MORGAN STANLEY INSTITUTIONAL FUND INC
NSAR-A, 1995-08-31
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<PAGE>      PAGE  1
000 A000000 06/30/95
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<PAGE>      PAGE  2
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  17
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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<PAGE>      PAGE  57
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<PAGE>      PAGE  58
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<PAGE>      PAGE  59
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<PAGE>      PAGE  60
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<PAGE>      PAGE  63
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<PAGE>      PAGE  64
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<PAGE>      PAGE  65
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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<PAGE>      PAGE  68
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<PAGE>      PAGE  69
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<PAGE>      PAGE  70
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<PAGE>      PAGE  71
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<PAGE>      PAGE  72
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<PAGE>      PAGE  73
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<PAGE>      PAGE  74
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<PAGE>      PAGE  75
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<PAGE>      PAGE  76
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<PAGE>      PAGE  77
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<PAGE>      PAGE  79
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<PAGE>      PAGE  81
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<PAGE>      PAGE  83
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<PAGE>      PAGE  86
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<PAGE>      PAGE  91
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<PAGE>      PAGE  92
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<PAGE>      PAGE  93
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<PAGE>      PAGE  95
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<PAGE>      PAGE  98
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SIGNATURE   JAMES R. ROONEY                              
TITLE       TREASURER           
 


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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 17
   <NAME> SMALL CAP VALUE EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 19
   <NAME> GOLD PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 20
   <NAME> JAPANESE EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
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<PERIOD-END>                               JUN-30-1995
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<ACCUMULATED-NET-GAINS>                        (4,569)
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<INTEREST-EXPENSE>                                   0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 10
   <NAME> GLOBAL FIXED INCOME PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                           83,741
<INVESTMENTS-AT-VALUE>                          87,448
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                            7,971
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<ACCUMULATED-NII-CURRENT>                          980
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<ACCUMULATED-NET-GAINS>                        (8,685)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         3,582
<NET-ASSETS>                                    88,866
<DIVIDEND-INCOME>                                    0
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                          1,727
<NUMBER-OF-SHARES-REDEEMED>                    (6,799)
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<NET-CHANGE-IN-ASSETS>                        (41,809)
<ACCUMULATED-NII-PRIOR>                          1,613
<ACCUMULATED-GAINS-PRIOR>                      (5,933)
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            10.29
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<PER-SHARE-GAIN-APPREC>                           0.87
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<EXPENSE-RATIO>                                   0.50
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 13
   <NAME> THE EMERGING MARKETS PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          995,340
<INVESTMENTS-AT-VALUE>                         988,509
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<ACCUMULATED-NET-GAINS>                        (3,128)
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<ACCUM-APPREC-OR-DEPREC>                       (7,626)
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<NET-INVESTMENT-INCOME>                          4,305
<REALIZED-GAINS-CURRENT>                      (15,789)
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                         18,239
<NUMBER-OF-SHARES-REDEEMED>                   (10,416)
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<ACCUMULATED-NII-PRIOR>                          (785)
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                  8,024
<AVERAGE-NET-ASSETS>                           877,947
<PER-SHARE-NAV-BEGIN>                            16.30
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<PER-SHARE-GAIN-APPREC>                         (1.24)
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<PER-SHARE-DISTRIBUTIONS>                       (0.92)
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<PER-SHARE-NAV-END>                              14.12
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 14
   <NAME> ACTIVE COUNTRY ALLOCATION PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          162,287
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<ACCUMULATED-NII-CURRENT>                        2,927
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<ACCUMULATED-NET-GAINS>                        (5,596)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         7,439
<NET-ASSETS>                                   154,247
<DIVIDEND-INCOME>                                2,055
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<NUMBER-OF-SHARES-SOLD>                          4,939
<NUMBER-OF-SHARES-REDEEMED>                    (7,224)
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<ACCUMULATED-GAINS-PRIOR>                        7,989
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                    965
<AVERAGE-NET-ASSETS>                           166,019
<PER-SHARE-NAV-BEGIN>                            11.65
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 15
   <NAME> INTERNATIONAL SMALL CAP PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          191,248
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<ACCUMULATED-NII-CURRENT>                        2,919
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (4,295)
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<APPREC-INCREASE-CURRENT>                      (2,754)
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<NUMBER-OF-SHARES-REDEEMED>                      (955)
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<NET-CHANGE-IN-ASSETS>                          26,917
<ACCUMULATED-NII-PRIOR>                            703
<ACCUMULATED-GAINS-PRIOR>                      (1,989)
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<GROSS-EXPENSE>                                  1,111
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<PER-SHARE-NAV-BEGIN>                            15.15
<PER-SHARE-NII>                                   0.20
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<PER-SHARE-DIVIDEND>                            (0.03)
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<PER-SHARE-NAV-END>                              15.43
<EXPENSE-RATIO>                                   1.15
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 9
   <NAME> EUROPEAN EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                           45,489
<INVESTMENTS-AT-VALUE>                          48,813
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<NET-INVESTMENT-INCOME>                            520
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<NUMBER-OF-SHARES-REDEEMED>                      (910)
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<NET-CHANGE-IN-ASSETS>                          20,990
<ACCUMULATED-NII-PRIOR>                             31
<ACCUMULATED-GAINS-PRIOR>                        2,731
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            39,149
<PER-SHARE-NAV-BEGIN>                            13.94
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.24)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.12
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 11
   <NAME> EQUITY GROWTH PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          126,248
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<NET-ASSETS>                                   146,773
<DIVIDEND-INCOME>                                1,083
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<NUMBER-OF-SHARES-SOLD>                          4,036
<NUMBER-OF-SHARES-REDEEMED>                    (2,098)
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<EXPENSE-RATIO>                                   0.80
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 12
   <NAME> ASIAN EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          240,653
<INVESTMENTS-AT-VALUE>                         292,377
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<ACCUMULATED-NII-CURRENT>                        2,191
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        51,719
<NET-ASSETS>                                   290,397
<DIVIDEND-INCOME>                                3,075
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<NUMBER-OF-SHARES-REDEEMED>                   (18,717)
<SHARES-REINVESTED>                              1,481
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<ACCUMULATED-NII-PRIOR>                          1,886
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<EXPENSE-RATIO>                                   1.00
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 8
   <NAME> GLOBAL EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                           75,298
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<DIVIDEND-INCOME>                                1,084
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<NUMBER-OF-SHARES-SOLD>                          1,342
<NUMBER-OF-SHARES-REDEEMED>                    (1,799)
<SHARES-REINVESTED>                                106
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<ACCUMULATED-NII-PRIOR>                            373
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<OVERDISTRIB-NII-PRIOR>                              0
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.00
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 6
   <NAME> BALANCED PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                           19,792
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<ACCUM-APPREC-OR-DEPREC>                         1,376
<NET-ASSETS>                                    21,313
<DIVIDEND-INCOME>                                  180
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<SHARES-REINVESTED>                                 89
<NET-CHANGE-IN-ASSETS>                           2,821
<ACCUMULATED-NII-PRIOR>                            214
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-END>                               9.73
<EXPENSE-RATIO>                                   0.70
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 5
   <NAME> VALUE EQUITY PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                          104,047
<INVESTMENTS-AT-VALUE>                         113,006
<RECEIVABLES>                                      675
<ASSETS-OTHER>                                       5
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                 113,687
<PAYABLE-FOR-SECURITIES>                         5,448
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        95,574
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<ACCUM-APPREC-OR-DEPREC>                         8,959
<NET-ASSETS>                                   108,080
<DIVIDEND-INCOME>                                1,616
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<NUMBER-OF-SHARES-SOLD>                          2,733
<NUMBER-OF-SHARES-REDEEMED>                    (1,144)
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            89,892
<PER-SHARE-NAV-BEGIN>                            11.50
<PER-SHARE-NII>                                   0.18
<PER-SHARE-GAIN-APPREC>                           1.95
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.38)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.06
<EXPENSE-RATIO>                                   0.70
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 16
   <NAME> HIGH YIELD PORTFOLIO
   <MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                           63,971
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<PAYABLE-FOR-SECURITIES>                         3,127
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (2,017)
<NET-ASSETS>                                    63,281
<DIVIDEND-INCOME>                                   49
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<NUMBER-OF-SHARES-SOLD>                          4,134
<NUMBER-OF-SHARES-REDEEMED>                    (8,509)
<SHARES-REINVESTED>                                339
<NET-CHANGE-IN-ASSETS>                        (33,942)
<ACCUMULATED-NII-PRIOR>                            731
<ACCUMULATED-GAINS-PRIOR>                      (1,581)
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<GROSS-ADVISORY-FEES>                              178
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    311
<AVERAGE-NET-ASSETS>                            71,934
<PER-SHARE-NAV-BEGIN>                             9.55
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                           0.76
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<PER-SHARE-DISTRIBUTIONS>                       (0.58)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.30
<EXPENSE-RATIO>                                   0.75
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
<SERIES>
   <NUMBER> 21
   <NAME> EMERGING MARKETS DEBT PORTFOLIO
   <MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
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<INVESTMENTS-AT-VALUE>                         167,445
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<OTHER-ITEMS-ASSETS>                               284
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<PAYABLE-FOR-SECURITIES>                        26,817
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          826
<TOTAL-LIABILITIES>                             27,643
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       166,877
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<SHARES-COMMON-PRIOR>                           16,881
<ACCUMULATED-NII-CURRENT>                       13,669
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<ACCUMULATED-NET-GAINS>                        (5,195)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         4,192
<NET-ASSETS>                                   179,543
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                       (2,868)
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<DISTRIBUTIONS-OF-INCOME>                      (8,182)
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<NUMBER-OF-SHARES-SOLD>                         16,070
<NUMBER-OF-SHARES-REDEEMED>                   (13,800)
<SHARES-REINVESTED>                                751
<NET-CHANGE-IN-ASSETS>                          34,594
<ACCUMULATED-NII-PRIOR>                          8,322
<ACCUMULATED-GAINS-PRIOR>                      (2,327)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              814
<INTEREST-EXPENSE>                                   0
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<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
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   <NAME> INTERNATIONAL EQUITY PORTFOLIO
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<TABLE> <S> <C>

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<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUNDS, INC.
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   <NUMBER> 7
   <NAME> THE FIXED INCOME PORTFOLIO
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