Document:

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                                   Exhibit 4.2

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                 MORGAN STANLEY DEAN WITTER SELECT EQUITY TRUST
                      STRATEGIC SMALL CAP PORTFOLIO 2000-1
                            REFERENCE TRUST AGREEMENT

          This Reference  Trust Agreement  dated            ,  2000 between DEAN
     WITTER  REYNOLDS INC., as Depositor,  and The Bank of New York, as Trustee,
     sets forth certain  provisions in full and incorporates other provisions by
     reference to the document entitled "Dean Witter Select Equity Trust,  Trust
     Indenture and Agreement" (the "Basic Agreement") dated September 30,  1993.
     Such  provisions  as are  incorporated  by  reference  constitute  a single
     instrument (the "Indenture").

                                WITNESSETH THAT:

          In consideration of the premises and of the mutual  agreements  herein
     contained, the Depositor and the Trustee agree as follows:

                                       I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

          Subject  to the  provisions  of Part  II  hereof,  all the  provisions
     contained in the Basic  Agreement are herein  incorporated  by reference in
     their entirety and shall be deemed to be a part of this instrument as fully
     and to the same extent as though said provisions had been set forth in full
     in this  instrument  except that the Basic  Agreement is hereby  amended as
     follows:

          A. The first  sentence of Section 2.01 is amended to add the following
     language at the end of such  sentence:  "and/or cash (or a letter of credit
     in lieu of cash) with  instructions  to the Trustee to purchase one or more
     of such  Securities  which  cash  (or cash in an  amount  equal to the face
     amount of the letter of  credit),  to the extent not used by the Trustee to
     purchase  such  Securities  within the 90-day  period  following  the first
     deposit of Securities in the Trust, shall be distributed to Unit Holders on
     the  Distribution  Date next  following  such 90-day period or such earlier
     date as the Depositor and the Trustee determine".

          B. The first  sentence of Section 2.06 is amended to add the following
     language after "Securities"))": "and/or cash (or a letter of credit in lieu
     of  cash)  with  instructions  to the  Trustee  to  purchase  one  or  more

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     Additional  Securities  which cash (or cash in an amount  equal to the face
     amount of the letter of  credit),  to the extent not used by the Trustee to
     purchase such Additional  Securities within the 90-day period following the
     first  deposit of  Securities in the Trust,  shall be  distributed  to Unit
     Holders on the Distribution  Date next following such 90-day period or such
     earlier date as the Depositor and the Trustee determine".

          C.  Article  III,  entitled  "Administration  of Trust",  Section 3.01
     Initial Cost shall be amended as follows:

               Section  3.01  Initial  Cost shall be amended to  substitute  the
          following language:

                    Section 3.01. Initial Cost The costs of organizing the Trust
               and sale of the Trust Units shall,  to the extent of the expenses
               reimbursable  to the Depositor  provided  below,  be borne by the
               Unit Holders, provided,  however, that, to the extent all of such
               costs are not borne by Unit Holders, the amount of such costs not
               borne  by Unit  Holders  shall be  borne  by the  Depositor  and,
               provided further,  however, that the liability on the part of the
               Depositor  under this section shall not include any fees or other
               expenses  incurred in connection with the  administration  of the
               Trust subsequent to the deposit referred to in Section 2.01. Upon
               notification  from the Depositor that the primary offering period
               is  concluded,  the Trustee  shall  withdraw  from the Account or
               Accounts specified in the Prospectus or, if no Account is therein
               specified,  from the Principal Account,  and pay to the Depositor
               the Depositor's reimbursable expenses of organizing the Trust and
               sale of the Trust Units in an amount  certified to the Trustee by
               the  Depositor.  If the  balance  of  the  Principal  Account  is
               insufficient  to make such  withdrawal,  the  Trustee  shall,  as
               directed by the  Depositor,  sell  Securities  identified  by the
               Depositor,  or distribute to the  Depositor  Securities  having a
               value,  as  determined  under  Section  4.01  as of the  date  of
               distribution,    sufficient   for   such    reimbursement.    The
               reimbursement  provided  for in  this  section  shall  be for the
               account of the  Unitholders  of record at the  conclusion  of the

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               primary  offering  period  and  shall  not  be  reflected  in the
               computation of the Unit Value prior thereto.  As used herein, the
               Depositor's  reimbursable  expenses of  organizing  the Trust and
               sale of the Trust  Units  shall  include  the cost of the initial
               preparation  and  typesetting  of  the  registration   statement,
               prospectuses (including preliminary prospectuses), the indenture,
               and other documents relating to the Trust, SEC and state blue sky
               registration  fees,  the  cost of the  initial  valuation  of the
               portfolio  and audit of the Trust,  the initial fees and expenses
               of the  Trustee,  and  legal  and  other  out-of-pocket  expenses
               related thereto,  but not including the expenses  incurred in the
               printing of preliminary  prospectuses and prospectuses,  expenses
               incurred in the  preparation  and printing of brochures and other
               advertising  materials and any other selling  expenses.  Any cash
               which  the   Depositor   has   identified   as  to  be  used  for
               reimbursement  of  expenses  pursuant  to this  Section  shall be
               reserved by the Trustee for such purpose and shall not be subject
               to distribution or, unless the Depositor otherwise directs,  used
               for  payment  of  redemptions  in excess of the  per-Unit  amount
               allocable to Units tendered for redemption.

                    D. The third  paragraph of Section 3.05 is hereby amended to
               add the  following  sentence  after the first  sentence  thereof:
               "Depositor  may direct the Trustee to invest the  proceeds of any
               sale of  Securities  not required for the  redemption of Units in
               eligible money market instruments selected by the Depositor which
               will  include  only  negotiable  certificates  of deposit or time
               deposits  of  domestic  banks  which are  members of the  Federal
               Deposit Insurance Corporation and which have, together with their
               branches or  subsidiaries,  more than $2 billion in total assets,
               except that  certificates  of deposit or time deposits of smaller
               domestic  banks may be held  provided the deposit does not exceed
               the  insurance  coverage on the  instrument  (which  currently is
               $100,000),  and  provided  further  that  the  Trust's  aggregate
               holding of certificates of deposit or time deposits issued by the
               Trustee may not exceed the insurance coverage of such obligations
               and U.S.  Treasury  notes or bills (which shall be held until the
               maturity  thereof)  each of which matures prior to the earlier of
               the next following Distribution Date or 90 days after

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                    receipt,  the principal thereof and interest thereon (to the
               extent  such  interest is not used to pay Trust  expenses)  to be
               distributed  on the earlier of the 90th day after  receipt or the
               next following Distribution Date."

                    E. The first  sentence  of each of Sections  3.10,  3.11 and
               3.12 is amended to insert the following language at the beginning
               of such  sentence,  "Except  as  otherwise  provided  in  Section
               3.13,".

                    F. The following new Section 3.13 is added:

                    Section 3.13.  Extraordinary  Event - Security Retention and
               Voting.  In the event the Trustee is notified of any action to be
               taken or proposed to be taken by holders of the  securities  held
               by  the   Trust  in   connection   with  any   proposed   merger,
               reorganization,  spin-off, split-off or split-up by the issuer of
               stock or  securities  held in the Trust,  the Trustee  shall take
               such action or refrain from taking any action, as appropriate, so
               as to insure that the securities are voted as closely as possible
               in the same manner and in the same general  proportion as are the
               securities  held by  owners  other  than the  Trust.  If stock or
               securities are received by the Trustee,  with or without cash, as
               a result of any merger,  reorganization,  spin-off,  split-off or
               split-up by the issuer of stock or securities  held in the Trust,
               the Trustee at the  direction  of the  Depositor  may retain such
               stock or securities  in the Trust.  Neither the Depositor nor the
               Trustee  shall be liable to any  person for any action or failure
               to take action with respect to this section.

                    G. Section 1.01 is amended to add the following  definition:
               (9) "Deferred  Sales Charge" shall mean any deferred sales charge
               payable in accordance with the provisions of Section 3.12 hereof,
               as set forth in the prospectus for a Trust. Definitions following
               this definition (9) shall be renumbered.

                    H.  Section  3.05 is  hereby  amended  to add the  following
               paragraph  after the end thereof:  On each Deferred  Sales Charge
               payment date set forth in the prospectus for a Trust, the Trustee
               shall pay the account created pursuant to Section 3.12 the amount
               of the Deferred  Sales Charge payable on each such date as stated
               in the  prospectus  for a Trust.  Such amount  shall be withdrawn
               from the Principal  Account from the amounts  therein  designated
               for such purpose.

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                    I.  Section   3.06B(3)   shall  be  amended  by  adding  the
               following: "and any Deferred Sales Charge paid".

                    J. Section 3.08 shall be amended by adding the  following at
               the end thereof:  "In order to pay the Deferred Sales Charge, the
               Trustee  shall sell or liquidate an amount of  Securities at such
               time and from time to time and in such  manner  as the  Depositor
               shall direct such that the  proceeds of such sale or  liquidation
               shall  equal  the  amount  required  to be paid to the  Depositor
               pursuant to the Deferred Sales Charge program as set forth in the
               prospectus for a Trust.

                    K. Section 3.12 shall be added as follows:

                    Section 3.12. Deferred Sales Charge. If the prospectus for a
               Trust  specifies a Deferred Sales Charge,  the Trustee shall,  on
               the  dates  specified  in and  as  permitted  by the  prospectus,
               withdraw from the Income Account if such account is designated in
               the  prospectus  as the source of the  payments  of the  Deferred
               Sales  Charge,  or to the extent funds are not  available in that
               account  or if  such  account  is not  so  designated,  from  the
               Principal Account, an amount per Unit specified in the prospectus
               and credit such amount to a special, non-Trust account maintained
               at the Trustee  out of which the  Deferred  Sales  Charge will be
               distributed  to the  Depositor.  If  the  Income  Account  is not
               designated as the source of the Deferred  Sales Charge payment or
               if  the  balances  in  the  Income  and  Principal  Accounts  are
               insufficient to make any such  withdrawal,  the Trustee shall, as
               directed by the Depositor,  either advance funds, if so agreed to
               by the Trustee, in an amount equal to the proposed withdrawal and
               be entitled to  reimbursement of such advance upon the deposit of
               additional monies in the Income Account or the Principal Account,
               sell  Securities and credit the proceeds  thereof to such special
               Depositor's  account or credit Securities in kind to such special
               Depositor's   Account.   Such   directions   shall  identify  the
               Securities,  if any, to be sold or  distributed in kind and shall
               contain,  if the Trustee is directed by the  Depositor  to sell a
               Security,  instructions  as to execution of such sales. If a Unit
               Holder  redeems Units prior to full payment of the Deferred Sales
               Charge,  the Trustee shall, if so provided in the prospectus,  on
               the Redemption  Date,  withhold from the Redemption Price payment
               to such Unit Holder an amount equal to the unpaid  portion of the
               Deferred Sales Charge and distribute  such amount to such special
               Depositor's account or, if the Depositor shall purchase such Unit

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               pursuant to the terms of Section 5.02 hereof, the Depositor shall
               pay the Redemption Price for such Unit less the unpaid portion of
               the Deferred Sales Charge. The Depositor may at any time instruct
               the Trustee to  distribute  to the  Depositor  cash or Securities
               previously credited to the special Depositor's account.

                    L.  Reference  to  "Dean  Witter  Select  Equity  Trust"  is
               replaced by "Morgan Stanley Dean Witter Select Equity Trust".

                                       II.

                      SPECIAL TERMS AND CONDITIONS OF TRUST

        The following special terms and conditions are hereby agreed to:

                    A. The  Trust is  denominated  Morgan  Stanley  Dean  Witter
               Select Equity Trust,  Strategic  Small-Cap  Portfolio 2000-1 (the
               "Small-Cap Trust").

                    B. The publicly  traded  stocks  listed in Schedule A hereto
               are those  which,  subject to the terms of this  Indenture,  have
               been or are to be deposited in trust under this Indenture.

                    C. The term,  "Depositor"  shall mean Dean  Witter  Reynolds
               Inc.

                    D. The  aggregate  number of Units  referred  to in Sections
               2.03 and 9.01 of the Basic  Agreement is        for the Strategic
               Trust.

                    E. A Unit is hereby  declared  initially equal to 1/      th
               for the Strategic Trust.

                    F.  The  term   "In-Kind   Distribution   Date"  shall  mean
                         ,     .

                    G. The term  "Record  Dates" shall mean             ,      ,
                            ,     ,             ,      and            ,      and
               such other date as the Depositor may direct.

                    H. The term  "Distribution  Dates  shall mean              ,
                   ,             ,      ,              ,       and             ,
                    and such other date as the Depositor may direct.

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                    I. The term "Termination Date" shall mean      ,     .

                    J. The Depositor's Annual Portfolio Supervision Fee shall be
               a maximum of $0.25 per 100 Units.

                    K. The  Trustee's  Annual Fee as defined in Section  6.04 of
               the Indenture shall be $     per 100 Units.

                    L.  For a Unit  Holder  to  receive  "in-kind"  distribution
               during  the life of the Trust  other  than in  connection  with a
               rollover,  such Unit Holder must tender at least 25,000 Units for
               redemption.  On the  In-Kind  Date there is no minimum  amount of
               Units  that a Unit  Holder  must  tender in order to  receive  an
               "in-kind" distribution.

                    M. The  Indenture  is  amended  to  provide  that the period
               during which the Trustee  shall  liquidate  the Trust  Securities
               shall  not  exceed  14 business  days  commencing  on  the  first
               business day following the In-Kind Date.

               (Signatures and acknowledgments on separate pages)<PAGE>

                                   Exhibit 4.2

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                 MORGAN STANLEY DEAN WITTER SELECT EQUITY TRUST
                    SELECT TURNAROUND FOCUS LIST SERIES 2000
                            REFERENCE TRUST AGREEMENT

     This Reference Trust Agreement dated            ,  2000 between DEAN WITTER
REYNOLDS  INC., as Depositor,  and The Bank of New York, as Trustee,  sets forth
certain provisions in full and incorporates other provisions by reference to the
document  entitled  "Dean  Witter  Select  Equity  Trust,  Trust  Indenture  and
Agreement" (the "Basic Agreement") dated September 30,  1993. Such provisions as
are incorporated by reference constitute a single instrument (the "Indenture").

                                WITNESSETH THAT:

     In  consideration  of the  premises  and of the  mutual  agreements  herein
contained, the Depositor and the Trustee agree as follows:

                                       I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

     Subject to the provisions of Part II hereof,  all the provisions  contained
in the Basic  Agreement are herein  incorporated  by reference in their entirety
and  shall be deemed  to be a part of this  instrument  as fully and to the same
extent as though said  provisions had been set forth in full in this  instrument
except that the Basic Agreement is hereby amended as follows:

     A. The first  sentence  of Section  2.01 is  amended  to add the  following
language  at the end of such  sentence:  "and/or  cash (or a letter of credit in
lieu of cash) with  instructions  to the Trustee to purchase one or more of such
Securities  which  cash (or cash in an  amount  equal to the face  amount of the
letter of  credit),  to the extent  not used by the  Trustee  to  purchase  such
Securities within the 90-day period following the first deposit of Securities in
the Trust,  shall be distributed to Unit Holders on the  Distribution  Date next
following  such 90-day  period or such  earlier  date as the  Depositor  and the
Trustee determine".

     B. The first  sentence  of Section  2.06 is  amended  to add the  following
language after  "Securities"))":  "and/or cash (or a letter of credit in lieu of
cash) with  instructions  to the  Trustee  to  purchase  one or more  Additional

<PAGE>

Securities  which  cash (or cash in an  amount  equal to the face  amount of the
letter of  credit),  to the extent  not used by the  Trustee  to  purchase  such
Additional  Securities  within the 90-day period  following the first deposit of
Securities  in  the  Trust,   shall  be  distributed  to  Unit  Holders  on  the
Distribution  Date next following such 90-day period or such earlier date as the
Depositor and the Trustee determine".

     C. Article III, entitled  "Administration of Trust",  Section 3.01  Initial
Cost shall be amended as follows:

          Section 3.01 Initial Cost shall be amended to substitute the following
     language:

               Section 3.01.  Initial Cost The costs of organizing the Trust and
          sale  of the  Trust  Units  shall,  to  the  extent  of  the  expenses
          reimbursable  to the Depositor  provided  below,  be borne by the Unit
          Holders, provided,  however, that, to the extent all of such costs are
          not borne by Unit Holders,  the amount of such costs not borne by Unit
          Holders  shall  be  borne  by the  Depositor  and,  provided  further,
          however,  that the liability on the part of the  Depositor  under this
          section  shall not  include  any fees or other  expenses  incurred  in
          connection  with the  administration  of the Trust  subsequent  to the
          deposit  referred  to in  Section  2.01.  Upon  notification  from the
          Depositor that the primary  offering period is concluded,  the Trustee
          shall  withdraw  from  the  Account  or  Accounts   specified  in  the
          Prospectus or, if no Account is therein specified,  from the Principal
          Account,  and  pay  to  the  Depositor  the  Depositor's  reimbursable
          expenses  of  organizing  the Trust and sale of the Trust  Units in an
          amount  certified to the Trustee by the  Depositor.  If the balance of
          the Principal  Account is  insufficient to make such  withdrawal,  the
          Trustee  shall,   as  directed  by  the  Depositor,   sell  Securities
          identified by the Depositor, or distribute to the Depositor Securities
          having a value,  as  determined  under  Section 4.01 as of the date of
          distribution,  sufficient for such  reimbursement.  The  reimbursement
          provided  for  in  this  section  shall  be  for  the  account  of the
          Unitholders of record at the conclusion of the primary offering period

<PAGE>

          and shall not be reflected in the  computation of the Unit Value prior
          thereto.  As used herein,  the  Depositor's  reimbursable  expenses of
          organizing  the Trust and sale of the Trust  Units  shall  include the
          cost of the initial  preparation and  typesetting of the  registration
          statement,  prospectuses  (including  preliminary  prospectuses),  the
          indenture,  and other documents  relating to the Trust,  SEC and state
          blue sky registration  fees, the cost of the initial  valuation of the
          portfolio and audit of the Trust, the initial fees and expenses of the
          Trustee,  and legal and other out-of-pocket  expenses related thereto,
          but not including the expenses incurred in the printing of preliminary
          prospectuses and  prospectuses,  expenses  incurred in the preparation
          and  printing of brochures  and other  advertising  materials  and any
          other selling expenses. Any cash which the Depositor has identified as
          to be used for  reimbursement  of expenses  pursuant  to this  Section
          shall be reserved  by the  Trustee  for such  purpose and shall not be
          subject to distribution  or, unless the Depositor  otherwise  directs,
          used for  payment  of  redemptions  in excess of the  per-Unit  amount
          allocable to Units tendered for redemption.

               D. The third  paragraph of Section 3.05 is hereby  amended to add
          the following  sentence after the first sentence  thereof:  "Depositor
          may  direct  the  Trustee  to  invest  the  proceeds  of any  sale  of
          Securities  not required for the redemption of Units in eligible money
          market  instruments  selected by the Depositor which will include only
          negotiable  certificates of deposit or time deposits of domestic banks
          which are members of the Federal  Deposit  Insurance  Corporation  and
          which have, together with their branches or subsidiaries, more than $2
          billion in total assets,  except that  certificates of deposit or time
          deposits of smaller  domestic  banks may be held  provided the deposit
          does not  exceed  the  insurance  coverage  on the  instrument  (which
          currently  is  $100,000),   and  provided  further  that  the  Trust's
          aggregate  holding of  certificates of deposit or time deposits issued
          by  the  Trustee  may  not  exceed  the  insurance  coverage  of  such
          obligations  and U.S.  Treasury  notes or bills  (which  shall be held
          until the maturity thereof) each of which matures prior to the earlier
          of the next following Distribution Date or 90 days after

<PAGE>

               receipt,  the  principal  thereof  and  interest  thereon (to the
          extent  such  interest  is not  used  to  pay  Trust  expenses)  to be
          distributed  on the earlier of the 90th day after  receipt or the next
          following Distribution Date."

               E. The first sentence of each of Sections 3.10,  3.11 and 3.12 is
          amended to insert the  following  language  at the  beginning  of such
          sentence, "Except as otherwise provided in Section 3.13,".

               F. The following new Section 3.13 is added:

               Section  3.13.  Extraordinary  Event  -  Security  Retention  and
          Voting. In the event the Trustee is notified of any action to be taken
          or proposed to be taken by holders of the securities held by the Trust
          in  connection  with any proposed  merger,  reorganization,  spin-off,
          split-off or split-up by the issuer of stock or securities held in the
          Trust,  the Trustee  shall take such action or refrain from taking any
          action, as appropriate,  so as to insure that the securities are voted
          as  closely as  possible  in the same  manner and in the same  general
          proportion as are the securities  held by owners other than the Trust.
          If stock or  securities  are received by the Trustee,  with or without
          cash, as a result of any merger,  reorganization,  spin-off, split-off
          or  split-up by the issuer of stock or  securities  held in the Trust,
          the Trustee at the direction of the Depositor may retain such stock or
          securities  in the Trust.  Neither the Depositor nor the Trustee shall
          be liable to any person for any action or failure to take  action with
          respect to this section.

               G. Section 1.01 is amended to add the following  definition:  (9)
          "Deferred  Sales Charge" shall mean any deferred  sales charge payable
          in accordance with the provisions of Section 3.12 hereof, as set forth
          in the prospectus for a Trust.  Definitions  following this definition
          (9) shall be renumbered.

               H. Section 3.05 is hereby amended to add the following  paragraph
          after the end thereof:  On each Deferred Sales Charge payment date set
          forth in the prospectus for a Trust, the Trustee shall pay the account
          created  pursuant  to Section  3.12 the amount of the  Deferred  Sales
          Charge  payable  on each such date as stated in the  prospectus  for a
          Trust.  Such amount shall be withdrawn from the Principal Account from
          the amounts therein designated for such purpose.

<PAGE>

               I.  Section  3.06B(3)  shall be amended by adding the  following:
          "and any Deferred Sales Charge paid".

               J. Section  3.08 shall be amended by adding the  following at the
          end thereof:  "In order to pay the Deferred Sales Charge,  the Trustee
          shall sell or liquidate an amount of  Securities at such time and from
          time to time and in such  manner as the  Depositor  shall  direct such
          that the proceeds of such sale or  liquidation  shall equal the amount
          required to be paid to the  Depositor  pursuant to the Deferred  Sales
          Charge program as set forth in the prospectus for a Trust.

               K. Section 3.12 shall be added as follows:

               Section 3.12.  Deferred  Sales Charge.  If the  prospectus  for a
          Trust  specifies a Deferred Sales Charge,  the Trustee  shall,  on the
          dates specified in and as permitted by the  prospectus,  withdraw from
          the Income  Account if such account is designated in the prospectus as
          the source of the payments of the  Deferred  Sales  Charge,  or to the
          extent  funds are not  available in that account or if such account is
          not so  designated,  from the  Principal  Account,  an amount per Unit
          specified  in the  prospectus  and  credit  such  amount to a special,
          non-Trust account  maintained at the Trustee out of which the Deferred
          Sales  Charge  will be  distributed  to the  Depositor.  If the Income
          Account is not  designated as the source of the Deferred  Sales Charge
          payment or if the  balances in the Income and  Principal  Accounts are
          insufficient  to make any  such  withdrawal,  the  Trustee  shall,  as
          directed by the Depositor,  either  advance funds,  if so agreed to by
          the  Trustee,  in an amount equal to the  proposed  withdrawal  and be
          entitled  to  reimbursement  of  such  advance  upon  the  deposit  of
          additional monies in the Income Account or the Principal Account, sell
          Securities and credit the proceeds thereof to such special Depositor's
          account  or  credit  Securities  in kind to such  special  Depositor's
          Account. Such directions shall identify the Securities,  if any, to be
          sold or  distributed  in kind and shall  contain,  if the  Trustee  is
          directed  by the  Depositor  to sell a  Security,  instructions  as to
          execution of such sales.  If a Unit Holder redeems Units prior to full
          payment  of the  Deferred  Sales  Charge,  the  Trustee  shall,  if so
          provided in the prospectus,  on the Redemption Date, withhold from the
          Redemption  Price  payment to such Unit Holder an amount  equal to the
          unpaid portion of the Deferred Sales Charge and distribute such amount
          to  such  special  Depositor's  account  or,  if the  Depositor  shall

<PAGE>

          purchase such Unit  pursuant to the terms of Section 5.02 hereof,  the
          Depositor shall pay the Redemption Price for such Unit less the unpaid
          portion of the Deferred  Sales  Charge.  The Depositor may at any time
          instruct the Trustee to distribute to the Depositor cash or Securities
          previously credited to the special Depositor's account.

               L.  Reference to "Dean Witter Select Equity Trust" is replaced by
          "Morgan Stanley Dean Witter Select Equity Trust".

                                       II.

                      SPECIAL TERMS AND CONDITIONS OF TRUST

               The following special terms and conditions are hereby agreed to:

               A. The Trust is  denominated  Morgan  Stanley Dean Witter  Select
          Equity  Trust  Select  Turnaround  Focus List  Series 2000 (the "Focus
          Turnaround Trust").

               B. The  publicly  traded  stocks  listed in Schedule A hereto are
          those which, subject to the terms of this Indenture,  have been or are
          to be deposited in trust under this Indenture.

               C. The term, "Depositor" shall mean Dean Witter Reynolds Inc.

               D. The aggregate number of Units referred to in Sections 2.03 and
          9.01 of the Basic Agreement is        for the Focus Turnaround Trust.

               E. A Unit is hereby  declared  initially  equal to 1/      th for
          the Focus Turnaround Trust.

               F. The term "In-Kind  Distribution  Date" shall mean            ,
              .

               G.  The  term  "Record  Dates"  shall  mean             ,       ,
                        ,     ,            ,      and            ,      and such
          other date as the Depositor may direct.

               H. The term  "Distribution  Dates shall mean              ,     ,
                    ,    ,           ,     and           ,     and
          such other date as the Depositor may direct.

<PAGE>

               I. The term "Termination Date" shall mean        ,    .

               J. The Depositor's  Annual  Portfolio  Supervision Fee shall be a
          maximum of $0.25 per 100 Units.

               K. The  Trustee's  Annual Fee as  defined in Section  6.04 of the
          Indenture shall be $     per 100 Units.

               L. For a Unit Holder to receive "in-kind" distribution during the
          life of the Trust other than in connection with a rollover,  such Unit
          Holder  must  tender  at least  25,000  Units for  redemption.  On the
          In-Kind  Date there is no minimum  amount of Units that a Unit  Holder
          must tender in order to receive an "in-kind" distribution.

               M. The  Indenture  is amended to provide  that the period  during
          which the  Trustee  shall  liquidate  the Trust  Securities  shall not
          exceed 14 business days commencing on the first business day following
          the In-Kind Date.

               (Signatures and acknowledgments on separate pages)

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