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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RULE 24F-2 NOTICE FOR
DEAN WITTER SELECT EQUITY TRUST
TELECOMMUNICATIONS PORTFOLIO SERIES 1
Registration Number 33-49737
August 26, 1994
Pursuant to Regulation 270.24f-2 ("Rule 24f-2") promulgated
under the Investment Company Act of 1940, as amended, Dean Witter Reynolds
Inc., as Sponsor of the above- captioned trust (the "Trust"), a unit
investment trust which elected to register an indefinite number of units in
accordance with Rule 24f-2, hereby submits the notice and information
required by Rule 24f-2:
(i) The fiscal year for which this notice is filed is the
period beginning on and including July 23, 1993 and ending on and including
June 30, 1994 (the "Period").
(ii) The number or amount of securities of the same class or
series which have been registered under the Securities Act of 1933, as
amended, other than pursuant to Rule 24f-2 but which remain unsold at the
beginning of the Period was none.
(iii) The number or amount of securities registered during the
Period other than pursuant to Rule 24f-2 was none.
(iv) The number of securities sold during the Period was
266,708,311.1
(v) Based on the number of securities referred to in
paragraph (iv) above, net of redemptions or repurchases referred to in the
footnote, the number of securities sold
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1 Actual aggregate sale price for which securities were sold was
$282,376,467.00, less actual aggregate price of securities redeemed
or repurchased, $23,063,217.00, equals the net aggregate sale price
of $259,313,250.00.
A filing fee in the amount of $89,418.99 in respect of $259,313,250.00
amount of securities has been included in this filing via wire
transfer to the designated lock-box.
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during the Period in reliance upon registration pursuant to Rule 24f-2 was
243,411,510.
Very truly yours,
DEAN WITTER REYNOLDS INC.
By Michael D. Browne
Michael D. Browne
Vice President
(Letterhead of Cahill Gordon & Reindel)
August 26, 1994
(212) 701-3000
Dean Witter Reynolds Inc.
Two World Trade Center
New York, New York 10048
Re: DEAN WITTER SELECT EQUITY TRUST,
TELECOMMUNICATIONS PORTFOLIO SERIES 1
Gentlemen:
We have acted as special counsel for you, as Sponsor of the
above-referenced Trust, (a unit investment trust, herein called the
"Trust"), in connection with the issuance under a Trust Indenture and
Agreement and related Reference Trust Agreement (collectively, the
"Indenture"), among you and The Bank of New York, as Trustee, of units
of fractional undivided interest in the Trust (in the aggregate, the
"Units").
During the fiscal year ended June 30, 1994, certain Units
were sold by you upon their initial issuance and/or in connection with
your maintenance of a secondary market for Units. United States Trust
Company of New York, as Trustee, has confirmed that certificates
evidencing the Units have been executed and delivered by the depositor
and the Trustee or the ownership of Units has been recorded on the
books of the Trustee, in either case in accordance with the Indenture.
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We have examined copies of such documents delivered by the
The Bank of New York, the Indenture, the form of certificate
evidencing the Units, the Rule 24f-2 Notice being filed today with the
Securities and Exchange Commission and such other documents as we have
deemed necessary or advisable for purposes of this opinion. We have
assumed that the copies of the documents we have reviewed and the
signatures thereon are genuine.
Based upon the foregoing, and in reliance upon such
documents delivered by the The Bank of New York, we are of the opinion
that the Units, registration of which such Rule 24f-2 Notice makes
definite in number, were legally issued, fully paid and nonassessable.
Very truly yours,
CAHILL GORDON & REINDEL
