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Previous: MORGAN STANLEY DEAN WITTER DISCOVER & CO, 4, 1998-03-18 |
Next: PREFERRED INCOME MANAGEMENT FUND INC, DEFC14A, 1998-03-18 |
PROSPECTUS Dated March 12, 1998 Pricing Supplement No. 1 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-46935
Dated March 12, 1998 March 13, 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 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.
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: $400,000,000
Maturity Date: March 20, 2000
Settlement Date
(Original Issue
Date): March 18, 1998
Interest Accrual Date: March 18, 1998
Issue Price: Initially at par and at
variable prices thereafter
Specified Currency: U.S. Dollars
Redemption
Percentage: 100%
Redemption Dates: N/A
Annual Redemption
Percentage
Reduction: N/A
Interest Rate: 5.89% per annum
Interest Payment
Dates: Each March 1 and
September 1, commencing
September 1, 1998 and
the Maturity Date
Interest Payment
Period: Semi-annually
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: 61745EMH1
Capitalized terms not defined above have the meanings given to such terms in the
accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
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