Certain Morgan Stanley Closed-End Funds Declare Mid Year Dividends

  
    
  
  
    
      Each of the Morgan Stanley institutional, closed-end funds listed below 
      (the “Funds”) today 
      declared the following dividends.
    
    
      
        
          
            EX-DATE
          
        
        
           
        
        
          
            RECORD DATE
          
        
        
           
        
        
          
            REINVEST DATE
          
        
        
           
        
        
          
            PAYABLE DATE
          
        
      
      
        
          
            06/26/08
          
        
        
        
        
          
            06/30/08
          
        
        
        
        
          
            07/11/08
          
        
        
        
        
          
            07/15/08
          
        
      
    
    
      
        
          Name of Closed-EndManagement Investment Company
        
        
           
        
        
          
            Ticker
          
        
        
           
        
        
          Per Share of Net Investment Income
        
        
           
        
        
          Per Share of Short-term Capital Gain
        
        
           
        
        
          Per Share of Long-term Capital Gain
        
      
      
        
          Morgan Stanley Asia-Pacific Fund, Inc.
        
        
           
        
        
          APF
        
        
           
        
        
          $0.0001
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.6555
        
      
      
        
          Morgan Stanley Eastern Europe Fund, Inc.
        
        
           
        
        
          RNE
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $2.8107
        
        
           
        
        
          $2.2868
        
      
      
        
          Morgan Stanley Emerging Markets Debt Fund, Inc.
        
        
           
        
        
          MSD
        
        
           
        
        
          $0.1550 (Quarterly)
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.0000
        
      
      
        
          Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
        
        
           
        
        
          EDD
        
        
           
        
        
          $0.5000 (Quarterly)
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.00000
        
      
      
        
          Morgan Stanley Emerging Markets Funds, Inc.
        
        
           
        
        
          MSF
        
        
           
        
        
          $0.0431
        
        
           
        
        
          $0.7997
        
        
           
        
        
          $3.4706
        
      
      
        
          Morgan Stanley Global Opportunity Bond Fund, Inc.
        
        
           
        
        
          MGB
        
        
           
        
        
          $0.1100 (Quarterly)
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.0000
        
      
      
        
          Morgan Stanley High Yield Fund, Inc.
        
        
           
        
        
          MSY
        
        
           
        
        
          $0.0350 (Monthly)
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.0000
        
      
      
        
          Morgan Stanley India Investment Fund, Inc.
        
        
           
        
        
          IIF
        
        
           
        
        
          $0.2044
        
        
           
        
        
          $0.9164
        
        
           
        
        
          $7.4981
        
      
      
        
          The Latin American Discovery Fund, Inc.
        
        
           
        
        
          LDF
        
        
           
        
        
          $0.0158
        
        
           
        
        
          $0.5486
        
        
           
        
        
          $3.1514
        
      
      
        
          The Thai Fund, Inc.
        
        
           
        
        
          TTF
        
        
           
        
        
          $0.0017
        
        
           
        
        
          $0.0000
        
        
           
        
        
          $0.0000
        
      
    
    
      For more information call: 1-800-231-2608.
    
    
      The amount of dividends paid by each fund may vary from time to time. 
      Past amounts of dividends are no guarantee of future dividend payment 
      amounts.
    
    
      The final determination of the source and tax characteristics of all 
      distributions in 2008 will be made after the end of the year.
    
    
      Investing involves risk and it is possible to lose money on any 
      investment in the funds.
    
    
      Morgan Stanley Investment Management, together with its investment 
      advisory affiliates, has nearly 1,000 investment professionals around 
      the world and approximately $605 billion in assets under management or 
      supervision as of May 31, 2008. By leveraging its global ‘community 
      of boutiques’ structure and the strength of 
      Morgan Stanley, MSIM strives to provide outstanding long-term investment 
      performance, service and a comprehensive suite of investment management 
      solutions to a diverse client base, which includes governments, 
      institutions, corporations and individuals worldwide.
    
    
      Morgan Stanley is a leading global financial services firm providing a 
      wide range of investment banking, securities, investment management, and 
      wealth management services. The Firm’s 
      employees serve clients worldwide including corporations, governments, 
      institutions and individuals from more than 600 offices in 33 countries. 
      For further information about Morgan Stanley, please visit www.morganstanley.com.