Dividends
Effective January 1998, Morgan Stanley, Dean Witter, Discover & Co.'s Board of Directors increased the quarterly cash dividend to $0.20 per share of common stock.

Independent Auditors
Deloitte & Touche LLP
Two World Financial Center
New York, NY 10281
212-436-2000

Home page on the World Wide Web:
http://www.morganstanley.com

Share Purchase and Dividend Reinvestment Plan & Shareholder Services
Dean Witter Trust FSB is the Record Keeper for the Share Purchase and Dividend Reinvestment Plan and the Transfer Agent for the Company's common stock. For more information about the plan or assistance with address changes, lost stock certificates, and share ownership, contact:

Dean Witter Trust FSB
Harborside Financial Center, Plaza Two
Jersey City, NJ 07311-3977
1-800-622-2393

Annual Report on Form 10-K and Shareholder Inquiries
For general information about the Company and to request copies of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, contact:

Shareholder Helpline:
800-733-2307

Investor Relations
Security analysts, portfolio managers, and representatives of financial institutions seeking information about the Company are invited to contact:

Investor Relations
212-762-8131