WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
MSDW BALANCED GROWTH FUND - CLASS B
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JULY 31, 2000
<PERIOD-END> JANUARY 31, 2000
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<INVESTMENTS-AT-VALUE> 186,928,946
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (739,634)
<TOTAL-LIABILITIES> (739,634)
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<SHARES-COMMON-PRIOR> 6,686,444
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<NET-INVESTMENT-INCOME> 2,420,115
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<APPREC-INCREASE-CURRENT> (3,596,655)
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<DISTRIBUTIONS-OF-INCOME> (751,133)
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<NUMBER-OF-SHARES-REDEEMED> (3,000,531)
<SHARES-REINVESTED> 301,492
<NET-CHANGE-IN-ASSETS> (72,312,640)
<ACCUMULATED-NII-PRIOR> 1,028,219
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<PER-SHARE-NAV-END> 11.80
<EXPENSE-RATIO> 1.86%
</TABLE>
