AMENDED AND RESTATED
                        ESCROW AGREEMENT

                             Dated as of March 10, 2000

The Chase Manhattan Bank
450 W. 33rd Street, 15th Floor
New York, New York  10001
Attn:  Mr. Paul Gilkeson

          Re:  Morgan Stanley Dean Witter Spectrum Series
               Escrow Account

Gentlemen:

               In  accordance with arrangements made  by  Demeter
Management  Corporation,  a  Delaware corporation  (the  "General
Partner"),  on  behalf  of Morgan Stanley  Dean  Witter  Spectrum
Select L.P., Morgan Stanley Dean Witter Spectrum Technical  L.P.,
Morgan  Stanley  Dean  Witter  Spectrum  Strategic  L.P.,  Morgan
Stanley Dean Witter Spectrum Global Balanced L.P., Morgan Stanley
Dean  Witter  Spectrum Currency L.P. ("Spectrum  Currency"),  and
Morgan  Stanley  Dean  Witter Spectrum  Commodity  L.P.,  each  a
Delaware  limited partnership (collectively, the  "Partnerships,"
and each individually, a "Partnership"), and Dean Witter Reynolds
Inc.,  the  selling agent for the Partnerships (the  "Depositor";
the   Partnerships  and  the  Depositor  being  herein  sometimes
collectively referred to as the "Parties" or, individually, as  a
"Party"),  the  Depositor shall: (i) deliver to  you,  as  Escrow
Agent,  all  subscription  funds  (by  the  direct  transfer   of
immediately  available funds into a non-interest  bearing  escrow
account  established by you for the Partnerships, for  investment
in  your interest bearing money market account) received  by  the
Depositor  from  each subscriber ("Subscriber" or,  collectively,
the  "Subscribers") during Spectrum Currency's "initial  offering
period" (as such term is described in the prospectus, dated March
6,  2000,  relating to Spectrum Currency and Spectrum  Commodity)
and  each  Partnership's "continuing offering" (as such  term  is
described in the Partnerships' applicable Prospectus, each  dated
March 6, 2000, as updated, supplemented, and amended from time to
time, the "Prospectuses") in connection with the offering to  the
public   of  units  of  limited  partnership  interest   of   the
Partnerships  (the  "Units") and (ii) promptly  transmit  to  the
General Partner a complete report of all funds deposited with you
during  the  initial  offering period of  Spectrum  Currency  and
continuing  offering of each Partnership.  You, as Escrow  Agent,
shall  hold  such subscription funds together with any additions,
substitutions, or other financial instruments in which such funds
may  be  invested  or  for  which such  funds  may  be  exchanged
(collectively referred to herein as the "Fund"), IN  ESCROW  upon
the following terms:

          1.   (a)  Following receipt by you of written notice from the
General   Partner  that  the  General  Partner  has  rejected   a
Subscriber's subscription, in whole or in part, during either the
initial  offering  period  of  Spectrum  Currency  or  continuing
offering  of  each  Partnership,  you  shall  transmit   to   the
Depositor,  as  soon as practicable but in no  event  later  than
three business days following receipt by you of such notice,  the
amount  of  such Subscriber's subscription funds  that  shall  as
having  been  deposited with you hereunder and that  the  General
<PAGE>Partner shall have notified you have been rejected and  any
interest earned on the Fund and allocated to the rejected  amount
of  such  subscription in accordance with Section 2 hereof.   You
shall at the same time give notice to the Depositor of the amount
of aggregate subscription funds and/or interest so returned.

               (b)    On  the  second  business  day  before  the
scheduled  day of each closing, the General Partner shall  notify
you  of the portion of the Fund that represents subscriptions  to
be  accepted  by the General Partner for each Partnership.   Upon
receipt  by you of joint written notice from the General  Partner
and  the Depositor on the date of each such closing to the effect
that  all of the terms and conditions with respect to the release
of  subscription funds from escrow set forth in the  Prospectuses
have  been fulfilled, you shall promptly pay and deliver to  each
of  the Partnerships that portion of the Fund specified for  such
Partnership   in   the   General  Partner's  prior   instructions
(excluding any interest earned on the Fund and funds relating  to
rejected subscriptions); provided, however, that in the  case  of
the  initial closing of Spectrum Currency you will only  pay  and
deliver  funds  to  the Partnerships after a minimum  of  600,000
Units  of  Spectrum  Currency have been  subscribed  for  in  the
aggregate  and not rejected by the General Partner and a  minimum
amount  of  $6,000,000 has cleared the U.S. banking  system  (the
subscription for each Unit of Spectrum Currency to be  $10.00  at
the  initial closing of Spectrum Currency and at each  subsequent
closing,  if  any,  at 100% of the net asset value  per  Unit  of
Spectrum Currency as of the close of business on the day  of  the
closing).

               (c)   On  the  date of each closing,  or  as  soon
thereafter  as  practicable, you shall transmit to the  Depositor
an   amount    representing:   (i)  for  each  Subscriber   whose
subscription shall be accepted by the General Partner in whole or
in  part,  any interest earned on the Fund and allocated  to  the
accepted  portion of such Subscriber's subscription in accordance
with  Section  2  hereof,  and (ii)  for  each  Subscriber  whose
subscription shall have been rejected by the General  Partner  in
whole or in part but whose subscription funds shall not have been
previously  returned to the Depositor by you in  accordance  with
Section  1(a) hereof, such Subscriber's subscription  funds  that
shall have been deposited with you hereunder and that shall  have
been rejected by the General Partner, and any interest earned  on
the   Fund  and  allocated  to  the  rejected  amount   of   such
subscription in accordance with Section 2 hereof.  You  shall  at
the  same  time  give notice to the Depositor  of  the  aggregate
amount of subscription funds and/or interest so returned.

               (d)   Notwithstanding Section  1(a)  hereof,  upon
receipt by you of written notice from the General Partner that  a
Subscriber  has  been  rejected or because  such  Subscriber  has
provided  bad  funds  in  the form of  a  bad  check,  draft,  or
otherwise  to the Depositor, you shall transmit to the Depositor,
within  three  business days following receipt  by  you  of  such
notice,  the  amount  of subscription funds  deposited  with  you
hereunder   relating  to  that  amount  (the  portion   of   such
Subscriber's  subscription for which good  funds  have  not  been
provided)  together  with any interest earned  on  the  Fund  and
allocated  to  such portion of such a subscription in  accordance
with  Section  2  hereof to the date of such  return,  and  shall
immediately  notify  the General Partner of the  return  of  such
funds.





               <PAGE>

          2.   You shall hold the Fund (including any interest earned
thereon) for the account of the Partnerships pending delivery  to
either  the Partnerships or the Depositor, pursuant to Paragraphs
1 or 3 hereof, as the case may be.  On each day that subscription
funds                                                         are
transferred to you hereunder in immediately available  funds  and
receipt  is confirmed before 2:00 P.M., New York City  time,  you
shall  immediately invest such subscription funds solely in  your
interest bearing money market account.  If subscription funds are
transferred to you in immediately available funds and receipt  is
confirmed  after  2:00 P.M., New York City  time,  you  shall  so
invest  such funds on the next day.  Interest earned on the  Fund
shall  be  allocated  by  the  Depositor  among  the  Subscribers
proportionately  based  on  (A) the amount  of  their  respective
subscriptions on deposit in the Fund and (B) the period  of  time
from the date that their respective subscriptions shall have been
deposited in the Fund to the earlier of the delivery of the  Fund
to  the  Partnerships at a closing or the Depositor in accordance
with Sections 1 or 3 hereof, as the case may be.
3.   If, during the initial offering period of Spectrum Currency,
you are notified in writing jointly by the Parties that
subscriptions for fewer than 600,000 Units have been subscribed
for and not rejected by the General Partner, that the offering of
Units has been terminated, and that no initial closing of
Spectrum Currency will be held, you shall transmit to the
Depositor, as soon as practicable but in no event later than
three business days after receipt by you of such notice, an
amount representing the full amount of all subscription funds
that shall have been deposited with you hereunder, together with
any interest earned on the Fund in accordance with Section 2
hereof.  You shall at the same time give notice to the Depositor
of the aggregate amounts of subscription funds and/or interest so
returned.
4.   The Parties further agree with you as follows:

               (a)   Your  duties and responsibilities  shall  be
limited solely to those expressly set forth in this Agreement and
are  ministerial in nature.  You shall neither be subject to  nor
obliged  to  recognize  any  other agreement  between,  or  other
direction  or  instruction of, any or all of the Parties  or  any
Subscriber  even  though reference thereto may  be  made  herein;
provided, however, that with your written consent, this Agreement
may  be  amended at any time or times by an instrument in writing
signed by the Parties.

               (b)   You are authorized, in your sole discretion,
to  disregard any and all notices or instructions given by any of
the  Parties or by any other person, firm, or corporation, except
only  such notices or instructions as are hereunder provided  for
and  orders  or  process of any court entered or issued  with  or
without jurisdiction.  If the Fund or any part thereof is at  any
time attached, garnished, or levied upon under any court order or
in  case the payment, assignment, transfer, conveyance, or  deliv
ery  of  the Fund shall be stayed or enjoined by any court order,
or  in  case  any  order, judgment, or decree shall  be  made  or
entered by any court affecting the Fund or any part thereof, then
and  in  any  such event you are authorized, in your sole  discre
tion,  to  rely upon and comply with any such order,  writ,  judg
ment, or decree that you are advised by legal counsel of your own
choosing  is  binding upon you, and if you comply with  any  such
order,  writ, judgment, or decree you shall not be liable to  any
of the Parties or to any

               <PAGE>other person, firm, or corporation by reason
of  such  compliance even though such order, writ,  judgment,  or
decree  may  be  subsequently reversed, modified,  annulled,  set
aside, or vacated.

               (c)   You shall be fully protected in relying upon
any  written notice, demand, certificate, document, or instrument
believed  by  you in good faith to be genuine and  to  have  been
signed  or presented by the proper person or persons or Party  or
Parties.   The Parties        shall provide you with  a  list  of
officers  and  employees  who  shall  be  authorized  to  deliver
instructions hereunder.  You shall not be liable for  any  action
taken or omitted by you in connection herewith in good faith  and
in the exercise of your own best judgment.

               (d)   Should any dispute arise with respect to the
delivery,  ownership, right of possession, and/or disposition  of
the  subscription funds deposited with you hereunder,  or  should
any  claim  be made upon any such subscription funds by  a  third
party, you, upon receipt of written notice of such dispute by any
of  the  Parties or by a third party, are authorized and directed
to  retain  in  your  possession all or any of such  subscription
funds until such dispute shall have been settled either by mutual
agreement  of the parties involved or by final order, decree,  or
judgment of any court in the United States.

               (e)   If for any reason funds are deposited in the
escrow  account  other than by transfer of immediately  available
funds,  you  shall  proceed  as soon as  practicable  to  collect
checks,  drafts, and other collection items at any time deposited
with you hereunder.  All such collections shall be subject to the
usual  collection  agreement regarding  items  received  by  your
commercial   banking  department  for  deposit   or   collection;
provided,  however, that if any check, draft, or other collection
item at any time deposited with you hereunder is returned to  you
as  being uncollectable (except by reason of an account closing),
you  shall  attempt  a second time to collect  such  item  before
returning  such item to the Depositor as uncollectable.   Subject
to  the  foregoing, you shall promptly notify the Parties of  any
uncollectable  check, draft, or other collection  item  deposited
with  you  hereunder and shall promptly return such uncollectable
item  to the Depositor, in which case you shall not be liable  to
pay  any  interest on the subscription funds represented by  such
uncollectable item.  In no event, however, shall you be  required
or have a duty to take any legal action to enforce payment of any
check or note deposited hereunder.

               (f)    You  shall  not  be  responsible  for   the
sufficiency  or  accuracy  of the form, execution,  validity,  or
genuineness  of  documents now or hereafter  deposited  with  you
hereunder,  or  for any lack of endorsement thereon  or  for  any
description  therein, nor shall you be responsible or  liable  in
any  respect on account of the identity, authority, or rights  of
the  persons executing or delivering or purporting to execute  or
deliver any such document, or endorsement or this Agreement.  You
shall  not  be liable for any loss sustained as a result  of  any
investment made pursuant to the instructions of the Parties or as
a  result  of  any  liquidation of an  investment  prior  to  its
maturity  or  the  failure  of  the  Parties  to  give  you   any
instructions  to  invest or reinvest the  Fund  or  any  earnings
thereon.





               <PAGE>

               (g)   All notices required or desired to be  deliv
ered  hereunder  shall be in writing and shall be effective  when
delivered  personally  on the day delivered,  or  when  given  by
registered or certified mail, postage prepaid, return receipt  re
quested, on the day of receipt, addressed as follows (or to  such
other  address  as the party entitled to notice  shall  hereafter
designate in accordance with the terms hereof):

                    if to a Partnership, the Partnerships or the
                    General Partner:

                    Demeter Management Corporation
                    Two World Trade Center, 62nd Floor
                    New York, New York 10048
                    Attn:     Mr. Robert E. Murray
                         President

                    if to the Depositor:

                    Dean Witter Reynolds Inc.
                    Two World Trade Center, 62nd Floor
                    New York, New York  10048
                    Attn:     Mr. Robert E. Murray
                         Senior Vice-President

                    in either case with a copy to:

                    Cadwalader, Wickersham & Taft
                    100 Maiden Lane
                    New York, New York  10038
                    Attn:     Edwin L. Lyon, Esq.

                    if to you:

                    The Chase Manhattan Bank
                    450 W. 33rd Street, 15th Floor
                    New York, New York  10001
                    Attn:     Mr. Paul Gilkeson

Whenever, under the terms hereof, the time for giving a notice or
performing an act falls on a Saturday, Sunday, or legal  holiday,
such time shall be extended to the next business day.

               (h)   The  Depositor agrees to indemnify,  defend,
and hold you harmless from and against, any and all loss, damage,
tax,  liability, and expense that may be incurred by you  arising
out  of  or  in connection with your duties hereunder, except  as
caused   by   your  gross  negligence,  bad  faith,  or   willful
misconduct,  including the legal costs and expenses of  defending
yourself  against any claim or liability in connection with  your
performance hereunder.



               <PAGE>

               (i)   You shall be paid by the Depositor for  your
services a fee of $3,000 in advance for each twelve month period;
the  first  twelve month period beginning from the date  of  this
Agreement  (each  twelve  month period shall  be  called  a  "Fee
Period").

               (j)   It  is understood that you may at  any  time
resign hereunder as Escrow Agent by giving written notice of your
resignation  to the Parties at their address set forth  above  at
least 20 days prior to the date specified for such resignation to
take effect, and upon the effective date of such resignation, all
property then held by you hereunder shall be delivered by you  to
such  person  as  may be designated jointly  by  the  Parties  in
writing, whereupon all your obligations hereunder shall cease and
terminate.   If you shall resign prior to the conclusion  of  any
Fee  Period you shall pay to the Depositor an amount equal to the
product of $3,000 and a fraction, the numerator of which shall be
the   number  of  days  remaining  in  the  Fee  Period  and  the
denominator of which shall be 365.  If no successor Escrow  Agent
has been appointed or has accepted such appointment by such date,
all  your  obligations  hereunder shall  nevertheless  cease  and
terminate.  Your sole responsibility thereafter shall be to  keep
safely all property then held by you and to deliver the same to a
person designated by the Parties hereto or in accordance with the
directions  of a final order or judgment of a court of  competent
jurisdiction.

          5.   This Agreement shall be governed by and construed in
accordance  with the law of the State of New York and any  action
brought hereunder shall be brought in the courts of the State  of
New York, sitting in the County of New York.
6.   The undersigned Escrow Agent hereby acknowledges and agrees
to hold, deal with, and dispose of, the Fund (including any
interest earned thereon) and any other property at any time held
by the Escrow Agent hereunder in accordance with this Agreement.


          <PAGE>
          If  the  foregoing  Agreement is satisfactory  to  you,
please so indicate by signing at the place provided below.


                     Sincerely,


                     MORGAN STANLEY DEAN WITTER SPECTRUM SELECT
                       L.P.


                     By:  Demeter Management Corporation, as
                       general partner



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     MORGAN STANLEY DEAN WITTER SPECTRUM
                       TECHNICAL L.P.


                     By:  Demeter Management Corporation, as
                       general partner



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     MORGAN STANLEY DEAN WITTER SPECTRUM
                       STRATEGIC L.P.


                     By:  Demeter Management Corporation, as
                       general partner











                     <PAGE>



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     MORGAN STANLEY DEAN WITTER SPECTRUM GLOBAL
                       BALANCED L.P.


                     By:  Demeter Management Corporation, as
                       general partner



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     MORGAN STANLEY DEAN WITTER SPECTRUM
                       CURRENCY L.P.


                     By:  Demeter Management Corporation, as
                       general partner



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     MORGAN STANLEY DEAN WITTER SPECTRUM
                       COMMODITY L.P.


                     By:  Demeter Management Corporation, as
                       general partner



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     DEAN WITTER REYNOLDS INC.



                     <PAGE>



                     By:/s/ Robert E. Murray
                        Robert E. Murray
                        President


                     Accepted and agreed to:


                     THE CHASE MANHATTAN BANK



                     By:/s/ P.J. Gilkeson
                        P.J. Gilkeson
                        Vice-President