Registration No. 33-89748
Rule 424(b)(3)
SUPPLEMENT TO PROSPECTUS DATED JULY 19, 1995
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
Share Purchase and Dividend Reinvestment Plan
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10,000,000 Shares
Common Stock
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On May 31, 1997, Dean Witter, Discover & Co. and Morgan Stanley Group
Inc. consummated their previously announced merger. Dean Witter, Discover &
Co. is the surviving corporation in the merger and will continue its
corporate existence under the name "Morgan Stanley, Dean Witter, Discover &
Co."
Additional information may be obtained from: Investor Relations, Morgan
Stanley, Dean Witter, Discover & Co., 1585 Broadway, New York, New York
10036, telephone number: (212) 762-8131.
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The date of this Supplement is June 23, 1997
