PROSPECTUS Dated June 2, 1997 Pricing Supplement No. 45 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-27919
Dated June 2, 1997 February 5, 1998
Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Fixed Rate Notes
-----------------------
The Fixed Rate Notes, as further described below and in the Prospectus
Supplement under "Description of Notes--Fixed Rate Notes," will bear interest
from the date of issuance until the principal amount thereof is paid or made
available for payment at the rate set forth below.
The Fixed Rate Notes will be redeemable in whole, but not in part, at the
option of Morgan Stanley, Dean Witter, Discover & Co. (the "Company") upon not
less than 30 nor more than 35 calendar days notice on any February 25 or August
25, commencing February 25, 2000.
Under the Taxpayer Relief Act of 1997, with respect to an individual, the
long-term capital gain, if any, recognized on an asset held for more than
eighteen months may be subject to a lower rate (or rates) of United States
federal income taxation than the long-term capital gain recognized on an asset
held for eighteen months or less.
Principal Amount: $15,000,000
Maturity Date: February 25, 2008
Settlement Date
(Original Issue
Date): February 25, 1998
Interest Accrual Date: February 25, 1998
Issue Price: 100%
Specified Currency: U.S. Dollars
Redemption
Percentage: 100%
Redemption Dates: Redeemable in whole, but
not in part, at the option
of the Company upon not
less than 30 nor more
than 35 calendar days
notice on any February
25 or August 25,
commencing February 25,
2000
Annual Redemption
Percentage
Reduction: N/A
Interest Rate: 6.30% per annum
Interest Payment
Dates: The twenty-fifth day of
each month, commencing
March 25, 1998
Interest Payment
Period: Monthly
Total Amount of OID: N/A
Original Yield to
Maturity: N/A
Initial Accrual
Period OID: N/A
Book Entry Note or
Certificated Note: Book Entry Note
Senior Note or
Subordinated Note: Senior Note
Agent: Morgan Stanley & Co.
Incorporated
Trustee: The Chase Manhattan
Bank
Minimum
Denomination: $1,000
CUSIP: 61745ELQ2
Capitalized terms not defined above have the meanings given to such terms in the
accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
