RNS No 7235m
MORGAN STANLEY DEAN WITTER DISCOVER & CO.


FROM:  01-07-97

4) ITL800,000,000  4.95% EQUITY LINKED NOTES DUE 01-12-2003


FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF  ITL5,000,000  EACH)

ISSUE PRICE         -         73.15%

ISSUER              -         CHASE MANHATTAN BANK

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END