MORGAN STANLEY INSTITUTIONAL FUND INC
NSAR-B, 1997-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000836487
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000 I000000 3.0.a
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001 A000000 MORGAN STANLEY INSTITUTIONAL FUND, INC.
001 B000000 811-5624
001 C000000 6175578723
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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013 A00AA01 PRICE WATERHOUSE LLP
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014 B00AA01 8-15869
014 A00AA02 SUN VALLEY GOLD
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015 A00AA01 THE CHASE MANHATTAN BANK
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  12
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<PAGE>      PAGE  38
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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  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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008 A001201 MORGAN STANLEY ASSET MANAGEMENT, INC.
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<PAGE>      PAGE  57
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<PAGE>      PAGE  58
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070 D021200 N
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070 G011200 N
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<PAGE>      PAGE  59
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<PAGE>      PAGE  60
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<PAGE>      PAGE  61
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<PAGE>      PAGE  62
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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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070 E011400 N
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070 F021400 N
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070 G021400 N
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070 H021400 N
070 I011400 N
070 I021400 N
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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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070 F021500 N
<PAGE>      PAGE  72
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070 R021500 N
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<PAGE>      PAGE  73
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008 A001601 MORGAN STANLEY ASSET MANAGEMENT, INC.
008 B001601 A
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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  78
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<PAGE>      PAGE  79
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<PAGE>      PAGE  80
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<PAGE>      PAGE  81
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<PAGE>      PAGE  82
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<PAGE>      PAGE  83
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<PAGE>      PAGE  84
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<PAGE>      PAGE  85
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<PAGE>      PAGE  86
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<PAGE>      PAGE  87
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<PAGE>      PAGE  89
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<PAGE>      PAGE  90
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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  94
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064 A002100 N
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066 A002100 N
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070 H022100 N
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070 I022100 N
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<PAGE>      PAGE  95
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<PAGE>      PAGE  96
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<PAGE>      PAGE  97
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<PAGE>      PAGE  98
057  002200 N
058 A002200 N
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066 A002200 N
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070 I022200 N
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<PAGE>      PAGE  99
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<PAGE>      PAGE  100
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<PAGE>      PAGE  101
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<PAGE>      PAGE  102
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<PAGE>      PAGE  103
068 B002300 N
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070 D022300 N
070 E012300 N
070 E022300 N
070 F012300 N
070 F022300 N
070 G012300 Y
070 G022300 N
070 H012300 N
070 H022300 N
070 I012300 N
070 I022300 N
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070 J022300 N
070 K012300 Y
070 K022300 N
070 L012300 N
070 L022300 N
070 M012300 N
070 M022300 N
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070 N022300 N
070 O012300 N
070 O022300 N
070 P012300 Y
070 P022300 N
070 Q012300 N
070 Q022300 N
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<PAGE>      PAGE  104
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<PAGE>      PAGE  105
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<PAGE>      PAGE  106
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<PAGE>      PAGE  107
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070 O022400 N
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<PAGE>      PAGE  108
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<PAGE>      PAGE  109
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<PAGE>      PAGE  110
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<PAGE>      PAGE  111
051  002500 N
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<PAGE>      PAGE  112
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<PAGE>      PAGE  117
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<PAGE>      PAGE  126
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<PAGE>      PAGE  132
075 A003000        0
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SIGNATURE   JAMES R. ROONEY                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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</TABLE>

<TABLE> <S> <C>

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NAME> AGGRESSIVE EQUITY PORTFOLIO, CLASS B
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NAME> ASIAN EQUITY PORTFOLIO, CLASS A
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NAME> ASIAN EQUITY PORTFOLIO, CLASS B
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NAME> BALANCED PORTFOLIO, CLASS B
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NAME> EMERGING MARKETS DEBT PORTFOLIO, CLASS A
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 212
   <NAME> EMERGING MARKETS DEBT PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 031
   <NAME> EMERGING GROWTH PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 032
   <NAME> EMERGING GROWTH PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 131
   <NAME> EMERGING MARKETS PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 132
   <NAME> EMERGING MARKETS PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 111
   <NAME> EQUITY GROWTH PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NUMBER> 112
   <NAME> EQUITY GROWTH PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 091
   <NAME> EUROPEAN EQUITY PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC. 
<SERIES>
   <NUMBER> 092
   <NAME> EUROPEAN EQUITY PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 071
   <NAME> FIXED INCOME PORTFOLIO, CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 072
   <NAME> FIXED INCOME PORTFOLIO, CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 081
   <NAME> GLOBAL EQUITY PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 082
   <NAME> GLOBAL EQUITY PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 101
   <NAME> GLOBAL FIXED INCOME PORTFOLIO, CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 102
   <NAME> GLOBAL FIXED INCOME PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 191
   <NAME> GOLD PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 192
   <NAME> GOLD PORTFOLIO, CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 161
   <NAME> HIGH YIELD PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 162
   <NAME> HIGH YIELD PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 041
   <NAME> INTERNATIONAL EQUITY PORTFOLIO, CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
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<NUMBER-OF-SHARES-REDEEMED>                   (10,975)
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<ACCUMULATED-GAINS-PRIOR>                      (2,135)
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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> 042
   <NAME> INTERNATIONAL EQUITY PORTFOLIO, CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
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<EXPENSE-RATIO>                                   1.25
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 201
   <NAME> JAPANESE EQUITY PORTFOLIO, CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
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   <NUMBER> 202
   <NAME> JAPANESE EQUITY PORTFOLIO, CLASS B
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 251
   <NAME> LATIN AMERICAN PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 252
   <NAME> LATIN AMERICAN PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 281
   <NAME> INTERNATIONAL MAGNUM PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 282
   <NAME> INTERNATIONAL MAGNUM PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 231
   <NAME> MUNICIPAL BOND PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 232
   <NAME> MUNICIPAL BOND PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 1
   <NAME> MONEY MARKET PORTFOLIO
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<S>                             <C>
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<EXPENSE-RATIO>                                   0.52
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> MUNICIPAL MONEY MARKET PORTFOLIO
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 171
   <NAME> SMALL CAP VALUE EQUITY PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 172
   <NAME> SMALL CAP VALUE EQUITY PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 030
   <NAME> THE TECHNOLOGY PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 031
   <NAME> THE TECHNOLOGY PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 261
   <NAME> U.S. REAL ESTATE PORTFOLIO, CLASS A
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<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000836487
<NAME> MORGAN STANLEY INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 262
   <NAME> U.S. REAL ESTATE PORTFOLIO, CLASS B
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<S>                             <C>
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</TABLE>

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<TABLE> <S> <C>

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</TABLE>


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