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Filed Pursuant to Rule 497
Registration File No.: 33-58175
SUPPLEMENT TO THE PROSPECTUSES OF
DEAN WITTER HAWAII MUNICIPAL TRUST DATED JANUARY 31, 1997
DEAN WITTER MULTI-STATE MUNICIPAL SERIES TRUST DATED FEBRUARY 28, 1997
On July 28, 1997, certain other open-end investment companies
("Multi-Class Funds") to which Dean Witter InterCapital Inc. serves as
investment manager began offering their shares in four classes (each, a
"Class"), each with a different combination of sales charges, ongoing fees
and other features. Each of the Funds listed above (each, a "Fund" and
collectively, the "Funds") will continue to offer one class of shares. In
order to reflect implementation of this multiple class distribution system,
the Prospectus of each Fund is revised as follows:
Combined Purchase Privilege. Under the section "Purchase of Fund
Shares--Reduced Sales Charges," the paragraph describing the Combined
Purchase Privilege is restated as follows:
Combined Purchase Privilege. Investors may have the benefit of reduced
sales charges in accordance with the above schedule by combining purchases
of all shares of the Fund in single transactions with the purchase of
Class A shares of any of the open-end investment companies to which
InterCapital serves as investment manager ("Dean Witter Funds") that are
multiple class funds ("Dean Witter Multi-Class Funds") and shares of other
Dean Witter Funds sold with a front-end sales charge ("FESC Funds"). The
sales charge payable on the purchase of shares of the Fund, the Class A
shares of the Dean Witter Multi-Class Funds and the shares of the other
FESC Funds will be at their respective rates applicable to the total
amount of the combined concurrent purchases of such shares.
Right of Accumulation. Under the section "Purchase of Fund Shares--Reduced
Sales Charges," the first paragraph describing the Right of Accumulation
applicable to purchases of the Fund's shares is restated as follows:
Right of Accumulation. The above persons and entities may also benefit
from a reduction of the sales charges in accordance with the above
schedule if the cumulative net asset value of all shares of the Fund
purchased in a single transaction, together with shares of the Fund and
other Dean Witter Funds previously purchased at a price including a
front-end sales charge (including shares acquired in exchange for those
shares, and including in each case shares acquired through reinvestment of
dividends and distributions) which are held at the time of such
transaction, amounts to $25,000 or more.
Letter of Intent. Under the section "Purchase of Fund Shares--Reduced
Sales Charges," the paragraph describing a Letter of Intent is restated as
follows:
Letter of Intent. The foregoing schedule of reduced sales charges will
also be available to investors who enter into a written Letter of Intent
providing for the purchase, within a thirteen-month period, of all shares
of the Fund from DWR or other Selected Broker-Dealers. The cost of shares
of the Fund or shares of any other Dean Witter Funds which were previously
purchased at a price including a front-end sales charge during the 90-day
period prior to the date of receipt by the Distributor of the Letter of
Intent, or shares of the Fund or other Dean Witter Funds acquired in
exchange for shares of such funds purchased during such period at a price
including a front-end sales charge, which are still owned by the
shareholder, may also be included in determining the applicable reduction.
Exchange Privilege. Shares of the Funds may no longer be exchanged for
shares of CDSC funds. Under the section "Shareholder Services--Exchange
Privilege" the term "FESC funds" is amended to mean Dean Witter Hawaii
Municipal Trust, Dean Witter Multi-State Municipal Series Trust and Class A
of the Multi-Class Funds.
In addition, the following sentence is added to the end of the second
paragraph of the same section:
However, shares of the Fund acquired in exchange for Class A shares of a
Dean Witter Multi-Class Fund are subject to the CDSC applicable to the
Class A shares of the Multi-Class Fund, if any, upon redemption of the
Fund's shares.
July 28, 1997