<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER, INC.
(the "Funds")
POWER OF ATTORNEY
John D. Barrett, II, whose signature appears below, does hereby constitute
and appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his
true and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ JOHN BARRETT
--------------------
John D. Barrett, II
Date: JULY 18, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Barton M. Biggs, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as Chairman and a
Director of each Fund such Registration Statement and any and all such
amendments filed with the Securities and Exchange Commission under the 1933 Act
and the 1940 Act, and any other instruments or documents related thereto, and
the undersigned does hereby ratify and confirm all that said attorney and agents
shall do or cause to be done by virtue hereof.
/s/ BARTON M. BIGGS
--------------------
Barton M. Biggs
Date: JULY 18, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Belinda A. Brady, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin her true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as Treasurer of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ BELINDA A. BRADY
----------------------
Belinda A. Brady
Date: JULY 25, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Gerard E. Jones, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ GERARD E. JONES
-------------------
Gerard E. Jones
Date: JULY 18, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Graham E. Jones, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ GRAHAM E. JONES
-------------------
Graham E. Jones
Date: JULY 19, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
John A. Levin, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ JOHN LEVIN
--------------
John A. Levin
Date: JULY 24, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUNDS, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Andrew McNally, IV, whose signature appears below, does hereby constitute
and appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his
true and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ ANDREW MCNALLY, IV
----------------------
Andrew McNally, IV
Date: JULY 18, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
William G. Morton, Jr., whose signature appears below, does hereby
constitute and appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E.
Mullin his true and lawful attorneys and agents, each with power of substitution
or resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ WILLIAM MORTON, JR.
------------------------
William G. Morton, Jr.
Date: JULY 20, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Samuel T. Reeves, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ SAMUEL T. REEVES
---------------------
Samuel T. Reeves
Date: JULY 21, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Fergus Reid, whose signature appears below, does hereby constitute and
appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E. Mullin his true
and lawful attorneys and agents, each with power of substitution or
resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ FERGUS REID
----------------
Fergus Reid
Date: JULY 18, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Frederick O. Robertshaw, whose signature appears below, does hereby
constitute and appoint Harold J. Schaaff, Jr., Stefanie V. Chang Yu and Mary E.
Mullin his true and lawful attorneys and agents, each with power of substitution
or resubstitution, to do any and all acts and things and to execute any and all
instruments which said attorneys and agents may deem necessary or advisable or
which may be required to enable each of the above Funds to comply with the
Securities Act of 1933, as amended (the "1933 Act") and the Investment Company
Act of 1940, as amended (the "1940 Act"), and any rules, regulations or
requirements of the Securities and Exchange Commission ("SEC") in respect
thereof, in connection with each Fund's Registration Statement on a form
prescribed by the SEC pursuant to the 1933 Act and the 1940 Act, together with
any and all amendments thereto, including within the foregoing, the power and
authority to sign in the name and on behalf of the undersigned as a Director of
each Fund such Registration Statement and any and all such amendments filed with
the Securities and Exchange Commission under the 1933 Act and the 1940 Act, and
any other instruments or documents related thereto, and the undersigned does
hereby ratify and confirm all that said attorney and agents shall do or cause to
be done by virtue hereof.
/s/ FREDERICK O. ROBERTSHAW
----------------------------
Frederick O. Robertshaw
Date: JULY 19, 2000
<PAGE>
MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND, INC.
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.
MORGAN STANLEY DEAN WITTER STRATEGIC ADVISER FUND, INC.
(the "Funds")
POWER OF ATTORNEY
Harold J. Schaaff, Jr., whose signature appears below, does hereby
constitute and appoint Stefanie V. Chang Yu and Mary E. Mullin his true and
lawful attorneys and agents, each with power of substitution or resubstitution,
to do any and all acts and things and to execute any and all instruments which
said attorneys and agents may deem necessary or advisable or which may be
required to enable each of the above Funds to comply with the Securities Act of
1933, as amended (the "1933 Act") and the Investment Company Act of 1940, as
amended (the "1940 Act"), and any rules, regulations or requirements of the
Securities and Exchange Commission ("SEC") in respect thereof, in connection
with each Fund's Registration Statement on a form prescribed by the SEC pursuant
to the 1933 Act and the 1940 Act, together with any and all amendments thereto,
including within the foregoing, the power and authority to sign in the name and
on behalf of the undersigned as President of each Fund such Registration
Statement and any and all such amendments filed with the Securities and Exchange
Commission under the 1933 Act and the 1940 Act, and any other instruments or
documents related thereto, and the undersigned does hereby ratify and confirm
all that said attorney and agents shall do or cause to be done by virtue hereof.
/s/ HAROLD J. SCHAAFF
----------------------
Harold J. Schaaff, Jr.
Date: JULY 18, 2000
