<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 22, 1994
REGISTRATION NOS.: 33-53299
811-07157
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM N-1A
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 /X/
PRE-EFFECTIVE AMENDMENT NO. / /
POST-EFFECTIVE AMENDMENT NO. 2 /X/
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940 /X/
AMENDMENT NO. 3 /X/
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DEAN WITTER HIGH INCOME SECURITIES
(A MASSACHUSETTS BUSINESS TRUST)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
TWO WORLD TRADE CENTER
NEW YORK, NEW YORK 10048
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 392-1600
SHELDON CURTIS, ESQ.
TWO WORLD TRADE CENTER
NEW YORK, NEW YORK 10048
(NAME AND ADDRESS OF AGENT FOR SERVICE)
------------------------
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
As soon as practicable after this Post-Effective Amendment becomes effective.
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)
_X_ immediately upon filing pursuant to paragraph (b)
___ on November 18, 1994 pursuant to paragraph (b)
___ 60 days after filing pursuant to paragraph (a)
___ on (date) pursuant to paragraph (a) of rule 485.
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THE REGISTRANT HAS REGISTERED AN INDEFINITE NUMBER OF ITS SHARES UNDER THE
SECURITIES ACT OF 1933 PURSUANT TO SECTION (A)(1) OF RULE 24F-2 UNDER THE
INVESTMENT COMPANY ACT OF 1940. PURSUANT TO SECTION (B)(2) OF RULE 24F-2, THE
REGISTRANT WILL FILE A RULE 24F-2 NOTICE FOR ITS FISCAL YEAR ENDING MARCH 31,
1995 WITH THE SECURITIES AND EXCHANGE COMMISSION ON OR ABOUT APRIL 30, 1995.
AMENDING THE PROSPECTUS AND UPDATING FINANCIAL STATEMENTS
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<PAGE>
DEAN WITTER HIGH INCOME SECURITIES
CROSS-REFERENCE SHEET
FORM N-1A
<TABLE>
<CAPTION>
ITEM CAPTION
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<S> <C>
PART A PROSPECTUS
1. .............................................. Cover Page
2. .............................................. Summary of Fund Expenses; Prospectus Summary
3. .............................................. Performance Information; Financial Highlights
4. .............................................. Investment Objective and Policies; The Fund and its Management; Cover Page;
Investment Restrictions; Prospectus Summary; Appendix; Risk Considerations
5. .............................................. The Fund and Its Management; Back Cover; Investment Objective and Policies
6. .............................................. Dividends, Distributions and Taxes; Additional Information
7. .............................................. Purchase of Fund Shares; Shareholder Services; Redemptions and Repurchases
8. .............................................. Redemptions and Repurchases; Shareholder Services
9. .............................................. Not Applicable
PART B STATEMENT OF ADDITIONAL INFORMATION
10. .............................................. Cover Page
11. .............................................. Table of Contents
12. .............................................. The Fund and Its Management
13. .............................................. Investment Practices and Policies; Investment Restrictions; Portfolio
Transactions and Brokerage
14. .............................................. The Fund and Its Management; Trustees and Officers
15. .............................................. Trustees and Officers
16. .............................................. The Fund and Its Management; Purchase of Fund Shares; Custodian and Transfer
Agent; Independent Accountant
17. .............................................. Portfolio Transactions and Brokerage
18. .............................................. Description of Shares
19. .............................................. Repurchase of Fund Shares; Redemptions and Repurchases; Statements of Assets
and Liabilities; Shareholder Services
20. .............................................. Dividends, Distributions and Taxes
21. .............................................. Purchase of Fund Shares
22. .............................................. Dividends, Distributions and Taxes
23. .............................................. Performance Information
</TABLE>
PART C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C of this Registration Statement.
<PAGE>
PART A
All disclosures contained in Part A (Prospectus) of Form N-1A of
Post-Effective Amendment Number 1 to the Registration Statement of Dean Witter
High Income Securities (the "Registrant"), filed with the Securities and
Exchange Commission on November 17, 1994, are herewith Incorporated by
Reference in this Post-Effective Amendment Number 2 to the Registration
Statement of the Registrant.
PART B
All disclosures contained in Part B (Statement of Additional Information)
of Form N-1A of Post-Effective Amendment Number 1 to the Registration
Statement of Dean Witter High Income Securities (the "Registrant"), filed
with the Securities and Exchange Commission on November 17, 1994, are
herewith Incorporated by Reference in this Post-Effective Amendment Number 2
to the Registration Statement of the Registrant.
PART C
ITEM 27. FINANCIAL STATEMENTS AND EXHIBITS
(b)(1) FINANCIAL DATA SCHEDULE
All disclosures contained in Part C of Form N-1A of Post-Effective
Amendment Number 1 to the Registration Statement of Dean Witter High Income
Securities (the "Registrant"), filed with the Securities and Exchange
Commission on November 17, 1994, are herewith Incorporated by Reference in
this Post-Effective Amendment Number 2 to the Registration Statement of the
Registrant.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all of
the requirements for effectiveness of this Registration Statement pursuant to
Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-
Effective Amendment to the Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of New York and State of
New York on the 22nd day of November, 1994.
DEAN WITTER HIGH INCOME SECURITIES
By /s/ Sheldon Curtis
-------------------------------
Sheldon Curtis
Vice President and Secretary
Pursuant to the requirements of the Securities Act of 1933, this Post-
Effective Amendment No. 2 has been signed below by the following persons in the
capacities and on the dates indicated.
<TABLE>
<CAPTION>
Signatures Title Date
---------- ----- ----
<S> <C> <C>
(1) Principal Executive Officer President, Chief
Executive Officer,
Trustee and Chairman
By /s/ Charles A. Fiumefreddo 11/22/94
----------------------------
Charles A. Fiumefreddo
(2) Principal Financial Officer Treasurer and Principal
Accounting Officer
By /s/ Thomas F. Caloia 11/22/94
----------------------------
Thomas F. Caloia
(3) Majority of the Trustees
Charles A. Fiumefreddo (Chairman)
Edward R. Telling
Philip J. Purcell
By /s/ Sheldon Curtis 11/22/94
----------------------------
Sheldon Curtis
Attorney-in-Fact
Jack F. Bennett Manuel H. Johnson
Michael Bozic Paul Kolton
Edwin J.Garn Michael E. Nugent
John R. Haire John L. Schroeder
John E. Jeuck
By /s/ David M. Butowsky 11/22/94
----------------------------
David M. Butowsky
Attorney-in-Fact
</TABLE>
<PAGE>
[ARTICLE] 6
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1995
[PERIOD-END] SEP-30-1994
[INVESTMENTS-AT-COST] 81,826,475
[INVESTMENTS-AT-VALUE] 80,815,933
[RECEIVABLES] 5,021,585
[ASSETS-OTHER] 149,675
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 85,987,193
[PAYABLE-FOR-SECURITIES] 3,307,135
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 485,754
[TOTAL-LIABILITIES] 3,792,889
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 83,420,271
[SHARES-COMMON-STOCK] 8,393,600
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,220
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (273,645)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,010,542)
[NET-ASSETS] 82,194,304
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,751,237
[OTHER-INCOME] 0
[EXPENSES-NET] 220,377
[NET-INVESTMENT-INCOME] 1,530,860
[REALIZED-GAINS-CURRENT] (273,645)
[APPREC-INCREASE-CURRENT] (1,010,542)
[NET-CHANGE-FROM-OPS] 246,673
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,472,640
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 8,692,950
[NUMBER-OF-SHARES-REDEEMED] 370,499
[SHARES-REINVESTED] 61,149
[NET-CHANGE-IN-ASSETS] 82,094,304
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 77,921
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 292,854
[AVERAGE-NET-ASSETS] 47,009,952
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.26
[PER-SHARE-GAIN-APPREC] (0.22)
[PER-SHARE-DIVIDEND] (0.25)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.79
[EXPENSE-RATIO] 1.41
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
