PROSPECTUS Dated March 26, 1998 Pricing Supplement No. 48 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-46935
Dated March 26, 1998 January 21, 1999
Rule 424(b)(3)
Morgan Stanley Dean Witter & Co.
MEDIUM-TERM NOTES, SERIES C
Senior Floating Rate Notes
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We will not redeem these Medium-Term Notes, Series C (Senior
Floating Rate Notes) prior to the Maturity Date. We describe the basic
features of this type of note in the section called "Description of
Notes--Floating Rate Notes" in the accompanying Prospectus Supplement, subject
to and as modified by the provisions described below.
The Internal Revenue Service Restructuring and Reform Act of
1998 eliminated the 18-month holding period requirement for certain individual
taxpayers to qualify for the lowest tax rate for capital gain. The minimum
holding period required to qualify for the lowest tax rate currently is 12
months.
Principal Amount: $10,000,000
Maturity Date: January 26, 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 26, 1999
Interest Payment
Dates: Each January 26, April 26, July 26 and October 26,
commencing April 26, 1999, 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 Months
Spread (Plus or Minus): Plus 0.15% per annum
Index Currency: U.S. Dollars
Interest Payment
Period: Quarterly
Specified Currency: U.S. Dollars
Issue Price: 100%
Settlement Date
(Original Issue Date): January 26, 1999
Initial Interest Reset
Date: April 26, 1999, 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
Minimum Denomination: $1,000
CUSIP: 61745EMX6
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY DEAN WITTER
