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                    DEAN WITTER GLOBAL ASSET ALLOCATION FUND
                   PROXY FOR SPECIAL MEETING OF SHAREHOLDERS
                           TO BE HELD AUGUST 19, 1998
 
    The undersigned shareholder of Dean Witter Global Asset Allocation Fund does
hereby appoint BARRY FINK, ROBERT M. SCANLAN and JOSEPH MCALINDEN and each of
them, as attorneys-in-fact and proxies of the undersigned, each with the full
power of substitution, to attend the Special Meeting of Shareholders of Dean
Witter Global Asset Allocation Fund to be held on August 19, 1998, in the Career
Development Room, Sixty-First Floor, Two World Trade Center, New York, New York
at     A.M., New York time, and at all adjournments thereof and to vote the
shares held in the name of the undersigned on the record date for said meeting
for the Proposal specified on the reverse side hereof. Said attorneys-in-fact
shall vote in accordance with their best judgment as to any other matter.
 
                          (Continued on reverse side)
 
THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY
THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
"FOR" THE PROPOSAL SET FORTH ON THE REVERSE HEREOF AND AS RECOMMENDED BY THE
BOARD OF TRUSTEES.
 
     IMPORTANT -- THIS PROXY MUST BE SIGNED AND DATED ON THE REVERSE SIDE.
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[X]     PLEASE MARK BOXES
        IN BLACK OR BLUE INK

 
The Proposal:
 


                                                  FOR      AGAINST    ABSTAIN
                                                            
Approval of the Agreement and Plan of             [ ]        [ ]        [ ]
Reorganization, dated as of April 30, 1998,
pursuant to which substantially all of the
assets

 
of Dean Witter Global Asset Allocation Fund would be combined with
those of Dean Witter Strategist Fund and shareholders of Dean Witter
Global Asset Allocation Fund would become shareholders of Dean Witter
Strategist Fund receiving shares in Dean Witter Strategist Fund with a
value equal to the value of their holdings in Dean Witter Global Asset
Allocation Fund.
 
Please sign personally. If the shares are registered in more than one name, each
joint owner or each fiduciary
should sign personally. Only authorized officers should sign for corporations.
 
                                                                            Date
 
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                                         Please make sure to sign and date this
                                             Proxy using black or blue ink.
 
                                            Shareholder sign in the box above
 
                                         Co-Owner (if any) sign in the box above
 
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                          PLEASE DETACH AT PERFORATION
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                    DEAN WITTER GLOBAL ASSET ALLOCATION FUND
 
                                   IMPORTANT
                     PLEASE SEND IN YOUR PROXY......TODAY!
 
YOU ARE URGED TO DATE AND SIGN THE ATTACHED PROXY AND RETURN IT PROMPTLY IN THE
ENCLOSED ENVELOPE. THIS WILL HELP SAVE THE EXPENSE OF FOLLOW-UP LETTERS TO
SHAREHOLDERS WHO HAVE NOT RESPONDED.