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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 JUNE 30, 1998
The following sentence is added to the end of the footnote to the "Summary
of Fund Expenses" table appearing at page 3 of the Prospectus and to the end of
the sixth paragraph under the heading "The Fund and its Management" appearing
on page 5 of the Prospectus:
The Investment Manager has undertaken, from July 1, 1999 through December
31, 1999, to continue to assume all operating expenses (except for any
brokerage fees) and waive the compensation provided for in its Investment
Management Agreement to the extent they exceed 0.80% of the Fund's daily
net assets.
June 17, 1999
