Morgan Stanley Investment Management Releases Institutional Closed-End Fund Monthly Portfolio Holdings Information NEW YORK, July 21 /PRNewswire-FirstCall/ -- Morgan Stanley Investment Management Inc. announced today that it will post selected information regarding all Morgan Stanley Investment Management-sponsored Institutional Closed-End Funds to its public web site at http://www.morganstanley.com/im on July 22, 2005. The posting will include information relating to each Institutional Closed-End Fund's top 10 portfolio holdings for the month ended June 30, 2005. 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: 1-800-221-6726 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 $416 billion in assets under management or supervision as of March 31, 2005. These entities offer 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. For further information, please contact: Mark Kucera, JPMorgan Investor Services Phone Number: (617) 557-8844 For media inquiries only, please contact: Chad Peterson, Morgan Stanley Investment Management Phone Number: (212) 762-9612 DATASOURCE: Morgan Stanley Investment Management Inc. CONTACT: Further information: Mark Kucera of JPMorgan Investor Services, +1-617-557-8844, or Media inquiries: Chad Peterson of Morgan Stanley Investment Management, +1-212-762-9612 Web site: http://www.morganstanley.com/im

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