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

                           FORM 10-Q



[X]   Quarterly report pursuant to Section 13 or 15  (d)  of  the
Securities Exchange Act of 1934
For the Period ended March 31, 1997 or

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

Commission File No. 33-30891

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


          Delaware                              13-3541588
(State or other jurisdiction of              (I.R.S. Employer
Incorporation  or organization)            Identification No.)

c/o Demeter Management Corp.
Two World Trade Center, New York, NY 62 Fl.         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 PRINCIPAL PLUS FUND L.P.

             INDEX TO QUARTERLY REPORT ON FORM 10-Q

                       March 31, 1997
<CAPTION>

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

     Consolidated Statements of Financial Condition
        March 31, 1997 (Unaudited) and December 31, 1996......2

     Consolidated Statements of Operations for the
     Quarters Ended March 31, 1997 and 1996 (Unaudited)....3

     Consolidated Statements of Changes in Partners'
        Capital for the Quarters Ended March 31, 1997 and
     1996 (Unaudited)......................................4

     Consolidated Statements of Cash Flows for the
     Quarters Ended March 31, 1997 and 1996(Unaudited).....5

     Notes to Consolidated Financial Statements
     (Unaudited)........................................6-12

Item 2. Management's Discussion and Analysis of

Financial Condition and Results of Operations..........13-17

Part II. OTHER INFORMATION

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

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


</TABLE>





<PAGE>
<TABLE>
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
         CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
<CAPTION>
                                                           March 31,     December 31,
                                                             1997           1996
                                                              $              $
                                                          (Unaudited)
ASSETS
<S>                                                       <C>            <C>
Equity in Commodity futures trading accounts:
 Cash                                                     6,969,772       6,625,325
 Net unrealized gain (loss) on open contracts              (250,531)        197,384
 Net option premiums                                        369,600               -

 Total Trading Equity                                      7,088,841      6,822,709

Investment in Zero-coupon U.S. Treasury Securities        45,006,339     47,247,655
Interest receivable (DWR)                                     31,565         26,628

 Total Assets                                             52,126,745     54,096,992


LIABILITIES AND PARTNERS' CAPITAL

Liabilities

 Redemptions payable                                      1,977,795       1,657,380
 Accrued administration fees                                202,077         203,250
 Accrued brokerage fees (DWR)                               184,716         186,774
 Accrued management fee                                      46,179          46,693
 Accrued transaction fees and costs                           3,030           4,108

 Total Liabilities                                        2,413,797       2,098,205

Minority Interest                                           161,940         149,974

Partners' Capital

 Limited Partners (32,908.704 and
  34,253.485 Units, respectively)                        48,398,050      50,688,703
 General Partner (783 Units)                              1,152,958       1,160,110

 Total Partners' Capital                                 49,551,008      51,848,813

 Total Liabilities and Partners' Capital                 52,126,745      54,096,992


NET ASSET VALUE PER UNIT                                   1,470.72       1,479.85
        The accompanying footnotes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
<TABLE>
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
             CONSOLIDATED STATEMENTS OF OPERATIONS
                           (Unaudited)

<CAPTION>

                                For the Quarters Ended March 31,

                                         1997            1996
                                          $            $
REVENUES
<S>                                    <C>             <C>
 Trading profit (loss):
    Realized                           1,583,071    (2,670,129)
    Net change in unrealized            (447,915)     (601,711)

      Total Trading Results            1,135,156    (3,271,840)

 Interest Income                         751,442       696,037
 Change in value of Yield Pool        (1,441,268)   (2,671,047)

      Total Revenues                     445,330    (5,246,850)


EXPENSES

 Brokerage fees (DWR)                    556,673      538,896
 Management fees                         139,168      134,121
 Transaction fees and costs               30,532       47,931
 Administrative expenses                  27,000       26,000

      Total Expenses                     753,373      746,948

LOSS BEFORE MINORITY INTEREST           (308,043)  (5,993,798)

Minority interest in (income) loss       (11,967)      91,805

NET LOSS                                (320,010)  (5,901,993)

NET LOSS ALLOCATION

 Limited Partners                       (312,858) (5,787,644)
 General Partner                          (7,152)   (114,349)

NET LOSS PER UNIT

 Limited Partners                         (9.13)    (146.03)
 General Partner                          (9.13)    (146.03)

        The accompanying footnotes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
<TABLE>
             DEAN WITTER PRINCIPAL PLUS FUND  L.P.
    CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
         For the Quarters Ended March 31, 1997 and 1996
                          (Unaudited)


<CAPTION>


                          Units of
                        Partnership   Limited         General
                          Interest    Partners        Partner    Total
<S>                     <C>          <C>            <C>          <C>
Partners' Capital
 December 31, 1995       26,097.968   $39,547,302   $1,224,642    $40,771,944

Subscriptions            13,844.606    21,697,912            -     21,697,912

Net Loss                       -       (5,787,644)   (114,349)     (5,901,993)

Redemptions               (909.486)    (1,288,042)         -       (1,288,042)

Partners' Capital
 March 31, 1996         39,033.088    $54,169,528  $1,110,293     $55,279,821




Partners' Capital
 December 31, 1996      35,036.485   $50,688,703   $1,160,110     $51,848,813

Net Loss                       -        (312,858)     (7,152)        (320,010)

Redemptions            (1,344.781)    (1,977,795)          -       (1,977,795)

Partners' Capital
 March 31, 1997        33,691.704    $48,398,050  $1,152,958      $49,551,008



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

</TABLE>








<PAGE>
<TABLE>


              DEAN WITTER PRINCIPAL PLUS FUND L.P.
             CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (Unaudited)
<CAPTION>

                                                          For the Quarters Ended March 31,

                                                                1997            1996
                                                                 $            $
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                          <C>         <C>
Net     loss                                                 (320,010)    (5,901,993)
Noncash item included in net loss:
    Net change in unrealized                                   447,915       601,711

 (Increase) decrease in operating assets:
    Net option premiums                                       (369,600)            -
     Investment  in zero-coupon U.S. Treasury Securities     2,241,316     32,867,974
    Interest receivable (DWR)                                   (4,937)        (1,287)
     Investment  in  U.S.  Treasury  Bills                           -    (49,053,420)

 Increase (decrease )in operating liabilities:
    Accrued administration fees                                (1,173)       (42,457)
    Accrued brokerage fees (DWR)                               (2,058)        57,663
    Accrued management fee                                       (514)        14,416
    Accrued transaction fees and costs                         (1,078)         5,958

Net  cash provided by (used for) operating activities        1,989,861   (21,451,435)


CASH FLOWS FROM FINANCING ACTIVITIES


 Increase in redemptions payable                              320,414        139,684
 Minority interest                                             11,967        (91,805)
   Redemptions  of  units                                  (1,977,795)    (1,288,042)
   Subscriptions of units                                           -     21,697,912

Net cash provided by (used for) financing activities       (1,645,414)    20,457,749


Net increase (decrease) in cash                               344,447      (993,686)

Balance at beginning of period                              6,625,325     8,897,293

Balance at end of period                                    6,969,772     7,903,607

        The accompanying footnotes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
               DEAN WITTER PRINCIPAL PLUS FUND L.P.
                                
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                
                           (UNAUDITED)

The  financial statements include, in the opinion of  management,

all  adjustments necessary for a fair presentation of the results

of   operations   and  financial  condition.   The   consolidated

financial statements and condensed notes herein should be read in

conjunction  with  the  Partnership's December  31,  1996  Annual

Report on Form 10-K.


1. Organization

Dean  Witter  Principal Plus Fund L.P. (the "Partnership")  is  a

limited  partnership  organized  to  engage  in  the  speculative

trading   of  commodity  futures  contracts,  commodity   options

contracts  and  forward  contracts on  foreign  currencies.   The

general   partner  for  the  Partnership  is  Demeter  Management

Corporation  ("Demeter").  The commodity broker  is  Dean  Witter

Reynolds  Inc.  ("DWR").  Demeter has retained RXR  Inc.  as  the

trading manager of the Trading Company.  Both Demeter and DWR are

wholly-owned subsidiaries of Dean Witter, Discover & Co. ("DWD").






<PAGE>
                                
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


2. Revenue Recognition

The  investment  in  zero-coupon U.S.  Treasury  Securities  (the

"Yield   Pool")  maintained  to  provide  for  the  Partnership's

guaranteed  return is valued at the lesser of cost plus  accreted

interest or market value.  For the quarter ended March 31,  1997,

$665,090 of interest income has been accreted on the Yield  Pool.

At March 31, 1997, the cost of the Yield Pool was $45,452,013 and

the  accreted  interest receivable thereon was  $3,047,398.   The

market value of the Yield Pool on March 31, 1997 is approximately

$45,006,339.


3. Related Party Transactions

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

trading accounts to meet margin requirements as needed.  DWR pays

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

Bill  rates.  Brokerage expenses incurred by the Partnership  are

paid to DWR.



4. Financial Instruments

The Partnership trades futures, forward contracts and options  in

interest rates, stock indices, commodities, currencies, petroleum

and  precious  metals.  Futures and forwards represent  contracts

for

<PAGE>

              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                
                                
delayed delivery of an instrument at a specified date and  price.

Risk arises from changes in the value of these contracts and  the

potential inability of counterparties to perform under the  terms

of   the  contracts.   There  are  numerous  factors  which   may

significantly  influence  the market value  of  these  contracts,

including  interest  rate volatility.   At  March  31,  1997  and

December 31, 1996, open contracts were:

                              Contract or Notional Amount
                            March 31, 1997   December 31, 1996
                                    $                   $
Exchange-Traded Contracts
 Financial Futures:
   Commitments to Purchase     29,915,000         36,738,000
   Commitments to Sell         58,122,000         19,776,000
 Commodity Futures:
   Commitments to Purchase     10,002,000          5,550,000
   Commitments to Sell          1,960,000          5,879,000
 Foreign Futures:
   Commitments to Purchase        865,000         83,456,000
   Commitments to Sell         77,089,000          6,403,000
Off-Exchange-Traded
 Forward Currency Contracts
   Commitments to Purchase     16,321,000         11,219,000
   Commitments to Sell         28,213,000         24,545,000


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

forward currency contracts is due to offsetting forward

                                

<PAGE>
                                
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)



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

date   in   the   future.   These  commitments  are  economically

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

settlement date.



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

component  of  "Equity in Commodity futures trading accounts"  on

the  Statement of Financial Condition and totaled $(250,531)  and

$197,384  at  March 31, 1997 and December 31, 1996, respectively.

Of  the $(250,531) net unrealized loss on open contracts at March

31,  1997,  $(235,077)  was  related to  exchange-traded  futures

contracts  and  ($15,454) related to off-exchange-traded  forward

currency contracts.  Of the $197,384 net unrealized gain on  open

contracts  at  December 31, 1996, $302,539 related  to  exchange-

traded  futures contracts and $(105,155) related to off-exchange-

traded forward currency contracts.


Exchange-traded  futures contracts held  by  the  Partnership  at

March  31,  1997 and December 31, 1996 mature through June  1997.

Off-

<PAGE>

                                
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                                
                                
exchange-traded forward currency contracts held at March 31, 1997

and December 31, 1996 mature through April 1997 and January 1997,

respectively.  The contract amounts in the above table  represent

the  Partnership's extent of involvement in the particular  class

of  financial instrument, but not the credit risk associated with

counterparty  nonperformance.  The credit  risk  associated  with

these  instruments  is limited to the amounts  reflected  in  the

Partnership's Statements of Financial Condition.



The  Partnership  also has credit risk because DWR  acts  as  the

futures  commission  merchant  or  the  sole  counterparty,  with

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

futures  contracts  are marked to market on a  daily  basis  with

variations  in  value  settled on a daily  basis.   DWR,  as  the

futures commission merchant for all of the Partnership's exchange-

traded futures contracts, is required pursuant to regulations  of

the  Commodity Futures Trading Commission to segregate  from  its

own  assets  and for the sole benefit of its commodity customers,

all funds held by

 DWR with respect to exchange-traded futures contracts including

                               an

<PAGE>
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)


amount  equal  to  the net unrealized gain on  all  open  futures

contracts, which funds totaled $6,969,772 and $6,927,864 at March

31,  1997  and December 31, 1996, respectively.  With respect  to

the Partnership's off-exchange-traded forward currency contracts,

there  are  no  daily settlements of variations in value  nor  is

there  any requirement that an amount equal to the net unrealized

gain  on  open forward contracts be segregated.  With respect  to

those   off-exchange-traded  forward  currency   contracts,   the

Partnership is at risk to the ability of DWR, the counterparty on

all such contracts, to perform.



For the quarters ended March 31, 1997 and the year ended December

31,  1996,  the average fair value of financial instruments  held

for trading purposes was as follows:

                                               March 1997
                                       Assets        Liabilities
                                         $                $

Exchange-Traded Contracts:
  Financial Futures                 46,352,000       38,057,000
  Options on Financial Futures       2,274,000        9,665,000
  Commodity Futures                  9,109,000        3,369,000
  Foreign Futures                   62,150,000       26,388,000
Off-Exchange-Traded Forward
 Currency Contracts                 10,794,000       30,028,000
                                
<PAGE>
              DEAN WITTER PRINCIPAL PLUS FUND L.P.
     NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONCLUDED)



                                             December 1996
                                                           Assets
Liabilities
                                         $                   $

Exchange-Traded Contracts:
  Financial Futures                48,280,000         20,650,000
  Options on Financial Futures        717,000          4,639,000
  Commodity Futures                 6,775,000          3,814,000
  Foreign Futures                  51,243,000         17,579,000
Off-Exchange-Traded Forward
 Currency Contracts                30,644,000         28,108,000




























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



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

commodity interest trading accounts with DWR, and are used by the

Partnership  as  margin to engage in trading  commodity  futures,

forward  contracts  and  other commodity interest  trading.   DWR

holds  such  assets  in  either  designated  depositories  or  in

securities  approved by the Commodity Futures Trading  Commission

for  investment of customer funds.  The Partnership's assets held

by  DWR  may  be  used  as  margin solely for  the  Partnership's

trading.   Since the Partnership's sole purpose is  to  trade  in

commodity   futures  contracts,  forward  contracts  on   foreign

currencies and other commodity interests, it is expected that the

Partnership  will continue to own such liquid assets  for  margin

purposes.



The  Partnership's  investment  in commodity  futures  contracts,

forward  contracts and other commodity interests may be illiquid.

If  the price for the futures contract for a particular commodity

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

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

                                

<PAGE>

liquidated  unless  traders are willing to effect  trades  at  or

within  the  limit.  Commodity futures prices  have  occasionally

moved the daily limit for several consecutive days with little or

no trading.  Such market conditions could prevent the Partnership

from promptly liquidating its commodity futures positions.



There  is  no limitation on daily price moves in trading  forward

contracts  on  foreign currencies.  The markets  for  some  world

currencies  have low trading volume and are illiquid,  which  may

prevent  the  Partnership from trading in potentially  profitable

markets  or  prevent  the Partnership from  promptly  liquidating

unfavorable  positions  in  such markets  and  subjecting  it  to

substantial  losses.   Either of these  market  conditions  could

result in restrictions on redemptions.


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

expect  to  have, any capital assets.  Redemptions of  additional

Units in the future will impact the amount of funds available for

investments in commodity futures and forward contracts and  other

commodity  interests.  As redemptions are at  the  discretion  of

Limited  Partners, it is not possible to estimate the amount  and

therefore, the impact of future redemptions.

<PAGE>
Results of Operations

For the Quarter ended March 31, 1997

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

revenues, including interest income and change in value of  Yield

Pool  were  $445,330.  During the first quarter, the  Partnership

posted  a  loss in Net Asset Value per Unit. The most significant

gains  were recorded in the currency markets due primarily  to  a

strengthening in the value of U.S. dollar relative to most  major

currencies  during January and February.  Additional  gains  were

recorded in the stock portion of the portfolio from long S&P  500

index  futures  positions as domestic stock prices  moved  higher

during  January and February before reversing lower during March.

Trading  gains  were  also experienced  in  the  managed  futures

portion of the balanced portfolio from short positions in oil and

gas  futures  as  prices  in  these markets  moved  lower  during

February.   A  portion of the overall gains for the  quarter  was

offset by losses recorded from long positions in the bond portion

of  the  portfolio as U.S. bond prices moved in a choppy  pattern

during the quarter.  Additionally, losses during the quarter were

attributed  to  a decline in the value of the zero coupon  United

States Treasury securities held in the guarantee portion of the



<PAGE>

Partnership.  Total  expenses  for  the  quarter  were   $753,373

resulting  in  a loss before minority interest of $308,043.   The

minority  interest in such loss was $11,967 resulting  in  a  net

loss of $320,010 for the Partnership.  The value of an individual

Unit in the Partnership decreased from $1,479.85 at December  31,

1996 to $1,470.72 at March 31, 1997.



For the Quarter Ended March 31, 1996

For  the  quarter  ended March 31, 1996, the Partnership's  total

trading  losses, net of interest income and including a  decrease

in  value  of the Yield Pool were $5,246,850.  During  the  first

quarter, the Partnership posted a decrease in Net Asset Value per

Unit.   The  most significant losses were recorded  in  the  bond

portion  of  the balanced portfolio from long positions  in  U.S.

Treasury  bond futures as prices moved dramatically lower  during

February  and into March.  Additional losses during  the  quarter

were  attributed  to  a decline in the value of  the  zero-coupon

United  States Treasury securities held in the guarantee  portion

of  the  Partnership.  Losses were also recorded in  the  managed

futures  portion of the balanced portfolio in February as  global

interest rate futures also reversed their upward trend.   Trading

losses

<PAGE>

were  also  experienced  in the managed futures  portion  of  the

portfolio  in the currency markets during February  as  a  sudden

upward  move  occurred in the value of most  European  currencies

relative to the U.S. dollar  A portion of these losses was offset

by  gains from short positions in the Japanese yen during January

and  March.  Smaller losses were recorded in the managed  futures

portion  of  the  portfolio from trading soft  commodities,  base

metals  and  energy futures during the first  quarter.   A  small

portion of the overall losses for the quarter was offset by gains

in  the stock portion of the balanced portfolio as S&P 500  index

futures  prices moved higher during the quarter.  Total  expenses

for  the  quarter  were  $746,948, resulting  in  a  loss  before

minority interest of $5,993,798.  The minority interest  in  such

loss  was $91,805, resulting in a net loss of $5,901,993 for  the

Partnership.  The value of an individual Unit in the  Partnership

decreased  from  $1,562.26 at December 31, 1995 to  $1,416.23  at

March 31, 1996.









<PAGE>

                   PART II.  OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

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

purported class actions were filed in the Superior Court  of  the

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

purchasers  of  interests in limited partnership commodity  pools

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

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

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

limited  partnership  commodity pools of  which  Demeter  is  the

general  partner, and certain trading advisors  to  those  pools.

Similar  purported class actions were also filed on September  18

and  20, 1996 in the Supreme Court of the State of New York,  New

York  County, and on November 14, 1996 in the Superior  Court  of

the State of Delaware, New Castle County, against the Dean Witter

Parties  and certain trading advisors on behalf of all purchasers

of  interests in various limited partnership commodity pools sold

by  DWR.  Generally, these complaints allege, among other things,

that  the  defendants committed fraud, deceit, misrepresentation,

breach   of  fiduciary  duty,  fraudulent  and  unfair   business

practices, unjust enrichment, and conversion in connection with

<PAGE>

the  sale  and  operation  of  the  various  limited  partnership

commodity  pools.   The  complaints seek unspecified  amounts  of

compensatory  and  punitive damages  and  other  relief.   It  is

possible  that additional similar actions may be filed and  that,

in  the course of these actions, other parties could be added  as

defendants.   The  Dean  Witter Parties believe  that  they  have

strong  defenses  to,  and  they  will  vigorously  contest,  the

actions.   Although  the ultimate outcome  of  legal  proceedings

cannot  be  predicted  with  certainty,  it  is  the  opinion  of

management of the Dean Witter Parties that the resolution of  the

actions  will not have a material adverse effect on the financial

condition or the results of operations of any of the Dean  Witter

Parties.









<PAGE>



Item 6. Exhibits and Reports on Form 8-K

        (A)      Exhibits - None.


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



              

<PAGE>
                           SIGNATURE



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




                               Dean Witter Principal Plus
                                 Fund L.P. (Registrant)

                               By: Demeter Management Corporation
                                  (General Partner)

May   13,   1997                    By:  /s/   Patti  L.   Behnke
                                               Patti L. Behnke
                                               Chief Financial Officer




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