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 March 31, 1998 or


[  ]   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

                         March 31, 1998


<CAPTION>

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

     Statements of Financial Condition March 31, 1998
     (Unaudited) and December 31, 1997.........................2

     Statements of Operations for the Quarters Ended
     March 31, 1998 and 1997(Unaudited)....................... 3

     Statements of Changes in Partners' Capital for the
        Quarters Ended March 31, 1998 and 1997
     (Unaudited)...............................................4

     Statements of Cash Flows for the Quarters Ended
     March 31, 1998 and 1997(Unaudited)....................... 5

        Notes to Financial Statements (Unaudited)..............6-
     10


Item 2. Management's Discussion and Analysis of

Financial Condition and Results of Operations......11-14


Part II. OTHER INFORMATION


Item 1. Legal Proceedings..................................15-16

Item 6. Exhibits and Reports on Form 8-K..................... 17




</TABLE>










<PAGE>
<TABLE>

                 PART I.  FINANCIAL INFORMATION
                  ITEM 1.  FINANCIAL STAEMENTS

              DEAN WITTER WORLD CURRENCY FUND L.P.
               STATEMENTS OF FINANCIAL CONDITION

<CAPTION>

                                     March 31,     December 31,
                                        1998           1997
                                         $              $
                                    (Unaudited)
ASSETS
<S>                               <C>             <C>
Equity in Commodity futures trading accounts:
 Cash                             29,030,547     31,327,827
 Net unrealized gain on open contracts1,254,456     775,529
 Net option premiums                 286,550           49,687

 Total Trading Equity             30,571,553     32,153,043

Interest receivable (DWR)            101,827        106,973

 Total Assets                     30,673,380     32,260,016

LIABILITIES AND PARTNERS' CAPITAL

Liabilities

 Redemptions payable                526,343           305,335
 Accrued management fees             76,636            80,650
 Accrued administrative expenses     18,856              -

 Total Liabilities                  621,835           385,985

Partners' Capital

 Limited Partners (29,590.040 and
    30,865.833 Units, respectively)28,873,288     30,674,029
 General Partner (1,207.506 Units)    1,178,257     1,200,002

 Total Partners' Capital          30,051,545       31,874,031

  Total  Liabilities and Partners' Capital    30,673,380     32,2

60,016



NET ASSET VALUE PER UNIT             975.78              993.79


<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 March 31,

                                       1998            1997
                                        $            $
REVENUES
<S>                        <C>               <C>
 Trading profit (loss):
    Realized                    (908,319)     7,226,184
    Net change in unrealized     478,927      (1,330,691)

      Total Trading Results     (429,392)      5,895,493

 Interest Income (DWR)           306,582         304,271

      Total Revenues            (122,810)       6,199,764

EXPENSES

          Management         fees                         228,049
231,664
 Brokerage commissions (DWR)     218,758        235,860
 Administrative expenses          18,861         18,628
 Transaction fees and costs       11,716           15,220
 Incentive fees                   -             489,505

    Total Expenses               477,384          990,877

NET INCOME (LOSS)               (600,194)     5,208,887


NET INCOME (LOSS) ALLOCATION

                         Limited                         Partners
(578,449)                                     5,038,590
                          General                         Partner
(21,745)                                        170,297

NET INCOME (LOSS) PER UNIT

                         Limited                         Partners
(18.01)                                          141.03
                          General                         Partner
(18.01)                                     141.03

<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 Quarters Ended March 31, 1998 and 1997
                          (Unaudited)



<CAPTION>

                          Units of
                        Partnership Limited   General
                          Interest   Partners Partner    Total
<S>                            <C>                            <C>
<C>                    <C>
Partners' Capital,
 December 31, 1996    37,200.115           $25,668,776           $861,155
$26,529,931

Net Income             -                   5,038,590             170,297
5,208,887

Redemptions          (1,617.738)             (1,344,340)                 -
(1,344,340)

Partners' Capital,
 March 31, 1997       35,582.377           $29,363,026           $1,031,452
$30,394,478




Partners' Capital,
 December 31, 1997    32,073.339           $30,674,029           $1,200,002
$31,874,031

Net Loss                -                  (578,449)    (21,745)      (600,194)

Redemptions           (1,275.793)             (1,222,292)                  -
(1,222,292)

Partners' Capital,
 March 31, 1998      30,797.546              $28,873,288           $1,178,257
$30,051,545






<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 Quarters Ended March 31,

                                       1998           1997
                                        $            $
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                           <C>                        <C>
Net        income        (loss)                         (600,194)
5,208,887
Noncash item included in net income (loss):
      Net  change  in  unrealized        (478,927)              1
,330,691

(Increase)decrease in operating assets:
    Net option premiums             (236,863)            230,200
    Interest receivable (DWR)         5,146              (22,149)
    Due from DWR                      -                  40,800

Increase (decrease) in operating liabilities:
    Accrued management fees           (4,014)            8,553
    Accrued administrative expenses  18,856              18,628
    Accrued incentive fees            -                  489,472
    Accrued brokerage commissions (DWR)-                 (14,508)
       Accrued   transaction   fees   and    costs              -
(997)

Net cash provided by (used for) operating activities  (1,295,996)
7,289,577


CASH FLOWS FROM FINANCING ACTIVITIES

  Increase  (decrease)  in  redemptions  payable  221,008       (
313,465)
   Redemption  of  units               (1,222,292)              (
1,344,340)

Net  cash  used  for  financing  activities    (1,001,284)      (
1,657,805)


Net  increase  (decrease)  in  cash    (2,297,280)              5
,631,772

Balance  at  beginning  of  period     31,327,827               2
5,825,801

Balance  at  end  of  period            29,030,547              3
1,457,573

<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  of  Dean  Witter  World

Currency Fund L.P. (the "Partnership").  The financial statements

and condensed notes herein should be read in conjunction with the

Partnership's December 31, 1997 Annual Report on Form 10K.


1. Organization

Dean  Witter  World  Currency Fund L.P. is a limited  partnership

organized  to  engage  in the speculative  trading  of  commodity

futures   contracts,  commodity  options  contracts  and  forward

contracts  on  foreign currencies.  The general partner  for  the

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

non-clearing  commodity  broker  is  Dean  Witter  Reynolds  Inc.

("DWR"),   with  an  unaffiliated  broker,  Carr  Futures,   Inc.

("Carr"), providing clearing and execution services. Both Demeter

and  DWR  are  wholly-owned subsidiaries of Morgan  Stanley  Dean

Witter  &  Co. ("MSDW").  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  and  Carr  in

commodity trading accounts to meet margin requirements as needed.

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

<PAGE>

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

Treasury   Bill  rates.  Brokerage  expenses  incurred   by   the

Partnership are paid to DWR.



3.  Financial Instruments

The  Partnership  trades  commodity  futures  contracts,  options

contracts and forward contracts on foreign currencies.   Futures,

options 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 March 31, 1998 and December 31, 1997,  open

contracts were:

                              Contract or Notional Amount
                            March 31, 1998  December 31, 1997
                                    $                $

Off-Exchange-Traded
 Forward Currency Contracts
   Commitments to Purchase      51,754,000      56,832,000
   Commitments to Sell          96,913,000     114,502,000


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  gain on open contracts  is  reported  as  a

component  of  "Equity in Commodity futures trading accounts"  on

the  Statements of Financial Condition and totaled $1,254,456 and

$775,529 at March 31, 1998 and December 31, 1997, respectively.



Of  the $1,254,456 net unrealized gain on open contracts at March

31,  1998,  $120,368 related to exchange-traded futures contracts

and  $1,134,088  related to off-exchange-traded forward  currency

contracts.



Of the $775,529 net unrealized gain on open contracts at December

31,  1997, $(24,755) related to exchange-traded futures contracts

and  $800,284  related  to off-exchange-traded  forward  currency

contracts.



Off-exchange-traded  forward  currency  contracts  held  by   the

Partnership  at  March  31,  1998 and December  31,  1997  mature

through June 1998, and March 1998, respectively.



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 either DWR or  Carr

acts as the futures commission merchant or the 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

and  Carr,  as the futures commission merchants for  all  of  the

Partnership's exchange-traded futures and options contracts,  are

required pursuant to regulations of the Commodity Futures Trading

Commission ("CFTC") to segregate from their own assets,  and  for

the sole benefit of their commodity customers, all funds held  by

them   with  respect  to  exchange-traded  futures  and   options

contracts including an amount equal to the net unrealized gain on

all  open  futures  and  option contracts,  which  funds  totaled

$29,150,915  and $31,303,072 at March 31, 1998 and  December  31,

1997,  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  Carr,  the sole counterparty  on  all  of  such

contracts, to perform.  Carr's parent, Credit Agricole  Indosuez,

has guaranteed Carr's obligations to the Partnership.

                                




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




For  the quarter ended March 31, 1998 and the year ended December

31,  1997,  the average fair value of financial instruments  held

for trading purposes was as follows:

                                             March 31, 1998
                                       Assets        Liabilities
                                         $                $

Exchange-Traded Contracts
 Options on Financial Futures          5,679,000         -
Off-Exchange-Traded Forward
 Currency Contracts                  127,362,000    165,398,000


                                            December 31, 1997
                                       Assets         Liabilities
                                         $                 $
Exchange-Traded Contracts
  Financial Futures                    6,501,000      19,214,000
Off-Exchange-Traded Forward
 Currency Contracts                  130,462,000     152,556,000

























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


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

commodity  interest  trading accounts  with  DWR  and  Carr,  the

commodity  brokers, and are used by the Partnership as margin  to

engage   in  commodity  futures,  forward  contracts  and   other

commodity  interest trading.  DWR and Carr hold  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  and  Carr  may be used as margin  solely  for  the

Partnership's trading.  Since the Partnership's sole  purpose  is

to  trade  in  commodity futures contracts  and  other  commodity

interests,  it is expected that the Partnership will continue  to

own such liquid assets for margin purposes.



The  Partnership's  investment  in commodity  futures  contracts,

forward  contracts and other commodity interest may be  illiquid.

If  the  price for a futures contract for a particular  commodity

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

limit",  positions  in  the commodity can neither  be  taken  nor

liquidated  unless  traders are willing to effect  trades  at  or

within  the  limit.   Commodity futures 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 commodity futures positions.





                                

<PAGE>

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 of  additional

Units  of Limited Partnership Interest in the future will  affect

the  amount  of  funds  available for investments  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 Ended March 31, 1998

For  the  quarter  ended March 31, 1998, the Partnership's  total

trading losses net of interest income were $122,810.  During  the

first quarter, the Partnership recorded a loss in Net Asset Value

per  Unit.   The  most  significant losses were  recorded  during

January  and  February as the stability of the  Japanese  economy

remained  questionable.  As a result of this instability,  losses

were  recorded as the value of the Japanese yen moved in a short-

term  volatile pattern.  A portion of those losses was offset  by

gains recorded in March from short Japanese yen positions as the

<PAGE>

value  of  the  U.S.  dollar strengthened relative  to  the  yen.

Additional  losses  were recorded from short South  African  rand

positions  as its value moved higher relative to the U.S.  dollar

during February and the beginning of March after showing signs of

moving  lower  in  January.  Smaller losses  were  recorded  from

transactions  involving the Australian dollar and  British  pound

relative  to  the  U.S.  dollar and other  world  currencies.   A

portion  of the Partnership's overall losses was offset by  gains

recorded  during  March  from short positions  in  most  European

currencies as the value of the U.S. dollar increased relative  to

the  Swiss franc, German mark, and to a lesser extent, the French

franc  and  Spanish peseta.  Total expenses for the quarter  were

$477,384, resulting in a net loss of $600,194.  The value  of  an

individual  Unit  in the Partnership decreased  from  $993.79  at

December 31, 1997 to $975.78 at March 31, 1998.

                                

For the Quarter Ended March 31, 1997

For  the  quarter  ended March 31, 1997, the Partnership's  total

trading  revenues  including  interest  income  were  $6,199,764.

During  the first quarter, the Partnership posted an increase  in

Net  Asset  Value per Unit.  The most significant  trading  gains

were  recorded during January as a strengthening in the value  of

the  U.S. dollar relative to most major world currencies emerged.

As  a  result,  gains were recorded from short positions  in  the

Japanese  yen, German mark and both the Swiss and French  francs.

In  February, a continued upward trend in the value of  the  U.S.

dollar   resulted   in   additional  currency   gains   for   the

Partnership's short positions in most major European  currencies,

as well as in the

<PAGE>

Japanese yen and Singapore dollar.  In March, the previous upward

move  in  the value of the U.S. dollar failed to continue  versus

major  European currencies.  As a result, losses were experienced

from  short  positions in the German mark, Swiss  franc,  Italian

lira  and French franc.  A portion of these losses was offset  by

gains  recorded from short positions in the Singapore  dollar  as

its  value continued to move lower versus the U.S. dollar  during

March.   Total expenses for the period were $990,877,  generating

net income of $5,208,887.  The value of an individual Unit in the

Partnership  increased  from $713.17  at  December  31,  1996  to

$854.20 at March 31, 1997.



































<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  interest in limited partnership  commodity  pools

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

Futures  &  Currency Management Inc. ("DWFCM"),  MSDW  (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,  alleging,  among other things,  that  the  defendants

committed  fraud,  deceit,  negligent misrepresentation,  various

violations  of the California Corporations Code, intentional  and

negligent  breach  of  fiduciary  duty,  fraudulent  and   unfair

business practices, unjust enrichment, and conversion in the sale

and operation of the various limited partnership commodity pools,

including the Partnership, sold by DWR.  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 sold by

                                

                                

<PAGE>

DWR.  A  consolidated and amended complaint in the action pending

in the Supreme Court of the State of New York was filed on August

13, 1997, alleging that the defendants committed fraud, breach of

fiduciary duty, and negligent misrepresentation in the  sale  and

operation of the various limited partnership commodity pools.  On

December  16,  1997,  upon motion of the plaintiffs,  the  action

pending  in  the  Superior Court of the  State  of  Delaware  was

voluntarily  dismissed  without prejudice.  The  complaints  seek

unspecified  amounts  of compensatory and  punitive  damages  and

other relief.  It is possible that additional 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

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.

















                                

<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)

May   11,   1998                    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.