DEAN WITTER NATIONAL MUNICIPAL TRUST
497, 1997-07-02
Previous: FPA MEDICAL MANAGEMENT INC, SC 13D/A, 1997-07-02
Next: DEAN WITTER HIGH INCOME SECURITIES TRUST, 497, 1997-07-02



<PAGE>
                                                Filed Pursuant to Rule 497(e)
                                                Registration File No.: 33-53015




                       SUPPLEMENT TO THE PROSPECTUS OF 
         DEAN WITTER NATIONAL MUNICIPAL TRUST DATED NOVEMBER 26, 1996 

   On June 30, 1997, the Board of Trustees of Dean Witter National Municipal 
Trust (the "Fund") approved an Agreement and Plan of Reorganization between 
the Fund and Dean Witter Tax-Exempt Securities Trust ("Tax-Exempt"), pursuant 
to which the assets of the Fund would be combined with those of Tax-Exempt 
and shareholders of the Fund would become shareholders of Tax-Exempt, 
receiving shares of Tax-Exempt equal to the value of their holdings in the 
Fund (the "Reorganization"). On July 28, 1997, Tax-Exempt will begin offering 
its shares in multiple classes, each with different distribution arrangements 
and sales charges. Class B shares will be offered at net asset value without 
an initial sales charge but will under most circumstances be subject to a 
declining contingent deferred sales charge ("CDSC"). Shareholders of the Fund 
will receive Class B shares of Tax-Exempt in connection with the 
Reorganization. 

   Shares of the Fund purchased prior to the Reorganization by trusts for 
which Dean Witter Trust Company or Dean Witter Trust FSB provides 
discretionary trustee services will convert to Class A shares of Tax-Exempt 
shortly after the Reorganization. The CDSC will not be applicable to such 
shares. Class A shares of Tax-Exempt are subject to lower ongoing 
distribution fees than those of Class B. 

   The Reorganization is subject to the approval of shareholders of the Fund. 
A proxy statement formally detailing the proposal and the reasons for the 
Trustees' action, as well as information concerning Tax-Exempt, will be 
distributed to shareholders of the Fund. 

June 30, 1997 







© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission