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 September 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

                       September 30, 2000

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

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

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

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

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

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

        Notes to Financial Statements (Unaudited).............. 7-
     12

Item 2. Management's Discussion and Analysis of

Financial Condition and Results of Operations...... 13-22

Item 3. Quantitative and Qualitative Disclosures about
        Market Risk.......................................  22-31

Part II. OTHER INFORMATION

Item 1. Legal Proceedings......................................32

Item 5. Other Information......................................32

Item 6. Exhibits and Reports on Form 8-K....................32-33


</TABLE>





<PAGE>
<TABLE>
                 PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

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

<CAPTION>
                                   September 30,     December 31,

2000                                   1999                     $
$
                                    (Unaudited)
ASSETS
<S>                                     <C>            <C>
Equity in futures interests trading accounts:
 Cash                            15,455,984      20,485,336

   Net   unrealized   loss   on  open  contracts   (MS   &   Co.)
(615,871)                                    -
   Net   unrealized   gain  on  open  contracts  (Carr)______-___
149,925

  Total net unrealized gain (loss) on open contracts    (615,871)
149,925

      Total Trading Equity       14,840,113      20,635,261

Interest receivable (DWR)        60,847                    74,011

      Total Assets                14,900,960     20,709,272


LIABILITIES AND PARTNERS' CAPITAL

Liabilities

 Redemptions payable                278,684         381,996
 Accrued administrative expenses      45,621           14,457
 Accrued management fees             37,138           51,737

      Total Liabilities            361,443           448,190

Partners' Capital

 Limited Partners (16,428.167 and
   20,079.269 Units, respectively)14,268,101     19,950,579
 General Partner (312.506 Units)      271,416       310,503

 Total Partners' Capital         14,539,517      20,261,082

 Total Liabilities and Partners' Capital  14,900,960   20,709,272


NET ASSET VALUE PER UNIT             868.51            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 September 30,

                                        2000        1999
                                          $            $
REVENUES
<S>                                      <C>          <C>
 Trading profit (loss):
        Realized                           (66,878)     (677,771)
Net change in unrealized           (176,877)      445,032
      Total Trading Results        (243,755)  (232,739)

 Interest Income (DWR)               190,083    214,037
      Total Revenues                (53,672)    (18,702)

EXPENSES

   Brokerage   commissions  (DWR)           177,963       268,861
Management    fees                         113,776        164,635
Administrative    expenses                  11,661         14,938
Transaction fees and costs          ____-___      15,095
      Total Expenses                 303,400    463,529

NET LOSS                           (357,072)    (482,231)

NET LOSS ALLOCATION

        Limited        Partners                         (350,645)
(475,766)
 General Partner                        (6,427)  (6,465)
NET LOSS PER UNIT

                         Limited                         Partners
(20.57)                        (20.69)
 General                                                  Partner
 (20.57)                        (20.69)

<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 Nine Months Ended September 30,


2000                           1999

$                                   $
REVENUES
<S>                                      <C>          <C>
 Trading profit (loss):
       Realized                       (1,135,961)         434,576
Net change in unrealized           (765,796)      944,627
      Total Trading Results      (1,901,757)    1,379,203
 Interest Income (DWR)              601,146       651,236
      Total Revenues             (1,300,611)    2,030,439

EXPENSES

   Brokerage   commissions  (DWR)          571,320        709,931
Management    fees                        387,297         533,726
Administrative   expenses                  35,484          45,822
Transaction fees and costs            22,249       37,772
      Total Expenses               1,016,350    1,327,251


NET INCOME (LOSS)                (2,316,961)      703,188

NET INCOME (LOSS) ALLOCATION

   Limited  Partners    (2,277,874)                       695,087
General            Partner                               (39,087)
8,101
NET INCOME (LOSS) PER UNIT

                         Limited                         Partners
(125.08)                                                    25.92
General                                                   Partner
(125.08)                                  25.92


<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 Nine Months Ended September 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
-                                   695,087           8,101  703,
188

Redemptions                (4,005.658)                (4,020,259)
-                                   (4,020,259)

Partners' Capital,
 September 30, 1999    21,604.583          $21,160,517           $310,575
$21,471,092



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

Net                                                          Loss
-                                          (2,277,874)           (39,087)
(2,316,961)

Redemptions                (3,651.102)                (3,404,604)
-                                   (3,404,604)

Partners' Capital,
 September 30, 2000    16,740.673          $14,268,101           $271,416
$14,539,517







<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 Nine Months Ended September 30,

                                       2000           1999
                                          $             $
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                       <C>            <C>
Net  income (loss)                 (2,316,961)            703,188
Noncash item included in net income (loss):
      Net  change  in  unrealized           765,796             (
944,627)

(Increase) decrease in operating assets:
     Interest  receivable (DWR)          13,164             6,362
Due                            from                           DWR
-                                     (6,524)
Increase (decrease) in operating liabilities:
        Accrued     administrative    expenses             31,164
27,502
         Accrued      management      fees               (14,599)
(8,065)
Net    cash    used   for   operating   activities    (1,521,436)
(222,164)

CASH FLOWS FROM FINANCING ACTIVITIES

 Increase (decrease) in redemptions payable(103,312)     99,175
      Redemptions      of      Units                  (3,404,604)
(4,020,259)
   Net   cash   used   for  financing  activities     (3,507,916)
(3,921,084)

Net   decrease  in  cash               (5,029,352)              (
4,143,248)
Balance     at     beginning     of     period         20,485,336
26,130,701
Balance     at     end     of     period               15,455,984
21,987,453


<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  unaudited financial statements contained herein 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. 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,

2000,  as  amended by SFAS No. 137. The Partnership  adopted  the

provisions  of SFAS No. 133 beginning with the fiscal year  ended

December 31, 1998.  SFAS No. 133 superceded SFAS Nos. 119 and

<PAGE>

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




105,  which  required  the disclosure of average  aggregate  fair

values  and contract/notional values, respectively, of derivative

financial  instruments for an entity that carries its  assets  at

fair  value.   SFAS No. 133 was further amended by SFAS No.  138,

which  clarifies issues surrounding interest rate  risk,  foreign

currency  denominations,  normal  purchases  and  sales  and  net

hedging.  The application of SFAS No. 133, as amended by SFAS No.

137,  did  not  have  a significant effect on  the  Partnership's

financial  statements, nor will the application of the provisions

of  SFAS  No.  138 have a significant effect on the Partnership's

financial statements.



SFAS  No.  133 defines a derivative as a financial instrument  or

other   contract   that   has  all   three   of   the   following

characteristics:

  1)    One  or  more  underlying  notional  amounts  or  payment

     provisions;

2)   Requires no initial net investment or a smaller initial net
investment than would be required relative to changes in market
factors;
3)   Terms require or permit net settlement.




<PAGE>

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




Generally derivatives include futures, forwards, swaps or  option

contracts,   or   other   financial  instruments   with   similar

characteristics such as caps, floors and collars.



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

component  of  "Equity in futures interests trading accounts"  on

the  statements of financial condition and totaled $(615,871) and

$149,925   at   September  30,  2000  and  December   31,   1999,

respectively.



The  net  unrealized  loss  on  open  contracts  of  $615,871  at

September  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 September 30, 2000 and December 31,  1999  mature

through December 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.

<PAGE>

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


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

$15,455,984  and $20,485,336 at September 30, 2000  and  December

31, 1999, 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  (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

<PAGE>

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




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  quarters and nine months ended September 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 Nine Months Ended September 30, 2000

For  the  quarter  ended  September  30,  2000,  the  Partnership

recorded  total trading losses net of interest income of  $53,672

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

significant losses of approximately 3.2% were recorded  primarily

during  August from short Japanese yen positions as the value  of

the yen strengthened versus the U.S. dollar following comments by

a senior Japanese official stating that the Bank of Japan could

<PAGE>

raise interest rates further by December.  Newly established long

Japanese   yen   positions  incurred  additional  losses   during

September  as  the  value of the yen weakened  against  the  U.S.

dollar  on warnings that the Japanese economy may shrink  in  the

fourth   quarter   because   of  lethargic   consumer   spending.

Additional losses of approximately 1.0% were recorded  from  long

Australian dollar positions as its value declined versus the U.S.

dollar  on weakness in the euro and fading of Australian interest

rate expectations during August.  Smaller losses of approximately

0.7%  resulted from long Canadian dollar positions as  its  value

weakened  relative  to the U.S. dollar on technical  factors  and

general  weakness in commodity-related currencies.  A portion  of

overall  Partnership losses was offset by gains of  approximately

1.9%  recorded  primarily during September from short  Thai  baht

positions  as  its value weakened versus the U.S. dollar  due  to

poor  market  sentiment in the Asian Pacific region.   Additional

gains  of  approximately  0.9% resulted from  short  New  Zealand

dollar positions during August as its value dropped alongside the

euro  and  after worse-than-expected trade figures were released.

Smaller  gains of approximately 0.8% were experienced from  short

British  pound positions as its value weakened against  the  U.S.

dollar during July after June data showed Britain's manufacturing

sector  grew at its slowest rate since June 1999.  Short  British

pound  positions  were also profitable during  September  as  the

pound's  value  weakened  relative to  the  U.S.  dollar  amid  a

combination of capital flow considerations, expectations of

<PAGE>

peaking  U.K.  interest  rate hikes and a  sagging  euro.   Total

expenses  for  the  three months ended September  30,  2000  were

$303,400,  resulting in a net loss of $357,072.  The value  of  a

Unit  decreased  from  $889.08 at June 30,  2000  to  $868.51  at

September 30, 2000.



For  the  nine  months ended September 30, 2000, the  Partnership

recorded   total  trading  losses  net  of  interest  income   of

$1,300,611  and  posted a decrease in Net Asset Value  per  Unit.

The  most  significant losses of approximately 7.1% were recorded

from  trading  the  Japanese yen.  Long  Japanese  yen  positions

incurred losses during the first half of the year as the value of

the  yen weakened versus the U.S. dollar following Bank of  Japan

interventions  in  both  April and June.   During  August,  short

Japanese yen positions were unprofitable as the value of the  yen

strengthened  versus the U.S. dollar on concerns about  potential

interest rates increases expected by December.  Newly established

long  Japanese yen positions resulted in additional losses during

September as the yen's value weakened against the U.S. dollar  on

warnings  that  the  Japanese economy may shrink  in  the  fourth

quarter.   Losses  of  approximately  4.7%  were  recorded   from

transactions involving the British pound during the first half of

the  year.   Long British pound positions incurred losses  during

the  first  quarter amid the U.S. dollar's strength versus  other

major  currencies  and interest rate increases  by  the  European

Central Bank ("ECB") and the U.S. Federal Reserve.  Newly

<PAGE>

established short British pound positions incurred losses in  the

second quarter as the pound's value strengthened versus the  U.S.

dollar  on  the  back of a strengthening euro and on  speculation

that  U.S.  interest rates may have topped in  the  medium  term.

Smaller  losses of approximately 2.4% resulted from long Canadian

dollar positions throughout the first nine months of the year  as

its  value  weakened  relative to the U.S.  dollar  on  technical

factors  and  general  weakness in commodity-related  currencies.

Losses  of  approximately  2.2% resulted  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.  During August, long Australian

dollar  positions  contributed  to  these  losses  as  its  value

declined versus the U.S. dollar on weakness in the euro  and  the

fading  of  Australian interest rate expectations.  A portion  of

overall  Partnership losses was offset by gains of  approximately

3.8%  recorded  from  transactions  involving  the  euro.   Short

positions in the euro recorded gains as its value weakened versus

the  U.S.  dollar  during  the first half  of  the  year  due  to

skepticism about Europe's economic outlook, expectations that the

ECB would hold interest rates steady and the ECB's passive stance

towards  its  currency.  Additional gains of  approximately  1.9%

were recorded during September from short Thai baht positions  as

its  value  weakened versus the U.S. dollar due  to  poor  market

sentiment  in  the  Asian  Pacific  region.  Smaller   gains   of

approximately 1.6% were experienced from short South African rand

<PAGE>

positions  during April and May as its value receded relative  to

the  U.S. dollar amid speculation that Zimbabwe was on the  verge

of  devaluing its currency.  Total expenses for the  nine  months

ended September 30, 2000 were $1,016,350, resulting in a net loss

of  $2,316,961.   The value of a Unit decreased from  $993.59  at

December 31, 1999 to $868.51 at September 30, 2000.



For the Quarter and Nine Months Ended September 30, 1999

For  the  quarter  ended  September  30,  1999,  the  Partnership

recorded  total trading losses net of interest income of  $18,702

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

significant   losses  of  approximately  10.6%  were  experienced

primarily  from  trading  the euro and the  Swiss  franc.   Short

positions in these currencies resulted in losses earlier  in  the

quarter  as their values strengthened versus the U.S. dollar  due

to a better-than-expected German business sentiment survey and  a

record U.S. trade deficit. Losses were recorded during August and

September from long positions in the euro and Swiss franc as  the

value  of  the  U.S.  dollar  rallied higher  versus  most  major

currencies on August 23 amid a rally in U.S. stock prices and  on

September  10 after an intervention by the Bank of Japan.   As  a

result,  new short positions were established in these currencies

only  to result in additional losses as their values strengthened

versus  the dollar during the latter half of September after  the

U.S. trade figures reflected a record deficit.  During July, long



<PAGE>

British pound positions experienced losses of approximately  1.2%

as  the  value  of the pound weakened versus the U.S.  dollar  on

concerns  of  a  disappearance in the interest rate  differential

between the U.K. and the U.S. and continued economic sluggishness

in  Britain.  Newly established short pound positions resulted in

additional  losses  as  the pound's value rose  versus  the  U.S.

dollar  later in July after revised first quarter Gross  Domestic

Product  ("GDP")  figures showed that the  British  economy  grew

faster  than  had previously been expected.  A portion  of  these

losses  was  offset  by  gains  of approximately  10.1%  recorded

throughout the quarter primarily from long Japanese yen positions

as  the  value of the yen strengthened versus the U.S. dollar  on

positive economic data out of that country and optimism regarding

the  Japanese  economy. Despite an intervention by  the  Bank  of

Japan  to prevent the yen's recent rise from continuing, the  yen

climbed  to  a  44-month  high  versus  the  U.S.  dollar  during

September after the Bank of Japan decided to leave that country's

monetary  policy unchanged.  Smaller gains of approximately  1.7%

were recorded from short Thai baht positions as the value of  the

Thai  baht  fell  to a new 12-month low versus  the  U.S.  dollar

following  lower-than-expected second quarter  GDP  data  out  of

Thailand,  the  earthquakes in Taiwan and comments  on  the  Thai

economy  by  various cabinet ministers.  Total expenses  for  the

three months ended September 30, 1999 were $463,529, resulting in

a  net  loss  of  $482,231.  The value of a Unit  decreased  from

$1,014.51 at June 30, 1999 to $993.82 at September 30, 1999.

<PAGE>

For  the  nine  months ended September 30, 1999, the  Partnership

recorded  total  trading revenues including  interest  income  of

$2,030,439  and posted an increase in Net Asset Value  per  Unit.

The  most  significant gains of approximately 7.8% were  recorded

throughout  a  majority of the first half of the  year  primarily

from  short positions in the euro as its value declined  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.

Smaller gains of approximately 1.2% were recorded from short Thai

baht  positions as the value of the Thai baht fell to a  new  12-

month  low  versus  the U.S. dollar following lower-than-expected

second  quarter  GDP  data out of Thailand,  the  earthquakes  in

Taiwan  and  comments  on  the Thai economy  by  various  cabinet

ministers.  A  portion  of the Partnership's  overall  gains  was

offset by losses of approximately 3.9% experienced primarily from

long  British pound positions as the value of the pound  weakened

versus  the  U.S. dollar during late March 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

euro. During July, losses were recorded in this market from  long

pound  positions on concerns of a disappearance in  the  interest

rate  differential  between the U.K. and the U.S.  and  continued

economic  sluggishness  in  Britain.   Newly  established   short

British pound positions resulted in additional losses during  the

third quarter as the pound's value rose versus the U.S. dollar

<PAGE>

later in July after revised first quarter GDP figures showed that

the   British  economy  grew  faster  than  had  previously  been

expected.   Smaller  losses of approximately 3.5%  were  incurred

primarily  during  January and March from short  Norwegian  krone

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

a  rise  in oil prices and the possibility that this Scandinavian

currency  could  be linked to the euro sometime  in  the  future.

Total expenses for the nine months ended September 30, 1999  were

$1,327,251, resulting in net income of $703,188.  The value of  a

Unit  increased from $967.90 at December 31, 1998 to  $993.82  at

September 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.



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

<PAGE>

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"

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

<PAGE>

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

VaR  model  include equity and commodity prices, interest  rates,

foreign exchange rates, and correlation among these variables.



<PAGE>

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  table  indicates  the  VaR  associated  with  the

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

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

of   September  30,  2000  and  1999,  the  Partnership's   total

capitalization  was approximately $15 million  and  $21  million,

respectively.




<PAGE>
      Primary Market     September 30, 2000   September 30,  1999
Risk Category              Value at Risk          Value at Risk

     Currency                   (4.01)%                (3.26)%



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

positions  at  September  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 October

1, 1999 through September 30, 2000.

Primary Market Risk Category        High       Low     Average

Currency                           (4.01)%   (1.60)%   (2.75)%


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

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

causes the face value of the market sector instruments held by

<PAGE>

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,  give

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

     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.



<PAGE>

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

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

and   for  the  end of the four quarterly reporting periods  from

October  1, 1999 through September 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.  These balances and  any  market

risk  they may represent are immaterial.  At September  30,  2000

the  Partnership's cash balance at DWR was approximately 106%  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

potential  losses caused by such movements, taking  into  account

the   leverage,  optionality  and  multiplier  features  of   the

Partnership's market-sensitive instruments.



<PAGE>

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.



The  following  was  the primary trading  risk  exposure  of  the

Partnership  as  of  September 30, 2000.  It may  be  anticipated

however, that market exposure will vary materially over time.



<PAGE>

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.  At September 30, 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 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 September 30, 2000:



Foreign  Currency  Balances.     The  Partnership  did  not  have

foreign currency balances as of September 30, 2000.



<PAGE>

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

Please  refer  to Legal Proceedings previously disclosed  in  the

Partnership's Form 10-Q(s) for the quarters ended March 31,  2000

and  June 30, 2000 and Form 10-K for the year ended December  31,

1999.



Item 5.  OTHER INFORMATION

Commencing  December  1, 2000, the management  fee  paid  by  the

Partnership to each Trading Advisor will be reduced from a 3%  to

a 2% annual rate.  Additionally, the quarterly incentive fee paid

by  the Partnership to each Trading Advisor will be changed  from

17.5% to 20% of the Partnership's trading profits.


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).







<PAGE>
   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 incorporated by reference   to Exhibit
        10.06 of the Partnership's Quarterly Report   on Form 10-Q for
        the quarter ended June 30, 2000, (File  No. 0-23826).

   (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)

November 14, 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.