MORGAN STANLEY RUSSIA & NEW EUROPE FUND INC
N-8A/A, 1996-08-12
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 Amendment No. 1
                                       to
                                    FORM N-8A
                                File No. 811-8346

           NOTIFICATION OF REGISTRATION FILED PURSUANT TO SECTION 8(a)
                      OF THE INVESTMENT COMPANY ACT OF 1940


                  The undersigned investment company hereby notifies the
Securities and Exchange Commission that it registers under and pursuant to the
provisions of Section 8(a) of the Investment Company Act of 1940 and in
connection with such notification of registration submits the following
information:

                                      Name:

                 Morgan Stanley Russia & New Europe Fund, Inc.*


                      Address of Principal Business Office
                      (No. & Street, City, State Zip Code):

                           1221 Avenue of the Americas
                            New York, New York 10020


                     Telephone Number (including area code):

                                 (212) 296-7100


                Name and address of agent for service of process:

                             Harold J. Schaaff, Jr.
                        The Russia Investment Fund, Inc.
                    c/o Morgan Stanley Asset Management Inc.
                           1221 Avenue of the Americas
                            New York, New York 10020


Check Appropriate Box:

                  Registrant is filing a Registration Statement pursuant to
Section 8(b) of the Investment Company Act of 1940 concurrently
with the filing of the Amendment Form N-8A:          YES /X/  NO  /  /


*Formerly, Morgan Stanley European Emerging Markets Fund, Inc.
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                                   SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
Registrant has caused this Amendment to its Notification of Registration to be
duly signed on its behalf in the City of New York and the State of New York on
the 9th day of August, 1996.


                       MORGAN STANLEY RUSSIA & NEW EUROPE FUND, INC.
                              (Name of Registrant)


                              By: /s/ Warren J. Olsen
                                  ----------------------------
                                     Warren J. Olsen
                                        President


Attest: /s/ Valerie Y. Lewis
        ----------------------------
           Valerie Y. Lewis
              Secretary




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