The Thai Fund, Inc. - Will Not Make a Mid-Year Distribution for 2006

The Board of Directors of The Thai Fund, Inc. (NYSE:
TTF)has determined that there was insufficient net investment income
and net realized gains to declare a 2006 mid-year distribution.
   The Thai Fund, Inc. (the "Fund"), advised by Morgan Stanley
Investment Management Inc., is a closed-end management investment
company seeking to achieve long-term capital appreciation through
investments primarily in equity securities of companies organized
under the laws of the Kingdom of Thailand.

   Morgan Stanley Investment Management, together with its investment
advisory affiliates, has over 400 investment professionals around the
world and more than $442 billion in assets under management or
supervision as of February 28, 2006. These entities offer 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 30 countries, Morgan Stanley
connects people, ideas, and capital to help clients achieve their
financial aspirations.