<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW BALANCED INCOME CLASS D
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 71,000,033
<INVESTMENTS-AT-VALUE> 70,073,338
<RECEIVABLES> 575,010
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 66,090
<TOTAL-ASSETS> 70,714,438
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,473,768)
<TOTAL-LIABILITIES> (1,473,768)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71,434,644
<SHARES-COMMON-STOCK> 7,067
<SHARES-COMMON-PRIOR> 131,156
<ACCUMULATED-NII-CURRENT> 334,129
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,601,408)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (926,695)
<NET-ASSETS> 80,052
<DIVIDEND-INCOME> 343,585
<INTEREST-INCOME> 1,744,144
<OTHER-INCOME> 0
<EXPENSES-NET> (763,246)
<NET-INVESTMENT-INCOME> 1,324,483
<REALIZED-GAINS-CURRENT> (1,371,095)
<APPREC-INCREASE-CURRENT> 306,626
<NET-CHANGE-FROM-OPS> 260,014
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,377)
<DISTRIBUTIONS-OF-GAINS> (34,043)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,392
<NUMBER-OF-SHARES-REDEEMED> (137,024)
<SHARES-REINVESTED> 5,543
<NET-CHANGE-IN-ASSETS> (20,855,339)
<ACCUMULATED-NII-PRIOR> 292,940
<ACCUMULATED-GAINS-PRIOR> 1,779,108
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (236,372)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (763,246)
<AVERAGE-NET-ASSETS> 1,416,529
<PER-SHARE-NAV-BEGIN> 11.79
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> (0.14)
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> 0.97
</TABLE>
