24F-2NT

                 U.S. SECURITIES AND EXCHANGE COMMISSION 

                          Washington, D.C. 20549

                                FORM 24F-2
                     Annual Notice of Securities Sold
                          Pursuant to Rule 24f-2


1. NAME AND ADDRESS OF ISSUER:

     Dean Witter High Yield Securities Inc.
     Two World Trade Center, 72nd floor
     New York, New York 10048


2. NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS NOTICE IS
   FILED:



3. INVESTMENT COMPANY ACT FILE NUMBER:   2-64782

   SECURITIES ACT FILE NUMBER:           811-2932 


4. LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED: 08/31/96


5. CHECK BOX IF THIS NOTICE IS BEING FILED MORE THAN 180 DAYS AFTER
   THE CLOSE OF THE ISSUER'S FISCAL YEAR FOR PURPOSES OF REPORTING
   SECURITIES SOLD AFTER THE CLOSE OF THE FISCAL YEAR BUT BEFORE
   TERMINATION OF THE ISSUER'S 24F-2 DECLARATION:

                                                [   ]


6. DATE OF TERMINATION OF ISSUER'S DECLARATION UNDER RULE         
   24F-2(A)(1), IF APPLICABLE (SEE INSTRUCTION A.6):



7. NUMBER AND AMOUNT OF SECURITIES OF THE SAME CLASS OF SERIES    
   WHICH HAD BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OTHER
   THAN PURSUANT TO RULE 24F-2 IN A PRIOR FISCAL YEARS, BUT WHICH 
   REMAINED UNSOLD AT THE BEGINNING OF THE FISCAL YEAR: 
   None


8. NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL   
   YEAR OTHER THAN PURSUANT TO RULE 24F-2:
   None

9.  NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE 
    FISCAL YEAR:

    SHARES:  7,479,220.685                     $51,837,877.86



10. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE 
    FISCAL YEAR IN RELIANCE UPON REGISTRATION PURSUANT TO RULE    
    24F-2:

    SHARES:   7,479,220.685                    $51,837,877.86

11. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES ISSUED DURING THE
    FISCAL YEAR IN CONNECTION WITH DIVIDEND REINVESTMENT PLANS, IF 
    APPLICABLE (SEE INSTRUCTION B.7):

    SHARES:   3,993,442.420                    $26,742,125.60
      

12. CALCULATION OF REGISTRATION FEES:

 (i)    AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE 
        FISCAL YEAR IN RELIANCE ON RULE 24F-2 (from item 10):
                                             $51,837,877.86
  
 
 (ii)   AGGREGATE PRICE OF SHARES ISSUED IN CONNECTION WITH
        DIVIDEND REINVESTMENT PLANS (from item 11, if applicable):
                                             $26,742,125.60

          
 (iii)  AGGREGATE PRICE OF SHARES REDEEMED OR PURCHASED DURING
        THE FISCAL YEAR (if applicable):     $68,986,362.21


 (iv)   AGGREGATE PRICE OF SHARES REDEEMED OR PURCHASED AND    
        PREVIOUSLY APPLIED AS A REDUCTION TO FILING FEES PURSUANT
        TO RULE 24E-2 (if applicable):       $0

 (v)    NET AGGREGATE PRICE OF SECURITIES SOLD AND ISSUED DURING
        THE FISCAL YEAR END IN RELIANCE ON RULE 24F-2 [line (i),
        plus line (ii), less line (iii), plus line (iv)] (if
        applicable):                         $9,593,641.25

 (vi)   MULTIPLIER PRESCRIBED BY SECTION 6(B) OF THE SECURITIES 
        ACT OF 1933 OR OTHER APPLICABLE LAW OR REGULATION (see
        instruction C.6):                                         
                                             1/2900

 (vii)  FEE DUE [line (i) or line (v) multiplied by line (vi)]:
                                             $3,308.15
  
      
Instruction for Item 12:  Issuers should complete lines (ii),
(iii), (iv) and (v) only if the form is being filed
within 60 days after the close of the issuer's
fiscal year.  See instruction C.3.


13.  CHECK BOX IF FEES ARE BEING REMITTED TO THE COMMISSION'S     
     LOCKBOX DEPOSITORY AS DESCRIBED IN SECTION 3A OF THE         
     COMMISSION'S RULES OF INFORMAL AND OTHER PROCEDURES (17CFR   
     202.3A).

                                                  [    ]

     DATE OF MAILING OR WIRE TRANSFER OF FILING FEES TO THE       
     COMMISSION'S LOCKBOX DEPOSITORY: October 3, 1996    
                                                                  
 

                                SIGNATURES

      THIS REPORT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSONS ON
      BEHALF OF THE ISSUER AND IN THE CAPACITIES AND ON THE DATES 
      INDICATED.

      BY (Signature and Title):                   
                                   Sheldon Curtis
                           Vice President and General Counsel

      DATE:  October 4, 1996

                     

EX-5

             DEAN WITTER HIGH YIELD SECURITIES INC.
                     Two World Trade Center
                    New York, New York  10048







                                           October 4, 1996



Dean Witter High Yield Securities Inc.
Two World Trade Center
72nd Floor
New York, NY  10048

Dear Sirs:

     In connection with the public offering of common shares,
$.01 par value, of Dean Witter High Yield Securities Inc. ("the
Fund"), I have examined such corporate records and documents and
have made such further investigation and examination as I have
deemed necessary for the purpose of this opinion.

     It is my opinion, as Legal Counsel for the Fund, that the
Fund is a corporation duly organized and validly existing under
the laws of the State of Maryland and that the common shares
covered by the Rule 24f-2 Notice, dated October 4, 1996 (File No.
2-64782 and 811-2932), were issued and paid for in accordance
with the terms of the offering, as set forth in the prospectus
filed as part of the Registration Statement, as amended, of the
Fund and were legally issued, fully paid and non-assessable by
the Fund.

     I hereby consent to the filing of this opinion as an exhibit
to the Notice pursuant to Rule 24f-2.   In giving this consent, I
do not thereby admit that I am within the category of persons
whose consent is required under Section 7 of the Securities Act
of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.

                                        Very truly yours,

                                     /s/Sheldon Curtis

                                        Sheldon Curtis
                                        General Counsel


SC:dp/24f-2/hyld