MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. Today Declared Quarterly Income Dividend NEW YORK, March 21 /PRNewswire-FirstCall/ -- Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE:MGB) today declared a quarterly income dividend of $0.1350 per share of net investment income. RECORD DATE PAYABLE DATE 03/31/05 04/15/05 Morgan Stanley Global Opportunity Bond Fund, Inc. is a closed-end management investment company seeking to produce high current income and seeking capital appreciation by investing primarily in high yield bonds of issuers located throughout the world, including U.S. issuers and issuers in emerging countries. The Fund's primary investment objective is to seek to produce high current income and its secondary objective is to seek capital appreciation. The Fund's advisor is Morgan Stanley Investment Management Inc., (MSIM) a unit of Morgan Stanley. MSIM, with over 400 investment professionals around the world, has more than $394 billion in assets under management or supervision as of August 31, 2004. The division offers wealth management services to a diverse client base, which includes governments, institutions, corporations and individuals. Morgan Stanley 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. DATASOURCE: Morgan Stanley Global Opportunity Bond Fund, Inc. CONTACT: Mark Kucera of JPMorgan Investor Services, +1-617-557-8844; or Chad Peterson of Morgan Stanley Investment Management, +1-212-762-9612

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