MORGAN STANLEY DEAN WITTER SHORT TERM BOND FUND
NSAR-A, EX-27, 2000-12-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MSDW SHORT-TERM BOND FUND
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                       APRIL 30, 2000
<PERIOD-END>                          OCTOBER 31, 2000
<INVESTMENTS-AT-COST>                      109,518,292
<INVESTMENTS-AT-VALUE>                     107,928,585
<RECEIVABLES>                                2,286,523
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            37,171
<TOTAL-ASSETS>                             110,252,279
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  (1,591,598)
<TOTAL-LIABILITIES>                        (1,591,598)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   114,572,742
<SHARES-COMMON-STOCK>                       11,661,634
<SHARES-COMMON-PRIOR>                       12,907,210
<ACCUMULATED-NII-CURRENT>                          259
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,322,613)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,589,707)
<NET-ASSETS>                               108,660,681
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,809,452
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (454,587)
<NET-INVESTMENT-INCOME>                      3,354,865
<REALIZED-GAINS-CURRENT>                     (693,086)
<APPREC-INCREASE-CURRENT>                    2,150,612
<NET-CHANGE-FROM-OPS>                        4,812,391
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,370,216)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     14,849,548
<NUMBER-OF-SHARES-REDEEMED>               (16,355,251)
<SHARES-REINVESTED>                            260,127
<NET-CHANGE-IN-ASSETS>                    (10,033,472)
<ACCUMULATED-NII-PRIOR>                         15,610
<ACCUMULATED-GAINS-PRIOR>                  (3,629,527)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        (397,764)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              (521,865)
<AVERAGE-NET-ASSETS>                       112,720,349
<PER-SHARE-NAV-BEGIN>                             9.20
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                           0.12
<PER-SHARE-DIVIDEND>                            (0.28)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.32
<EXPENSE-RATIO>                                  0.80%


</TABLE>


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