The information herein has been provided solely by Morgan Stanley & Co. Incorporated. Neither the issuer of the offered term notes
nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information
herein is preliminary and will be superseded by the applicable prospectus supplement and by any other information subsequently
filed with the Securities and Exchange Commission. To Our Readers Worldwide: In addition, please note that this information has
been provided by Morgan Stanley & Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a member of the
Securities and Futures Authority, and Morgan Stanley Japan Ltd. We recommend that investors obtain the advice of their Morgan
Stanley & Co. International Limited or Morgan Stanley Japan Ltd. representative about the investment concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U. K. SECURITIES AND FUTURES AUTHORITY.
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