Company Press Release

NEW YORK, Sep 29, 2008 (BUSINESS WIRE) -- Morgan Stanley Investment Management (MSIM) announced today that the Morgan Stanley Funds' Board of Directors/Trustees has approved the participation of its money market funds in the U.S. Treasury Temporary Guarantee Program. All Morgan Stanley SEC registered 2a-7 money market funds will apply to be insured under the program.

"We understand the fundamental role that money market funds play in both the retirement and investment strategies of Americans," said Kevin Klingert, Head and Acting Chief Investment Officer of Global Fixed Income at MSIM. "While the Morgan Stanley money market funds have maintained their $1 NAV throughout the recent unprecedented turmoil and continued to meet their stated objectives of capital preservation and liquidity, we are pleased to participate in the U.S. Treasury Temporary Guarantee program to provide an added level of protection for our shareholders."

Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1,000 investment professionals around the world and approximately $570 billion in assets under management or supervision as of August 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.