UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                           FORM 10-Q



[X]   Quarterly  report pursuant to Section 13 or  15(d)  of  the
Securities Exchange Act of 1934
For the Period ended June 30, 1997 to

[  ]   Transition report pursuant to Section 13 or 15(d)  of  the
Securities Exchange Act of 1934
For the transition period from               to

Commission File No. 33-55806

                      DEAN WITTER WORLD CURRENCY FUND L.P.
     (Exact name of registrant as specified in its charter)


          Delaware                              13-3700691
(State or other jurisdiction of              (I.R.S. Employer
Incorporation  or organization)                    Identification
No.)

c/o Demeter Management Corporation
Two World Trade Center, 62 Fl., New York, NY             10048
(Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code (212) 392-5454


(Former  name, former address, and former fiscal year, if changed
since last report)

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.

Yes     X           No












<PAGE>
<TABLE>
              DEAN WITTER WORLD CURRENCY FUND L.P.

             INDEX TO QUARTERLY REPORT ON FORM 10-Q

                         June 30, 1997
<CAPTION>

PART I. FINANCIAL INFORMATION
<S>                                                     <C>
Item 1. Financial Statements

     Statements of Financial Condition June 30, 1997
     (Unaudited) and December 31, 1996....................2

     Statements of Operations for the Quarters Ended
     June 30, 1997 and 1996 (Unaudited)...................3

     Statements of Operations for the Six Months Ended
     June 30, 1997 and 1996 (Unaudited)...................4

     Statements of Changes in Partners' Capital for the
        Six Months Ended June 30, 1997 and 1996
     (Unaudited)..........................................5

     Statements of Cash Flows for the Six Months Ended
     June 30, 1997 and 1996 (Unaudited)...................6

        Notes to Financial Statements (Unaudited).........7-11

Item 2. Management's Discussion and Analysis of

Financial Condition and Results of Operations.12-17

Part II. OTHER INFORMATION

Item 1. Legal Proceedings.............................18-19

Item 5. Other Information................................19

Item 6. Exhibits and Reports on Form 8-K.................20












</TABLE>



<PAGE>
<TABLE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
               STATEMENTS OF FINANCIAL CONDITION


<CAPTION>
                                      June 30,     December 31,
                                        1997           1996
                                         $              $
                                    (Unaudited)
ASSETS
<S>                                <C>             <C>
Equity in Commodity futures trading accounts:
 Cash                             28,900,574     25,825,801
 Net unrealized gain on open contracts904,876     1,242,668
 Net option premiums                      -         230,200

 Total Trading Equity             29,805,450     27,298,669

Interest receivable (DWR)             95,979         87,895
Due from DWR                               -          40,800

 Total Assets                     29,901,429     27,427,364


LIABILITIES AND PARTNERS' CAPITAL

Liabilities

 Redemptions payable                  641,552         779,025
 Accrued management fees               74,689          68,410
 Accrued administrative expenses        12,168        21,908
 Accrued brokerage commissions (DWR)    11,376         26,388
 Accrued transaction fees and costs          897          1,702

 Total Liabilities                     740,682        897,433

Partners' Capital

 Limited Partners (32,887.374 and
  35,992.609 Units, respectively)   28,127,989    25,668,776
 General Partner (1,207.506 Units)  1,032,758         861,155

 Total Partners' Capital           29,160,747      26,529,931

 Total Liabilities and Partners' Capital29,901,429 27,427,364



NET ASSET VALUE PER UNIT              855.28           713.17


<FN>
        The accompanying footnotes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
<TABLE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
                    STATEMENTS OF OPERATIONS
                           (Unaudited)



<CAPTION>


                                For the Quarters Ended June 30,

                                       1997            1996
                                        $            $
REVENUES
<S>                        <C>               <C>
 Trading profit (loss):
    Realized                    (758,374)       844,154
    Net change in unrealized     992,899      1,315,536

      Total Trading Results      234,525       2,159,690

 Interest Income (DWR)           310,129        299,628

      Total Revenues             544,654        2,459,318

EXPENSES

 Brokerage commissions (DWR)     241,038        307,269
 Management fees                 225,665        227,397
 Transaction fees and costs       19,802           18,295
 Administrative expenses          18,808          18,980

    Total Expenses                505,313         571,941

NET INCOME                         39,341     1,887,377


NET INCOME ALLOCATION

  Limited Partners                 38,035      1,837,323
  General Partner                   1,306         50,054

NET INCOME PER UNIT

                         Limited                         Partners
1.08                                        41.45
                          General                         Partner
1.08                                        41.45



<FN>

        The accompanying footnotes are an integral part
                 of these financial statements.
</TABLE>

<PAGE>
<TABLE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
                    STATEMENTS OF OPERATIONS
                           (Unaudited)


<CAPTION>



                                For the Six Months Ended June 30,

                                       1997            1996
                                        $            $
REVENUES
<S>                       <C>                <C>
 Trading profit (loss):
    Realized                    6,467,810       962,658
    Net change in unrealized     (337,792)    1,783,837

      Total Trading Results     6,130,018      2,746,495

 Interest Income (DWR)            614,400       604,932

      Total Revenues            6,744,418       3,351,427

EXPENSES

 Incentive fees                   489,505            -
 Brokerage commissions (DWR)      476,898       588,381
 Management fees                  457,329       462,364
 Administrative expenses           37,436        38,831
 Transaction fees and costs        35,022          36,707

    Total Expenses              1,496,190       1,126,283

NET INCOME                      5,248,228     2,225,144


NET INCOME ALLOCATION

                         Limited                         Partners
5,076,625                                   2,167,726
                          General                         Partner
171,603                                          57,418

NET INCOME PER UNIT

                         Limited                         Partners
142.11                            47.55
                          General                         Partner
142.11                                            47.55


<FN>

        The accompanying footnotes are an integral part
                 of these financial statements.

</TABLE>

<PAGE>
<TABLE>
                                
              DEAN WITTER WORLD CURRENCY FUND L.P.
           STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
        For the Six Months Ended June 30, 1997 and 1996
                          (Unaudited)


<CAPTION>


                          Units of
                        Partnership Limited   General
                          Interest   Partners Partner    Total
<S>                              <C>                          <C>
<C>                     <C>
Partners' Capital,
 December 31, 1995    48,308.363           $29,734,237           $762,285
$30,496,522

Net Income                  -              2,167,726             57,418
2,225,144

Redemptions          (5,206.503)             (3,462,414)                     -
(3,462,414)

Partners' Capital,
 June 30, 1996       43,101.860            $28,439,549           $819,703
$29,259,252




Partners' Capital,
 December 31, 1996   37,200.115            $25,668,776           $861,155
$26,529,931

Net Income                                 5,076,625             171,603
5,248,228

Redemptions           (3,105.235)          (2,617,412)                          -
(2,617,412)

Partners' Capital,
 June 30, 1997       34,094.880            $28,127,989           $1,032,758
$29,160,747




<FN>




         The accompanying footnotes are an integral part
                 of these financial statements.


</TABLE>




<PAGE>
 <TABLE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
                    STATEMENTS OF CASH FLOWS
                           (Unaudited)



<CAPTION>
                                For the Six Months Ended June 30,

                                       1997            1996
                                        $            $
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                        <C>                           <C>
Net            income                                   5,248,228
2,225,144
Noncash item included in net income:
      Net  change  in  unrealized         337,792               (
1,783,837)

(Increase)decrease in operating assets:
    Interest receivable (DWR)         (8,084)            14,872
    Receivable from DWR              40,800              -
      Net  option  premiums              230,200         (530,187)

Increase (decrease) in operating liabilities:
    Accrued management fees           6,279              (3,718)
    Accrued administrative expenses  (9,740)             (65,738)
    Accrued brokerage commissions (DWR)(15,012)          4,176
    Accrued transaction fees and costs         (805)          209

Net  cash  provided  by (used for) operating  activities5,829,658
(139,079)


CASH FLOWS FROM FINANCING ACTIVITIES

   Decrease  in  redemptions  payable     (137,473)           (246,378)
   Redemption  of  units               (2,617,412)            (3,462,414)

Net  cash  used  for  financing  activities(2,754,885)          (3,708,792)


Net  increase  (decrease)  in  cash    3,074,773                (3,847,871)

Balance  at  beginning  of  period    25,825,801                31,916,332

Balance  at  end  of  period          28,900,574                28,068,461


<FN>

        The accompanying footnotes are an integral part
                 of these financial statements.

</TABLE>



<PAGE>
              DEAN WITTER WORLD CURRENCY FUND L.P.

                  NOTES TO FINANCIAL STATEMENTS

                           (UNAUDITED)



The  financial statements include, in the opinion of  management,

all  adjustments necessary for a fair presentation of the results

of  operations and financial condition.  The financial statements

and condensed notes herein should be read in conjunction with the

Partnership's December 31, 1996 Annual Report on Form 10K.


1. Organization

Dean  Witter  World Currency Fund L.P. (the "Partnership")  is  a

limited  partnership  organized  to  engage  in  the  speculative

trading   of  commodity  futures  contracts,  commodity   options

contracts   and   forward   contracts   on   foreign   currencies

(collectively, "futures interests").  The general partner for the

Partnership  is Demeter Management Corporation ("Demeter").   The

commodity  broker  is Dean Witter Reynolds  Inc.  ("DWR").   Both

Demeter  and DWR are wholly owned subsidiaries of Morgan Stanley,

Dean Witter, Discover & Co. ("MSDWD").  Demeter has retained John

W.   Henry  &  Company,  Inc.  ("JWH")  and  Millburn  Ridgefield

Corporation as the trading advisors of the Partnership.



2.  Related Party Transactions

The  Partnership's  cash  is on deposit  with  DWR  in  commodity

trading accounts to meet margin requirements as needed.  DWR pays

interest  on  these funds based on current 13-week U.S.  Treasury

Bill  rates.  Brokerage expenses incurred by the Partnership  are

paid to DWR.

                                
<PAGE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                



3.  Financial Instruments

The  Partnership  trades  futures contracts,  forward  contracts,

options   on   futures  contracts  and  related  instruments   in

currencies.  Futures and forwards represent contracts for delayed

delivery  of  an instrument at a specified date and price.   Risk

arises  from  changes  in the value of these  contracts  and  the

potential inability of counterparties to perform under the  terms

of   the  contracts.   There  are  numerous  factors  which   may

significantly  influence  the market value  of  these  contracts,

including  interest  rate  volatility.   At  June  30,  1997  and

December 31, 1996, open contracts were:

                                 Contract or Notional Amount
                              June 30, 1997   December 31, 1996
                                    $                  $
Exchange-Traded Contracts
 Financial Futures:
   Commitments to Purchase      18,621,000         8,348,000
   Commitments to Sell          10,750,000        64,040,000
Off-Exchange-Traded
 Forward Currency Contracts
   Commitments to Purchase      65,487,000       111,517,000
   Commitments to Sell          71,459,000       131,009,000


A  portion of the amounts indicated as off-balance-sheet risk  in

forward   currency   contracts  is  due  to  offsetting   forward

commitments to purchase and to sell the same currency on the same

date   in   the   future.   These  commitments  are  economically

offsetting,  but are not offset in the forward market  until  the

settlement date.

                                
                                
<PAGE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)
                                
                                
                                
The  net  unrealized gains on open contracts are  reported  as  a

component  of  "Equity in Commodity futures trading accounts"  on

the  Statements of Financial Condition and totaled  $904,876  and

$1,242,668  at June 30, 1997 and December 31, 1996, respectively.

Of the $904,876 net unrealized gain on open contracts at June 30,

1997,  $284,072 related to exchange-traded futures contracts  and

$620,804  related  to off-exchange-traded forward  currency  con-

tracts.   Of the $1,242,668 net unrealized gain on open contracts

at  December  31,  1996,  $1,289,462 related  to  exchange-traded

futures  contracts  and $(46,794) related to  off-exchange-traded

forward currency contracts.



Exchange-traded futures contracts held by the Partnership at June

30,  1997 and December 31, 1996 mature through September 1997 and

March  1997, respectively.  Off-exchange-traded forward  currency

contracts  held by the Partnership at June 30, 1997 and  December

31,  1996  mature through September 1997 and March 1997,  respec-

tively.   The  contract amounts in the above table represent  the

Partnership's  extent of involvement in the particular  class  of

financial  instrument, but not the credit  risk  associated  with

counterparty  nonperformance.  The credit  risk  associated  with

these  instruments  is limited to the amounts  reflected  in  the

Partnership's Statements of Financial Condition.





                                
<PAGE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)




The  Partnership  also has credit risk because DWR  acts  as  the

futures  commission  merchant  or  the  sole  counterparty,  with

respect  to  most  of the Partnership's assets.   Exchange-traded

futures  and options contracts are marked to market  on  a  daily

basis,  with variations in value settled on a daily basis.   DWR,

as  the  futures commission merchant for all of the Partnership's

exchange-traded  futures  and  options  contracts,  is   required

pursuant   to  regulations  of  the  Commodity  Futures   Trading

Commission ("CFTC") to segregate from its own assets and for  the

sole  benefit of its commodity customers, all funds held  by  DWR

with  respect  to  exchange-traded futures and options  contracts

including an amount equal to the net unrealized gains on all open

futures   contracts,   which  funds   totaled   $29,184,646   and

$27,115,263 at June 30, 1997 and December 31, 1996, respectively.

With  respect  to  the Partnership's off-exchange-traded  forward

currency  contracts, there are no daily settlements of variations

in value nor is there any requirement that an amount equal to the

net  unrealized  gain  on open forward contracts  be  segregated.

With   respect  to  those  off-exchange-traded  forward  currency

contracts, the Partnership is at risk to the ability of DWR,  the

counterparty on all of such contracts, to perform.



For  the  six  months  ended June 30, 1997  and  the  year  ended

December   31,   1996,  the  average  fair  value  of   financial

instruments held for trading purposes was as follows:

<PAGE>
              DEAN WITTER WORLD CURRENCY FUND L.P.
           NOTES TO FINANCIAL STATEMENTS - (CONCLUDED)



                                            June 30, 1997
                                       Assets        Liabilities
                                         $                $

Exchange-Traded Contracts
  Futures Contracts                    9,802,000      28,459,000
Off-Exchange-Traded Forward
 Currency Contracts                  105,168,000     121,876,000


                                            December 31, 1996
                                       Assets         Liabilities
                                         $                 $

Exchange-Traded Contracts
  Futures Contracts                   11,267,000      36,511,000
  Options on Financial Futures        31,535,000               -
Off-Exchange-Traded Forward
 Currency Contracts                  150,360,000     162,534,000



4.  Subsequent Event

On  July  31,  1997,  DWR closed the sale  of  its  institutional

futures business and foreign currency trading operations to  Carr

Futures

Inc.   ("Carr"),  a  subsidiary  of  Credit  Agricole   Indosuez.

Following  the  sale,  Carr  became  the  counterparty   on   the

Partnership's  foreign  currency  trades.   However,   during   a

transition  period of about three months, DWR  will  continue  to

perform  certain  services relating to the Partnership's  futures

trading  including clearance.  After such transition period,  DWR

will  continue  to serve as a futures broker for the  Partnership

Carr   providing   execution  and  clearing  services   for   the

Partnership's account.



<PAGE>

Item   2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL
CONDITION AND RESULTS OF OPERATIONS


Liquidity  - The Partnership's assets are on deposit  in  futures

interest  trading  accounts  with  DWR  and  are  used   by   the

Partnership as margin to engage in futures interest trading.  DWR

holds  such  assets  in  either  designated  depositories  or  in

securities approved by the CFTC for investment of customer funds.

The Partnership's assets held by DWR may be used as margin solely

for  the  Partnership's  trading.  Since the  Partnership's  sole

purpose is to trade in futures interests, it is expected that the

Partnership  will continue to own such liquid assets  for  margin

purposes.



The  Partnership's investment in futures interest may, from  time

to time, be illiquid.  Most United States futures exchanges limit

fluctuations in certain futures interest prices during  a  single

day  by  regulations  referred to as  "daily  price  fluctuations

limits" or "daily limits".  Pursuant to such regulations,  during

a  single trading day no trades may be executed at prices  beyond

the  daily limit.  If the price of a particular futures  interest

has  increased  or  decreased by an amount equal  to  the  "daily

limit",  positions in such futures interest can neither be  taken

nor liquidated unless traders are willing to effect trades at  or

within  the  limit.   Futures interest prices  have  occasionally

moved the daily limit for several consecutive days with little or

no trading.  Such market conditions could prevent the Partnership

from  promptly  liquidating its futures interests and  result  in

restrictions on redemptions.  However, since the commencement of

<PAGE>

trading  by  the Partnership, there has never been  a  time  when

illiquidity  has affected a material portion of the Partnership's

assets.

                                

There  is  no limitation on daily price moves in trading  forward

contracts  on  foreign currencies.  The markets  for  some  world

currencies  have low trading volume and are illiquid,  which  may

prevent  the  Partnership from trading in potentially  profitable

markets  or  prevent  the Partnership from  promptly  liquidating

unfavorable  positions  in  such markets  and  subjecting  it  to

substantial  losses.   Either of these  market  conditions  could

result in restrictions on redemptions.



Capital  Resources. The Partnership does not have,  nor  does  it

expect  to  have, any capital assets.  Redemptions and  sales  of

additional  Units of Limited Partnership Interest in  the  future

will  affect  the  amount of funds available for  investments  in

futures interests in subsequent periods.  As redemptions  are  at

the  discretion  of  Limited Partners,  it  is  not  possible  to

estimate   the  amount  and  therefore  the  impact   of   future

redemptions.

                                

Results of Operations

For the Quarter and Six Months Ended June 30, 1997

For  the  quarter  ended June 30, 1997, the  Partnership's  total

trading revenues including interest income were $544,654.  During

the  second  quarter, the Partnership posted an increase  in  Net

Asset Value per Unit.  The most significant trading gains were

<PAGE>

recorded during April from short positions in the Japanese yen as

the  value of the U.S. dollar continued to strengthen versus  the

yen.   Additional gains were recorded in the Japanese yen  during

June  as  long  positions  profited from  an  increase  in  value

relative  to  the U.S. dollar.  Trading gains were also  recorded

during  these same months from transactions involving the  German

mark.   Profits were recorded from long positions in the  British

pound  as its value increased versus the U.S. dollar during June.

Smaller  gains  were  recorded from  transactions  involving  the

Spanish peseta during June.  A portion of these gains was  offset

by  losses recorded from trading the Swiss franc during  June  as

its  value  moved  in  a  choppy pattern.   Smaller  losses  were

experienced from short positions in the Singapore dollar  as  its

value  moved  higher relative to the U.S. dollar during  May  and

June.   Total  expenses for the quarter were $505,313  generating

net  income of $39,341.  The value of an individual Unit  in  the

Partnership increased from $854.20 at March 31, 1997  to  $855.28

at June 30, 1997.

                                

For  the six months ended June 30, 1997, the Partnership's  total

trading  revenues  including  interest  income  were  $6,744,418.

During  the first six months, the Partnership posted an  increase

in  Net Asset Value per Unit.  The most significant trading gains

were  recorded during January and February as a strengthening  in

the  value  of  the  U.S. dollar relative  to  most  other  major

currencies   emerged.   Additional  gains  were   recorded   from

transactions  involving the Japanese yen and German  mark  during

April  and  June.  Smaller profits were  experienced  from  short

positions in the

<PAGE>

Singapore  dollar as its value decreased versus the  U.S.  dollar

during the first four months of the year.  A small portion of the

Partnership's  overall gains was offset by losses  recorded  from

long  positions in the British pound during January as its  value

reversed lower after previously trending higher.  Smaller  losses

were  experienced  from  transactions  involving  the  Australian

dollar during February, March and April as its value moved  in  a

trendless pattern.  Total expenses for the period were $1,496,190

resulting  in  net  income  of  $5,248,228.   The  value  of   an

individual  Unit  in the Partnership increased  from  $713.17  at

December 31, 1996 to $855.28 at June 30, 1997.



For the Quarter and Six Months Ended June 30, 1996

For  the  quarter  ended June 30, 1996, the  Partnership's  total

trading  revenues  including  interest  income  were  $2,459,318.

During the second quarter, the Partnership posted an increase  in

Net  Asset  Value per Unit.  The most significant  trading  gains

were  recorded  in this currency-only Fund during  April  as  the

value  of the German mark and Swiss franc moved lower versus  the

U.S.  dollar and other world currencies.  As a result, gains were

recorded from short German mark and Swiss franc positions.  Short

Swiss  franc positions also profited during May and June  as  its

value continued to move lower versus the U.S. dollar.  Additional

gains were recorded during June from short Japanese yen positions

as  the value of the yen moved lower relative to the U.S. dollar.

Smaller gains were recorded from long British pound positions  as

the value

                                

<PAGE>

of  the  British  pound moved higher during May  and  from  short

French  franc  positions as its value moved lower  during  April.

Trading  gains  recorded  from long Australian  dollar  positions

during  April  and May were partially offset by  losses  recorded

during June as the value of the Australian dollar lost its upward

momentum.   Losses recorded in the Japanese yen during April,  as

the value of the yen moved higher versus the U.S. dollar late  in

the  month, and during May, as its value then moved lower, offset

a  portion  of overall gains recorded during the quarter.   Total

expenses  for the quarter were $571,941, resulting in net  income

of   $1,887,377.   The  value  of  an  individual  Unit  in   the

Partnership increased from $637.39 at March 31, 1996  to  $678.84

at June 30, 1996.



For  the six months ended June 30, 1996, the Partnership's  total

trading  revenues  including  interest  income  were  $3,351,427.

During  the  first  half of the year, the partnership  posted  an

increase  in  Net  Asset Value per Unit.   The  most  significant

trading  gains were recorded from short Swiss franc positions  as

the  value of the Swiss franc moved lower versus the U.S.  dollar

during  January  and  throughout the second quarter.   Additional

gains were recorded from long Australian dollar positions as  its

value  moved  higher  relative to other world currencies  between

late  February and early May.  Profits were also recorded  during

January and April from transactions involving the German mark and

during  January and May from transactions involving  the  British

pound.   Losses recorded from transactions involving the Japanese

yen during April and May offset gains recorded in the yen during

<PAGE>

January,  March  and June.  Losses recorded in most  major  world

currencies  during February, due to sharp reversal  and  volatile

price  movement, also offset a portion of the gains  recorded  in

the  first half of the year.  Total expenses for the period  were

$1,126,283, resulting in net income of $2,225,144.  The value  of

an  individual Unit in the partnership increased from $631.29  at

December 31, 1995 to $678.84 at June 30, 1996.










































<PAGE>

                   PART II.  OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

On  September 6, 10, and 20, 1996, and on March 13, 1997, similar

purported class actions were filed in the Superior Court  of  the

State  of  California, County of Los Angeles, on  behalf  of  all

purchasers  of  interests in limited partnership commodity  pools

sold  by DWR.  Named defendants include DWR, Demeter, Dean Witter

Futures  &  Currency Management, Inc., MSDWD  (all  such  parties

referred  to  hereafter  as  the  "Dean  Witter  Parties"),   the

Partnership, certain other limited partnership commodity pools of

which  Demeter  is  the  general  partner,  and  certain  trading

advisors  (including JWH) to those pools.  On June 16, 1997,  the

plaintiffs  in  the  above actions filed a  consolidated  amended

complaint.   Similar purported class actions were also  filed  on

September  18 and 20, 1996 in the Supreme Court of the  State  of

New  York,  New  York County, and on November  14,  1996  in  the

Superior  Court  of  the State of Delaware,  New  Castle  County,

against  the  Dean  Witter Parties and certain  trading  advisors

(including  JWH)  on  behalf of all purchasers  of  interests  in

various  limited  partnership  commodity  pools,  including   the

Partnership,  sold  by DWR.  Generally, these complaints  allege,

among  other things, that the defendants committed fraud, deceit,

misrepresentation,  breach  of  fiduciary  duty,  fraudulent  and

unfair  business practices, unjust enrichment, and conversion  in

connection  with  the sale and operation of the  various  limited

partnership  commodity  pools.  The complaints  seek  unspecified

amounts  of  compensatory and punitive damages and other  relief.

It is possible that additional

<PAGE>

similar  actions  may be filed and that, in the course  of  these

actions,  other parties could be added as defendants.   The  Dean

Witter  Parties believe that they and the Partnership have strong

defenses  to,  and  they  and  the  Partnership  will  vigorously

contest,  the  actions.  Although the ultimate outcome  of  legal

proceedings cannot be predicted with certainty, it is the opinion

of  management of the Dean Witter Parties that the resolution  of

the  actions  will  not  have a material adverse  effect  on  the

financial  condition or the results of operations of any  of  the

Dean Witter Parties or the Partnership.



Item 5.  OTHER INFORMATION

On  July  21,  1997,  MSDWD,  the sole  shareholder  of  Demeter,

appointed  a  new  Board of Directors consisting  of  Richard  M.

DeMartini, Mark J. Hawley, Lawrence Volpe, Joseph G. Siniscalchi,

Edward C. Oelsner III, and Robert E. Murray.






















                                

<PAGE>
                                




Item 6.   Exhibits and Reports on Form 8-K

          (A)  Exhibits - None.


          (B)  Reports on Form 8-K. - None.













































<PAGE>


                           SIGNATURE



Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the Registrant has duly caused this report to be signed  on
its behalf by the undersigned, thereunto duly authorized.




                                Dean  Witter World Currency  Fund
L.P. (Registrant)

                               By: Demeter Management Corporation
                                  (General Partner)

August   12,  1997                 By:   /s/  Patti   L.   Behnke
Patti L. Behnke
                                        Chief Financial Officer




The  General  Partner which signed the above is  the  only  party
authorized  to  act  for the Registrant.  The Registrant  has  no
principal   executive  officer,  principal   financial   officer,
controller, or principal accounting officer and has no  Board  of
Directors.