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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 9
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SIGNATURE SHELDON CURTIS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Annual NSAR DW High Income Sec. 3/31/95
</LEGEND>
<CIK> 0000920995
<NAME> DW HIGH INCOME SECURITIES
<S> <C>
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<FISCAL-YEAR-END> MAR-31-1995
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</TABLE>
