EXHIBIT 15


To the Directors and Shareholders of Morgan Stanley Dean Witter & Co.:

We have made a review, in accordance with standards established by the American
Institute of Certified Public Accountants, of the unaudited condensed
consolidated interim financial information of Morgan Stanley Dean Witter & Co.
and subsidiaries for the period ended February 28, 2002 and February 28, 2001,
as indicated in our report dated April 10, 2002, included in Morgan Stanley
Dean Witter & Co.'s Quarterly Report on Form 10-Q for the quarter ended
February 28, 2002; because we did not perform an audit, we expressed no opinion
on that information.

We are aware that our reports referred to above are being incorporated by
reference in this Amendment No. 1 to Registration Statement No. 333-83616.

We are also aware that the aforementioned report, pursuant to Rule 436(c) under
the Securities Act of 1933, is not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.



/s/ Deloitte & Touche LLP
New York, New York
June 11, 2002