MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. Today Declared Quarterly Income Dividend NEW YORK, June 21 /PRNewswire-FirstCall/ -- Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE:MGB) today declared a quarterly dividend of $.135 per share of net investment income. RECORD DATE PAYABLE DATE 6/30/04 7/15/04 Morgan Stanley Global Opportunity Bond Fund, Inc. is a closed-end management investment company seeking high current income and 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 investment objective is to seek high current income and capital appreciation. 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 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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