Morgan Stanley Closed-End Funds to Host Conference Call

Morgan Stanley Frontier Emerging Markets Fund, Inc. (NYSE: FFD); The Latin America Discovery Fund, Inc. (NYSE: LDF); Morgan Stanley Eastern Europe Fund, Inc. (NYSE: RNE); The Turkish Investment Fund, Inc. (NYSE: TKF); and Morgan Stanley Emerging Markets Fund, Inc. (NYSE: MSF); closed-end investment companies traded on the New York Stock Exchange, will host one of an ongoing series of portfolio update conference calls with representatives of the Funds on Wednesday, May 12, 2010 at 4:15 p.m. Eastern time. Portfolio managers will discuss each fund’s strategy and portfolio composition, as well as current market fundamentals and long-term trends.

The call is open to the general public. The U.S. domestic call-in number is (800) 288-8976. The international call-in number is (612) 288-0337. Passcode: 156694.

Investing involves risk and it is possible to lose money on any investment in the Fund.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1,000 investment professionals around the world and approximately $262 billion in assets under management or supervision as of March 31, 20101. 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.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com/im.

1 Amount excludes certain asset management businesses following the decision to sell the Retail Asset Management business to Invesco.

Contacts:

Morgan Stanley Closed-End Funds
800-231-2608
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