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. 0-19901

         DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.

     (Exact name of registrant as specified in its charter)


          Delaware                                13-3642323
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 GLOBAL PERSPECTIVE PORTFOLIO 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)..........7-12

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 .................................. 23-35

Part II. OTHER INFORMATION

Item 1. Legal Proceedings..............................36-37

Item 5. Other Information..............................37-38

Item 6. Exhibits and Reports on Form 8-K...............38-39



</TABLE>



<PAGE>
<TABLE>
                 PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

         DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO 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                               11,384,090     14,098,056

    Net    unrealized    gain    on   open    contracts    (MSIL)
357,384                                   -
   Net   unrealized   loss   on  open  contracts   (MS   &   Co.)
(69,911)                                  -
 Net unrealized gain (loss) on open contracts (Carr)    (150,084)
987,025

  Total  net  unrealized  gain  on  open  contracts       137,389
987,025

      Total Trading Equity          11,521,479     15,085,081

Due from DWR                            64,768         65,610
Interest receivable (DWR)               45,946          53,212

      Total Assets                  11,632,193     15,203,903


LIABILITIES AND PARTNERS' CAPITAL

Liabilities

Redemptions payable                    276,420        310,659
Accrued management fees                 29,023         37,986
Accrued administrative expenses         20,365         9,491

      Total Liabilities                325,808        358,136

Partners' Capital

 Limited Partners (12,800.986 and
       15,086.096 Units, respectively) 11,118,802  14,636,245
 General Partner (215.962 Units)       187,583        209,522

 Total Partners' Capital            11,306,385     14,845,767

  Total  Liabilities and Partners' Capital    11,632,193    15,20
3,903


NET ASSET VALUE PER UNIT           868.59               970.18

<FN>
          The accompanying notes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
<TABLE>
         DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
                    STATEMENTS OF OPERATIONS
                           (Unaudited)



<CAPTION>



                                For the Quarters Ended June 30,

                                        2000        1999
                                          $            $
REVENUES
<S>
<C>                              <C>
 Trading profit (loss):
       Realized                         (327,418)         862,362
Net change in unrealized           (447,830)      844,055
      Total Trading Results        (775,248)    1,706,417
 Interest Income (DWR)               146,555       160,572
      Total Revenues               (628,693)     1,866,989

EXPENSES

   Brokerage   commissions  (DWR)          213,416        319,985
Management    fees                          92,415        141,772
Transaction   fees  and  costs              26,645         42,224
Administrative     expenses                     5,270      11,785
Incentive                                                    fees
-                                                 18,001
    Total Expenses                   337,746       533,767

NET INCOME (LOSS)                  (966,439)    1,333,222

NET INCOME (LOSS) ALLOCATION

   Limited   Partners                    (951,231)      1,316,261
General Partner                     (15,208)       16,961

NET INCOME (LOSS) PER UNIT

                         Limited                         Partners
(70.42)                                   78.54
                          General                         Partner
(70.42)                                   78.54

<FN>

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

         DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
                    STATEMENTS OF OPERATIONS
                           (Unaudited)


<CAPTION>

                               For the Six Months Ended June 30,

                                        2000        1999
                                          $            $
REVENUES
<S>
<C>                               <C>
 Trading profit (loss):
        Realized                          (137,850)     1,956,650
Net change in unrealized           (849,636)    (333,153)
      Total Trading Results        (987,486)  1,623,497
 Interest Income (DWR)               307,013     318,812
      Total Revenues               (680,473)    1,942,309

EXPENSES

   Brokerage   commissions   (DWR)           465,942      637,169
Management    fees                         200,713        280,894
Transaction    fees   and   costs              54,991      82,084
Administrative    expenses                  14,272         23,350
Incentive fees                    ______-___         18,001
    Total Expenses                   735,918    1,041,498

NET INCOME (LOSS)                (1,416,391)       900,811

NET INCOME (LOSS) ALLOCATION

    Limited   Partners                  (1,394,452)       889,182
General Partner                     (21,939)     11,629
NET INCOME (LOSS) PER UNIT

 Limited Partners                   (101.59)      53.85
                          General                         Partner
(101.59)                                          53.85


<FN>

          The accompanying notes are an integral part
                 of these financial statements.
</TABLE>
<PAGE>
<TABLE>
         DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO 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   17,646.093  $18,754,867        $232,376     $18,987,243

Net                                                        Income
-                        889,182            11,629  900,811

Redemptions               (1,138.732)                 (1,237,158)
-                                   (1,237,158)

Partners' Capital,
 June 30, 1999         16,507.361          $18,406,891           $244,005
$18,650,896




Partners' Capital,
 December 31, 1999   15,302.058  $14,636,245        $209,522     $14,845,767

Net                                                          Loss
-                                 (1,394,452)        (21,939)  (1
,416,391)

Redemptions               (2,285.110)                 (2,122,991)
-                                   (2,122,991)

Partners' Capital,
 June 30, 2000         13,016.948          $11,118,802           $187,583
$11,306,385





<FN>






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



</TABLE>

<PAGE>
<TABLE>
          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO 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)                 (1,416,391)            900,811
Noncash item included in net income (loss):
    Net change in unrealized          849,636            333,153

(Increase) decrease in operating assets:
    Due from DWR                          842            (35,035)
Interest receivable (DWR)               7,266            (687)
Increase (decrease) in operating liabilities:
     Accrued  management fees           (8,963)             (845)
Accrued  administrative expenses        10,874             13,899
Incentive                      fees                       payable
_______-___                          18,001
Net  cash provided by (used for) operating activities   (556,736)
1,229,297

CASH FLOWS FROM FINANCING ACTIVITIES

Decrease in redemptions payable      (34,239)            (775)
Redemptions        of       Units                     (2,122,991)
(1,237,158)
Net    cash    used   for   financing   activities    (2,157,230)
(1,237,933)
Net decrease in cash              (2,713,966)            (8,636)
Balance     at     beginning     of     period         14,098,056
17,208,838
Balance     at     end     of     period               11,384,090
17,200,202



<FN>

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





<PAGE>

          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO 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  Global

Perspective  Portfolio 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  Global  Perspective Portfolio L.P.  is  a  Delaware

limited  partnership  organized  to  engage  primarily   in   the

speculative trading of futures and forward contracts, options  on

futures  contracts,  physical  commodities  and  other  commodity

interests (collectively, "futures interests").



The   general   partner   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.



<PAGE>
          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)


The  trading advisors for the Partnership are ELM Financial, Inc.

("ELM"),  EMC  Capital  Management,  Inc.  ("EMC")  and  Millburn

Ridgefield  Corporation ("Millburn") (collectively  the  "Trading

Advisors").



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 and forward contracts, options  on

futures  contracts,  physical  commodities  and  other  commodity

interests.  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.





<PAGE>

          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)




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

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 on open contracts  are  reported  as  a

component  of  "Equity in futures interests trading accounts"  on

the  statements of financial condition and totaled  $137,389  and

$987,025 at June 30, 2000 and December 31, 1999, respectively.



<PAGE>

          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)


Of the $137,389 net unrealized gain on open contracts at June 30,

2000,  $309,641 related to exchange-traded futures contracts  and

$(172,252)   related  to  off-exchange-traded  forward   currency

contracts.



Of the $987,025 net unrealized gain on open contracts at December

31,  1999,  $957,815 related to exchange-traded futures contracts

and  $29,210  related  to  off-exchange-traded  forward  currency

contracts.



Exchange-traded futures contracts held by the Partnership at June

30,  2000 and December 31, 1999 mature through June 2001 and June

2000,    respectively.   Off-exchange-traded   forward   currency

contracts  held by the Partnership at June 30, 2000 and  December

31,   1999   mature  through  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

<PAGE>

          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
            NOTES TO FINANCIAL STATEMENTS (CONTINUED)
futures and future-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 on all  open

futures and futures-styled options contracts, which funds, in the

aggregate, totaled $11,693,731 and $15,055,871 at June  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  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>
          DEAN WITTER GLOBAL PERSPECTIVE PORTFOLIO L.P.
            NOTES TO FINANCIAL STATEMENTS (CONCLUDED)


4.  Subsequent Event

On  August 1, 2000, the Net Assets previously managed by ELM were

reallocated equally among EMC and Millburn following the  payment

of  July redemptions out of the Partnership from those Net Assets

previously  managed  by  ELM.   Future  redemptions  out  of  the

Partnership   will  be  allocated  among  EMC  and  Millburn   in

proportion to the percentage of monthly average equity managed by

each.



































<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  nor liquidated unless traders are willing to effect trades

at  or  within the limit.  Futures prices have occasionally moved

the





<PAGE>

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  and  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 ("Units") 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.



Results of Operations

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  $628,693  and

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

significant  losses of approximately 5.4% were  recorded  in  the

global  interest rate futures markets primarily  from  long  U.S.

interest  rate futures positions during April as prices  declined

amid fears of

<PAGE>

higher  interest  rates and inflation.  Newly  established  short

U.S.  interest rate futures positions incurred additional  losses

during May as prices moved higher later in the month as investors

shed  stock  holdings for the safe haven of bonds.   Losses  were

also  recorded  from long German interest rate futures  positions

during  June  as  European  bond prices  declined  following  the

European Central Bank's interest rate increase, anxiety about oil

prices  prior to OPEC's meeting, weakness in the euro and  strong

German  inflation  numbers.  Additional losses  of  approximately

4.6% were experienced in the currency markets as a reversal lower

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

currencies  resulted in losses for short Japanese  yen  positions

during June.  In the metals markets, losses of approximately 2.1%

were  incurred from long nickel futures positions  as  most  base

metals  prices moved lower in late May amid a technical sell-off.

Short  silver  futures positions also incurred losses  as  prices

surged  during late May, helped by a jump in gold  prices  and  a

slip  in  the  U.S.  dollar.  In the global stock  index  futures

markets, losses of approximately 2.0% were recorded from  trading

Hang  Seng  Index futures during April and June.  Long DAX  Index

futures positions were also unprofitable as European stock  index

futures  prices  decreased  after  the  European  Central  Bank's

aggressive  interest rate hike.  Smaller losses of  approximately

0.6%  were  recorded in the agricultural markets during  May  and

June from short wheat futures positions as prices move higher  on

weather  concerns.  A portion of overall Partnership  losses  was

offset by gains recorded

<PAGE>

in  the energy markets of approximately 5.7% primarily from  long

natural gas futures positions as prices moved to four-year  highs

during  May amid supply woes that were heightened by low  storage

injection   data  reported  by  the  American  Gas   Association.

Additional  gains of approximately 1.0% were experienced  in  the

soft  commodities  markets from long sugar futures  positions  as

prices trended to 22-month highs during June due to strong demand

and  declining  production from Brazil.  Total expenses  for  the

three  months ended June 30, 2000 were $337,746, resulting  in  a

net loss of $966,439.  The value of a Unit decreased from $939.01

at March 31, 2000 to $868.59 at June 30, 2000.



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

total  trading  losses  net of interest income  of  $680,473  and

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

significant  losses of approximately 6.4% were  recorded  in  the

global  interest rate futures markets primarily  from  long  U.S.

interest  rate futures positions during April as prices  declined

amid  fears  of  higher  interest  rates  and  inflation.   Newly

established   short   U.S.   interest  rate   futures   positions

contributed  to  these losses during May as prices  moved  higher

later in the month as investors shed stock holdings for the  safe

haven  of  bonds.  Additional losses of approximately  5.1%  were

experienced in the currency markets primarily from short Japanese

yen  positions  as the value of the yen strengthened  versus  the

U.S. dollar and major European currencies during March on reports

of yen repatriation by

<PAGE>

institutions ahead of the Japanese fiscal year-end on  March  31.

During June, short Japanese yen positions incurred losses as  the

value  of  the  U.S.  dollar  weakened  versus  the  yen  on  the

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

In   the   global   stock  index  futures  markets,   losses   of

approximately  4.1%  resulted primarily from  trading  Hang  Seng

Index  futures  throughout the first half of the  year.   In  the

metals  markets,  losses  of  approximately  2.0%  were  incurred

primarily  from short silver futures positions as  prices  surged

during  late May on a jump in gold prices and a slip in the  U.S.

dollar.   Smaller losses of approximately 1.5% were  recorded  in

the  agricultural  markets  primarily  from  long  wheat  futures

positions  during  February as prices  declined  on  insufficient

demand  and  heavy  rain  in  the U.S.  production  area.   Newly

established  short wheat futures positions were also unprofitable

as  prices moved higher during March and a majority of the second

quarter  on  weather concerns.  A portion of overall  Partnership

losses was offset by gains of approximately 7.0% recorded in  the

energy  markets primarily from long natural gas futures positions

as  prices  moved to four-year highs during May amid supply  woes

that were heightened by low storage injection data.  Long futures

positions  in crude oil and its refined products also contributed

profits  as  oil  prices  increased  during  January  on  growing

speculation  that OPEC would extend production  cuts  beyond  the

deadline  of March 2000.  Additional gains of approximately  1.0%

were recorded in the soft commodities markets primarily from long

sugar futures positions as prices trended to

<PAGE>

22-month  highs  during June due to strong demand  and  declining

production  from Brazil.  During the first quarter,  short  sugar

futures positions also resulted in gains as prices dropped during

January  amid  sustained fears of global supply  surplus.   Total

expenses  for  the six months ended June 30, 2000 were  $735,918,

resulting  in  a  net loss of $1,416,391.  The value  of  a  Unit

decreased  from $970.18 at December 31, 1999 to $868.59  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  $1,866,989

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

significant gains of approximately 9.4% were experienced  in  the

global  interest  rate  futures  markets  primarily  from   short

positions in Japanese bond futures as prices fell during quarter-

end amid news of stronger-than-expected economic growth in Japan.

Short positions in European bond futures were also profitable  as

prices  in  these markets moved lower during June  on  a  general

negative  tone regarding the European common currency, a  decline

in  U.S. Treasury bond prices and bearish sentiment pertaining to

the  overall  health of the European economy.  These  gains  were

partially   offset   by  losses  in  the  currency   markets   of

approximately 1.0% from short Japanese yen positions as the yen's

value  temporarily strengthened during mid-June versus  the  U.S.

dollar on reports of stronger-than-expected gross domestic

<PAGE>

product  data  from Japan.  Newly established long  Japanese  yen

positions  produced  losses later in  June  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

0.9%  were  incurred in the agricultural markets  primarily  from

short positions in soybean meal and corn futures as soybean  meal

prices  surged during April as a result of investment fund short-

covering,  reports  by  the USDA lowering  supply  estimates  and

unfavorable  weather in South America, while  corn  prices  edged

higher  during  May on an increase in U.S. exports and  forecasts

for  extended heat and dryness in most Midwestern states.  In the

soft  commodities  markets,  losses of  approximately  0.8%  were

recorded  primarily from long coffee futures positions as  prices

declined  due  to  warm  weather in Brazil  and  ample  warehouse

supplies  during June. Total expenses for the three months  ended

June  30,  1999  were  $533,767,  resulting  in  net  income   of

$1,333,222.   The  value of a Unit increased  from  $1,051.31  at

March 31, 1999 to $1,129.85 at June 30, 1999.



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

total  trading  revenues including interest income of  $1,942,309

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

significant  gains  of approximately 7.1% were  recorded  in  the

global  interest  rate  futures  markets  primarily  from   short

positions in European bond futures, particularly British and

<PAGE>

German  interest rate futures, as prices in these  markets  moved

lower  during June amid a general negative tone over the European

common  currency,  a  decline in U.S. Treasury  bond  prices  and

bearish  sentiment  pertaining  to  the  overall  health  of  the

European  economy.   Additional  gains  were  experienced  during

February  from  short  U.S. interest rate  futures  positions  as

domestic  bond  prices  fell significantly  due  to  strong  U.S.

economic  data and warnings of inflation in the U.S.  by  Federal

Reserve  Chairman  Alan  Greenspan.   Short  positions  in   U.S.

interest rate futures were also profitable during May as domestic

bond  prices dropped sharply due to a rise in the Consumer  Price

Index  and  Alan  Greenspan's  comments  regarding  the  unlikely

possibility   of   continued  U.S.  economic  expansion   without

significant   inflation.   In  the  energy  markets,   gains   of

approximately 0.8% were recorded primarily during March and April

from  long  crude  oil  futures positions  as  oil  prices  moved

considerably higher on news that both OPEC and non-OPEC countries

had reached an agreement to cut total output by approximately two

million  barrels  a day beginning April 1st.   Smaller  gains  of

approximately  0.6%  were  experienced in  the  currency  markets

primarily from short positions in the euro and Swiss franc as the

value  of  these  European currencies declined  versus  the  U.S.

dollar  due  to  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.  A



<PAGE>

portion  of these gains was offset by losses in the global  stock

index  futures  markets  of  approximately  3.0%  primarily  from

trading  S&P  500  Index futures during January and  February  as

domestic equity prices moved in a choppy pattern on concerns that

strong economic growth in the U.S. would lead to an interest rate

hike  by the Federal Reserve.  Additional losses of approximately

1.6% were recorded in the soft commodities markets primarily from

long  coffee futures positions during January as prices  declined

amid  fears  that economic turmoil in Brazil would lead  them  to

flood  the  market  with increased exports.   During  June,  long

coffee futures positions were also unfavorable as prices declined

due  to warm weather in Brazil and ample warehouse supplies.   In

the  metals  markets, losses of approximately 1.3% were  incurred

primarily  during  May from long positions  in  zinc  and  copper

futures as the prices of most base metals fell significantly amid

large  supply,  low  demand  and the unlikely  possibility  of  a

production   cut   in  the  near  future.   Smaller   losses   of

approximately  0.6% were experienced in the agricultural  markets

primarily  from  short  corn futures positions  as  prices  moved

higher  on an increase in U.S. exports and forecasts for extended

heat  and dryness in most Midwestern states.  Total expenses  for

the six months ended June 30, 1999 were $1,041,498, resulting  in

net  income  of  $900,811.  The value of a  Unit  increased  from

$1,076.00 at December 31, 1998 to $1,129.85 at June 30, 1999.




<PAGE>

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

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.

<PAGE>

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

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.

<PAGE>

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 used 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 upon 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.



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 Partnership'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

<PAGE>

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 risk category as of June 30, 2000 and 1999. As

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

was approximately $11 million and $19 million, respectively.

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

     Interest Rate               (1.71)%             (2.35)%

     Currency                    (1.11)              (2.06)

     Equity                      (0.64)              (1.09)

     Commodity                   (1.29)              (1.15)

     Aggregate Value at Risk     (2.25)%             (4.10)%


Aggregate Value at Risk represents the aggregate VaR of  all  the

Partnership's open positions and not the sum of the  VaR  of  the

individual Market Categories listed above.  Aggregate VaR will be

lower  as  it  takes  into  account correlation  among  different

positions and categories.



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

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

<PAGE>

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

Interest Rate                   (2.35)%      (0.91)%    (1.65)%

Currency                        (2.06)       (1.11)     (1.65)

Equity                          (1.09)       (0.64)     (0.83)

Commodity                       (1.29)       (0.70)     (0.98)

Aggregate Value at Risk          (4.10)%     (2.25)%    (2.78)%


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

the

<PAGE>

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

     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  each  of the Partnership's market risk exposures and  on  an

aggregate  basis  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

89%  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   expro-

priations,   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  were the primary trading risk  exposures  of  the

Partnership as of June 30, 2000, by market sector.  It may be



<PAGE>

anticipated  however,  that  these  market  exposures  will  vary

materially over time.



Interest Rate. The primary market exposure in the Partnership  is

in  the  global interest rate sector.  Exposure was spread across

the  U.S.,  German, Japanese and European interest rate  sectors.

Interest  rate  movements  directly  affect  the  price  of   the

sovereign  bond  futures positions held by  the  Partnership  and

indirectly  affect  the  value of its stock  index  and  currency

positions.   Interest rate movements in one country  as  well  as

relative  interest  rate movements between  countries  materially

impact   the   Partnership's  profitability.   The  Partnership's

primary  interest  rate exposure is generally  to  interest  rate

fluctuations  in the United States and the other  G-7  countries.

The  G-7  countries  consists of France, U.S., Britain,  Germany,

Japan,  Italy  and Canada.  However, the Partnership  also  takes

futures  positions  in the government debt of smaller  nations  -

e.g.  Australia.   Demeter anticipates that  G-7  and  Australian

interest rates will remain the primary interest rate exposure  of

the  Partnership  for  the foreseeable future.   The  changes  in

interest rates which have the most effect on the Partnership  are

changes  in long-term, as opposed to short-term, rates.  Most  of

the speculative futures positions held by the Partnership are  in

medium-  to long-term instruments.  Consequently, even a material

change in short-term rates would have little effect on the



<PAGE>

Partnership,  were  the  medium- to  long-term  rates  to  remain

steady.



Currency. The second largest market exposure at June 30, 2000 was

in  the currency complex.  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.



Equity.   The primary equity exposure is to equity price risk  in

the G-7 countries.  The stock index futures traded by the

<PAGE>

Partnership  are  by  law  limited to futures  on  broadly  based

indices.   As  of  June  30,  2000,  the  Partnership's   primary

exposures were in the Hang Seng (China), Nikkei (Japan)  and  All

Ordinaries   (Australia)  stock  indices.   The  Partnership   is

primarily  exposed to the risk of adverse price trends or  static

markets  in  the  U.S.,  European and Japanese  indices.   Static

markets  would not cause major market changes but would  make  it

difficult  for  the Partnership to avoid being  "whipsawed"  into

numerous small losses.



Commodity.

Energy.  On June 30, 2000, the Partnership's energy exposure  was

shared  primarily  by  futures contracts in  the  crude  oil  and

natural  gas  markets.  Price movements in these  markets  result

from political developments in the Middle East, weather patterns,

and  other economic fundamentals.  It is possible that volatility

will  remain  high.  Significant profits and losses,  which  have

been  experienced  in the past, are expected to  continue  to  be

experienced in this market.  Natural gas has exhibited volatility

in  prices resulting from weather patterns and supply and  demand

factors and may continue in this choppy pattern.



Soft  Commodities  and Agriculturals .  On  June  30,  2000,  the

Partnership  had  exposure  in the markets  that  comprise  these

sectors.  Most of the exposure, however, was in the coffee,



<PAGE>

sugar and cotton markets.  Supply and demand inequalities, severe

weather disruption and market expectations affect price movements

in these markets.



Metals.  The Partnership's primary metals market exposure  is  to

fluctuations  in the price of gold and silver.  Although  certain

Trading Advisors will from time to time trade base metals such as

aluminum,  copper,  nickel and zinc, the Partnership's  principal

market exposures have consistently been in precious metals,  gold

and  silver.   Exposure was evident in the gold  market  as  gold

prices  were  volatile  during the quarter.  Silver  prices  have

remained volatile over this period, and the Trading Advisors have

from  time  to  time  taken  positions  as  market  opportunities

developed.  Demeter anticipates that gold and silver will  remain

the primary metals market exposure for the Partnership.



Qualitative Disclosures Regarding Non-Trading Risk Exposure

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

Partnership as of June 30, 2000:



Foreign  Currency  Balances.  The Partnership's  primary  foreign

currency  balances  were in Hong Kong dollars.   The  Partnership

controls  the  non-trading risk of these  balances  by  regularly

converting  these balances back into dollars upon liquidation  of

the respective position.



<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

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

against the traders,



<PAGE>

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.



On  August  1,  2000,  the Net Assets managed  by  ELM  were  re-

allocated equally among EMC and Millburn following the payment of

July  redemptions  out of the Partnership from those  Net  Assets

previously managed by ELM.  Future redemptions will be  allocated

among EMC and Millburn in proportion to the percentage of monthly

average equity managed by each.



Item 6.   EXHIBITS AND REPORTS ON FORM 8-K

(A)   Exhibits

3.01 Limited  Partnership Agreement of the Partnership, dated  as
     of  November 7, 1991 is incorporated by reference to Exhibit
     3.01  and  Exhibit  3.02  of the Partnership's  Registration
     Statement on Form S-1.

10.01Management  Agreements  among the Partnership,  Demeter  and
     A.O.   Management,   Inc.,  Chang   Crowell   and   Millburn
     each  dated  as  of  December 31, 1991  is  incorporated  by
     reference    by   Exhibit   10.02   of   the   Partnership's
     Registration Statement on Form S-1.

10.  02                                      Management Agreement
     among    the    Partnership,   Demeter            Management
     Corporation and ELM Financial Incorporated dated as  of  May
     1,  1994  is incorporated by reference to Exhibit  10.03  of
     the  Partnership's Annual Report on Form 10-K for the fiscal
     year ended December 31, 1994.

10.  03                                      Management Agreement
among the Partnership, Demeter Manage-
                                             ment Corporation and
     EMC  Capital Management, Inc. dated as of June  1,  1994  is
     incorporated   by  reference  to  Exhibit   10.04   of   the
     Partnership's  Annual Report on Form  10-K  for  the  fiscal
     year ended December 31, 1994.





<PAGE>
10.  04                                      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   10.04   of   the
     Partnership's Form 10-K (File No. 0-19901) for  fiscal  year
     ended December 31, 1998.

10.05                                         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  10.05  of  the
  Partnership's  Form  10-K (File No. 0-19901)  for  fiscal  year
  ended December 31, 1998.

10.      06                                         International
  Foreign  Exchange  Master  Agreement,  dated  as             of
  August  1,  1997,  between the Partnership  and  Carr  Futures,
  Inc.  is  incorporated  by reference to Exhibit  10.06  of  the
  Partnership's  Form  10-K (File No. 0-19901)  for  fiscal  year
  ended December 31, 1998.

10.07 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 Global Perspective
                           Portfolio 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.