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 quarterly period ended June 30, 2000 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. 0-23826

              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, 2000
<CAPTION>

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

     Statements of Financial Condition June 30, 2000
     (Unaudited) and December 31, 1999..........................2

     Statements of Operations for the Quarters Ended
     June 30, 2000 and 1999 (Unaudited).........................3

     Statements of Operations for the Six Months Ended
     June 30, 2000 and 1999 (Unaudited).........................4

     Statements of Changes in Partners' Capital for the
        Six Months Ended June 30, 2000 and 1999
     (Unaudited)................................................5

     Statements of Cash Flows for the Six Months Ended
     June 30, 2000 and 1999 (Unaudited).........................6

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

Item 2. Management's Discussion and Analysis of

Financial Condition and Results of Operations...... 12-21

Item 3. Quantitative and Qualitative Disclosures about
        Market Risk.......................................  21-30

Part II. OTHER INFORMATION

Item 1. Legal Proceedings.................................. 31-32

Item 5. Other Information...................................32-33

Item 6. Exhibits and Reports on Form 8-K.......................33



</TABLE>





<PAGE>
<TABLE>
                 PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

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

<CAPTION>
                                       June 30,      December 31,

2000                                   1999                     $
$
                                    (Unaudited)
ASSETS
<S>                                     <C>            <C>
Equity in futures interests trading accounts:
 Cash                            16,469,645      20,485,336

   Net   unrealized   loss   on  open  contracts   (MS   &   Co.)
(184,200)                                    -
 Net unrealized gain (loss) on open contracts (Carr)    (254,794)
149,925

  Total net unrealized gain (loss) on open contracts    (438,994)
149,925

      Total Trading Equity       16,030,651      20,635,261

Interest receivable (DWR)      62,279                    74,011
Due from DWR                            1,436      _______-__

      Total Assets               16,094,366      20,709,272


LIABILITIES AND PARTNERS' CAPITAL

Liabilities

 Redemptions payable                307,214         381,996
 Accrued management fees             40,151           51,737
 Accrued administrative expenses        33,960           14,457

      Total Liabilities            381,325           448,190

Partners' Capital

 Limited Partners (17,360.893 and
   20,079.269 Units, respectively)15,435,198     19,950,579
 General Partner (312.506 Units)      277,843        310,503

 Total Partners' Capital         15,713,041      20,261,082

 Total Liabilities and Partners' Capital 16,094,366   20,709,272

NET ASSET VALUE PER UNIT             889.08            993.59
<FN>
          The accompanying notes 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,

                                        2000        1999
                                          $            $
REVENUES
<S>
<C>                               <C>
 Trading profit (loss):
        Realized                          (185,744)       610,805
Net change in unrealized           (597,028)    (467,693)
      Total Trading Results        (782,772)    143,112

 Interest Income (DWR)               197,819    216,449
      Total Revenues               (584,953)    359,561

EXPENSES

   Brokerage   commissions  (DWR)           160,206       235,664
Management    fees                         129,879        182,373
Administrative    expenses                  11,612         15,469
Transaction fees and costs             8,071      12,965
      Total Expenses                 309,768    446,471

NET LOSS                           (894,721)     (86,910)

NET LOSS ALLOCATION

        Limited        Partners                         (878,931)
(85,438)
 General Partner                         (15,790)  (1,472)
NET LOSS PER UNIT

                         Limited                         Partners
(50.53)                                   (4.71)
 General                                                  Partner
 (50.53)                                 (4.71)
<FN>

          The accompanying notes 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,


2000                           1999

$                                   $
REVENUES
<S>
<C>                            <C>
 Trading profit (loss):
       Realized                        (1,069,083)      1,112,347
Net change in unrealized           (588,919)      499,595
      Total Trading Results      (1,658,002)    1,611,942
 Interest Income (DWR)               411,063      437,199
      Total Revenues             (1,246,939)    2,049,141

EXPENSES

   Brokerage   commissions  (DWR)          393,357        441,070
Management    fees                        273,521         369,091
Administrative   expenses                  23,823          30,884
Transaction fees and costs            22,249       22,677
      Total Expenses                 712,950      863,722

NET INCOME (LOSS)                (1,959,889)    1,185,419

NET INCOME (LOSS) ALLOCATION

        Limited        Partners                       (1,927,229)
1,170,853                                      General    Partner
(32,660)                              14,566
NET INCOME (LOSS) PER UNIT

                         Limited                         Partners
(104.51)                                                    46.61
General                                                   Partner
(104.51)                                  46.61

<FN>

          The accompanying notes 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, 2000 and 1999
                          (Unaudited)


<CAPTION>




                          Units of
                        Partnership Limited   General
                          Interest   Partners Partner    Total



<S>
<C>                              <C>                          <C>
<C>
Partners' Capital,
 December 31, 1998    25,610.241           $24,485,689           $302,474
$24,788,163

Net                                                        Income
-                                 1,170,853          14,566  1,18
5,419

Redemptions                (2,957.432)                (2,992,101)
-                                   (2,992,101)

Partners' Capital,
 June 30, 1999         22,652.809          $22,664,441           $317,040
$22,981,481



Partners' Capital,
 December 31, 1999   20,391.775  $19,950,579        $310,503     $20,261,082

Net                                                          Loss
-                                (1,927,229)        (32,660)     (1,959,889)

Redemptions           (2,718.376)          (2,588,152)           _____-___
(2,588,152)

Partners' Capital,
 June 30, 2000         17,673.399          $15,435,198           $277,843
$15,713,041






<FN>





           The accompanying notes 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,

                                       2000           1999
                                          $             $
CASH FLOWS FROM OPERATING ACTIVITIES
<S>
<C>                                  <C>
Net   income   (loss)                  (1,959,889)              1
,185,419                                         Noncash     item
included in net income (loss):
      Net  change  in  unrealized           588,919             (
499,595)

(Increase) decrease in operating assets:
     Interest  receivable (DWR)          11,732             4,624
Due from DWR                          (1,436)            (29,076)
Increase (decrease) in operating liabilities:
     Accrued management fees          (11,586)            (4,206)
Accrued        administrative       expenses               19,503
23,244
Net  cash  provided by (used for) operating activities(1,352,757)
680,410

CASH FLOWS FROM FINANCING ACTIVITIES

 Increase (decrease) in redemptions payable(74,782)      128,594
      Redemptions      of      Units                  (2,588,152)
(2,992,101)
    Net    cash    used   for   financing   activities(2,662,934)
(2,863,507)

Net   decrease  in  cash               (4,015,691)              (
2,183,097)
Balance     at     beginning     of     period         20,485,336
26,130,701
Balance     at     end     of     period               16,469,645
23,947,604



<FN>





          The accompanying notes 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, 1999 Annual Report on Form 10-K.



1.  Organization

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

partnership  organized  to engage primarily  in  the  speculative

trading  of  commodity futures, options and forward contracts  on

foreign currencies (collectively, "futures interests").



The  general  partner for the Partnership is  Demeter  Management

Corporation  ("Demeter").  The non-clearing commodity  broker  is

Dean  Witter Reynolds Inc. ("DWR").  Morgan Stanley &  Co.,  Inc.

("MS  &  Co.")  and  Morgan Stanley & Co.  International  Limited

("MSIL") provide clearing and execution services.  Prior  to  May

2000, Carr Futures Inc. provided clearing and execution services.

Demeter, DWR, MS & Co. and MSIL are wholly-owned subsidiaries  of

Morgan  Stanley Dean Witter & Co.  John W. Henry  &  Company  and

Millburn   Ridgefield  Corporation  are  the   trading   advisors

(collectively, the "Trading Advisors") to the Partnership.

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


2.  Related Party Transactions

The Partnership's cash is on deposit with DWR, MS & Co., and MSIL

in futures interests trading accounts to meet margin requirements

as  needed. DWR pays interest on these funds based on current 13-

week  U.S.  Treasury bill rates. The Partnership  pays  brokerage

commissions to DWR.



3.  Financial Instruments

The Partnership trades futures, options and forward contracts  on

foreign 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.



In  June  1998, the Financial Accounting Standards Board ("FASB")

issued  Statement of Financial Accounting Standard  ("SFAS")  No.

133,   "Accounting   for  Derivative  Instruments   and   Hedging

Activities" effective for fiscal years beginning after  June  15,

1999.   In  June 1999, the FASB issued SFAS No. 137,  "Accounting

for  Derivative Instruments and Hedging Activities - Deferral  of

the  Effective   Date  of  SFAS  No. 133,"   which   defers   the

required

<PAGE>

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


implementation of SFAS No. 133 until fiscal years beginning after

June  15, 2000.  However, the Partnership had previously  elected

to adopt the provisions of SFAS No. 133 beginning with the fiscal

year  ended December 31, 1998.  SFAS No. 133 supersedes SFAS  No.

119  and  No.  105,  which  required the  disclosure  of  average

aggregate fair values and contract/notional values, respectively,

of  derivative financial instruments for an entity which  carries

its  assets at fair value.  The application of SFAS No. 133  does

not  have  a  significant  effect on the Partnership's  financial

statements.



The net unrealized gain (loss) on open contracts are reported  as

a  component of "Equity in futures interests trading accounts" on

the  statements of financial condition and totaled $(438,994) and

$149,925 at June 30, 2000 and December 31, 1999, respectively.



The net unrealized loss on open contracts of $438,994 at June 30,

2000 and the net unrealized gain on open contracts of $149,925 at

December 31, 1999 related to off-exchange-traded forward currency

contracts.



Off-exchange-traded  forward  currency  contracts  held  by   the

Partnership at June 30, 2000 and December 31, 1999 mature through



<PAGE>

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


September 2000 and March 2000, respectively.



The Partnership has credit risk associated with counterparty non-

performance.  The credit risk associated with the instruments  in

which  the  Partnership  is involved is limited  to  the  amounts

reflected in the Partnership's statements of financial condition.



The  Partnership also has credit risk because DWR, MS & Co.,  and

MSIL   act   as   the   futures  commission  merchants   or   the

counterparties with respect to most of the Partnership's  assets.

Exchange-traded futures and futures-styled options contracts  are

marked  to  market  on  a daily basis, with variations  in  value

settled  on  a  daily basis. DWR, MS & Co., and MSIL  each  as  a

futures commission merchant for the Partnership's exchange-traded

futures  and  futures-styled  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 futures-styled

options   contracts,  including  an  amount  equal  to  the   net

unrealized  gain  (loss) on all open futures  and  futures-styled

options   contracts,  which  funds,  in  the  aggregate,  totaled

$16,469,645  and  $20,485,336 at June 30, 2000 and  December  31,

1999, respectively.



<PAGE>

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


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  (loss)  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

MS  &  Co.,  the  sole counterparty on all of such contracts,  to

perform.  The Partnership has a netting agreement with MS  &  Co.

This agreement, which seeks to reduce both the Partnership's  and

MS  &  Co.'s  exposure  on off-exchange-traded  forward  currency

contracts,  should  materially decrease the Partnership's  credit

risk in the event of MS & Co.'s bankruptcy or insolvency.

























<PAGE>

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



Liquidity - The Partnership deposits its assets with DWR as  non-

clearing  broker  and  MS & Co. and MSIL as clearing  brokers  in

separate  futures trading accounts established for  each  Trading

Advisor,  which assets are used as margin to engage  in  trading.

The  assets are held in either non-interest-bearing bank accounts

or  in  securities  and instruments permitted  by  the  CFTC  for

investment   of  customer  segregated  or  secured  funds.    The

Partnership's assets held by the commodity brokers may be used as

margin   solely  for  the  Partnership's  trading.    Since   the

Partnership's sole purpose is to trade in futures, forwards,  and

options, it is expected that the Partnership will continue to own

such liquid assets for margin purposes.



The  Partnership's investment in futures, forwards,  and  options

may, from time to time, be illiquid.  Most U.S. futures exchanges

limit  fluctuations in prices during a single day by  regulations

referred  to  as  "daily  price fluctuations  limits"  or  "daily

limits".   Trades may not be executed at prices beyond the  daily

limit.  If the price for a particular futures or options contract

has increased or decreased by an amount equal to the daily limit,

positions  in  that futures or options contract  can  neither  be

taken





<PAGE>

nor liquidated unless traders are willing to effect trades at  or

within  the  limit.  Futures prices have occasionally  moved  the

daily  limit  for  several consecutive days  with  little  or  no

trading.   These market conditions could prevent the  Partnership

from  promptly  liquidating its futures or options contracts  and

result in restrictions on redemptions.



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,  subjecting   it   to

substantial  losses.   Either of these  market  conditions  could

result in restrictions on redemptions.



The  Partnership  has  never had illiquidity  affect  a  material

portion of its assets.



Capital  Resources. The Partnership does not have, or  expect  to

have,  any  capital assets.  Redemptions of additional  units  of

limited  partnership  interest ("Unit(s)")  in  the  future  will

affect  the  amount of funds available for investment in  futures

interests in subsequent periods.  It is not possible to  estimate

the  amount  and  therefore, the impact of future redemptions  of

Units.



<PAGE>

Results of Operations

General.   The  Partnership's  results  depend  on  its   Trading

Advisors  and  the  ability  of  the  Trading  Advisors'  trading

programs  to  take advantage of price movements or  other  profit

opportunities in the futures, forwards, and options markets.  The

following presents a summary of the Partnership's operations  for

the  quarter  and  six  months ended  June  30,  2000  and  1999,

respectively, and a general discussion of its trading  activities

during  each period.  It is important to note, however, that  the

Trading Advisors trade in various markets at different times  and

that  prior  activity in a particular market does not  mean  that

such  market  will be actively traded by the Trading Advisors  or

will  be profitable in the future.  Consequently, the results  of

operations of the Partnership are difficult to discuss other than

in  the  context of its Trading Advisors' trading  activities  on

behalf of the Partnership as a whole and how the Partnership  has

performed in the past.



For the Quarter and Six Months Ended June 30, 2000

For  the  quarter  ended June 30, 2000, the Partnership  recorded

total  trading  losses  net of interest income  of  $584,953  and

posted  a  decrease  in  Net  Asset Value  per  Unit.   The  most

significant losses of approximately 3.9% were recorded  primarily

from  long  British  pound positions as the value  of  the  pound

weakened  relative  to  the  U.S.  dollar  during  April.   Newly

established short British pound positions contributed to these

<PAGE>

losses  during the remainder of the quarter as the pound's  value

strengthened  versus the U.S. dollar following the  strengthening

euro  and on speculation that U.S. interest rates may have topped

in the medium term.  Additional losses of approximately 2.1% were

experienced from long Japanese yen positions as the value of  the

yen weakened versus the U.S. dollar amid fears of additional Bank

of Japan intervention during April and repositioning ahead of the

tankan  survey  during June.  Short euro/British pound  crossrate

positions incurred losses during May of approximately 0.8% as the

value  of  the European common currency strengthened  versus  the

British  pound amid renewed expectation of central  bank  support

for the euro.  Smaller losses of approximately 0.7% were recorded

from long Mexican peso positions as its value dropped versus  the

U.S.  dollar  during April amid losses on the Mexican  IPC  stock

index, as well as the weakness in U.S. technology issues.   Short

Australian dollar positions incurred losses of approximately 0.6%

as  its value strengthened versus the U.S. dollar during mid-June

on  higher  gold  prices  and  stronger-than-expected  Australian

economic  growth  data.  A portion of overall Partnership  losses

was  offset  by gains of approximately 1.0% recorded  from  short

positions  in  the  European common currency during  April.   The

euro's  value dropped to record lows versus the U.S.  dollar  due

primarily  to the European Central Bank's ("ECB") passive  stance

towards  its currency and increasing concern that the ECB  should

be  more aggressive in combating inflation.  Additional gains  of

approximately 1.2% resulted from short South African rand

<PAGE>

positions  during April and May as its value receded to  20-month

lows versus the U.S. dollar amid speculation that Zimbabwe was on

the   verge  of  devaluing  its  currency.   Smaller   gains   of

approximately  0.9% were recorded from short Thai baht  positions

during  May  as its value weakened versus the U.S.  dollar  on  a

slide  in  the Indonesian rupiah.  Total expenses for  the  three

months ended June 30, 2000 were $309,768, resulting in a net loss

of $894,721.  The value of a Unit decreased from $939.61 at March

31, 2000 to $889.08 at June 30, 2000.



For  the six months ended June 30, 2000, the Partnership recorded

total  trading  losses net of interest income of  $1,246,939  and

posted  a  decrease  in  Net  Asset Value  per  Unit.   The  most

significant losses of approximately 5.4% were recorded  primarily

from  transactions  involving the British  pound.   Long  British

pound positions incurred losses during January and February  amid

the  U.S.  dollar's  strength versus other major  currencies  and

interest  rate increases by the ECB and the U.S. Federal Reserve.

Newly  established short British pound positions incurred  losses

in  the  second quarter as the pound's value strengthened  versus

the  U.S.  dollar following a strengthening of the  euro  and  on

speculation that U.S. interest rates may have topped out  in  the

medium  term.   Additional  losses  of  approximately  4.6%  were

recorded from long Japanese yen positions as the value of the yen

weakened against the U.S. dollar during January following a  Bank

of Japan intervention and improving sentiment in the U.S. bond

<PAGE>

market.   The  value of the yen weakened again  versus  the  U.S.

dollar during April on additional Bank of Japan intervention  and

repositioning  ahead  of the tankan survey  during  June.   As  a

result,  losses  were experienced from long yen positions.   Long

Canadian  dollar positions also incurred losses of  approximately

1.8%  as its value weakened relative to the U.S. dollar.  Smaller

losses  of approximately 1.5% were incurred from short Australian

dollar positions as its value strengthened versus the U.S. dollar

during  mid June on higher gold prices and stronger-than-expected

Australian   economic  growth  data.   A   portion   of   overall

Partnership  losses  was offset by gains  of  approximately  4.1%

recorded  from transactions involving the euro.  Short  positions

in  the  European  common currency recorded gains  as  its  value

weakened  versus the U.S. dollar during January due to skepticism

about  Europe's  economic  outlook  and  during  quarter-end   on

expectations  that  the  ECB would hold  interest  rates  steady.

During  April, short euro positions were profitable as its  value

moved to record lows versus the U.S. dollar due primarily to  the

ECB's  passive stance towards its currency and increasing concern

that  it  should  be  more  aggressive  in  combating  inflation.

Additional  gains of approximately 1.2% were recorded from  short

South  African rand positions during April and May as  its  value

receded  to  20-month  lows relative  to  the  U.S.  dollar  amid

speculation  that  Zimbabwe was on the  verge  of  devaluing  its

currency.  Smaller gains of approximately 0.5% were recorded from

short Norwegian krone positions as its value was pushed lower

<PAGE>

versus  the  U.S.  dollar  by the euro's weakness  during  April.

Total  expenses  for  the six months ended  June  30,  2000  were

$712,950, resulting in a net loss of $1,959,889.  The value of  a

Unit  decreased from $993.59 at December 31, 1999 to  $889.08  at

June 30, 2000.



For the Quarter and Six Months Ended June 30, 1999

For  the  quarter  ended June 30, 1999, the Partnership  recorded

total trading revenues including interest income of $359,561 and,

after  expenses, posted a decrease in Net Asset Value  per  Unit.

The   most   significant  net  trading  losses  were  experienced

primarily  from trading in Japanese yen.  Losses of approximately

3.1%  resulted primarily from short Japanese yen positions versus

the  U.S.  dollar  during  mid June  as  the  value  of  the  yen

strengthened  temporarily  on reports  of  stronger-than-expected

gross  domestic product data from Japan, reports that U.S. assets

had  declined on inflationary jitters and expectations of a  U.S.

interest   rate  hike.   Newly  established  long  yen  positions

contributed to these losses later in the month as the yen's value

weakened  versus  the  U.S.  dollar  after  the  Bank  of   Japan

intervened  to prevent a rise in the yen in an effort  to  assist

economic  recovery in Japan.  Additional losses of  approximately

1.7%  were recorded from short positions in the Singapore  dollar

as  the value of most Far Eastern currencies rallied during April

amid increased optimism regarding the potential for economic



<PAGE>

recovery  in  that region and during June due to the  short-lived

strength  in  the Japanese yen.  Smaller losses of  approximately

1.6% were incurred from long British pound positions as the value

of  the  pound  receded primarily during May after  the  Bank  of

England  stated  that it might cut interest  rates  to  stem  any

undesirable  appreciation  of  the  pound  during  June  as  U.K.

inflation  reached a six-year low.  These losses  were  partially

offset  by  gains  of  approximately 7.6%  primarily  from  short

positions  in  the  euro and Swiss franc as the  value  of  these

European  currencies  weakened steadily versus  the  U.S.  dollar

during  April due to the lack of economic growth in the  European

community,  the  ongoing military conflict in Kosovo  and  strong

economic  data  out  of the U.S.  During June,  the  U.S.  dollar

strengthened  relative  to these European currencies  after  tame

U.S.  inflation  data  eased fears that the Federal  Reserve  was

about  to  embark on a series of rate hikes.  Total expenses  for

the three months ended June 30, 1999 were $446,471, resulting  in

a  net  loss  of  $86,910.  The value of a  Unit  decreased  from

$1,019.22 at March 31, 1999 to $1,014.51 at June 30, 1999.



For  the six months ended June 30, 1999, the Partnership recorded

total  trading  revenues including interest income of  $2,049,141

and  posted  an  increase in Net Asset Value per Unit.  The  most

significant gains of approximately 14.0% were recorded throughout

a  majority of the first half of the year from short positions in

the euro as the value of the European common currency declined

<PAGE>

relative  to the U.S. dollar on the strength of the U.S. economy,

concerns  pertaining to the economic health of Europe  and  Japan

and  growing uncertainty about the military action in Yugoslavia.

Additional  gains of approximately 4.5% were recorded from  short

Swiss  franc positions as the value of the U.S. dollar  increased

versus  the  franc  during March and April as investors  reasoned

that the U.S. is the safest place to invest during the crisis  in

Kosovo.    These  gains  were  partially  offset  by  losses   of

approximately 8.7% from trading in the Japanese yen.  Losses were

experienced  primarily  during January  and  February  from  long

Japanese  yen positions as the value of the yen fell  to  a  2  1/2

month  low  versus  the  U.S.  dollar  after  several  key  Tokyo

officials  suggested that Japanese policy makers  were  satisfied

with  a  weaker  yen.  Additional losses were experienced  during

March from newly established short Japanese yen positions as  the

value  of  the  yen  increased relative to the U.S.  dollar  amid

positive  investor  reaction to the Bank of Japan's  decision  to

leave  the official discount rate unchanged.  Short Japanese  yen

positions were also unprofitable during June as the value of  the

yen temporarily strengthened versus the U.S. dollar on reports of

stronger-than-expected gross domestic product  data  from  Japan.

Newly  established long Japanese yen positions during  June  were

also  unprofitable  as the value of the yen weakened  versus  the

U.S.  dollar after the Bank of Japan intervened to prevent a rise

in  the  yen.   Additional  losses  of  approximately  2.8%  were

recorded primarily during late March from long British pound

<PAGE>

positions  as the value of the pound retreated when a  member  of

the  Bank  of  England's Monetary Policy committee said  that  he

confidently  expected Britain to switch from  the  pound  to  the

European  Union's  single currency, the euro. Smaller  losses  of

approximately  2.6% were recorded primarily during  January  from

short  Norwegian krone positions as its value strengthened versus

the U.S. dollar due to stable oil prices and the possibility that

this  Scandinavian currency could be linked to the euro  sometime

in  the future.  During March, losses were experienced from short

Norwegian  krone positions as its value strengthened  versus  the

U.S.  dollar  in  reaction to the rally  in  oil  prices.   Total

expenses  for  the six months ended June 30, 1999 were  $863,722,

resulting  in  net income of $1,185,419.  The  value  of  a  Unit

increased from $967.90 at December 31, 1998 to $1,014.51 at  June

30, 1999.



Item  3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES  ABOUT  MARKET
RISK

Introduction

The  Partnership is a commodity pool involved in the  speculative

trading  of  futures interests.  The market-sensitive instruments

held  by  the  Partnership are acquired for  speculative  trading

purposes only and, as a result, all or substantially all  of  the

Partnership's  assets  are at risk of trading  loss.   Unlike  an

operating  company, the risk of market-sensitive  instruments  is

central,  not  incidental,  to  the Partnership's  main  business

activities.

<PAGE>

The  futures interests traded by the Partnership involve  varying

degrees  of  market  risk.  Market risk is often  dependent  upon

changes  in  the level or volatility of interest rates,  exchange

rates,  and  prices  of  financial instruments  and  commodities.

Fluctuations  in market risk based upon these factors  result  in

frequent  changes  in  the fair value of the  Partnership's  open

positions, and, consequently, in its earnings and cash flow.



The  Partnership's  total market risk is  influenced  by  a  wide

variety  of  factors,  including the  diversification  among  the

Partnership's open positions, the volatility present  within  the

markets,  and the liquidity of the markets.  At different  times,

each  of these factors may act to increase or decrease the market

risk associated with the Partnership.



The  Partnership's past performance is not necessarily indicative

of  its  future results. Any attempt to numerically quantify  the

Partnership's  market risk is limited by the uncertainty  of  its

speculative  trading.  The Partnership's speculative trading  may

cause future losses and volatility (i.e. "risk of ruin") that far

exceed  the  Partnership's experiences to date or any  reasonable

expectations based upon historical changes in market value.



Quantifying the Partnership's Trading Value at Risk

The  following  quantitative disclosures regarding  the  Partner-

ship's market risk exposures contain "forward-looking statements"

<PAGE>

within  the  meaning  of  the safe harbor  from  civil  liability

provided for such statements by the Private Securities Litigation

Reform  Act  of 1995 (set forth in Section 27A of the  Securities

Act  of  1933 and Section 21E of the Securities Exchange  Act  of

1934).   All quantitative disclosures in this section are  deemed

to be forward-looking statements for purposes of the safe harbor,

except for statements of historical fact.



The  Partnership accounts for open positions using mark-to-market

accounting  principles.   Any loss in the  market  value  of  the

Partnership's  open  positions  is  directly  reflected  in   the

Partnership's earnings, whether realized or unrealized,  and  its

cash  flow.   Profits and losses on open positions  of  exchange-

traded  futures  interests are settled  daily  through  variation

margin.



The  Partnership's risk exposure in the market sectors traded  by

the Trading Advisors is estimated below in terms of Value at Risk

("VaR"). The VaR model employed by the Partnership includes  many

variables that could change the market value of the Partnership's

trading  portfolio.  The Partnership estimates VaR using a  model

based  on historical simulation with a confidence level  of  99%.

Historical  simulation involves constructing  a  distribution  of

hypothetical  daily changes in the value of a trading  portfolio.

The  VaR  model takes into account linear exposures to price  and

interest rate risk.  Market risks that are incorporated in the

<PAGE>

VaR  model  include equity and commodity prices, interest  rates,

foreign  exchange  rates, and correlation among these  variables.

The  hypothetical changes in portfolio value are based  on  daily

percentage changes observed in key market indices or other market

factors  ("market  risk  factors")  to  which  the  portfolio  is

sensitive.   The  historical observation period of  the  Partner-

ship's  VaR  is  approximately  four  years.   The  one-day   99%

confidence  level  of the Partnership's VaR  corresponds  to  the

negative change in portfolio value that, based on observed market

risk factors, would have been exceeded once in 100 trading days.



VaR   models,   including  the  Partnership's,  are  continuously

evolving  as trading portfolios become more diverse and  modeling

techniques  and systems capabilities improve.  Please  note  that

the  VaR  model is used to numerically quantify market  risk  for

historic  reporting purposes only and is not utilized  by  either

Demeter  or  the Trading Advisors in their daily risk  management

activities.



The Partnership's Value at Risk in Different Market Sectors

The  following  tables  indicate  the  VaR  associated  with  the

Partnership's open positions as a percentage of total Net  Assets

by  primary market category as of June 30, 2000 and 1999.  As  of

June  30,  2000  and 1999, the Partnership's total capitalization

was approximately $16 million and $23 million, respectively.



<PAGE>

     Primary Market             June 30, 2000     June 30, 1999
     Risk Category              Value at Risk     Value at Risk

     Currency                      (1.60)%             (4.30)%



The  table  above  represents the VaR of the  Partnership's  open

positions  at June 30, 2000 and 1999 only and is not  necessarily

representative  of  either the historic  or  future  risk  of  an

investment  in  the Partnership.  Because the Partnership's  only

business  is  the speculative trading of futures  interests,  the

composition  of  its  trading portfolio can change  significantly

over  any given time period or even within a single trading  day.

Any  changes  in  open positions could positively  or  negatively

materially impact market risk as measured by VaR.



The table below supplements the quarter-end VaR by presenting the

Partnership's high, low and average VaR as a percentage of  total

Net Assets for the four quarterly reporting periods from July  1,

1999 through June 30, 2000.

Primary Market Risk Category        High       Low     Average

Currency                           (4.30)%    (1.60)%   (3.14)%
Limitations on Value at Risk as an Assessment of Market Risk

The  face  value  of the market sector instruments  held  by  the

Partnership  is  typically  many  times  the  applicable   margin

requirements.  Margin requirements generally range between 2% and



<PAGE>

15%  of  contract face value. Additionally, the use  of  leverage

causes  the face value of the market sector instruments  held  by

the   Partnership   to  typically  be  many   times   the   total

capitalization   of   the  Partnership.    The   value   of   the

Partnership's open  positions  thus  creates a "risk of ruin" not

typically found in other investments.  The relative size  of  the

positions held may cause the Partnership to incur losses  greatly

in excess of VaR within a short period of time, given the effects

of  the  leverage employed and market volatility.  The VaR tables

above, as well as the past performance of the Partnership,  gives

no  indication  of  such "risk of ruin". In  addition,  VaR  risk

measures   should  be  viewed  in  light  of  the   methodology's

limitations, which include the following:

     past  changes in market risk factors will not always result

  in accurate predictions of the distributions and correlations of

  future market movements;

     changes  in portfolio value in response to market movements

  may differ from those of the VaR model;

    VaR results reflect past trading positions while future risk

  depends on future positions;

     VaR using a one-day time horizon does not fully capture the

  market  risk of positions that cannot be liquidated  or  hedged

  within one day; and





<PAGE>

     the  historical  market  risk  factor  data  used  for  VaR

  estimation  may provide only limited insight into  losses  that

  could be incurred under certain unusual market movements.



The VaR tables above present the results of the Partnership's VaR

for  the Partnership's market risk exposure at June 30, 2000  and

for the end of the four quarterly reporting periods from July  1,

1999  through  June 30, 2000.  Since VaR is based  on  historical

data, VaR should not be viewed as predictive of the Partnership's

future  financial performance or its ability to manage or monitor

risk.   There  can be no assurance that the Partnership's  actual

losses  on  a  particular  day will not exceed  the  VaR  amounts

indicated above or that such losses will not occur more than 1 in

100 trading days.



Non-Trading Risk

The  Partnership has non-trading market risk on its foreign  cash

balances not needed for margin.  However, such balances, as  well

as  any market risk they may represent, are immaterial.  At  June

30,  2000 the Partnership's cash balance at DWR was approximately

103%  of  its  total  Net Asset Value.  A decline  in  short-term

interest rates will result in a decline in the Partnership's cash

management   income.  This  cash  flow  risk  is  not  considered

material.



Materiality,  as used throughout this section,  is  based  on  an

assessment of reasonably possible market movements and the

<PAGE>

potential  losses caused by such movements, taking  into  account

the   leverage,  optionality  and  multiplier  features  of   the

Partnership's market-sensitive instruments.



Qualitative Disclosures Regarding Primary Trading Risk Exposures

The following qualitative disclosures regarding the Partnership's

market risk exposures - except for (A) those disclosures that are

statements of historical fact and (B) the descriptions of how the

Partnership   manages  its  primary  market  risk   exposures   -

constitute  forward-looking  statements  within  the  meaning  of

Section  27A  of  the  Securities Act  and  Section  21E  of  the

Securities  Exchange Act. The Partnership's primary  market  risk

exposures  as  well  as the strategies used and  to  be  used  by

Demeter and the Trading Advisors for managing such exposures  are

subject  to numerous uncertainties, contingencies and risks,  any

one  of which could cause the actual results of the Partnership's

risk  controls to differ materially from the objectives  of  such

strategies.      Government    interventions,    defaults     and

expropriations,  illiquid  markets,  the  emergence  of  dominant

fundamental  factors, political upheavals, changes in  historical

price  relationships,  an  influx  of  new  market  participants,

increased  regulation  and many other  factors  could  result  in

material  losses  as  well as in material  changes  to  the  risk

exposures  and the risk management strategies of the Partnership.

Investors  must be prepared to lose all or substantially  all  of

their investment in the Partnership.



<PAGE>

The  following  was  the primary trading  risk  exposure  of  the

Partnership as of June 30, 2000.  It may be anticipated  however,

that market exposure will vary materially over time.



Currency.   The  Partnership's currency exposure is  to  exchange

rate  fluctuations,  primarily  fluctuations  which  disrupt  the

historical pricing relationships between different currencies and

currency pairs.  Interest rate changes, as well as political  and

general  economic conditions, influence these fluctuations.   The

Partnership  trades  in  a large number of currencies,  including

cross-rates - i.e., positions between two currencies  other  than

the   U.S.   dollar.   For  the  second  quarter  of  2000,   the

Partnership's  major exposures were in the euro currency  crosses

and  outright U.S. dollar positions.  Outright positions  consist

of  the U.S. dollar vs. other currencies.  These other currencies

include  the  major  and  minor  currencies.   Demeter  does  not

anticipate  that  the risk profile of the Partnership's  currency

sector  will  change significantly in the future.   The  currency

trading VaR figure includes foreign margin amounts converted into

U.S.  dollars  with  an  incremental adjustment  to  reflect  the

exchange  rate  risk inherent to the dollar-based Partnership  in

expressing VaR in a functional currency other than dollars.



Qualitative Disclosures Regarding Non-Trading Risk Exposure

The  following  was  the only non-trading risk  exposure  of  the

Partnership as of June 30, 2000:

<PAGE>

Foreign  Currency  Balances.     The  Partnership  did  not  have

foreign currency balances as of June 30, 2000.



Qualitative Disclosures Regarding Means of Managing Risk Exposure

The Partnership and the Trading Advisors, separately, attempt  to

manage   the   risk  of  the  Partnership's  open  positions   in

essentially  the  same  manner in all market  categories  traded.

Demeter  attempts  to manage market exposure by diversifying  the

Partnership's  assets among different Trading Advisors,  each  of

whose  strategies focus on different market sectors  and  trading

approaches,  and  monitoring  the  performance  of  the   Trading

Advisors  daily.   In  addition, the Trading  Advisors  establish

diversification  guidelines, often set in terms  of  the  maximum

margin  to be committed to positions in any one market sector  or

market-sensitive  instrument.  One should be aware  that  certain

Trading  Advisors  treat their risk control  policies  as  strict

rules, whereas others treat such policies as general guidelines.



Demeter monitors and controls the risk of the Partnership's  non-

trading   instrument,  cash.   Cash  is  the   only   Partnership

investment directed by Demeter, rather than the Trading Advisors.










<PAGE>

                   PART II.  OTHER INFORMATION



Item 1.  LEGAL PROCEEDINGS

The  following supplements Legal Proceedings previously disclosed

in  the  Partnership's Form 10-Q for the quarter ended March  31,

2000 and Form 10-K for the year ended December 31, 1999:



On  October  25,  1996,  the Market Surveillance  Committee  (the

"Committee")  of  the National Association of Securities  Dealers

("NASD")  filed  a formal complaint against MS &  Co.  and  seven

current  and former traders, alleging violations of certain  NASD

rules  relating  to manipulative and deceptive practices,  locked

and  crossed  markets, and failure to supervise.   Hearings  were

held  in  June  and July 1997.  On April 13, 1998  the  Committee

ruled  that  MS  &  Co.  and the seven  traders  had  engaged  in

manipulative  and  deceptive practices and improperly  locked  or

crossed  markets, but not that MS & Co. had failed  to  supervise

its  traders.  The Committee levied a fine of $1,000,000 on MS  &

Co.,  a  fine of $100,000 and a 90-day suspension on one  of  its

former  traders, and fines of $25,000 and 30-day  suspensions  on

each of the remaining current and former traders.  On January 18,

2000  the National Adjudicatory Council, which heard the  appeal,

issued a ruling which upheld the Committee's April 1998 decision,

however,  the  National Adjudicatory Council reduced  the  firm's

fine to $495,000, reversed all previously imposed suspensions



<PAGE>

against the traders, reduced the fine for each of six traders  to

$2,500 and dismissed all charges against the seventh trader.



On  January  11,  1999,  the Securities and  Exchange  Commission

brought an action against 28 NASDAQ market makers, including MS &

Co.,  and  51 individuals, including one current and  one  former

trader  employed  by MS & Co., for certain conduct  during  1994.

The  core  of  the charges against MS & Co. concerns improper  or

undisclosed  coordination  of price  quotes  with  other  broker-

dealers  and  related  reporting, recordkeeping  and  supervisory

deficiencies  in violation of Sections 15(b)(4)(E), 15(c)(1)  and

(2)  and  17(a) of the Securities Exchange Act and Rules  15c1-2,

15c2-7  and  17a-3 promulgated thereunder.  Without admitting  or

denying  the charges, MS & Co. consented to the entry of a  cease

and  desist  order  and  to the payment of  a  civil  penalty  of

$350,000,  disgorgement of $4,170 and to submit  certain  of  its

procedures to an independent consultant for review.  In addition,

one  current and one former trader employed by MS & Co.  accepted

suspensions  of less than two months each and were fined  $25,000

and $30,000 respectively.



Item 5.   OTHER INFORMATION

Effective July 1, 2000, Lewis A. Raibley, III resigned  as  Chief

Financial  Officer  and  a Director of Demeter  and  Dean  Witter

Futures Currency Management Inc.  Effective July 10, 2000,



<PAGE>
Raymond E. Koch replaced Lewis A. Raibley, III as Chief Financial

Officer of Demeter.


Item 6. EXHIBITS AND REPORTS ON FORM 8-K

   (A)  Exhibits

   3.01 Limited Partnership Agreement of the Partnership, dated as
        of December 8, 1992 is incorporated by reference to Exhibit 3.01
        and Exhibit 3.02 of the Partnership's Registration Statement on
        Form S-1 (File No. 33-55806).

   10.01        Form  of  the  Management  Agreements  among  the
        Partnership,  Demeter and CCA Capital Management Inc., Colorado
        Commodities Management Corporation, Ezra Zask Associates  Inc.
        and Millburn Ridgefield Corporation dated as of     March 1, 1993
        is  incorporated by reference to Exhibit    10.02 of  the
        Partnership's Registration Statement on     Form S-1 (File No. 33-
        55806).

   10.02      Management Agreement among the Partnership, Demeter
        and   JWH  dated  as of June 1, 1995 is  incorporated  by
        reference to Exhibit 10.03 of the Partnership's Annual   Report
        on Form 10K for the fiscal year ended December    31, 1995.

   10.03      Amended and Restated Customer Agreement, dated as of
        December 1, 1997, between the Partnership and Dean       Witter
        Reynolds Inc. is incorporated by reference to     Exhibit 10.03
        of the Partnership's Form 10-K (File No.   0-23826) for fiscal
        year ended December 31, 1998.

   10.04       Customer Agreement, dated as of December 1,  1997,
        among  the Partnership, Carr Futures Inc., and Dean Witter
        Reynolds Inc. is incorporated by reference to Exhibit    10.04 of
        the Partnership's Form 10-K (File NO. 0-23826)  for fiscal year
        ended December 31, 1998.

   10.05      International Foreign Exchange Master Agreement, dated
        as of August 1, 1997, between the Partnership and Carr   Futures,
        Inc. is incorporated by reference to Exhibit    10.05 of the
        Partnership's Form 10-K (File No. 0-23826)  for fiscal year ended
        December 31, 1998.

   10.06      Customer Agreement, dated as of May 1, 2000 between
        Morgan Stanley & Co. Incorporated, the Partnership and   Dean
        Witter Reynolds Inc. is filed herewith.

   (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 10, 2000         By:/s/Raymond E. Koch______________
                              Raymond E. Koch
                              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.