The Thai Fund, Inc. Announces Rights Offering

The Thai Fund, Inc. (NYSE: TTF) (the "Fund") announced
today the filing of a Registration Statement with the Securities and
Exchange Commission regarding a proposed rights offering to holders of
the Fund's common stock.
   The Fund is a closed-end management investment company seeking to
achieve long-term capital appreciation through investment primarily in
equity securities of companies organized under the laws of the Kingdom
of Thailand.
   For stockholders seeking more information, please call (888)
378-1568.
   The Fund's investment adviser is Morgan Stanley Investment
Management Inc. (MSIM), a wholly-owned subsidiary of Morgan Stanley.
MSIM, with over 400 investment professionals around the world, has
more than $431 billion in assets under management or supervision as of
November 30, 2005. MSIM offers investment management services to a
diverse client base, which includes governments, institutions,
corporations and individuals.

   Morgan Stanley (NYSE: MS) is a global financial services firm and
a market leader in securities, investment management and credit
services. With more than 600 offices in 28 countries, Morgan Stanley
connects people, ideas and capital to help clients achieve their
financial aspirations.

   A Registration Statement relating to the securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the Registration Statement becomes
effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such State.

   Please read the prospectus, which contains this and other
information about the Fund, and consider the investment objective,
risks, charges and expenses of the Fund carefully before investing.
For a copy of the Fund's preliminary prospectus, please contact the
Fund's Information Agent, Georgeson Shareholder Communications, Inc.
toll free at [phone] or for banks and brokers call (212)
440-9800.