Morgan Stanley Investment Management Releases Institutional Closed-End Fund Monthly Portfolio Holdings Information.

NEW YORK -- Morgan Stanley Investment Management, Inc. announced today that it will post selected information regarding the Morgan Stanley Investment Management-sponsored Institutional Closed-End Funds listed below, to its public web-site at www.morganstanley.com/im on October 20, 2006. The posting will include information relating to each Fund's top 10 portfolio holdings for the month ended September 30, 2006. Morgan Stanley Investment Management intends to make top 10 holdings information for its Closed-End Funds available approximately 15 business days following the end of the most recent month. You may obtain a hard copy of this report, and future quarterly reports as they become available, by either accessing the web-site or calling the number below.

For more information call: 1-888-378-1568.

Morgan Stanley Institutional Closed-End Funds include: Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF); Morgan Stanley Emerging Markets Fund, Inc. (NYSE: MSF); Morgan Stanley India Investment Fund, Inc. (NYSE: IIF); Morgan Stanley Eastern Europe Fund, Inc. (NYSE: RNE); Morgan Stanley High Yield Fund, Inc. (NYSE: MSY); Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB); Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD); The Thai Fund, Inc. (NYSE: TTF); The Malaysia Fund, Inc. (NYSE: MF), The Latin American Discovery Fund, Inc. (NYSE: LDF); The Turkish Investment Fund, Inc. (NYSE: TKF).

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 over 400 investment professionals around the world and more than $448 billion in assets under management or supervision as of August 31, 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 leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.