June 20, 2008 at 16:40 PM EDT
Certain Morgan Stanley Closed-End Funds Declare Mid Year Dividends

Each of the Morgan Stanley institutional, closed-end funds listed below (the Funds) today declared the following dividends.

EX-DATE

RECORD DATE

REINVEST DATE

PAYABLE DATE

06/26/08

06/30/08

07/11/08

07/15/08

Name of Closed-End
Management Investment Company

Ticker

Per Share of Net Investment IncomePer Share of Short-term Capital GainPer Share of Long-term Capital Gain
Morgan Stanley Asia-Pacific Fund, Inc. APF $0.0001 $0.0000 $0.6555
Morgan Stanley Eastern Europe Fund, Inc. RNE $0.0000 $2.8107 $2.2868
Morgan Stanley Emerging Markets Debt Fund, Inc. MSD $0.1550 (Quarterly) $0.0000 $0.0000
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. EDD $0.5000 (Quarterly) $0.0000 $0.00000
Morgan Stanley Emerging Markets Funds, Inc. MSF $0.0431 $0.7997 $3.4706
Morgan Stanley Global Opportunity Bond Fund, Inc. MGB $0.1100 (Quarterly) $0.0000 $0.0000
Morgan Stanley High Yield Fund, Inc. MSY $0.0350 (Monthly) $0.0000 $0.0000
Morgan Stanley India Investment Fund, Inc. IIF $0.2044 $0.9164 $7.4981
The Latin American Discovery Fund, Inc. LDF $0.0158 $0.5486 $3.1514
The Thai Fund, Inc. TTF $0.0017 $0.0000 $0.0000

For more information call: 1-800-231-2608.

The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all distributions in 2008 will be made after the end of the year.

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 nearly 1,000 investment professionals around the world and approximately $605 billion in assets under management or supervision as of May 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.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firms employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Contacts:

Morgan Stanley Closed-End Funds
800-231-2608
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