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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 25, 1997
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
(Exact name of registrant as specified in its charter)
Delaware 1-11758 36-3145972
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
1585 Broadway, New York, New York 10036
(Address of principal executive offices including zip code)
Registrant's telephone number, including area code: (212) 761-4000
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ITEM 5. OTHER EVENTS
On May 31, 1997, Morgan Stanley Group Inc. merged with and into Dean Witter,
Discover and Co. ("Dean Witter Discover"). At that time Dean Witter Discover
changed its corporate name to Morgan Stanley, Dean Witter, Discover &
Co.("MSDWD"). The merger was treated as a tax free exchange and qualified for
the pooling of interests method of accounting.
Accounting Series Release 135, as interpreted by Staff Accounting Bulletin 65,
requires that no affiliate of either combining company may reduce its risk
relating to its common shareholder position during a period ending when
financial results including at least 30 days of post-merger combined operations
have been published. This Form 8-K is filed for the purpose of publishing
combined operating results to satisfy this requirement.
In the opinion of the management of MSDWD, the unaudited results for the one
month ended June 30, 1997 include all ordinary and recurring adjustments
necessary to present fairly the results of operations for the one month ended
June 30, 1997. The operating results have been prepared and published only for
purposes of complying with pooling accounting requirements and are not
necessarily indicative of the results that may be expected for the three and
nine month periods ending August 31, 1997 or for the fiscal year ending November
30, 1997.
Morgan Stanley, Dean Witter, Discover & Co.
Month Ended June 30, 1997 (unaudited)
(Dollars in millions)
Net Revenues $1,362
Net Income $ 212
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MORGAN STANLEY, DEAN
WITTER, DISCOVER & CO.
Registrant
/s/ Eileen K. Murray
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Eileen K. Murray
Controller and Principal Accounting
Officer
Date: July 25, 1997
