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MORGAN STANLEY INSTITUTIONAL FUND, INC.
Supplement Dated April 30, 1997 to the
Statement of Additional Information Dated May 1, 1996
and Supplemented August 30, 1996 and November 18, 1996
This supplement to the Statement of Additional Information dated May 1, 1996 and
supplemented August 30, 1996 and November 18, 1996 provides new and additional
information beyond that contained in the Statement of Additional Information and
should be read in conjunction with the Prospectus and Statement of Additional
Information. Unless otherwise indicated in this supplement, defined terms have
the same meaning as in the Statement of Additional Information.
Investment Limitations
Insert the following as the 12th paragraph on page 19:
With respect to Fundamental Restriction No. (7), the Fund will determine
industry concentration in accordance with the classifications of industries
based on the Industry Numbers from the Standard Industrial Classification Manual
as prepared by the Office of Management and Budget, except that, with respect to
the Money Market and Municipal Money Market Portfolios, (i) financial service
companies will be classified according to the end users of their services, for
example, automobile finance, bank finance and diversified finance will each be
considered a separate industry; and (ii) asset-backed securities will be
classified according to the underlying assets securing such securities.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
