PROSPECTUS Dated June 2, 1997 Pricing Supplement No. 40 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-27919
Dated June 17, 1997 Dated January 27, 1998
Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
GLOBAL MEDIUM-TERM NOTES, SERIES E
Euro Floating Rate Senior Bearer Notes Due January 2001
-----------------------
The Global Medium-Term Notes, Series E (Euro Floating Rate Senior Bearer
Notes Due January 2001) described in this Pricing Supplement (the "Notes") will
mature on the Maturity Date. The Notes will not be redeemable at the option of
Morgan Stanley, Dean Witter, Discover & Co. prior to the Maturity Date other
than under the circumstances described under "Description of Notes--Tax
Redemption" in the accompanying Prospectus Supplement.
The Notes will be issued only in bearer form, which form is further
described under "Description of Notes--Forms, Denominations, Exchange and
Transfer" in the accompanying Prospectus Supplement. Notes in bearer form will
not be exchangeable at any time for Notes in registered form at the option of
the holder.
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: $30,000,000
Maturity Date: January 30, 2001; provided that
if such day is not a Business Day,
the Maturity Date will be the next
succeeding day that is a Business
Day, and no interest shall accrue
for the period from and after the
Maturity Date.
Settlement and Issue Date: February 5, 1998
Interest Accrual Date: February 5, 1998
Issue Price: 100%
Specified Currency: U.S. Dollars
Redemption Percentage
at Maturity: 100%
Initial Redemption Date: N/A
Initial Redemption
Percentage: N/A
Annual Redemption
Percentage Reduction: N/A
Optional Repayment
Date(s): N/A
Total Amount of OID: None
Original Yield to Maturity: N/A
Initial Accrual Period OID: N/A
Base Rate: LIBOR
Spread
(Plus or Minus): Plus 0.10% per annum
Spread Multiplier: N/A
Alternate Rate
Event Spread: N/A
Index Currency: U.S. Dollars
Index Maturity: 6 months
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Dates: Each January 30 and July 30,
commencing July 30, 1998 (each an
"Interest Payment Date"); provided
that if any such day (other than the
Maturity Date) is not a Business Day,
such Interest Payment Date will be the
next succeeding day that is a Business
Day, unless such succeeding Business
Day falls in the next succeeding
calendar month, in which case such
Interest Payment Date will be the
immediately preceding day that is a
Business Day
Interest Payment Period: Semi-annually
Initial Interest Rate: To be determined two London
Banking Days prior to the date of
issuance based on interpolated LIBOR
for the period
Initial Interest
Reset Date: July 30, 1998; provided that if such
day is not a Business Day, such Initial
Interest Reset Date will be the next
succeeding day that is a Business Day,
unless such succeeding Business Day
falls in the next succeeding calendar
month, in which case such Initial
Interest Reset Date will be the
immediately preceding day that is a
Business Day.
Interest Reset Dates: Each Interest Payment Date
Interest Reset Periods: The period from and including an
Interest Reset Date to but excluding
the immediately succeeding Interest
Reset Date.
Reporting Service: Telerate 3750
Agent: Morgan Stanley & Co. International
Limited
Calculation Agent: The Chase Manhattan Bank (London
Branch)
Paying Agent: The Chase Manhattan Bank (London
Branch)
Denominations: $500,000
Common Code: 008415641
ISIN: XS0084156412
Capitalized terms not defined above have the meanings given to such
terms in the accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
