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Filed Pursuant to Rule 497(e)
Registration File No.: 33-50857
SUPPLEMENT TO THE PROSPECTUS OF
MORGAN STANLEY DEAN WITTER SHORT-TERM BOND FUND
DATED AUGUST 26, 1999
The Investment Manager has agreed to continue to waive its compensation
under its management agreement with the Fund and to assume operating expenses
of the Fund (except brokerage fees) through December 31, 2000, to the extent
necessary to maintain such expenses and compensation at 0.80% of the Fund's
daily net assets on an annualized basis.
November 15, 1999
