<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
011 A000001 DELETE
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE SHELDON CURTIS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
TCW/DW BALANCED FUND -- SEMI-ANNUAL (3/31/95)
</LEGEND>
<CIK> 0000898439
<NAME> TCW/DW BALANCED FUND
<S> <C>
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</TABLE>
