<PAGE>
File No. 333-3013
811-7607
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM N-1A
REGISTRATION STATEMENT (No. 333-03013)
UNDER
THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 2
and
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940
Amendment No. 3
--------------
MORGAN STANLEY UNIVERSAL FUNDS, INC.
(Exact Name of Registrant as Specified in Charter)
1221 Avenue of the Americas, New York, New York 10020
(Address of Principal Executive Office)
Registrant's Telephone Number (800) 548-7786
Harold J. Schaaff, Jr., Esquire
Morgan Stanley Asset Management Inc.
1221 Avenue of the Americas, New York, New York 10020
(Name and Address of Agent for Service)
--------------
COPIES TO:
Michael F. Klein Richard W. Grant, Esquire
Morgan Stanley Asset Management Inc. Morgan, Lewis & Bockius LLP
1221 Avenue of the Americas 2000 One Logan Square
New York, NY 10020 Philadelphia, PA 19103
--------------
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE
(CHECK APPROPRIATE BOX)
/X/ IMMEDIATELY UPON FILING PURSUANT TO PARAGRAGH (b) OF RULE 485
/ / ON _____________ PURSUANT TO PARAGRAPH (b) OF RULE 485
/ / 60 DAYS AFTER FILING PURSUANT TO PARAGRAPH (a) OF RULE 485
/ / 75 DAYS AFTER FILING PURSUANT TO PARAGRAPH (a) OF RULE 485
/ / ON _____________ PURSUANT TO PARAGRAPH (a) OF RULE 485
--------------
Registrant has elected to register an indefinite number of shares
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended.
Registrant filed its Rule 24f-2 notice for the period ended December 31, 1996 on
February 28, 1997.
================================================================================
<PAGE>
The Prospectus for the Emerging Markets Equity Portfolio dated May 1, 1997,
included as part of Post-Effective Amendment No. 1 to the Registration Statement
on Form N-1A of Morgan Stanley Universal Funds, Inc. (File No. 333-03013) as
filed with the Securities and Exchange Commission on April 30, 1997, and in
final form under Rule 497(c) on May 1, 1997, is hereby incorporated by reference
as if set forth herein.
The Prospectus for the U.S. Real Estate, Global Equity, International Magnum,
Emerging Markets Equity and Asian Equity Portfolios dated May 1, 1997, included
as part of Post-Effective Amendment No. 1 to the Registration Statement on Form
N-1A of Morgan Stanley Universal Funds, Inc. (File No. 333-03013) as filed with
the Securities and Exchange Commission on April 30, 1997, and in final form
under Rule 497(c) on May 1, 1997, is hereby incorporated by reference as if set
forth herein.
The Prospectus for the U.S. Real Estate, Value, Fixed Income, Mid Cap Value and
Emerging Markets Equity Portfolios dated May 1, 1997, included as part of
Post-Effective Amendment No. 1 to the Registration Statement on Form N-1A of
Morgan Stanley Universal Funds, Inc. (File No. 333-03013) as filed with the
Securities and Exchange Commission on April 30, 1997, and in final form under
Rule 497(c) on May 1, 1997, is hereby incorporated by reference as if set forth
herein.
The Prospectus for the U.S. Real Estate and Fixed Income Portfolios dated May 1,
1997, included as part of Post-Effective Amendment No. 1 to the Registration
Statement on Form N-1A of Morgan Stanley Universal Funds, Inc. (File No.
333-03013) as filed with the Securities and Exchange Commission on April 30,
1997, and in final form under Rule 497(c) on May 1, 1997, is hereby incorporated
by reference as if set forth herein.
The Prospectus for the Fixed Income, High Yield, Equity Growth, Value, Mid Cap
Value, Global Equity, International Magnum, Emerging Markets Equity and Asian
Equity Portfolios dated May 1, 1997, included as part of Post-Effective
Amendment No. 1 to the Registration Statement on Form N-1A of Morgan Stanley
Universal Funds, Inc. (File No. 333-03013) as filed with the Securities and
Exchange Commission on April 30, 1997, and in final form under Rule 497(c) on
May 1, 1997, is hereby incorporated by reference as if set forth herein.
The Prospectus for the Money Market, Fixed Income, High Yield, Core Equity,
Equity Growth, Value, Mid Cap Growth, Mid Cap Value, U.S. Real Estate,
International Fixed Income, Emerging Markets Debt, Global Equity, International
Magnum, Emerging Markets Equity, Asian Equity, Balanced and Multi-Asset-Class
Portfolios dated May 1, 1997, included as part of Post-Effective Amendment No. 1
to the Registration Statement on Form N-1A of Morgan Stanley Universal Funds,
Inc. (File No. 333-03013) as filed with the Securities and Exchange Commission
on April 30, 1997, and in final form under Rule 497(c) on May 1, 1997, is hereby
incorporated by reference as if set forth herein.
<PAGE>
The Statement of Additional Information for the following Portfolios: Money
Market, Fixed Income, High Yield, Core Equity, Equity Growth, Value, Mid Cap
Growth, Mid Cap Value, U.S. Real Estate, International Fixed Income, Emerging
Markets Debt, Global Equity, International Magnum, Emerging Markets Equity,
Asian Equity, Balanced and Multi-Asset-Class Portfolios dated May 1, 1997,
including audited financial statements for the Emerging Markets Equity Portfolio
for the fiscal period ended December 31, 1996 and unaudited financial statements
for the Fixed Income, Global Equity, Equity Growth (formally known as "Growth
Portfolio"), High Yield, International Magnum, Mid Cap Value and Value
Portfolios for the fiscal period from January 2, 1997 to March 31, 1997, is
included as part of Post-Effective Amendment No. 1 to the Registration Statement
on Form N-1A of Morgan Stanley Universal Funds, Inc. (File No. 333-03013) as
filed with the Securities and Exchange Commission on April 30, 1997, and in
final form under Rule 497(c) on May 1, 1997, is hereby incorporated by reference
as of set forth herein.
<PAGE>
PART C
Morgan Stanley Universal Funds, Inc.
Other Information
Item 24. Financial Statements and Exhibits
---------------------------------
(A) FINANCIAL STATEMENTS
--------------------
1. Included in Part A (Prospectus)
-------------------------------
The Registrant's audited financial highlights for the Emerging
Markets Equity Portfolio for the fiscal period ended December 31,
1996, are included in Part A (the prospectus) which is incorporated
herein by reference to Post-Effective Amendment No.1 to the
Registration Statement on Form N-1A (File No. 333-03013) as filed
with the Securities and Exchange Commission on April 30, 1997 and in
final form under Rule 497(c) on May 1, 1997. No other portfolio was
operational in the fiscal period ended December 31, 1996. The U.S.
Real Estate and Asian Equity Portfolios commenced operations on March
3, 1997.
2. Included in Part B (Statement of Additional Information)
--------------------------------------------------------
The Registrant's audited financial statements for the Emerging
Markets Equity Portfolio for the fiscal year ended December 31, 1996,
including Price Waterhouse LLP's report thereon, are included in Part
B (Statement of Additional Information) which is incorporated
herein by reference to Post-Effective Amendment No.1 to the
Registration Statement on Form N-1A (File No. 333-03013) as filed
with the Securities and Exchange Commission on April 30, 1997 and in
final form under Rule 497(c) on May 1, 1997, and are part of the
Registrant's December 31, 1996 Annual Report to Shareholders. No
other portfolio was operational in the fiscal period ended December
31, 1996. The Registrant's unaudited financial statements for the
Fixed Income, Global Equity, Growth, High Yield, International
Magnum, Mid Cap Value and Value Portfolios for the period from
January 2, 1997 (commencement of operations) to March 31, 1997, are
included in Part B (Statement of Additional Information) which is
incorporated herein by reference to Post-Effective Amendment No.1 to
the Registration Statement on Form N-1A (File No. 333-03013) as filed
with the Securities and Exchange Commission on April 30, 1997 and in
final form under Rule 497(c) on May 1, 1997. The financial
statements included in Part B are:
1. Statement of Net Assets
2. Statement of Operations
3. Statement of Changes in Net Assets
4. Financial Highlights
5. Notes to Financial Statements
6. Report of Independent Accountants
The U.S. Real Estate and Asian Equity Portfolios commenced operations
on March 3, 1997.
(B) EXHIBITS
--------
1 (a) Articles of Incorporation between Registrant and Morgan Stanley
Asset Management Inc. are incorporated by reference to Registrant's
Registration Statement on Form N-1A (File Nos. 333-3013 and 811-
7607), as filed with the SEC via EDGAR on May 1, 1996.
(b) Articles of Amendment to Articles of Incorporation (changing "Growth
Portfolio" to "Equity Growth Portfolio") are filed herewith.
2 By-laws are incorporated by reference to Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607), as filed with
the SEC via EDGAR on May 1, 1996.
3 Not applicable.
4 Not applicable.
5 (a) Form of Investment Advisory Agreement between Registrant and Morgan
Stanley Asset Management Inc. ("MSAM") with respect to the Money
Market, Emerging Markets Debt, Growth, U.S. Real Estate, Global
Equity, International Magnum, Emerging Markets Equity and Asian
Equity Portfolios is incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form
N-1A (File Nos. 333-3013 and 811-7607), as filed with the SEC via
EDGAR on September 16, 1996.
(b) Form of investment Advisory Agreement between Registrant and Miller
Anderson & Sherrerd, LLP ("MAS") with respect to the Fixed income,
high Yield, International Fixed Income, Balanced, Multi-Asset-Class,
Value, Core Equity, Mid Cap Growth and Mid Cap Value Portfolios is
incorporated by reference to Pre-Effective Amendment No. 1 to the
Registrant's Registration Statement on Form N-1A (File Nos. 333-3013
and 811-7607), as filed with the SEC via EDGAR on September 16,
1996.
6 Form of Distribution Agreement between Registrant and Morgan Stanley &
Co. Incorporated is incorporated by reference to Pre-Effective Amendment
No. 1 to the Registrant's Registration Statement on Form N-1A (File Nos.
333-3013 and 811-7607), as filed with the SEC via EDGAR on September 16,
1996.
7 Not applicable.
8 (a) Form of Domestic Mutual Fund Custody Agreement between Registrant
and Chase Manhattan Bank, N.A. is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration Statement
on Form N-1A (File Nos. 333-3013 and 811-7607), as filed with the
SEC via EDGAR on September 16, 1996.
(b) Form of International Custody Agreement between the Registrant and
Morgan Stanley Trust Company is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration Statement
on Form N-1A (File Nos. 333-3013 and 811-7607), as filed with the
SEC via EDGAR on September 16, 1996.
9 (a) Form of Administration Agreement between Registrant and Morgan
Stanley Asset Management Inc. is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration Statement
on Form N-1A (File Nos. 333-3013 and 811-7607), as filed with the
SEC via EDGAR on September 16, 1996.
(b) Form of Administration Agreement between Registrant and Miller
Anderson & Sherrerd, LLP is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration Statement
on Form N-1A (File No. 333-3013 and 811-7607), as filed with the SEC
via EDGAR on September 16, 1996.
(c) Form of Sub-Administration Agreement between Morgan Stanley Asset
Management Inc. and Chase Global Funds Services Company is
incorporated by reference to Pre-Effective Amendment No. 1 to the
Registrant's Registration Statement on Form N-1A (File Nos. 333-3013
and 811-7607), as filed with the SEC via EDGAR on September 16,
1996.
C-1
<PAGE>
(d) Form of Sub-Administration Agreement between Miller Anderson &
Sherrerd LLP and Chase Global Funds Services Company is incorporated
by reference to Pre-Effective Amendment No. 1 to the Registrant's
Registration Statement on Form N-1A (File Nos. 333-3013 and 811-
7607), as filed with the SEC via EDGAR on September 16, 1996.
10 Opinion of Counsel is incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form N-1A
(Filed Nos. 333-3013 and 811-7607), as filed with the SEC via EDGAR on
September 16, 1996.
11 Non applicable.
12 Not applicable.
13 Not applicable.
14 Not applicable.
15 Not applicable.
16 Not applicable.
24 Powers of Attorney are incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form N-1A
(File Nos. 333-3013 and 811-7607), as filed with the SEC via EDGAR on
September 16, 1996.
27 Financial Data Schedules are filed herewith.
- --------------------
Item 25. Persons Controlled by or Under Common Control with Registrant
-------------------------------------------------------------
As of May 28, 1997, Morgan Stanley Group Inc. ("MSGI"), a Delaware
corporation located at 1585 Broadway, New York, New York 10036, owned
of record 85.88%, 90.75%, 78.09%, 31.82%, 76.21%, 84.33%, 93.59%,
92.75%, 80.49% and 99.66% of the outstanding voting securities of the
International Magnum, U.S. Real Estate, Mid Cap Value, Emerging
Markets Equity, Value, Global Equity, Fixed Income, High Yield, Equity
Growth and Asian Equity Portfolios, respectively. MSGI will vote
shares of the Portfolios that it owns in the same proportion as shares
of the Portfolios are voted by insurance companies. Insurance
companies vote shares of the Portfolios held in their separate
accounts in accordance with voting instructions of their variable
annuity contract and variable life insurance policy owners.
Accordingly, MSGI is not viewed as in control of the Portfolios and
therefore MSGI's affiliates are not viewed as under common control
with the Portfolios.
Item 26. Number of Holders of Securities
-------------------------------
The following information is given as of May 28, 1997.
<TABLE>
<CAPTION>
Number of
Title of Class Record Holders
-------------- --------------
<S> <C>
Money Market Portfolio............................ 0
Fixed Income Portfolio............................ 3
High Yield Portfolio.............................. 2
International Fixed Income Portfolio.............. 0
Emerging Markets Debt Portfolio................... 0
Balanced Portfolio................................ 0
Multi-Asset-Class Portfolio....................... 0
Equity Growth Portfolio........................... 2
Value Portfolio................................... 2
</TABLE>
C-2
<PAGE>
Core Equity Portfolio............................. 0
Mid Cap Growth Portfolio.......................... 0
Mid Cap Value Portfolio........................... 2
U.S. Real Estate Portfolio........................ 5
Global Equity Portfolio........................... 4
International Magnum Portfolio.................... 4
Emerging Markets Equity Portfolio................. 12
Asian Equity Portfolio............................ 3
Item 27. Indemnification
---------------
Reference is made to Article SEVEN of the Registrant's Articles
of Incorporation. Insofar as indemnification for liability arising under the
Securities Act of 1933, as amended (the "1933 Act"), may be permitted to
directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the
opinion of the Securities and Exchange Commission (the "Commission") such
indemnification is against public policy as expressed in the 1933 Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the 1933 Act and will be governed by the final
adjudication of such issue.
Item 28. Business and Other Connections of Investment Advisers
-----------------------------------------------------
Reference is made to the caption "Management of the Fund--Investment
Advisers" in the Prospectuses constituting Part A which is incorporated by
reference to this Registration Statement and "Management of the Fund" in Part B
which is incorporated by reference to this Registration Statement.
Listed below are the officers and Directors of Morgan Stanley Asset
Management Inc.:
DIRECTORS:
---------
James M. Allwin Director
Barton M. Biggs Director
Gordon S. Gray Director
Peter A. Nadosy Director
Dennis G. Sherva Director
OFFICERS:
--------
Barton M. Biggs Chairman
Managing Director
Peter A. Nadosy Vice Chairman
Managing Director
James M. Allwin President
Managing Director
John R. Alkire Managing Director (MSAM) - Tokyo
P. Dominic Caldecott Managing Director (MSAM) - UK
A. Macdonald Caputo Managing Director
Ean Wah Chin Managing Director (MSAM) - Singapore
Garry B. Crowder Managing Director
Madhav Dhar Managing Director
Kurt A. Feuerman Managing Director
Paul B. Ghaffari Managing Director
Gordon S. Gray Managing Director
Marianne Liang Hay Managing Director (MSAM) - UK
Gary D. Latainer Managing Director
Mahmoud A. Mamdani Managing Director
Roger L. Meyer Managing Director
Russell C. Platt Managing Director
Robert A. Sargent Managing Director (MSAM) - UK
Bidyut C. Sen Managing Director
Vinod R. Sethi Managing Director
Dennis G. Sherva Managing Director
James L. Tanner Managing Director (MSAM) - UK
Richard G. Woolworth, Jr. Managing Director
Debra M. Aaron Principal
Warren Ackerman III Principal
Robert E. Angevine Principal
Suzanne S. Akers Principal
Gerald P. Barth-Wehrenalp Principal
Theodore R. Bigman Principal
Francine J. Bovich Principal
Stuart J. M. Breslow Principal
Andrew C. Brown Principal (MSAM) - UK
Jeffrey P. Brown Principal
Frances Campion Principal (MSAM) - UK
Terence P. Carmichael Principal
Arthur Certosimo Principal
<PAGE>
Stephen C. Cordy Principal
Jacqueline A. Day Principal (MSAM) - UK
Raye L. Dube Principal
Abigail Jones Feder Principal
Eugene Flood, Jr. Principal
Thomas C. Frame Principal
James Wayne Grisham Principal
Perry E. Hall II Principal
Ruth A. Hughes-Guden Principal
Margaret Kinsley Johnson Principal
Michael F. Klein Principal
Michael B. Kushma Principal
Khoon-Min Lim Principal
Marianne J. Lippmann Principal
Yvonne Longley Principal (MSAW) - UK
Andrew Mack Principal (MSAW) - Tokyo
Gary J. Mangino Principal
Jeffery Margolis Principal
M. Paul Martin Principal
Walter Maynard, Jr. Principal
Margaret P. Naylor Principal (MSAW) - UK
Yoshiro Okawa Principal (MSAW) - UK
Warren Olsen Principal
Christopher G. Petrow Principal
Narayan Ramachandran Principal
Gail Hunt Reeke Principal
Christine I. Reilly Principal
Stefano Russo Principal (MSAW) - Milan
Bruce R. Sandberg Principal
Kiat Seng Seah Principal (MSAW) - Singapore
Stephen C. Sexauer Principal
Robert M. Smith Principal
Kunibiko Sugio Principal (MSAW) - Tokyo
Ann D. Thivierge Principal
Philip W. Winters Principal
Alford E. Zick, Jr. Principal
Maryann Savadelis Agre Vice President
Peter Aliprantis Vice President
Jeffery Alvino Vice President
Alistair Anderson Vice President
William S. Auslander Vice President
Kimberly L. Austin Vice President
Marshall T. Bassett Vice President
Christopher Blair Vice President
Richard Boon Vice President
Geraldine Boyle Vice President
Paul Boyne Vice President
L. Kenneth Brooks Vice President
Jonathan Paul Buckeridge Vice President (MSAM) - Melbourne
Carl Kuo-Wei Chien Vice President (MSAM) - Hong Kong
<PAGE>
Lori A. Cohane Vice President
James Colmenares Vice President
Kate Cornish-Bowden Vice President
Nikhil Dhaon Vice President
Chrisine H. du Bois Vice President
Richard S. Farden Vice President
Daniel E. Fox Vice President
Karen T. Frost Vice President
Lisa Gallo Vice President
Josephine M. Glass Vice President
Charles A. Golden Vice President
Dimitri Goulandris Vice President
James A. Grasselino Vice President
Kenneth John Greig Vice President (MSAM)-UK
Maureen A. Grover Vice President
Michael Hewett Vice President
Kenneth R. Holley Vice President
Holly D. Hopps Vice President
Etsuko Fuyeya Jennings Vice President
Donald B. Johnston Vice President
Jaideep Khanna Vice President
Peter L. Kirby Vice President
George Koshy Vice President
Paul Koske Vice President
Daniel R. Lascano Vice President
Arthur J. Lev Vice President
Valerie Y. Lewis Vice President
Jane Likins Vice President (MSAM)-UK
William David Lock Vice President (MSAM)-UK
Gordon W. Loery Vice President
Paula J. Morgan Vice President
Nancy Morton Vice President
Clare K. Mutome Vice President
Terumi Nagata Vice President (MSAM)-Tokyo
Bradley Okita Vice President
Martin O. Pearce Vice President (MSAM)-UK
Alexander A. Pena Vice President
Anthony J. Pesce Vice President
David J. Polansky Vice President
Karen Post Vice President
Akash Prakash Vice President (MSAM)-Muabai
Gregg A. Robinson Vice President
Gerald D. Rubin Vice President
Donald P. Ryan Vice President
Neil Siegel Vice President
Ashutosh Sinha Vice President
Andy B. Skov Vice President
Michael James Smith Vice President (MSAM)-UK
Kim I Spellman Vice President
Joseph P. Stadler Vice President
Christian K. Stadlinger Vice President
Catherine Steinhardt Vice President
Ram K. Sundaram Vice President
Keiko Tamaki-Kuroda Vice President
Shunso Tatsumi Vice President
Louise Teeple Vice President
Joseph Y.S. Tern Vice President (MSAM)-Singapore
Landon Thomas Vice President
Richard Boon Hwee Toh Vice President (MSAM)-Singapore
K.N. Vaidyanathan Vice President (MSAM)-Muabai
Dennis J. Walsh Vice President
Jacob Walthour Vice President
Kevin V. Wasp Vice President
Patricia Woo Vice President
Harold J. Schaaff, Jr. Principal
General Counsel and Secretary
Eileen K. Murray Treasurer
Madeline D. Barkhorn Assistant Secretary
Charlene R. Herzer Assistant Secretary
In addition, MSAM acts as investment adviser to the following registered
investment companies: American Advantage International Equity Fund; The
Brazilian Investment Fund, Inc.: certain portfolios of The Enterprise Group of
Funds, Inc.: Fountain Square International Equity Fund; General American Capital
Co.; The Latin American Discovery Fund, Inc.; certain portfolios of The Legends
Fund. Inc.; The Malaysia Fund, Inc.; Morgan Stanley Africa Investment Fund,
Inc.; Morgan Stanley Asia-Pacific Fund, Inc.; Morgan Stanley Emerging Markets
Debt Fund, Inc.; Morgan Stanley Emerging Markets Fund, Inc.; all funds of the
Morgan Stanley Fund, Inc.; Morgan Stanley Global Opportunity Bond Fund Inc..;
all funds of the Morgan Stanley High Yield Fund, Inc.; Morgan Stanley India
Investment Fund, Inc.; certain portfolios of Morgan Stanley Universal Funds,
Inc.; The Pakistan Investment Fund, Inc.; PCS Cash Fund, Inc.; The Thai Fund,
Inc.; The Turkish Investment Fund, Inc.; Principal Aggressive Growth Fund, Inc.;
Principal Asset Allocation Fund, Inc.; certain portfolios of the SunAmerica
Series Trust and certain portfolios of the Fortis Series Fund.
MAS is a Pennsylvania limited liability partnership founded in 1969. MAS
provides investment services to employee benefit plans, endowment funds,
foundations and other institutional investors as well as serving as investment
advisor to MAS Funds, a registered investment company.
C-3
<PAGE>
The information required by this Item 28 with respect to each
director, officer or partner of MAS together with information as to any other
business, profession, vocation or employment of a substantial nature engaged in
by such officers and directors during the past two years, is incorporated by
reference to Schedules B and D of Form ADV filed by MAS pursuant to the
Investment Advisers Act of 1940 (SEC file No. 801-10437).
Item 29. Principal Underwriters
----------------------
Morgan Stanley & Co. Incorporated ("MS&Co.") is distributor for Morgan
Stanley Universal Funds, Inc. and Morgan Stanley Institutional Fund, Inc. Van
Kampen American Capital, Inc. ("VKAC") is distributor for Morgan Stanley Fund,
Inc. The information required by this Item 29 with respect to each Director
and officer of MS&Co. is incorporated by reference to Schedule A of Form BD
filed by MS&Co. pursuant to the Securities and Exchange Act of 1934, as amended
(SEC File No. 8-15869).
Item 30. Location of Accounts and Records
--------------------------------
The books, accounts and other documents required by Section 31(a)
under the Investment Company Act of 1940, as amended, and the rules promulgated
thereunder are maintained in the physical possession of the Registrant;
Registrant's Transfer Agent, Chase Global Funds Services Company, P.O. Box 2798,
Boston, Massachusetts 02208-2798; and the Registrant's custodian banks,
including sub-custodians.
Item 31. Management Services
-------------------
Each of MSAM and MAS have entered into Sub-Administration Agreements
with Chase Global Funds Services Companies ("Chase") (filed as Exhibit No. 9(c)
and 9(d) to Pre-Effective Amendment No.1 to the Registration Statement) pursuant
to which Chase will provide fund administration, fund accounting and transfer
agency services to specified Portfolios of the Registrant.
Item 32. Undertakings
------------
(1) Registrant undertakes to file a post-effective amendment
containing reasonably current financial statements, which need not be certified,
for the Fixed Income, Global Equity, Equity Growth, High Yield, International
Magnum, Mid Cap Value, Value, Money Market, International Fixed Income, Emerging
Markets Debt, Balanced, Multi-Asset-Class, Core Equity, Mid Cap Value, U.S. Real
Estate and Asian Equity Portfolios within four to six months from the effective
date or this Registration Statement or the commencement of operations of each
such Investment Fund, whichever is later.
(2) Registrant hereby undertakes that whenever a Shareholder or
Shareholders who meet the requirements of Section 16(c) of the 1940 Act inform
the Board of Directors of his or their desire to communicate with other
Shareholders of the Fund, the Directors will inform such Shareholder(s) as to
the approximate number of Shareholders of record and the approximate costs of
mailing or afford said Shareholders access to a list of Shareholders.
C-6
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Act of 1933, as amended,
and the Investment Company Act of 1940, as amended, the Registrant certifies
that it meets all of the requirements for effectiveness of this Amendment to the
Registration Statement pursuant to Rule 485(b) and has duly caused this
Amendment to its Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York and State of New
York, on the 24th day of June, 1997.
MORGAN STANLEY UNIVERSAL FUNDS, INC.
By: /s/ Michael F. Klein
-------------------
Michael F. Klein
President and Director
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Amendment to this Registration Statement has been signed below by the
following persons in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
Signature Title(s) Date
- --------- -------- ----
<S> <C> <C>
/s/ Michael F. Klein
- ----------------------------
Michael F. Klein Director, President June 24, 1997
(Chief Executive
Officer)
*/s/ Barton M. Biggs
- ----------------------------
Barton M. Biggs Director (Chairman) June 24, 1997
*/s/ John D. Barrett, II
- ----------------------------
John D. Barrett, II Director June 24, 1997
*/s/ Gerard E. Jones
- ----------------------------
Gerard E. Jones Director June 24, 1997
*/s/ Andrew McNally, IV
- ----------------------------
Andrew McNally, IV Director June 24, 1997
*/s/ Samuel T. Reeves
- ----------------------------
Samuel T. Reeves Director June 24, 1997
*/s/ Fergus Reid
- ----------------------------
Fergus Reid Director June 24, 1997
*/s/ Frederick O. Robertshaw
- ----------------------------
Frederick O. Robertshaw Director June 24, 1997
*/s/ Joanna Haigney
- ----------------------------
Joanna Haigney Treasurer June 24, 1997
*By: /s/ Michael F. Klein
------------------------
Michael F. Klein
Attorney-In-Fact
</TABLE>
C-9
<PAGE>
EXHIBIT INDEX
-------------
(B) EXHIBITS
--------
1 (a) Articles of Incorporation between Registrant and Morgan Stanley
Asset Management Inc. are incorporated by reference to
Registrant's Registration Statement on Form N-1A (File Nos. 333-
3013 and 811-7607), as filed with the SEC via EDGAR on May 1,
1996.
EX-99.B (b) Articles of Amendment to Articles of Incorporation (changing
"Growth Portfolio" to "Equity Growth Portfolio") are filed
herewith.
2 By-laws are incorporated by reference to Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607), as filed
with the SEC via EDGAR on May 1, 1996.
3 Not applicable.
4 Not applicable.
5 (a) Form of Investment Advisory Agreement between Registrant and
Morgan Stanley Asset Management Inc. ("MSAM") with respect to
the Money Market, Emerging Markets Debt, Growth, U.S. Real
Estate, Global Equity, International Magnum, Emerging Markets
Equity and Asian Equity Portfolio is incorporated by reference
to Pre-Effective Amendment No. 1 to the Registrant's
Registration Statement on Form N-1A (File Nos. 333-3013 and 811-
7607), as filed with the SEC via EDGAR on September 16, 1996.
(b) Form of Investment Advisory Agreement between Registrant and
Miller Anderson & Sherrerd, LLP ("MAS") with respect to the
Fixed Income, High Yield, International Fixed Income, Balanced,
Multi-Asset-Class, Value, Core Equity, Mid Cap Growth and Mid
Cap Value Portfolios is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607), as
filed with the SEC via EDGAR on September 16, 1996.
6 Form of Distribution Agreement between Registrant and Morgan Stanley
& Co. Incorporated is incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form N-
1A (File Nos. 333-3013 and 811-7607), as filed with the SEC via EDGAR
on September 16, 1996
7 Not applicable.
8 (a) Form of Domestic Mutual Fund Custody Agreement between
Registrant and Chase Manhattan Bank, N.A. is incorporated by
reference to Pre-Effective Amendment No. 1 to the Registrant's
Registration Statement on Form N-1A (File Nos. 333-3013 and 811-
7607, as filed with the SEC via EDGAR on September 16, 1996.
(b) Form of International Custody Agreement between Registrant and
Morgan Stanley Trust Company is incorporated by reference to
Pre-Effective Amendment No. 1 to the Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607, as
filed with the SEC via EDGAR on September 16, 1996.
9 (a) Form of Administration Agreement between Registrant and Morgan
Stanley Asset Management Inc. is incorporated by reference to
Pre-Effective Amendment No. 1 to the Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607, as
filed with the SEC via EDGAR on September 16, 1996.
(b) Form of Administration Agreement between Registrant and Miller
Anderson & Sherrerd, LLP is incorporated by reference to Pre-
Effective Amendment No. 1 to the Registrant's Registration
Statement on Form N-1A (File Nos. 333-3013 and 811-7607, as
filed with the SEC via EDGAR on September 16, 1996.
(c) Form of Sub-Administration Agreement between Morgan Stanley
Asset Management Inc. and Chase Global Funds Services Company is
incorporated by reference to Pre-Effective Amendment No. 1 to
C-2
<PAGE>
the Registrant's Registration Statement on Form N-1A (File
Nos. 333-3013 and 811-7607, as filed with the SEC via EDGAR on
September 16, 1996.
(d) Form of Sub-Administration Agreement between Miller Anderson &
Sherrerd LLP and Chase Global Funds Services Company is
incorporated by reference to Pre-Effective Amendment No. 1 to
the Registrant's Registration Statement on Form N-1A (File
Nos. 333-3013 and 811-7607), as filed with the SEC via EDGAR
on September 16, 1996.
10 Opinion of Counsel is incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form
N-1A (File Nos. 333-3013 and 811-7607), as filed with the SEC via
EDGAR on September 16, 1996.
11 Not applicable.
12 Not applicable.
13 Not applicable.
14 Not applicable.
15 Not applicable.
16 Not applicable.
24 Powers of Attorney are incorporated by reference to Pre-Effective
Amendment No. 1 to the Registrant's Registration Statement on Form
N-1A (File Nos. 333-3013 and 811-7607), as filed with the SEC via
EDGAR on September 16, 1996.
EX-99.B 27 Financial Data Schedules are filed herewith.
- ----------------------------------
C-9
<PAGE>
ARTICLES OF AMENDMENT
TO
ARTICLES OF INCORPORATION
OF
MORGAN STANLEY UNIVERSAL FUNDS, INC.
MORGAN STANLEY UNIVERSAL FUNDS, INC. (the "Corporation"), a corporation
organized under the laws of the State of Maryland, having its principal place of
business at 1221 Avenue of the Americas, New York, NY 10020, does hereby certify
to the State Department of Assessments and Taxation of Maryland that:
FIRST: The Corporation is registered as an open-end investment company
under the Investment Company Act of 1940.
SECOND: Pursuant to the authority contained in Section 2-605(a)(4) of the
Maryland General Corporation Law and under authority contained in Article
THIRTEENTH of the Articles of Incorporation of the Corporation, the full Board
of Directors by unaminous consent dated April 30, 1997, have changed the name of
one of the Corporation's classes of Common Stock, the "Growth Portfolio" to the
"Equity Growth Portfolio."
THIRD: Pursuant to the requirements of Section 2-607 of the Maryland
General Corporation Law, the Board of Directors has determined to file of record
these Articles of Amendment, which Amendment is limited to a change expressly
permitted by Section 2-605 of the Maryland General Corporation Law to be made
without action by the stockholders and which Amendment is solely for the purpose
of changing the name of one of the Corporation's classes of Common Stock.
FOURTH: Article FIFTH, Section 3 of the Articles of Incorporation of the
Corporation is hereby amended to read in its entirety as follows:
Pursuant to Section 2-105 of the Maryland General Corporation Law, the
Board of Directors of the Corporation shall have the power to designate one or
more classes of shares of Common Stock, to fix the number of shares in any such
class and to classify or reclassify any unissued shares with respect to such
class. Any such class (subject to any applicable rule, regulation or order of
the Securities and Exchange Commission or other applicable law or regulation)
shall have such preferences, conversion or other rights, voting powers,
restrictions, limitations as to dividends, qualifications, terms and conditions
of redemption and other characteristics as the Board may determine in the
absence of contrary determination set forth herein. The aforesaid power shall
include the power to create, by classifying unissued shares in the aforesaid
manner, one or more classes in addition to those initially designated as named
below. Subject to such aforesaid power, the Board of Directors has designated
seventeen portfolios of the Corporation. The names of such classes and the
number of shares of Common Stock classified and allocated to these classes are
as follows:
<PAGE>
Number of Shares
of Common Stock
Name of Class Classified and Allocated
- ------------- ------------------------
Money Market Portfolio 1,000,000,000
Fixed Income Portfolio 500,000,000
High Yield Portfolio 500,000,000
International Fixed Income Portfolio 500,000,000
Emerging Markets Debt Portfolio 500,000,000
Balanced Portfolio 500,000,000
Multi-Asset-Class Portfolio 500,000,000
Equity Growth Portfolio 500,000,000
Value Portfolio 500,000,000
Core Equity Portfolio 500,000,000
Mid Cap Growth Portfolio 500,000,000
Mid Cap Value Portfolio 500,000,000
U.S. Real Estate Portfolio 500,000,000
Global Equity Portfolio 500,000,000
International Magnum Portfolio 500,000,000
Emerging Markets Equity Portfolio 500,000,000
Asian Equity Portfolio 500,000,000
<PAGE>
IN WITNESS WHEREOF, Morgan Stanley Universal Funds, Inc. has caused these
Articles of Amendment to be signed in its corporate name and on its behalf by
its President and its corporate seal to be hereunto affixed and attested by its
Secretary as of the 30th day of April, 1997.
MORGAN STANLEY UNIVERSAL FUNDS, INC.
By: /s/ Warren J. Olsen
-----------------------
Warren J. Olsen
President
[SEAL appears here]
Attest:
/s/ Valerie Y. Lewis
- -------------------------
Valerie Y. Lewis
Secretary
<PAGE>
THE UNDERSIGNED, President of Morgan Stanley Universal Funds, Inc., who
executed on behalf of said corporation the foregoing Articles of Amendment of
which this certificate is made a part, hereby acknowledges, in the name and on
behalf of said corporation, the foregoing Articles of Amendment to be the
corporate and further certifies that, to the best of his knowledge, information
and belief, the matters and facts set forth herein with respect to the approval
thereof are true in all material respects, under the penalties of perjury.
/s/ Warren J. Olsen
-------------------------
Warren J. Olsen
President
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<SERIES>
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