Morgan Stanley Investment Management Releases Institutional Closed-End Fund Monthly Portfolio Holdings Information NEW YORK, Oct. 20 /PRNewswire-FirstCall/ -- Morgan Stanley Investment Management 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 October 21, 2004. The posting will include information relating to each Institutional Closed-End Fund's top 10 portfolio holdings for the month ended September 30, 2004. 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. DATASOURCE: Morgan Stanley Investment Management CONTACT: Morgan Stanley: +1-1-800-221-6726

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