PROSPECTUS Dated June 2, 1997 Pricing Supplement No. 31 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-27919
Dated June 2, 1997 January 14, 1998
Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Floating Rate Notes
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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.
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: $75,000,000
Maturity Date: January 22, 2001; 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: January 20, 1998
Interest Payment Dates: Each January 22, April 22, July 22 and October 22,
commencing April 22, 1998; provided that the final
Interest Payment Date will be the Maturity Date.
If any such day (other than the Maturity Date) is
not a Business Day, such Interest Payment Date will
be the next succeeding Business Day, except that if
such Business Day is in the next succeeding
calendar month, such Interest Payment Date shall be
the next preceding day that is a Business Day
Initial Interest Rate: To be determined two London Banking Days prior to the
date of issuance
Base Rate: LIBOR
Index Maturity: 3 Month
Spread (Plus or Minus): Plus 0.12% per annum
Minimum Denomination: $1,000
Interest Payment
Period: Quarterly
Specified Currency: U.S. Dollars
Issue Price: 100.00%
Settlement Date
(Original Issue Date): January 20, 1998
Initial Interest Reset
Date: April 22, 1998, or if such day is not a Business Day,
the next succeeding Business Day, except that if
such Business Day is in the next succeeding
calendar month, such Initial Interest Reset Date
shall be the next preceding day that is a Business
Day
Interest Reset Dates: Same as Interest Payment Dates
Interest Reset Period: Quarterly
Interest Determination
Dates: Two London Banking Days prior to each Interest
Reset Date
Reporting Service: Telerate (Page 3750)
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
CUSIP: 61745ELJ8
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
