AS MORE CLIENTS CHOOSE TO DO BUSINESS WITH MORGAN STANLEY DEAN WITTER. OUR GOAL -- TO BE THE WORLD'S PRE-EMINENT FINANCIAL SERVICES FIRM. GROWTH IN CLIENT ASSETS Morgan Stanley now manages or supervises $425 billion in client assets for individual and institutional investors worldwide. EXPANSION IN EUROPE AND ASIA Our acquisition of AB Asesores in Spain and our cooperative agreement with Sanwa Bank in Japan are key steps in the global expansion of our securities and asset management businesses for individual investors. GLOBAL BRANDING POWER Cardmembers and vendors in the UK now leverage the power of the Discover Card through the Morgan Stanley Dean Witter card, launched in September. ©1999 Morgan Stanley Dean Witter & Co. All Rights Reserved. Additional copyright information also applies.