WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW SELECT UTILITIES FUND
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 141,092,280
<INVESTMENTS-AT-VALUE> 194,726,386
<RECEIVABLES> 0
<ASSETS-OTHER> 630,457
<OTHER-ITEMS-ASSETS> 247
<TOTAL-ASSETS> 195,357,090
<PAYABLE-FOR-SECURITIES> (57,600)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (232,811)
<TOTAL-LIABILITIES> (290,411)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 135,452,797
<SHARES-COMMON-STOCK> 7,646,337
<SHARES-COMMON-PRIOR> 6,299,489
<ACCUMULATED-NII-CURRENT> 1,325
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,978,451
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53,634,106
<NET-ASSETS> 195,066,679
<DIVIDEND-INCOME> 1,451,825
<INTEREST-INCOME> 422,401
<OTHER-INCOME> 0
<EXPENSES-NET> (663,769)
<NET-INVESTMENT-INCOME> 1,210,457
<REALIZED-GAINS-CURRENT> 5,978,456
<APPREC-INCREASE-CURRENT> (2,544,259)
<NET-CHANGE-FROM-OPS> 4,644,654
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,365,168)
<DISTRIBUTIONS-OF-GAINS> (10,447,048)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,423,670
<NUMBER-OF-SHARES-REDEEMED> (536,983)
<SHARES-REINVESTED> 460,161
<NET-CHANGE-IN-ASSETS> 29,698,265
<ACCUMULATED-NII-PRIOR> 156,036
<ACCUMULATED-GAINS-PRIOR> 10,447,043
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (617,940)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (663,769)
<AVERAGE-NET-ASSETS> 191,180,110
<PER-SHARE-NAV-BEGIN> 26.25
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.73
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> (1.45)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.51
<EXPENSE-RATIO> 0.70
</TABLE>