<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH NOVEMBER 13, 1998
MONEY MARKET PORTFOLIO
FIXED INCOME PORTFOLIO
HIGH YIELD PORTFOLIO
CORE EQUITY PORTFOLIO
EQUITY GROWTH PORTFOLIO
VALUE PORTFOLIO
MID CAP GROWTH PORTFOLIO
MID CAP VALUE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
INTERNATIONAL FIXED INCOME PORTFOLIO
EMERGING MARKETS DEBT PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
ASIAN EQUITY PORTFOLIO
LATIN AMERICAN PORTFOLIO
BALANCED PORTFOLIO
MULTI-ASSET-CLASS PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Money Market, Equity Growth, U.S. Real Estate,
Emerging Markets Debt, Global Equity, International Magnum, Emerging Markets
Equity, Asian Equity and Latin American Portfolios, changed its name to Morgan
Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 12, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
VALUE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate, International Magnum and Emerging
Markets Equity Portfolios, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED JUNE 5, 1998
VALUE PORTFOLIO
MID CAP VALUE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Global Equity Portfolio, changed its name to Morgan
Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 19, 1998
FIXED INCOME PORTFOLIO
HIGH YIELD PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate and Global Equity Portfolios, changed
its name to Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED AUGUST 28, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
EQUITY GROWTH PORTFOLIO
OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolio's investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED SEPTEMBER 10, 1998
HIGH YIELD PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate Portfolio, changed its name to Morgan
Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED NOVEMBER 3, 1998
FIXED INCOME PORTFOLIO
EQUITY GROWTH PORTFOLIO
VALUE PORTFOLIO
MID CAP VALUE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Equity Growth, U.S. Real Estate, Global Equity and
International Magnum Portfolios, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
EMERGING MARKETS EQUITY PORTFOLIO
OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolio's investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 26, 1998
EMERGING MARKETS DEBT PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolios' investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
1.709760.101
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 26, 1998
FIXED INCOME PORTFOLIO
HIGH YIELD PORTFOLIO
EQUITY GROWTH PORTFOLIO
VALUE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Equity Growth, Global Equity and Emerging Markets
Equity Portfolios, changed its name to Morgan Stanley Dean Witter Investment
Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998,
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 26, 1998
FIXED INCOME PORTFOLIO
HIGH YIELD PORTFOLIO
EQUITY GROWTH PORTFOLIO
VALUE PORTFOLIO
MID CAP VALUE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
ASIAN EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Equity Growth, Global Equity, International Magnum,
Emerging Markets Equity and Asian Equity Portfolios, changed its name to Morgan
Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
VAGSPT199
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 26, 1998
EQUITY GROWTH PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolios' investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
#40274
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
FIXED INCOME PORTFOLIO
VALUE PORTFOLIO
MID CAP VALUE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate and Emerging Markets Equity
Portfolios, changed its name to Morgan Stanley Dean Witter Investment Management
Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 26, 1998
U.S. REAL ESTATE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
ASIAN EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolios' investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
VALUE PORTFOLIO
MID CAP VALUE PORTFOLIO
GLOBAL EQUITY PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Global Equity and Emerging Markets Equity Portfolios,
changed its name to Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
#40276
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
FIXED INCOME PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Emerging Markets Equity Portfolio, changed its name
to Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 26, 1998
HIGH YIELD PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
EMERGING MARKETS EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the International Magnum and Emerging Markets Equity
Portfolios, changed its name to Morgan Stanley Dean Witter Investment
Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
EMERGING MARKETS DEBT PORTFOLIO
OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
Portfolio's investment adviser, changed its name to Morgan Stanley Dean Witter
Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
FIXED INCOME PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate Portfolio, changed its name to
Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED THROUGH OCTOBER 6, 1998
HIGH YIELD PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
EMERGING MARKETS DEBT PORTFOLIO
ASIAN EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate, Emerging Markets Debt and Asian
Equity Portfolios, changed its name to Morgan Stanley Dean Witter Investment
Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
FIXED INCOME PORTFOLIO
HIGH YIELD PORTFOLIO
INTERNATIONAL MAGNUM PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the International Magnum Portfolio, changed its name to
Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
FIXED INCOME PORTFOLIO
VALUE PORTFOLIO
U.S. REAL ESTATE PORTFOLIO
EMERGING MARKETS DEBT PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the U.S. Real Estate and Emerging Markets Debt Portfolios,
changed its name to Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
HIGH YIELD PORTFOLIO
EQUITY GROWTH PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Equity Growth Portfolio, changed its name to Morgan
Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
HIGH YIELD PORTFOLIO
MID CAP VALUE PORTFOLIO
EMERGING MARKETS DEBT PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Emerging Markets Debt Portfolio, changed its name to
Morgan Stanley Dean Witter Investment Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
#40275
<PAGE>
SUPPLEMENT DATED JANUARY 7, 1999
TO PROSPECTUS DATED MAY 1, 1998
AS PREVIOUSLY SUPPLEMENTED ON OCTOBER 6, 1998
HIGH YIELD PORTFOLIO
EQUITY GROWTH PORTFOLIO
VALUE PORTFOLIO
EMERGING MARKETS DEBT PORTFOLIO
GLOBAL EQUITY PORTFOLIO
PORTFOLIOS OF THE
MORGAN STANLEY UNIVERSAL FUNDS, INC.
P. O. BOX 2798
BOSTON, MASSACHUSETTS
02208-2798
-------------------------------------
The Prospectus is hereby amended and supplemented to reflect the
following:
Effective January 6, 1999, Morgan Stanley Universal Funds, Inc. (the
"Fund") changed its name to Morgan Stanley Dean Witter Universal Funds, Inc.
Effective December 1, 1998, Morgan Stanley Asset Management Inc., the
investment adviser to the Equity Growth, Emerging Markets Debt and Global Equity
Portfolios, changed its name to Morgan Stanley Dean Witter Investment
Management Inc.
-------------------------------------
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
