Morgan Stanley Balanced Income Fund – ‘485BPOS’ on 3/27/97 – EX-16

As of:  Thursday, 3/27/97   ·   Effective:  3/27/97   ·   Accession #:  950136-97-332   ·   File #s:  33-56851, 811-07243

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment                              94    479K 
 2: EX-2        By-Laws of the Registrant                             10     52K 
 3: EX-8        Form of Amendment to the Custody Agreement             4     14K 
 4: EX-11       Consent of Independent Accountants                     1      7K 
 5: EX-16       Schedules for Computation of Performance               2      9K 
                          Quotations                                             
 6: EX-27       Financial Data Schedule                                2      8K 

EX-16   —   Schedules for Computation of Performance Quotations

EX-16
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SCHEDULE FOR COMPUTATIONS OF PERFORMANCE QUOTATIONS 
    DEAN WITTER BALANCED GROWTH FUND

(A) AVERAGE ANNUAL TOTAL RETURNS (NO LOAD FUND)                                 

(B) TOTAL RETURN (NO LOAD FUND)                                                 

             _                                       _
   |        ______________________ |
FORMULA:                 |       |           |                                  
  |  /\ n |          EV          |
t  =            |    \  |       ------------- |  - 1          
|     \ |           P        |
|      \|           |         
|_                  _|        

EV                    
TR  =            ----------        - 1                          
P                   

t = AVERAGE ANNUAL COMPOUND RETURN  
n = NUMBER OF YEARS                 
EV = ENDING VALUE                     
P = INITIAL INVESTMENT              
TR = TOTAL RETURN                     

                        (B)                            (A)
$1,000          EV AS OF        TOTAL        NUMBER OF     AVERAGE ANNUAL   
INVESTED - P     31-Jan-97     RETURN - TR     YEARS - n   COMPOUND RETURN - t  
------------     ---------     -----------     ---------   -------------------  
31-Jan-96        $1,078.20         7.82%         1.0000           7.82%         

28-Mar-95        $1,260.80        26.08%         1.8480          13.36%         

(C) AVERAGE ANNUAL TOTAL RETURNS (STANDARIZED COMPUTATIONS) WITHOUT WAIVER OF   
FEES AND ASSUMPTION OF EXPENSES.                                        

                                                   _
       |        ______________________ |
FORMULA:                   |       |           |                                
|  /\ n |          EVb |  
tb =            |    \  |     -------------  |  - 1       
|     \ |           P |   
|      \|           |     
|_                  _|    

tb = AVERAGE ANNUAL COMPOUND RETURN   
                    (DEDUCTION FOR EXPENSES ASSUMED BY FUND MANAGER)
n = NUMBER OF YEARS                 
  EVb = ENDING VALUE (DEDUCTION FOR EXPENSES
ASSUMED BY FUND MANAGER)    
P = INITIAL INVESTMENT              

                         (C)
$1,000        EVb AS OF    NUMBER OF       AVERAGE ANNUAL           TOTAL   
INVESTED - P    31-Jan-97    YEARS - n    COMPOUND RETURN - tb     RETURN - TR  
------------    ---------    ---------    --------------------     -----------  
31-Jan-96      $1,075.40     1.0000              7.54%                 7.54%  
28-Mar-95      $1,249.90     1,88480            12.83%                24.99%  

(D)    GROWTH OF $10,000                                                        
(E)    GROWTH OF $50,000                                                        
(F)    GROWTH OF $100,000                                                       

FORMULA:    G= (TR+1)*P                                                         
G= GROWTH OF INITIAL INVESTMENT                         
P= INITIAL INVESTMENT                                   
TR= TOTAL RETURN SINCE INCEPTION                        

                                                        [Enlarge/Download Table]

   $10,000       TOTAL         (D)   GROWTH OF       (E)   GROWTH OF        (F)   GROWTH OF     
INVESTED - P  RETURN - TR  $10,000 INVESTMENT- G  $50,000 INVESTMENT- G  $100,000 INVESTMENT- G 
------------  -----------  ---------------------  ---------------------  -----------------------
                                                                                                
28-Mar-95      26.08            $12,608                $63,040                  $126,080        

EX-16
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SCHEDULE OF COMPUTATION OF YIELD QUOTATION        
DW BALANCED INCOME FUND         
30 day Yield as of 1/31/97        

6                               
YIELD = 2{[((a-b/c*d)+1]  -  1}                                                 

WHERE:  a = Dividends and interest earned during the period                     

b = Expenses accrued for the period                             

    c = The average daily number of shares outstanding during the period
that were entitled to receive dividends                 

      d = The maximum offering price per share on the last day of the period

                                   6
YIELD = 2{[((215316.27-82872.16)/4116687.437*11.57)+1]-1}                       

= 3.36%