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THE TURKISH INVESTMENT FUND, INC. ANNOUNCES RESIGNATION OF TURKISH ADVISOR

 THE TURKISH INVESTMENT FUND, INC.
 ANNOUNCES RESIGNATION OF TURKISH ADVISOR
 NEW YORK, Sept. 14 /PRNewswire/ -- The Turkish Investment Fund, Inc. (NYSE: TKF.N) announced that Turk Ekonomi Arastirmalari Bankasi A.S. ("TEB") has resigned effective as of Sept. 1, 1992 as the Fund's Turkish Advisor. TEB stated to the Fund that its resignation was due to the high costs associated with complying with the US Securities laws, which rendered TEB's relationship with the Fund unprofitable.
 Warren Olsen, the Fund's president, stated, "The Fund will miss its relationship with TEB, which has provided the Fund with excellent assistance and advise since the Fund's inception. At this time, the Fund does not intend to replace TEB. Since the Fund's inception in late 1989, the Turkish market has matured and there is much more quality research available from the Turkish brokerage community, including TEB's brokerage affiliate. Morgan Stanley Asset Management, the Fund's investment advisor, will continue to use this research along with its own fundamental research, including numerous company visits in Turkey." Additional information can be obtained from Valerie Lewis, the Fund's Secretary at 212-296-7203.
 -0- 9/14/92
 /CONTACT: Valerie Lewis, The Turkish Investment Fund, 212-296-7203/
 (TKF.N) CO: The Turkish Investment Fund, Inc. ST: New York IN: FIN SU:


DD -- NE026 -- 9337 09/14/92 17:37 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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