PROSPECTUS Dated June 2, 1997 Amendment No. 1 to
PROSPECTUS SUPPLEMENT Pricing Supplement No. 59 to
Dated June 2, 1997 Registration Statement No. 333-27919
March 3, 1998; Rule 424(b)(3)
Morgan Stanley, Dean Witter, Discover & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Fixed Rate Notes
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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
March 17 or September 17, commencing March 17, 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: $15,500,000
Maturity Date: March 17, 2013
Settlement Date
(Original Issue Date): March 17, 1998
Interest Accrual Date: March 17, 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 March 17 or
September 17, commencing March 17, 2000
Annual Redemption
Percentage Reduction: N/A
Interest Rate: 6.70% per annum
Interest Payment Dates: The seventeenth day of each month, commencing
April 17, 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: 61745EMA6
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
