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SUPPLEMENT DATED JUNE 17, 1998
TO THE PROSPECTUS DATED MAY 1, 1998
AS ELECTRONICALLY DISSEMINATED ON THE
FIDELITY INVESTMENTS WEB SITE (HTTP://WWW.FIDELITY.COM)
EMERGING MARKETS DEBT PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC. (THE "FUND")
P.O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
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The Prospectus, as electronically disseminated on the Fidelity Investments
Web site (http://www.fidelity.com), is being amended and supplemented to
reflect a change to the cover page of the Prospectus. The third paragraph in
the first column on the cover page of the Prospectus is hereby deleted and
replaced with the following:
A Statement of Additional Information ("SAI") dated May 1, 1998, as
supplemented through June 5, 1998, has been filed with the Securities and
Exchange Commission and is available, along with material incorporated by
reference and other information regarding the Portfolios, on the Securities
and Exchange Commission's Internet Web site (http://www.sec.gov). The SAI is
incorporated herein by reference, and, therefore, legally forms a part of the
Prospectus. For a copy of the SAI, at no charge, contact the Fund by calling
1-800-422-6464, ext. 7182 or contact your insurance company.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
