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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
February 27, 1995
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 period for which this notice is filed is the
period beginning on and including July 1, 1994 and ending on
and including December 31, 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 4,755,771.1
(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
$4,807,660.00, less actual aggregate price of securities redeemed or
repurchased, 0, equals the net aggregate sale price of $4,807,660.00.
A filing fee in the amount of $1,657.83 in respect of $4,807,660.00
amount of securities has been included in this filing via wire
transfer to the designated lock-box.
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-2-
during the Period in reliance upon registration pursuant to
Rule 24f-2 was 4,755,771.
Very truly yours,
DEAN WITTER REYNOLDS INC.
By Michael D. Browne
Michael D. Browne
Vice President
(Letterhead of Cahill Gordon & Reindel)
February 27, 1995
(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 aggre-
gate, the "Units").
During the period from July 1, 1994 through
December 31, 1994, certain Units were sold by you upon
their initial issuance and/or in connection with your main-
tenance of a secondary market for Units. The Bank of New
York, as Trustee, has confirmed that certificates evidenc-
ing 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 deliv-
ered 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 Commis-
sion 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
