(Nasdaq: MAXF) announced today that its Board of Directors has
declared a cash dividend of $.

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(NYSE: MSY); Morgan Stanley Global Opportunity
Bond Fund, Inc.

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25 per share represents a 2.

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(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.

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com/im on
July 30, 2005 .

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, the company's U.

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maxf. NEW YORK, Morgan Stanley Investment
Management, Inc. (NYSE: MGB); Morgan Stanley Emerging Markets Debt Fund, Inc.

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Maxcor
Financial Inc.

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Business Editors

NEW YORK----Maxcor Financial Group
Inc. The posting will include information relating to each
Institutional Closed-End Fund's complete portfolio holdings for the quarter
ended June 30, 2005.
Morgan Stanley is a global financial services firm and a market leader in
securities, investment management and credit services.

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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.

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The
annualized dividend rate of $. (www. registered broker-dealer
subsidiary, also conducts institutional sales and trading operations
in corporate bonds, municipal bonds, convertible securities and
equities . (NYSE: MSF); Morgan Stanley India Investment Fund,
Inc.

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(NYSE: IIFRNE); Morgan
Stanley High Yield Fund, Inc.
(NYSE: MFLDF); The Turkish
Investment Fund, Inc.

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The dividend will be paid on
March 15, 2005 to holders of record on February 25, 2005.8% yield
based on yesterday's closing share price of $8. These entities offer wealth management services to a diverse
client base, which includes governments , institutions, corporations and
individuals.

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For more information call: 1-800-221-6726

Morgan Stanley Institutional Closed-End Funds include:
Morgan Stanley Asia-Pacific Fund , Inc.

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morganstanley.

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Morgan Stanley Investment Management Releases Institutional Closed-End Fund Quarterly Portfolio Holdings Information

Morgan Stanley Investment Management intends to make
complete holdings information for its Closed-End Funds available approximately
30 calendar days following the end of the most recent quarter.

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Maxcor Financial Group Inc. With more than 600
offices in 28 countries, Morgan Stanley connects people, ideas, and capital to
help clients achieve their financial aspirations.

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84. Treasury and federal agency bonds and
repurchase agreements, and other fixed income securities.

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com), through its various
Euro Brokers businesses, is a leading domestic and international
inter-dealer brokerage firm specializing in interest rate and other
derivatives , emerging market debt products, cash deposits and other
money market instruments, U.

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The company employs approximately 500 persons worldwide and
maintains principal offices in New York, London and Tokyo. (NYSE: APF); Morgan Stanley
Emerging Markets Fund, Inc.
(NYSE: MSDTTF); The Malaysia Fund , Inc.

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0625 per share of common stock for its
fourth quarter ended December 31, 2004. 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.