PROSPECTUS Dated June 2, 1997 Pricing Supplement No. 27 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-27919
Dated June 2, 1997 December 22, 1997
Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Floating Rate Notes
------------
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: $20,000,000
Maturity Date: January 22, 1999; 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 26, 1997
Interest Payment Dates: Each January 22, April 22, July 22 and October 22,
commencing January 22, 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: 61745ELD1
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 26, 1997
Initial Interest Reset
Date: December 27, 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