MORGAN STANLEY GLOBAL OPPORTUNITY BOND FUND INC
SC 13D/A, 1995-07-18
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                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549


                               SCHEDULE 13D

                 Under the Securities Exchange Act of 1934

                            (Amendment No. 8 )


             Morgan Stanley Global Opportunity Bond Fund Inc.
             ------------------------------------------------
                             (Name of Issuer)


                               Common Stock
             -------------------------------------------------
                      (Title of class of securities)


                                 61744R103
             -------------------------------------------------
                              (CUSIP number)

                                John Webley
                        Bahnhofstrasse 92/3rd Floor
                        CH-8023 Zurich/Switzerland
                             011-411-220-9111
            --------------------------------------------------
               (Name, address and telephone number of person
             authorized to receive notices and communications)

                               June 26, 1995
            --------------------------------------------------
          (Date of event which requires filing of this statement)


If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box  [  ]

Check the following box  [  ] if a fee is being paid with the statement. (A
fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.)
(See Rule 13d-7.)

Note:  Six copies of this statement, including all exhibits, should be
filed with the Commission.
See Rule 13d-1 (a) for other parties to whom copies are to be sent.


                      (Continued on following pages)

<PAGE>

                                    13D

     CUSIP No. 61744R103                               PAGE 2 OF 8 PAGES

1.   NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
          Bank Morgan Stanley AG

2.   CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                  (a)  [ ]
                                                  (b)  [ ]

3.   SEC USE ONLY



4.   SOURCE OF FUNDS*
          00



5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
     TO ITEM 2(d) OR 2(e)                              [ ]
          Inapplicable


6.   CITIZENSHIP OR PLACE OF ORGANIZATION
          Zurich, Switzerland


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

     7.   SOLE VOTING POWER
               0


     8.   SHARED VOTING POWER
               759,370


     9.   SOLE DISPOSITIVE POWER
               0


     10.  SHARED DISPOSITIVE POWER
               759,370


11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          759,370


12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
          Inapplicable


13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
          18.39%


14.  TYPE OF REPORTING PERSON*
          BK, CO



                  * SEE INSTRUCTIONS BEFORE FILLING OUT !

<PAGE>
CUSIP NO. 61744R103                                    PAGE 3 OF 8 PAGES

Item 1.   Security and Issuer
          -------------------

          This Schedule 13D relates to shares of common stock (the
          "Shares") of the Morgan Stanley Global Opportunity Bond Fund,
          Inc. ("GOBF"). The principal executive offices of GOBF are
          located at 1221 Avenue of the Americas, New York, New York, 10020

Item 2.   Identity and Background
          -----------------------

(a)       This Schedule 13D is being filed by Bank Morgan Stanley AG (the
          "Filing Person").  Except to the extent set forth in the body of
          this Schedule 13D, information relating to the executive officers
          and directors of the Filing Person is set forth in Exhibit 1 to
          this Schedule 13D.

(b)       The business address of the Filing Person is:
          Bahnhofstrasse  92/3rd floor
          CH-8023 Zurich/Switzerland

(c)       The Filing Person is a corporation that is a fully licensed bank
          under the Laws of Switzerland, and is engaged in, among other
          things, the management of accounts on a discretionary basis for
          its clients.

(d)       During the past five years, neither the Filing Person nor any of
          its executive officers or directors has been convicted in a
          criminal proceeding.

(e)       During the past five years, neither the Filing Person nor any of
          its executive officers or directors has been a party to a civil
          proceeding as a result of which any such person is subject to a
          judgement, decree or final order enjoining either from or
          mandating activities subject to federal or state securities laws,
          or finding any such person in violation of such laws.

(f)       The Filing Person is organized under the laws of Switzerland.


Item 3.   Source and Amount of Funds or Other Consideration
          -------------------------------------------------

          The source of funds for the purchases of the Shares made by the
          Filing Person was funds of the Filing Person's clients that are
          managed by the Filing Person pursuant to discretionary authority.

<PAGE>
CUSIP NO. 61744R103                                    PAGE 4 OF 8 PAGES


Item 4.   Purpose of Transaction
          ----------------------

          The acquisitions by the Filing Person were made in the ordinary
          course of its business as investment manager for its clients, and
          not for the purpose of effecting any of the transactions listed
          in paragraphs a through j of this item. The Filing Person may
          from time to time purchase additional shares or sell shares on
          behalf of its clients.

Item 5.   Interest In Securities of the Issuer
          ------------------------------------

(a)       As of the close of business on June 2, 1995, the Filing Person,
          for purposes of Section 13(d) and the rules and regulations
          thereunder, may be deemed to beneficially own 759,370 Shares in
          the accounts of its clients, constituting in the aggregate
          approximately 18.39 % of the common shares outstanding.

          To the best of the Filing Person's knowledge, none of the
          executive officers or directors of the Filing Person beneficially
          owns any shares.

(b)       Number of such Shares held by the Filing Person for which there
          is sole power to vote or to direct the vote: 0 , shared power to
          vote or to direct the vote: 759,370 sole power to dispose or to
          direct the disposition: 0 , shared power to dispose or to direct
          the disposition: 759,370

(c)       Inapplicable

(d)       The individual account owners are known to have the right to
          receive or the power to direct the receipt of dividends from, or
          the proceeds from, the sale of such securities.  No such account
          holds more than 5 percent of the class.

(e)       Inapplicable


Item 6.   Contracts, Arrangements, Understandings or Relationships with
          Respect to Securities of the Issuer
          -------------------------------------------------------------

          The Filing Person is not a party to any contract, arrangment,
          understanding, or relationship with respect to the Shares except
          to the extent that any of its clients may, at any time, revoke
          the Filing Person's discretionary authority; any such revocation
          would cause the Filing Person to no longer be deemed to
          beneficially own the relevant shares.

Item 7.   Material to be Filed as Exhibits
          --------------------------------

Exhibit 1 - Executive Officers and Directors of the Filing Person

Exhibit 2 - Transactions Effected in the Past Sixty Days


<PAGE>
CUSIP NO. 61744R103                                    PAGE 5 OF 8 PAGES

          SIGNATURE

          After reasonable inquiry and to the best of my knowledge and
          belief, I certify that the information set forth in this
          statement is true, complete and correct.


Date       July 18, 1995
           -----------------------------------------------------------

Signature  /s/ JOHN WEBLEY
           -----------------------------------------------------------

Name/Title John Webley / Executive Director
           -----------------------------------------------------------
           Bank Morgan Stanley AG

<PAGE>
CUSIP NO. 61744R103                                    PAGE 6 OF 8 PAGES



                             INDEX TO EXHIBITS


Exhibit 1 - Bank Morgan Stanley AG Executive Officers and Directors
- ---------

Exhibit 2 - Transactions Effected in the Past Sixty Days
- ---------

<PAGE>



CUSIP NO. 61744R103                                    PAGE 7 OF 8 PAGES

Exhibit 1

                          BANK MORGAN STANLEY AG
                          ----------------------
                     DIRECTORS AND EXECUTIVE OFFICERS
                     --------------------------------

The following persons are the directors and executive officers of Bank
Morgan Stanley A.G.  The principal occupation of each is indicated by the
title accompanying his name. Except where noted, each is a citizen of
Switzerland.


       Directors                                    Business Address
- -------------------------                    -----------------------------
GRISARD, Dr. G.E.                            Morystrasse 98
Executive Chairman                           4125 Richen/Switzerland
HIAG Holding AG

HAYTHE, David O.  **                         25 Cabot Square
Chairman                                     Canary Wharf
Managing Director                            London, E144 QA, England
Morgan Stanley & Co. International Ltd.

STUDZINSKI, John J.  **                      25 Cabot Square
Managing Director                            Canary Wharf
Morgan Stanley & Co. Incorporated            London, E144 QA, England


PICTET, P.A.                                 Pictet & Cie
Retired                                      29, Boulevard Georges Favon
                                             1211 Geneva/Switzerland

STEINMANN, Dr. C.                            Seefeldstrasse 19
Attorney                                     8008 Zurich/Switzerland
Bar & Karrer


    EXECUTIVE OFFICERS
- -------------------------
BRUNDLER, Adolf                              Bahnhofstrasse  92
Managing Director                            CH-8023
Bank Morgan Stanley A.G.                     Zurich/Switzerland

WEBLEY, John  *
Executive Director                           Bahnhofstrasse  92
Bank Morgan Stanley A.G.                     CH-8023
                                             Zurich/Switzerland


*       Citizen of United Kingdom
**      Citizen of United States


<PAGE>




CUSIP NO. 61744R103                                    PAGE 8 OF 8 PAGES




                                EXHIBIT 2

Transactions Effected During the Past Sixty Days (except for transactions
already reported)


             Settle
Trade Date    Date      Buy/Sell  Quantity     Price   Currency
- ----------   -------    --------  --------     ------  --------
 6/13/95     6/16/95      Sell       5,000     12.1375    USD
 6/16/95     6/21/95      Sell       5,000     12.6250    USD
 6/16/95     6/21/95      Sell       5,000     12.6250    USD
 6/19/95     6/22/95      Sell       6,000     12.6042    USD
 6/26/95     6/29/95      Sell      30,000     12.6054    USD




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