Morgan Stanley Dean Witter High Yield Fund, Inc. Declares a Dividend

Apr 17, 2001, 01:00 ET from Morgan Stanley Dean Witter High Yield Fund, Inc.

    NEW YORK, April 17 /PRNewswire/ -- The Officers of Morgan Stanley Dean
 Witter High Yield Fund, Inc. (NYSE:   MSY), pursuant to authority granted by the
 Board of Directors of the Fund, have declared a monthly dividend to the Fund's
 shareholders of $0.085 per share of net investment income.  The dividend will
 be payable in cash or in shares on May 15, 2001 to shareholders of record at
 the close of business on April 30, 2001.
 
     The Fund is a closed-end management investment company seeking high
 current income and capital appreciation by investing primarily in debt
 securities that are rated below investment grade or are unrated and considered
 to have a credit quality below investment grade.
 
     For further information, please contact Mark Kucera, Chase Global Funds
 Services Company, (617) 557-8844.
 
 

SOURCE Morgan Stanley Dean Witter High Yield Fund, Inc.
    NEW YORK, April 17 /PRNewswire/ -- The Officers of Morgan Stanley Dean
 Witter High Yield Fund, Inc. (NYSE:   MSY), pursuant to authority granted by the
 Board of Directors of the Fund, have declared a monthly dividend to the Fund's
 shareholders of $0.085 per share of net investment income.  The dividend will
 be payable in cash or in shares on May 15, 2001 to shareholders of record at
 the close of business on April 30, 2001.
 
     The Fund is a closed-end management investment company seeking high
 current income and capital appreciation by investing primarily in debt
 securities that are rated below investment grade or are unrated and considered
 to have a credit quality below investment grade.
 
     For further information, please contact Mark Kucera, Chase Global Funds
 Services Company, (617) 557-8844.
 
 SOURCE  Morgan Stanley Dean Witter High Yield Fund, Inc.