PROSPECTUS Dated June 2, 1997 Pricing Supplement No. 26 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-27919
Dated June 2, 1997 December 19, 1997
Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Floating Rate Notes
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The Medium-Term Notes, Series C (Senior Floating Rate Notes)
described in this Pricing Supplement (the "Notes") will mature on the Maturity
Date and will not be redeemable at the option of Morgan Stanley, Dean Witter,
Discover & Co. prior to the Maturity Date. The Notes are further described
under "Description of Notes--Floating Rate Notes" in the accompanying
Prospectus Supplement, except that to the extent the terms described below are
inconsistent with such description, the terms described below shall control.
Principal Amount: $75,000,000
Maturity Date: December 28, 1998; provided that if such day is not a
Business Day, the payment of principal and interest
will be made on the next succeeding Business Day,
and no interest on such payment shall accrue for
the period from and after the Maturity Date
Interest Accrual Date: December 24, 1997
Interest Payment Dates: Each March 28, June 28, September 28 and December 28,
commencing March 28, 1998
Initial Interest Rate: To be determined on the first Business Day next
preceding the Original Issue Date
Base Rate: Federal Funds Rate
Index Maturity: 1-Day
CUSIP: 61745ELA7
Spread (Plus or Minus): Plus 0.16% per annum
Minimum Denomination: $1,000
Interest Payment
Period: Quarterly
Specified Currency: U.S. Dollars
Issue Price: 100%
Settlement Date
(Original Issue Date): December 24, 1997
Initial Interest Reset
Date: December 25, 1997, or if such day is not a Business
Day, the next succeeding Business Day
Interest Reset Dates: Each Business Day except the Business Day
immediately prior to each Interest Payment Date
Interest Reset Period: Daily
Interest Determination
Dates: One Business Day prior to each
Interest Reset Date
Reporting Service: Telerate (Page 120 under the heading
"Federal Funds Effective Rate")
Book Entry Note or
Certificated Note: Book Entry Note
Senior Note or
Subordinated Note: Senior Note
Agent: Morgan Stanley & Co. Incorporated
Calculation Agent: The Chase Manhattan Bank Capitalized terms not
defined above have the meanings given to such
terms in the accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
