TCW/DW TERM TRUST 2003

Item 77E			Legal Proceedings

Four purported class actions have been filed in the Superior
Court for the State of California, County of Orange, against
some of the Trust's Trustees and officers, one of its
underwriters, the lead representative of its underwriters,
the Adviser, the Manager and other defendants - but not
against the Trust - by certain shareholders of the Trust and
other trusts for which the defendants act in similar
capacities. These plaintiffs generally allege violations of
state statutory and common law in connection with the
marketing of the Trust to customers of one of the
underwriters. Damages, including punitive damages, are
sought in an unspecified amount. On or about October 20,
1995, the plaintiffs filed an amended complaint
consolidating these four actions. The defendants thereafter
filed answers and affirmative defenses to the consolidated
amended complaint. The defendants' answers deny all of the
material allegations of the plaintiffs' complaint. In 1996,
the plaintiffs voluntarily dismissed, without prejudice,
their claims against two defendants who were independent
Trustees of the Trust. In March 1997, all of the remaining
defendants in litigation filed motions for judgment on the
pleadings, seeking dismissal of all of the claims asserted
against them. The defendants' motions were fully briefed by
all parties and were the subject of a hearing before the
Court on April 18, 1997. In July 1997, the Court denied the
motion for judgment on the pleadings. In August, 1997,
plaintiffs filed a motion for class certification. In their
motion, the plaintiffs requested certification of a
''nationwide'' class of Term Trust purchasers. On June 1,
1998, the Court granted in part and denied in part the
plaintiff 's motion for class certification. The Court ruled
that plaintiff 's motion was ''granted as to [a California]
statewide class,'' but was ''denied as to a nationwide
class.'' The case has been settled. On October 13, 1998,
three separate class actions alleging similar claims on
behalf of the residents of the states of Florida, New Jersey
and New York were filed in the state courts of those states.
The defendants removed the Florida action to federal court
and the plaintiff 's motion to remand the action to the
state court was denied. Motions to dismiss were filed by the
defendants in the Florida action on August 30, 1999, in the
New Jersey action on July 26, 1999 and in the New York
action on September 10, 1999. The New Jersey action was
dismissed by the court with prejudice and no appeal was
filed. The motion to dismiss the Florida action was denied
January 27, 2000 and the litigation remains pending. The
Supreme Court of the State of New York dismissed the New
York action with prejudice on April 25, 2000 and no appeal
was filed. Certain of the defendants in these suits have
asserted their right to indemnification from the Trust. The
ultimate outcome of these matters is not presently
determinable, and no provision has been made in the Trust's
financial statements for the effect, if any, of such
matters.