MORGAN STANLEY UNIVERSAL FUNDS INC
NSAR-B, 1997-02-21
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0001011378
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MORGAN STANLEY UNIVERSAL FUNDS, INC.
001 B000000 811-7607
001 C000000 6175578743
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 EMERGING MARKETS EQUITY PORTFOLIO
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
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007 C011000 10
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 MORGAN STANLEY & CO., INC.
014 B00AA01 8-15869
015 A00AA01 MORGAN STANLEY TRUST COMPANY
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11210
015 E04AA01 X
015 A00AA02 THE CHASE MANHATTAN BANK
015 B00AA02 C
015 C01AA02 BROOKLYN
015 C02AA02 NY
<PAGE>      PAGE  2
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018  00AA00 Y
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020 A000001 MERRILL LYNCH & CO.,INC
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020 A000010 BARCLAY INVESTMENTS, INC.
020 B000010 05-0346412
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022 A000005 CS FIRST BOSTON CORP.
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022 B000005 13-5659485
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008 A000101 MORGAN STANLEY ASSET MANAGEMENT INC.
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008 D010101 NEW YORK
008 D020101 NY
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010 A000101 MORGAN STANLEY ASSET MANAGEMENT INC.
010 B000101 801-15757
010 C010101 NEW YORK
010 C020101 NY
010 C030101 10020
010 A000102 CHASE GLOBAL FUNDS SERVICES COMPANY
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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SIGNATURE   JAMES R. ROONEY                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001011378
<NAME> MORGAN STANLEY UNIVERSAL FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> EMERGING MARKETS EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           11,944
<INVESTMENTS-AT-VALUE>                          11,811
<RECEIVABLES>                                      125
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<SENIOR-EQUITY>                                      0
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</TABLE>


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