TCW/DW INCOME AND GROWTH FUND PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD JUNE 8, 1999 The undersigned shareholder of TCW/DW Income and Growth Fund does hereby appoint Barry Fink, Ronald E. Robison and Robert S. Giambrone 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 TCW/DW Income and Growth Fund to be held on June 8, 1999, in Conference Room A, Forty-Fourth Floor, Two World Trade Center, New York, New York at 11:00 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. - -------------------------------------------------------------------------------- PLEASE MARK VOTES AS IN THE EXAMPLE USING BLACK OR BLUE INK X TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD YOU ALSO MAY VOTE A PROXY BY TOUCH-TONE PHONE OR BY INTERNET (SEE ENCLOSED VOTING INFORMATION CARD FOR FURTHER INSTRUCTIONS) TO VOTE A PROXY BY PHONE, call Toll-Free: 1-800-690-6903 TO VOTE A PROXY BY INTERNET, visit our Website(s): WWW.MSDWT.COM or WWW.PROXYVOTE.COM The Proposal: FOR AGAINST ABSTAIN [ ] [ ] [ ] Approval of the Agreement and Plan of Reorganization, dated as of February 25, 1999, pursuant to which substantially all of the assets of TCW/DW Income and Growth Fund would be combined with those of Morgan Stanley Dean Witter Income Builder Fund and shareholders of TCW/DW Income and Growth Fund would become shareholders of Morgan Stanley Dean Witter Income Builder Fund receiving shares in Morgan Stanley Dean Witter Income Builder Fund with a value equal to the value of their holdings in TCW/DW Income and Growth Fund. Please make sure to sign and date this Proxy using black or blue ink. Date --------------------------------------- ------------------------------------------- Shareholder sign in the box above ------------------------------------------- Co-Owner (if any) sign in the box above - ------------------------------------------------------------------------------- PLEASE FOLD AND DETACH AT PERFORATION ALONG DOTTED LINES TCW/DW INCOME AND GROWTH FUND - ------------------------------------------------------------------------------- IMPORTANT USE ONE OF THESE THREE EASY WAYS TO VOTE YOUR PROXY 1. BY MAIL. PLEASE DATE, SIGN AND RETURN THE ABOVE PROXY CARD IN THE ENCLOSED POSTAGE PAID ENVELOPE. 2. BY INTERNET. HAVE YOUR PROXY CARD AT HAND. GO TO THE "VOTE YOUR PROXY HERE" LINK ON THE WEBSITE WWW.MSDWT.COM OR WWW.PROXYVOTE.COM. ENTER YOUR 12 DIGIT CONTROL NUMBER LOCATED ON THE PROXY CARD AND FOLLOW THE SIMPLE INSTRUCTIONS. 3. BY TELEPHONE. HAVE YOUR PROXY CARD AT HAND. CALL 1-800-690-6903 ON A TOUCH-TONE PHONE. ENTER YOUR 12-DIGIT CONTROL NUMBER LOCATED ON THE PROXY CARD AND FOLLOW THE SIMPLE RECORDED INSTRUCTIONS. - ------------------------------------------------------------------------------- 087, 424, 425, 426