1、MORGAN STANLEY DEAN WITTER 1585 Broadway,New York,NY 10036 MORGANSTANLEYDEANWITTER2000SUMMARYANNUALREPORT1STchOIcEAchIEvINGcLIENTASPIRATIONS CAPITALINNOVATIVE IDEASCLIENT FOCUSCOMMUNITY ENRICHMENT?at-a-glance0.001011.752023.503035.254047.00MSD010_SecIncAftTax_01_ifc.eps4,0473,6812,2421,8412000199919
2、981997SECURITIES INCOME AFTER TAXES(dollars in millions)0.00170.75341.50512.25683.00MSD010_AstMgtInAftTx_01_ifc.eps683448248*3352000199919981997ASSET MANAGEMENT INCOME AFTER TAXES(dollars in millions)*excluding gain on sale of business0.0181.5363.0544.5726.0MSD010_CrdtSvInAftTx_01_ifc.eps726662558*4
3、732000199919981997CREDIT SERVICES INCOMEAFTER TAXES(dollars in millions)*excluding gain on sale of businessSecURItIeSMSDW serves institutional and individ-ual investors and investment banking clients,including corporations,govern-ments and other entities around the globe.The firm provides clients wi
4、th investment banking advice on mergers and acquisitions,financial restructuring and privatizations.MSDW manages pri-vate partnerships that invest in venture capital,real estate and other private equity opportunities.The firm also is a major underwriter of stocks and bonds and provides research and
5、sales and trading services in virtually every type of financial instrument,including stocks,bonds,derivatives,foreign exchange and commodities.The firm also provides clearance and custody,financing,client technology and securities lending to hedge funds.The Individual Investor Group has nearly 14,00
6、0 financial advi-sors and 5.4 million client accounts,with assets of more than$600 billion.cReDItSeRVIceSMSDWs flagship Discover Card was launched in 1985 and is marketed in the United States with no annual fee and a Cashback Bonus award.The Discover Card is accepted exclusively on the Discover Busi