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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (42555)	4/7/1998 12:46:00 PM
From: Todd DeMelle	Read Replies (1) \| Respond to of 61433

Amex Lists $9 Million Issue Linked to Common Stock Of Six Telecommunications Companies New Morgan Stanley Dean Witter Exchangeable Notes Due April 15, 2005 NEW YORK, April 7 /PRNewswire/ -- The American Stock Exchange today began trading Morgan Stanley Dean Witter & Co. 1% Exchangeable Notes. Trading under the ticker symbol TBB.A, the seven-year, $9 million debt issue will mature on April 15, 2005. The Notes, which have a face value of $1,000, make two payments per year totaling $10, or 1% of the Face Value. At maturity, holders of TBB.A will receive either shares in a basket of six telecommunications stocks, or the Face Value. If at maturity, the Issuer elects to deliver the basket of stocks, the stocks will be delivered in the following proportion: Issuer of Ticker % of Basket Stock Basket Value Ascend Communications, Inc. ASND 20% Telefonaktiebolget LM ERICY 10% Ericsson Lucent Technologies Inc. LU 20% Nokia Corporation ADR "A" NOK.A 10% Tellabs, Inc. TLAB 20% WorldCom, Inc. WCOM 20% The Medium-Term Notes were issued by Morgan Stanley Dean Witter & Co. The sole underwriter for the Notes is Morgan Stanley Dean Witter. The Amex specialist unit for TBB.A is Spear, Leeds & Kellogg. The Amex is a leader in listing hybrid debt instruments, as well as warrants on foreign currencies, indexes and other structured products. Visit Amex web site located at amex.com SOURCE American Stock Exchange CO: Morgan Stanley Dean Witter & Co. ST: New York IN: TLS SU: 04/07/98 12:07 EDT prnewswire.com