ITEM 77M: Mergers Morgan Stanley Dean Witter Natural Resource Development Securities Inc. On December 21, 1999, at a Special Meeting of Shareholders of Morgan Stanley Dean Witter Precious Metals and Minerals Trust ("Precious Metals"), Shareholders of...Morgan Stanley Dean Witter Natural Resource Developement Sec • April 27th, 2000
On December 21, 1999, at a Special Meeting of Shareholders of Morgan Stanley Dean Witter Precious Metals and Minerals Trust ("Precious Metals"), Shareholders of Precious Metals approved an Agreement and Plan of Reorganization (the "Reorganization Agreement") between Precious Metals and Morgan Stanley Dean Witter Natural Resource Development Securities Inc. ("Natural Resource"), pursuant to which substantially all of the assets of Precious Metals would be combined with those of Natural Resource and shareholders of Precious Metals would become shareholders of Natural Resource receiving shares of Natural Resource with a value equal to the value of their holdings in Precious Metals (the "Reorganization"). The Reorganization Agreement was unanimously approved by the Board of Trustees on July 29, 1999.
