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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Morgan Stanley Russia & New Europe Fund Inc.
(Name of Issuer)
Common Stock
(Title of class of securities)
616911103
(CUSIP number)
Check the following box if a fee is being paid with this statement [ ] (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
notes).
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CUSIP No. 616911103 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Group Inc.
IRS # 13-283-8891
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 432,689 **
REPORTING -------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
568,383 **
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,383 **
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.36% **
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
** AS OF 3/31/97
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CUSIP No. 616911103 13G Page 3 of 6 Pages
Item 1 (a) Name of Issuer
Morgan Stanley Russia & New Europe Fund Inc.
Item 1 (b) Address of issuer's principal executive offices
1221 Avenue of the Americas
New York, New York 10020
Item 2 (a) Name of person filing
Morgan Stanley Group Inc.
Item 2 (b) Principal business office
1585 Broadway
New York, New York 10036
Item 2 (c) Citizenship
Incorporated by reference to Item 4 of the cover
page pertaining to each reporting person.
Item 2 (d) Title of class of Securities
Common Stock
Item 2 (e) Cusip No.
616911103
Item 3 Morgan Stanley Group Inc. is (e) an Investment
Adviser registered under section 203 of the
Investment Advisers Act of 1940.
Item 4 Ownership
Incorporated by reference to Items (5)-(9) and
(11) of the cover page pertaining to each reporting
person.
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CUSIP No. 616911103 13G Page 4 of 6 Pages
Item 5 Ownership of 5 Percent or Less of a Class
Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of Another
Person
Accounts managed on a discretionary basis by Morgan Stanley
Group, Inc. are known to have the right to receive or the
power to direct the receipt of dividends from, or the
proceeds from, the sale of such securities. No such account
holds more than 5 percent of the class.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company
Inapplicable
Item 8 Identification and Classification of Members of the Group
Inapplicable
Item 9 Notice of Dissolution of Group
Inapplicable
Item 10 Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or
effect.
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CUSIP No. 616911103 13G Page 5 of 6 Pages
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: May 14, 1997
Signature: /s/ Bruce Bromberg
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Name/Title: Bruce Bromberg / Counsel Morgan Stanley & Co.
Incorporated
MORGAN STANLEY GROUP INC.
INDEX TO EXHIBITS PAGE
----------------- ----
EXHIBIT 1 Secretary's Certificate Authorizing Bruce Bromberg 6
to Sign on behalf of Morgan Stanley Group Inc.
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Page 6 of 6 Pages
MORGAN STANLEY
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant
Secretary of Morgan Stanley Group Inc., a corporation organized and existing
under the laws of the State of Delaware (the "Corporation"), certify that the
following resolutions were duly adopted by a Consent in Lieu of a Meeting of the
Executive Committee of the Board of Directors of the Corporation dated as of
April 23, 1997:
RESOLVED, that the resolutions adopted on October 19, 1995
relating to signatories to certain reports to be filed with the
Securities and Exchange Commission (the "SEC") are superseded in their
entirety by these resolutions and Stuart J. M. Breslow, Robert G.
Koppenol, Bruce Bromberg and Robin Sherak are each authorized and
directed to sign on behalf of the Corporation any reports to be filed
under Section 13 and Section 16 of the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder, with the SEC, such
authorizations to cease automatically upon termination of employment
with any affiliate of the Corporation; and
RESOLVED FURTHER, that all actions heretofore taken by Stuart
J. M. Breslow, Robert G. Koppenol, Bruce Bromberg and Robin Sherak that
are within the authority conferred by the foregoing resolution are
approved, ratified and confirmed in all respects.
RESOLVED, that any and all actions to be taken, caused to be
taken or heretofore taken by any officer of the Corporation in executing
any and all documents, agreements and instruments and in taking any and
all steps (including the payment of all expenses) deemed by such officer
as necessary or desirable to carry out the intent and purposes of the
foregoing resolutions are authorized, ratified and confirmed.
IN WITNESS WHEREOF, I have hereunto set my name and affixed the
seal of the Corporation as of the 9th day of May, 1997.
/s/ Charlene R. Herzer
-----------------------------
Charlene R. Herzer
Assistant Secretary
[SEAL]
