MORGAN STANLEY DEAN WITTER CAPITAL APPRECIATION FUND
NSAR-A/A, 1999-08-03
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SIGNATURE   BARRY FINK
TITLE       VICE PRESIDENT



     Morgan Stanley Dean Witter American Opportunities Fund
   (Formerly Morgan Stanley Dean Witter American Value Fund)


Item 77.C.     Matters Submitted to a Vote of Security Holders  -
February 24, 1999+

      Approval of an Agreement and Plan of Reorganization,  dated
October  28,  1998,  between Morgan Stanley Dean  Witter  Capital
Appreciation  Fund  ("Capital Appreciation") and  Morgan  Stanley
Dean  Witter American Value Fund ("American Value"), pursuant  to
which  substantially  all of the assets of  Capital  Appreciation
would  be  combined with those of American Value and shareholders
of  Capital  Appreciation would become shareholders  of  American
Value  receiving shares of American Value with a value  equal  to
the value of their holdings in Capital Appreciation:

For:         9,090,761.011              Against:      272,377.140
Abstain: 1,110,148.774

Item 77c -capital appreciation



<TABLE>
<CAPTION> Exhibit 77(0) Morgan  Stanley Dean Witter  Capital
Appreciation  Fund
     10f-3 transactions for the period November 1, 1998 - May 31,
1999

<S>                             <C>        <C>    <C>       <C>
<C>           <C>        <C>

TOTAL

ISSUED/
                                DATE      PRICE  SHARES     % of
PRINCIPAL      PURCHASED
SECURITY                        PURCHASED SHARE  PURCHASED  Assets
AMOUNT         BY GROUP  BROKER(S)
Ticketmaster Online-City Search 12/2/98   $14.00 7,000      0.046%
$98,000,000.00 .614%     Banc Boston Robertson Stephens
Vignette Corp.                  2/18/99   $19.00 1,500      .013%
$76,000,000.00 .763%     Soundview

</TABLE>

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000948777
<NAME> MSDW CAPITAL APPRECIATION FUND -  CLASS A

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000948777
<NAME> MSDW CAPITAL APPRECIATION FUND -  CLASS B

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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000948777
<NAME> MSDW CAPITAL APPRECIATION FUND -  CLASS C

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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000948777
<NAME> MSDW CAPITAL APPRECIATION FUND -  CLASS D

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[AVG-DEBT-OUTSTANDING]                               0
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