Morgan Stanley International Fund

Portfolio of Investments July 31, 2009 (unaudited)

NUMBER OF
SHARES		VALUE
	Common Stocks (92.4%)
	Australia (3.7%)
	*Aluminum*
38,820	Alumina Ltd. (d)	$	55,519

	*Beverages: Alcoholic*
15,985	Foster’s Group Ltd.	72,059

	*Beverages: Non-Alcoholic*
4,218	Coca-Cola Amatil Ltd.	32,914

	*Biotechnology*
2,230	CSL Ltd.	56,978

	*Building Products*
16,434	CSR Ltd. (d)	25,496

	*Casino/Gaming*
3,127	TABCORP Holdings Ltd.	18,935

	*Chemicals: Agricultural*
40,755	Incitec Pivot Ltd.	94,076
3,384	Nufarm Ltd.	30,679
		124,755
	*Chemicals: Major Diversified*
8,586	Orica Ltd.	161,288

	*Construction Materials*
10,534	Boral Ltd. (d)	43,963

	*Containers/Packaging*
20,438	Amcor Ltd.	84,612

	*Electric Utilities*
5,790	Origin Energy Ltd.	70,216

	*Engineering & Construction*
1,853	Leighton Holdings Ltd.	46,772

	*Financial Conglomerates*
1,577	Macquarie Group Ltd.	58,059
4,247	Suncorp-Metway Ltd.	25,219
		83,278
	*Food Retail*
7,609	Woolworths Ltd.	173,413

	*Gas Distributors*
3,841	AGL Energy Ltd.	47,865

	*Industrial Conglomerates*
3,197	Wesfarmers Ltd.	69,118
1,232	Wesfarmers Ltd. (PPS)	26,625
		95,743
	*Investment Managers*
10,772	AMP Ltd.	50,632

	*Investment Trusts/Mutual Funds*
18,249	Macquarie Infrastructure Group (Stapled Securities)	22,131

	*Major Banks*
2,413	Australia and New Zealand Banking Group Ltd.	37,396
1,933	Commonwealth Bank of Australia	69,193
2,591	National Australia Bank Ltd.	52,723
2,713	Westpac Banking Corp. (d)	49,215
		208,527
	*Major Telecommunications*
16,799	Telstra Corp., Ltd.	49,596

	*Medical/Nursing Services*
1,133	Sonic Healthcare Ltd.	11,087

	*Miscellaneous Commercial Services*
7,698	Brambles Ltd.	38,565

	*Multi-Line Insurance*
13,204	Insurance Australia Group Ltd.	40,528

	*Oil & Gas Production*
3,996	Santos Ltd. (d)	48,527
3,375	Woodside Petroleum Ltd.	128,997
		177,524
	*Oil Refining/Marketing*
3,373	Caltex Australia Ltd.	36,758

	*Other Metals/Minerals*
81,481	BHP Billiton Ltd.	2,579,354
71,809	OZ Minerals Ltd.	67,264
6,860	Rio Tinto Ltd.	346,537
		2,993,155
	*Other Transportation*
6,277	Transurban Group (Stapled Securities) (b) (d)	22,732

	*Precious Metals*
11,982	Newcrest Mining Ltd.	300,635

	*Property - Casualty Insurers*
5,013	QBE Insurance Group Ltd. (d)	81,756

	*Publishing: Newspapers*
7,583	Fairfax Media Ltd. (d)	9,355

	*Real Estate Development*
3,305	Lend Lease Corp., Ltd.	21,422

	*Real Estate Investment Trusts*
1,340	Stockland (Stapled Securities) (b)	3,530

	*Steel*
22,448	BlueScope Steel Ltd.	63,270
32,914	Fortescue Metals Group Ltd.	116,167
20,593	OneSteel Ltd.	51,497
3,744	Sims Metal Management Ltd.	87,207
		318,141
	*Trucking*
2,986	Toll Holdings Ltd.	16,957
	Total Australia	5,596,837

	Austria (0.6%)
	*Electric Utilities*
1,955	Oesterreichische Elektrizitaetswirtschafts AG (Verbund) (Class A)	95,269

	*Major Banks*
5,620	Erste Group Bank AG	196,169
1,572	Raiffeisen International Bank Holding AG (d)	70,152
		266,321
	*Major Telecommunications*
8,605	Telekom Austria AG	131,354

	*Multi-Line Insurance*
1,149	Vienna Insurance Group	53,060

	*Oil Refining/Marketing*
6,455	OMV AG	256,227

	*Steel*
3,640	voestalpine AG	101,012
	Total Austria	903,243

	Belgium (0.4%)
	*Beverages: Alcoholic*
2,742	Anheuser - Busch InBev NV	12
2,909	InBev NV	115,741
		115,753
	*Chemicals: Specialty*
957	Solvay S.A.	93,803

	*Financial Conglomerates*
1,189	CNP / Nationale Portefeuille Maatschappij	61,483
2,135	Groupe Bruxelles Lambert S.A.	169,434
		230,917
	*Life/Health Insurance*
6,698	Fortis	26,062

	*Major Telecommunications*
1,903	Belgacom S.A.	68,174

	*Other Metals/Minerals*
2,270	Umicore	59,273

	*Pharmaceuticals: Other*
1,520	UCB S.A. (d)	50,262
	Total Belgium	644,244

	Bermuda (0.5%)
	*Apparel/Footwear*
16,000	Yue Yuen Industrial (Holdings) Ltd.	43,458

	*Apparel/Footwear Retail*
19,300	Esprit Holdings Ltd.	139,457

	*Construction Materials*
14,000	Cheung Kong Infrastructure Holdings Ltd.	51,032

	*Contract Drilling*
7,600	Seadrill Ltd.	122,008

	*Hotels/Resorts/Cruiselines*
12,713	Shangri-La Asia Ltd.	20,275

	*Real Estate Development*
14,384	Kerry Properties Ltd.	74,240

	*Wholesale Distributors*
131,220	Li & Fung Ltd. (Hong Kong)	386,885
	Total Bermuda	837,355

	Brazil (1.1%)
	*Aerospace & Defense*
6,500	Empresa Brasileira de Aeronautica S.A.	31,599

	*Department Stores*
14,700	Lojas Renner S.A.	215,251

	*Finance/Rental/Leasing*
4,200	Redecard SA (Brazil)	62,513

	*Food: Meat/Fish/Dairy*
5,800	Perdigao S.A.	127,455

	*Integrated Oil*
23,100	Petroleo Brasileiro S.A.	475,681

	*Investment Banks/Brokers*
15,200	BM&F BOVESPA SA	98,088
2,318	Bradespar S.A.	34,601
		132,689
	*Major Banks*
14,100	Banco do Brasil S.A.	178,503

	*Railroads*
12,800	All America Latina Logistica (Units) (c)	80,817

	*Real Estate Development*
21,600	Cyrela Brazil Realty S.A.	222,165

	*Steel*
5,500	Companhia Siderurgica Nacional S.A.	140,908
6,500	Companhia Vale do Rio Dolce (CVRD)	128,554
2,899	Metalurgica Gerdau S.A.	42,372
		311,834
	Total Brazil	1,838,507

	Cayman Islands (0.3%)
	*Agricultural Commodities/Milling*
88,756	Chaoda Modern Agriculture (Holdings) Ltd.	60,010

	*Apparel/Footwear*
43,000	Li Ning Co., Ltd.	142,315

	*Industrial Specialties*
22,000	Kingboard Chemical Holdings Ltd.	69,832

	*Real Estate Development*
143,843	Agile Property Holdings Ltd.	203,421
72,000	China Resources Land Ltd.	175,958
		379,379
	Total Cayman Islands	651,536

	Denmark (0.6%)
	*Biotechnology*
1,053	Novozymes A/S (B Shares) (d)	94,624

	*Electrical Products*
2,181	Vestas Wind Systems A/S (a)	153,618

	*Marine Shipping*
28	A P Moller - Maersk A/S (B Shares) (d)	174,173

	*Pharmaceuticals: Major*
6,560	Novo Nordisk A/S (B Shares)	386,089

	*Trucking*
2,750	DSV A/S (d)	37,897
	Total Denmark	846,401

	Finland (1.0%)
	*Electric Utilities*
8,456	Fortum Oyj (d)	195,850

	*Engineering & Construction*
2,828	Kone Oyj (B Shares)	96,213

	*Food Retail*
2,234	Kesko Oyj (B Shares)	58,906

	*Industrial Machinery*
2,991	Metso Oyj	63,051

	*Oil Refining/Marketing*
2,037	Neste Oil Oyj	28,801

	*Other Metals/Minerals*
2,897	Outokumpu Oyj	56,775

	*Property - Casualty Insurers*
5,852	Sampo Oyj (A Shares)	122,193

	*Pulp & Paper*
9,349	Stora Enso Oyj (Registered Shares)	59,430
7,721	UPM-Kymmene Oyj	80,884
		140,314
	*Steel*
1,336	Rautaruukki Oyj	28,906

	*Telecommunication Equipment*
55,483	Nokia Oyj	738,603

	*Trucks/Construction/Farm Machinery*
1,350	Wartsila Oyj	48,296
	Total Finland	1,577,908

	France (8.3%)
	*Advertising/Marketing Services*
1,402	Publicis Groupe	49,837

	*Aerospace & Defense*
1,663	Thales S.A.	70,302

	*Apparel/Footwear*
813	Hermes International (d)	122,192
2,823	LVMH Moet Hennessy Louis Vuitton S.A. (d)	254,654
		376,846
	*Automotive Aftermarket*
4,216	Compagnie Generale des Etablissements Michelin (B Shares) (d)	304,418

	*Beverages: Alcoholic*
1,136	Pernod-Ricard S.A. (France) (d)	88,275

	*Broadcasting*
2,825	Societe Television Francaise 1 (d)	43,768

	*Building Products*
4,675	Compagnie de Saint-Gobain (d)	189,569

	*Chemicals: Specialty*
3,994	Air Liquide S.A. (d)	417,041

	*Construction Materials*
687	Imerys S.A. (d)	36,587
2,374	Lafarge S.A. (d)	171,483
		208,070
	*Department Stores*
1,244	PPR	138,636

	*Electric Utilities*
2,179	Electricite de France (EDF)	108,001

	*Electrical Products*
3,247	Schneider Electric S.A.	294,984

	*Engineering & Construction*
4,053	Bouygues S.A.	172,637
4,283	Vinci S.A. (d)	217,993
		390,630
	*Financial Conglomerates*
401	Eurazeo	18,226

	*Food Retail*
8,716	Carrefour S.A.	409,147
1,046	Casino Guichard-Perrachon S.A.	72,083
		481,230
	*Food: Major Diversified*
3,904	Groupe Danone (d)	209,470

	*Gas Distributors*
17,763	GDF Suez	678,635

	*Hotels/Resorts/Cruiselines*
2,245	Accor S.A. (d)	95,834

	*Household/Personal Care*
528	L’Oreal S.A. (d)	45,763

	*Industrial Conglomerates*
3,462	Alstom (d)	237,688

	*Information Technology Services*
501	Atos Origin S.A. (a)	22,840
2,027	Cap Gemini S.A.	93,591
		116,431
	*Integrated Oil*
35,171	Total S.A. (d)	1,950,519

	*Life/Health Insurance*
825	CNP Assurances	75,385

	*Major Banks*
16,210	BNP Paribas	1,181,770
7,394	Societe Generale	474,765
		1,656,535
	*Major Telecommunications*
18,986	France Telecom S.A.	473,831

	*Media Conglomerates*
10,693	Vivendi	274,713

	*Medical Specialties*
2,203	Essilor International S.A. (d)	122,143

	*Metal Fabrications*
641	Vallourec S.A. (d)	84,326

	*Miscellaneous Commercial Services*
1,230	Sodexo	64,760

	*Motor Vehicles*
4,417	PSA Peugeot Citroen	133,969
3,889	Renault S.A. (d)	165,846
		299,815
	*Multi-Line Insurance*
20,263	Axa	428,301
2,540	SCOR SE	60,983
		489,284
	*Office Equipment/Supplies*
500	Neopost S.A. (d)	42,581

	*Oilfield Services/Equipment*
1,548	Technip S.A.	93,594

	*Other Consumer Specialties*
302	Societe BIC S.A.	18,106

	*Packaged Software*
876	Dassault Systemes S.A. (d)	43,824

	*Pharmaceuticals: Major*
10,566	Sanofi-Aventis	692,141

	*Publishing: Books/Magazines*
2,424	Lagardere S.C.A.	90,536

	*Real Estate Development*
983	Unibail - Rodamco (d)	171,770

	*Regional Banks*
10,673	Credit Agricole S.A.	152,350

	*Telecommunication Equipment*
28,706	Alcatel-Lucent (d)	79,374
1,681	Safran S.A. (d)	25,996
		105,370
	*Water Utilities*
6,635	Veolia Environnement	228,193
	Total France	11,693,430

	Germany (4.3%)
	*Air Freight/Couriers*
4,993	Deutsche Post AG (Registered Shares)	79,029

	*Airlines*
1,432	Deutsche Lufthansa AG (Registered Shares)	19,349

	*Apparel/Footwear*
1,302	Adidas AG	55,022
97	Puma AG	24,586
		79,608
	*Chemicals: Agricultural*
3,960	K+S AG	222,267

	*Chemicals: Major Diversified*
4,422	BASF SE	221,601

	*Chemicals: Specialty*
631	Linde AG	59,556

	*Department Stores*
1,481	Metro AG (d)	85,764

	*Electric Utilities*
14,868	E.ON AG	562,840
2,397	RWE AG	202,423
		765,263
	*Engineering & Construction*
503	Hochtief AG	30,197

	*Hotels/Resorts/Cruiselines*
1,659	TUI AG (a)	10,688

	*Household/Personal Care*
439	Beiersdorf AG (a)	22,106

	*Industrial Conglomerates*
936	MAN AG	64,703
16,408	Siemens AG (Registered Shares)	1,309,628
2,153	ThyssenKrupp AG	66,283
		1,440,614
	*Industrial Machinery*
2,081	GEA Group AG	34,080

	*Investment Banks/Brokers*
2,021	Deutsche Boerse AG	160,157

	*Major Banks*
4,997	Commerzbank AG (d)	39,172
7,620	Deutsche Bank AG (Registered Shares) (d)	492,969
625	Deutsche Postbank AG (d)	17,264
		549,405
	*Major Telecommunications*
13,794	Deutsche Telekom AG (Registered Shares)	176,748

	*Medical Distributors*
841	Celesio AG (d)	22,403

	*Medical/Nursing Services*
1,678	Fresenius Medical Care AG & Co. KGaA	77,059

	*Motor Vehicles*
5,206	Bayerische Motoren Werke (BMW) AG (d)	240,633
9,366	Daimler AG (Registered Shares) (d)	433,452
1,198	Volkswagen AG	430,734
		1,104,819
	*Multi-Line Insurance*
3,852	Allianz SE (Registered Shares)	379,924
1,771	Muenchener Rueckversicherungs-Gesellschaft AG (Registered Shares)	267,792
		647,716
	*Packaged Software*
6,520	SAP AG	306,666

	*Pharmaceuticals: Major*
269	Merck KGaA	25,036

	*Pharmaceuticals: Other*
6,900	Bayer AG	423,475
	Total Germany	6,563,606

	Greece (0.5%)
	*Casino/Gaming*
3,400	OPAP S.A.	81,655

	*Commercial Printing/Forms*
1,793	Marfin Investment Group	7,513

	*Construction Materials*
1,320	Titan Cement Company S. A.	38,305

	*Major Banks*
10,025	National Bank of Greece S.A.	292,630

	*Regional Banks*
11,088	EFG Eurobank Ergasias	145,238
9,983	Piraeus Bank S.A.	118,667
		263,905
	Total Greece	684,008

	Hong Kong (3.4%)
	*Airlines*
32,000	Cathay Pacific Airways Ltd.	49,796

	*Broadcasting*
3,000	Television Broadcasts Ltd.	13,122

	*Electric Utilities*
44,804	CLP Holdings Ltd.	304,665
35,000	Hongkong Electric Holdings Ltd.	193,063
		497,728
	*Engineering & Construction*
72,755	New World Development Co., Ltd.	173,672

	*Financial Conglomerates*
38,020	Wharf (Holdings) Ltd. (The)	178,815

	*Gas Distributors*
121,838	Hong Kong & China Gas Co., Ltd.	272,602

	*Industrial Conglomerates*
52,000	China Resources Enterprise Ltd.	130,033
53,926	Hutchison Whampoa Ltd.	403,921
23,500	Swire Pacific Ltd. (Class A)	263,956
		797,910
	*Investment Banks/Brokers*
26,100	Hong Kong Exchanges & Clearing Ltd.	492,361

	*Major Banks*
49,815	Bank of East Asia, Ltd. (The)	165,835
100,500	BOC Hong Kong (Holdings) Ltd.	214,226
18,400	Hang Seng Bank Ltd.	298,909
		678,970
	*Other Consumer Services*
318,000	China Travel International Investment Hong Kong Ltd.	79,192

	*Railroads*
42,155	MTR Corp., Ltd.	152,845

	*Real Estate Development*
38,000	Cheung Kong (Holdings) Ltd.	490,810
121,500	Hang Lung Properties Ltd.	445,236
16,000	Henderson Land Development Co., Ltd.	105,703
15,500	Hopewell Holdings Ltd.	50,600

22,642	Hysan Development Co., Ltd.	61,936
40,291	Sino Land Co., Ltd.	82,245
47,000	Sun Hung Kai Properties Ltd.	715,002
		1,951,532
	*Real Estate Investment Trusts*
49,630	Link REIT	112,707
	Total Hong Kong	5,451,252

	Indonesia (0.8%)
	*Agricultural Commodities/Milling*
9,000	PT Astra Agro Lestri Tbk	17,501

	*Coal*
353,000	PT Bumi Resources Tbk	99,587
17,000	Tambang Batubara Bukit	23,295
		122,882
	*Construction Materials*
30,000	PT Semen Gresik (Persero)	17,985

	*Gas Distributors*
202,000	PT Perusahaan Gas Negara	71,234

	*Household/Personal Care*
38,500	PT Unilever Indonesia Tbk	44,997

	*Major Telecommunications*
205,000	PT Telekomunkasi Indonesia Tbk (Series B)	184,861

	*Motor Vehicles*
173,000	PT Astra International Tbk	510,720

	*Other Metals/Minerals*
48,500	PT International Nickel Industry Indonesia Tbk	21,013

	*Real Estate Development*
219,100	PT Lippo Karawaci Tbk	15,674

	*Regional Banks*
65,500	PT Bank Danamon Indonesia Tbk	31,843
249,500	PT Bank Central Asia Tbk	94,898
140,000	PT Bank Mandiri	58,892
119,000	PT Bank Rakyat Indonesia	87,526
		273,159
	*Trucks/Construction/Farm Machinery*
32,500	PT United Tractors Tbk	42,406

	*Wireless Telecommunications*
32,500	PT Indosat Tbk	17,846
	Total Indonesia	1,340,278

	Italy (1.4%)
	*Electric Utilities*
8,619	Enel SpA	46,835

	*Integrated Oil*
43,010	Eni S.p.A.	1,001,059

	*Investment Banks/Brokers*
1,520	Mediobanca S.p.A.	21,339

	*Life/Health Insurance*
6,566	Alleanza Assicurazioni SpA	49,366
15,728	Assicurazioni Generali S.p.A.	358,450
		407,816

	*Major Banks*
135,947	Intesa Sanpaolo	506,209
28,785	UniCredit S.p.A.	84,311
		590,520
	*Major Telecommunications*
17,924	Telecom Italia SpA	28,051

	*Motor Vehicles*
2,844	Fiat SpA (a)	31,536

	*Oilfield Services/Equipment*
600	Saipem	16,248

	*Regional Banks*
1,402	Banco Popolare Societa Cooperativa	11,330
1,664	Unione di Banche Italiane Scpa	23,278
		34,608
	Total Italy	2,178,012

	Japan (e) (26.8%)
	*Agricultural Commodities/Milling*
6,000	Nisshin Seifun Group Inc.	72,983

	*Air Freight/Couriers*
22,500	Nippon Express Co., Ltd.	103,435
7,035	Yamato Holdings Co., Ltd. (d)	104,605
		208,040
	*Airlines*
28,000	Japan Airlines Corp. (a) (d)	47,641

	*Apparel/Footwear*
5,546	Onward Holdings Co., Ltd. (d)	39,445

	*Apparel/Footwear Retail*
2,000	Fast Retailing Co., Ltd.	259,762
700	Shimamura Co., Ltd. (d)	63,324
		323,086
	*Auto Parts: O.E.M.*
15,700	Denso Corp. (d)	463,741
6,059	NGK Spark Plug Co., Ltd. (d)	66,849
2,400	Stanley Electric Co., Ltd.	49,813
2,700	Toyota Industries Corp.	73,046
		653,449
	*Automotive Aftermarket*
21,500	Bridgestone Corp. (d0	373,538

	*Beverages: Alcoholic*
9,800	Asahi Breweries, Ltd.	155,868
21,051	Kirin Holdings Co., Ltd.	315,014
8,000	Sapporo Holdings Ltd. (d)	48,359
		519,241
	*Beverages: Non-Alcoholic*
1,500	ITO EN, Ltd. (d)	23,604

	*Broadcasting*
13	Fuji Media Holdings, Inc.	20,786
3,000	Tokyo Broadcasting System, Inc.	47,144
		67,930
	*Building Products*
5,862	JS Group Corp. (d)	90,942
9,500	Nippon Sheet Glass Company, Ltd.	28,412
12,500	Toto Ltd. (d)	85,733
		205,087

	*Chemicals: Agricultural*
5,500	Nissan Chemical Industries, Ltd.	74,050

	*Chemicals: Major Diversified*
31,000	Asahi Kasei Corp.	160,201
23,000	Mitsubishi Chemical Holdings Corp.	103,302
		263,503
	*Chemicals: Specialty*
6,000	Daicel Chemical Industries, Ltd.	38,235
13,546	Denki Kagaku Kogyo Kabushiki Kaisha (d)	44,092
22,588	DIC, Inc.	31,749
4,208	JSR Corp. (d)	75,866
8,000	Kaneka Corp.	55,630
9,556	Kuraray Co., Ltd.	108,360
17,099	Mitsubishi Rayon Co., Ltd.	46,802
14,500	Mitsui Chemicals, Inc. (d)	53,173
8,997	Shin-Etsu Chemical Co., Ltd.	484,911
19,000	Showa Denko K.K. (d)	35,339
33,000	Sumitomo Chemical Co., Ltd. (d)	163,561
16,000	Tosoh Corp.	46,838
		1,184,556
	*Commercial Printing/Forms*
10,500	Dai Nippon Printing Co., Ltd.	153,797
11,000	Toppan Printing Co., Ltd.	112,296
		266,093
	*Computer Processing Hardware*
45,000	Fujitsu Ltd. (d)	295,799

	*Construction Materials*
15,000	Taiheiyo Cement Corp. (d)	22,668

	*Containers/Packaging*
5,117	Toyo Seikan Kaisha, Ltd.	109,776

	*Department Stores*
9,287	Isetan Mitsukoshi Holdings Ltd. (a) (d)	98,444
10,500	J. Front Retailing Co., Ltd. (d)	58,367
11,307	Marui Group Co., Ltd. (d)	81,136
7,540	Takashimaya Co., Ltd. (d)	62,153
		300,100
	*Electric Utilities*
12,100	Chubu Electric Power Co., Inc. (d)	291,551
18,400	Kansai Electric Power Co., Inc. (The) (d)	411,266
7,100	Kyushu Electric Power Co., Inc.	153,067
13,800	Tohoku Electric Power Co., Inc. (d)	287,448
21,600	Tokyo Electric Power Co., Inc. (The)	553,553
		1,696,885
	*Electrical Products*
4,000	Fuji Electric Holdings Co., Ltd.	7,017
17,500	Furukawa Electric Co., Ltd. (The) (d)	84,518
700	Mabuchi Motor Co., Ltd. (d)	35,139
8,060	NGK Insulators, Ltd. (d)	182,708
2,604	Nidec Corp. (d)	188,506
6,500	Panasonic Electric Works Co., Ltd. (d)	68,967
15,800	Sumitomo Electric Industries, Ltd.	196,863
1,100	Ushio Inc. (d)	20,750
		784,468
	*Electronic Components*
8,950	Citizen Holdings Co., Ltd.	48,616
800	Hirose Electric Co., Ltd. (d)	89,617
10,100	Hoya Corp.	243,894
3,300	Ibiden Co., Ltd.	109,855
4,900	Murata Manufacturing Co., Ltd.	240,275
7,500	Nippon Electric Glass Co., Ltd.	87,028
3,352	TDK Corp.	176,412
		995,697

	*Electronic Equipment/Instruments*
24,804	Canon Inc.	925,317
847	Keyence Corp. (d)	167,296
12,530	Konica Minolta Holdings, Inc.	137,052
4,000	Kyocera Corp.	322,114
47,552	Mitsubishi Electric Corp.	348,757
50,500	NEC Corp. (d)	177,184
5,904	Omron Corp.	95,712
47,000	Panasonic Corporation	745,046
15,432	Ricoh Co., Ltd. (d)	202,553
3,000	Seiko Epson Corp.	46,161
69,026	Toshiba Corp. (d)	306,377
5,750	Yokogawa Electric Corp.	45,089
		3,518,658
	*Electronic Production Equipment*
5,250	Advantest Corp. (d)	114,571
5,300	Tokyo Electron Ltd.	277,812
		392,383
	*Electronics/Appliance Stores*
2,750	Yamada Denki Co., Ltd.	172,048

	*Electronics/Appliances*
9,650	Casio Computer Co., Ltd. (d)	79,240
11,100	FUJIFILM Holdings Corp.	362,473
7,000	Nikon Corp.	140,703
45,000	Sanyo Electric Co., Ltd. (a)	100,819
18,500	Sharp Corp. (d)	205,871
16,396	Sony Corp. (d)	463,506
		1,352,612
	*Engineering & Construction*
7,546	JGC Corp.	130,784
30,000	Kajima Corp. (d)	84,650
21,571	Obayashi Corp.	96,428
21,000	Shimizu Corp. (d)	86,330
31,000	Taisei Corp. (d)	70,436
		468,628
	*Finance/Rental/Leasing*
590	Acom Co., Ltd. (d)	12,533
500	Aeon Credit Service Co., Ltd.	5,696
1,500	Credit Saison Co., Ltd. (d)	19,593
200	Mitsubishi UFJ Lease & Finance Co., Ltd	6,129
260	Orix Corp. (d)	16,459
750	Promise Co., Ltd. (d)	7,902
		68,312
	*Financial Conglomerates*
170,900	Mizuho Financial Group, Inc. (d)	388,306
254	SBI Holdings Inc. (d)	51,441
		439,747
	*Food Retail*
11,103	Aeon Co., Ltd. (d)	107,950
1,952	FamilyMart Co., Ltd. (d)	63,537
1,603	Lawson, Inc.	66,576
17,400	Seven & I Holdings Co., Ltd. (d)	408,222
		646,285
	*Food: Meat/Fish/Dairy*
6,000	Nippon Meat Packers, Inc. (d)	73,553
3,400	Yakult Honsha Co., Ltd. (d)	74,917
		148,470
	*Food: Specialty/Candy*
16,000	Ajinomoto Co., Inc.	153,532
5,500	Kikkoman Corp.	64,343
900	Meiji Holdings Co. Ltd.	36,333
2,200	Nissin Foods Holdings Co., Ltd.	70,214

5,000	Yamazaki Baking Co., Ltd.	62,827
		387,249
	*Gas Distributors*
38,000	Osaka Gas Co., Ltd.	126,499
43,000	Tokyo Gas Co., Ltd.	157,686
		284,185
	*Home Building*
2,756	Daito Trust Construction Co., Ltd.	135,725
16,000	Daiwa House Industry Co., Ltd.	165,538
14,072	Sekisui Chemical Co., Ltd. (d)	83,131
23,046	Sekisui House, Ltd. (d)	217,247
		601,641
	*Household/Personal Care*
14,500	Kao Corp.	328,692
7,500	Shiseido Company, Ltd. (d)	122,378
1,200	Unicharm Corp.	97,141
		548,211
	*Industrial Conglomerates*
80,000	Hitachi, Ltd. (d)	268,851
29,500	Kawasaki Heavy Industries, Ltd. (d)	76,069
		344,920
	*Industrial Machinery*
7,553	Amada Co., Ltd.	48,052
4,300	Daikin Industries, Ltd.	156,322
4,250	Fanuc Ltd. (d)	348,983
29,530	IHI Corp. (d)	49,932
81,550	Mitsubishi Heavy Industries, Ltd.	326,631
1,605	SMC Corp. (d)	181,151
12,000	Sumitomo Heavy Industries, Ltd. (d)	57,955
1,300	THK Co., Ltd. (d)	21,350
		1,190,376
	*Industrial Specialties*
28,500	Asahi Glass Co., Ltd.	247,577
4,800	Nitto Denko Corp.	154,716
		402,293
	*Information Technology Services*
900	Itochu Techno-Solutions Corp. (d)	27,107
3,950	Nomura Research Institute, Ltd. (d)	97,889
37	NTT Data Corp.	124,734
280	OBIC Co., Ltd.	47,789
20,400	Softbank Corp. (d)	434,410
		731,929
	*Internet Software/Services*
418	Yahoo Japan Corp.	137,161

	*Investment Banks/Brokers*
44,000	Daiwa Securities Group Inc.	260,396
5,400	Matsui Securities Co., Ltd. (d)	51,532
31,950	Nomura Holdings, Inc.	279,911
17,000	Shinko Securities Co., Ltd. (d)	62,161
		654,000
	*Life/Health Insurance*
2	Sony Financial Holdings Inc. (d)	6,165
4,500	T&D Holdings, Inc. (d)	132,206
		138,371
	*Major Banks*
26,000	Bank of Yokohama, Ltd. (The) (d)	140,956
16,000	Chiba Bank, Ltd. (The)	103,820
14,623	Chuo Mitsui Trust Holdings, Inc.	50,997
16,000	Joyo Bank, Ltd. (The)	81,501
159,160	Mitsubishi UFJ Financial Group, Inc.	952,016
8,400	Resona Holdings, Inc. (d)	124,102
25,500	Shinsei Bank, Ltd. (d)	37,728
14,000	Shizuoka Bank, Ltd. (The) (d)	137,892

10,800	Sumitomo Mitsui Financial Group, Inc. (d)	462,246
26,081	Sumitomo Trust & Banking Co., Ltd. (The)	142,774
		2,234,032
	*Major Telecommunications*
4,200	Nippon Telegraph & Telephone Corp.	173,548

	*Marine Shipping*
5,000	Mitsui O.S.K. Lines, Ltd.	30,489
27,015	Nippon Yusen Kabushiki Kaisha (d)	115,626
		146,115
	*Medical Specialties*
5,400	Olympus Corp. (d)	155,223
4,550	Terumo Corp. (d)	231,287
		386,510
	*Metal Fabrications*
12,000	Minebea Co., Ltd. (d)	48,824
44,000	Mitsubishi Materials Corp. (d)	119,503
32,604	Mitsui Mining & Smelting Co.	89,930
17,553	NSK Ltd.	95,162
15,051	NTN Corp. (d)	60,920
		414,339
	*Miscellaneous Commercial Services*
5,985	Secom Co., Ltd.	256,161
1,190	USS Co., Ltd.	74,450
		330,611
	*Miscellaneous Manufacturing*
2,500	Kurita Water Industries Ltd. (d)	82,959

	*Motor Vehicles*
37,209	Honda Motor Co., Ltd.	1,199,339
55,005	Nissan Motor Co., Ltd.	400,512
59,855	Toyota Motor Corp.	2,523,873
1,100	Yamaha Motor Co., Ltd. (d)	13,694
		4,137,418
	*Movies/Entertainment*
1,550	Oriental Land Co., Ltd. (d)	103,852
2,850	TOHO Co., Ltd.	50,720
		154,572
	*Oil & Gas Production*
13	INPEX Holdings Inc.	99,466

	*Oil Refining/Marketing*
36,000	Nippon Oil Corp.	190,985
5,800	Showa Shell Sekiyu K.K.	64,911
7,000	TonenGeneral Sekiyu K.K. (d)	66,874
		322,770
	*Other Consumer Services*
1,754	Benesse Corp.	75,999

	*Other Metals/Minerals*
16,595	Dowa Holdings Co., Ltd.	75,763
12,250	Nippon Mining Holdings, Inc.	58,256
23,500	Sumitomo Metal Mining Co., Ltd. (d)	353,897
		487,916
	*Other Transportation*
3,000	Mitsubishi Logistics Corp.	37,221

	*Packaged Software*
1,250	Oracle Corp. Japan	50,330
2,700	Trend Micro Inc. (d)	93,305
		143,635
	*Pharmaceuticals: Major*
17,800	Takeda Pharmaceutical Co., Ltd.	720,465

	*Pharmaceuticals: Other*
10,600	Astellas Pharma Inc.	404,396
5,806	Chugai Pharmaceutical Co., Ltd. (d)	106,456
14,800	Daiichi Sankyo Co., Ltd.	269,020
5,003	Eisai Co., Ltd. (d)	178,178
7,032	Kyowa Hakko Kogyo Co., Ltd	81,003
6,181	Shionogi & Co., Ltd.	127,964
4,959	Taisho Pharmaceutical Co., Ltd.	95,695
		1,262,712
	*Property - Casualty Insurers*
1,000	Aioi Insurance Company Ltd	4,756
14,268	Millea Holdings, Inc.	414,658
1,000	Nipponkoa Insurance Company Ltd	5,971
16,000	Sompo Japan Insurance Inc.	106,188
		531,573
	*Pulp & Paper*
2,500	Nippon Paper Group, Inc. (d)	64,465
27,000	Oji Paper Co., Ltd. (d)	117,273
		181,738
	*Railroads*
33	Central Japan Railway Co.	199,133
7,900	East Japan Railway Co.	453,337
10,000	Keihin Electric Express Railway Co., Ltd. (d)	83,382
7,000	Keio Corp.	42,018
37,550	Kintetsu Corp. (d)	175,002
20,500	Tobu Railway Co., Ltd. (d)	124,571
23,000	Tokyu Corp.	112,782
16	West Japan Railway Co.	51,065
		1,241,290
	*Real Estate Development*
200	AEON Mall Co. Ltd.	4,227
2,450	Leopalace21 Corp.	20,998
17,000	Mitsubishi Estate Co., Ltd.	283,318
13,500	Mitsui Fudosan Co., Ltd.	248,243
5,500	Sumitomo Realty & Development Co., Ltd.	113,342
6,000	Tokyo Tatemono Co., Ltd.	29,421
1,000	Tokyu Land Corp.	4,037
		703,586
	*Real Estate Investment Trusts*
2	Japan Prime Realty Investment Corporation	4,305
9	Japan Real Estate Investment Corp.	75,329
10	Japan Retail Fund Investment Corp.	50,198
13	Nippon Building Fund Inc.	116,777
1	Nomura Real Estate Office Fund, Inc	6,573
		253,182
	*Recreational Products*
3,000	Konami Corp. (d)	63,884
2,008	Nintendo Co., Ltd.	543,035
2,350	Shimano Inc.	96,359
3,700	Yamaha Corp.	49,151
		752,429
	*Regional Banks*
6,500	77 Bank, Ltd. (The)	38,468
6,000	Bank of Kyoto, Ltd. (The)	54,404
15,000	Fukuoka Financial Group, Inc. (d)	65,786
1,000	Gunma Bank Ltd. (The)	5,812
1,000	Hachijuni Bank Ltd. (The)	5,855
1,000	Hiroshima Bank Ltd. (The)	4,164
29,000	Hokuhoku Financial Group, Inc.	66,198
14,000	Nishi-Nippon City Bank, Ltd. (The)	35,509
1,000	Sapporo Hokuyo Holdings Inc. (e)	3,371
1,000	Suruga Bank Ltd.	10,631
		290,198

	*Semiconductors*
3,405	Rohm Co., Ltd.	253,328

	*Specialty Insurance*
7,300	Mitsui Sumitomo insurance Group Holdings, Inc. (a) (d)	187,466

	*Specialty Stores*
5,000	UNY Co., Ltd.	40,793

	*Steel*
7,900	JFE Holdings, Inc.	318,087
45,000	Kobe Steel, Ltd. (d)	87,028
104,108	Nippon Steel Corp.	416,982
65,000	Sumitomo Metal Industries, Ltd.	162,114
		984,211
	*Textiles*
4,571	Nisshinbo Industries, Inc. (d)	58,499
23,608	Teijin Ltd.	74,847
31,000	Toray Industries, Inc. (d)	155,287
		288,633
	*Tobacco*
92	Japan Tobacco Inc.	266,399

	*Trucks/Construction/Farm Machinery*
1,000	Hitachi Construction Machinery Co., Ltd. (d)	17,744
24,900	Komatsu Ltd.	407,610
37,000	Kubota Corp.	333,147
		758,501
	*Wholesale Distributors*
37,051	Itochu Corp.	277,222
54,550	Marubeni Corp.	251,924
32,100	Mitsubishi Corp.	641,152
39,000	Mitsui & Co., Ltd.	489,226
23,600	Sumitomo Corp.	233,693
		1,893,217
	*Wireless Telecommunications*
57	NTT DoCoMo, Inc. (d)	82,646
	Total Japan	41,074,596

	Luxembourg (0.3%)
	*Steel*
10,997	ArcelorMittal (d) (e)	395,767

	Malaysia (0.5%)
	*Agricultural Commodities/Milling*
37,600	IOI Corporation Behard	52,304
5,800	Kuala Lumpur Kepong Berhad	20,582
7,100	PPB Group Berhad	29,630
		102,516
	*Casino/Gaming*
27,800	Genting Berhad	51,299

	*Electric Utilities*
21,300	Tenaga Nasional Berhad	49,282
9,600	YTL Corp. Berhad	19,759
25,400	YTL Power International	15,720
		84,761
	*Engineering & Construction*
29,600	Gamuda Berhad	28,234
10,200	IJM Corp. Berhad	17,519
		45,753
	*Financial Conglomerates*
24,900	AMMB Holdings Berhad	28,275

	*Hotels/Resorts/Cruiselines*
38,700	Genting Malaysia Berhad	32,300

	*Major Banks*
37,200	Malayan Banking Berhad	68,644

	*Major Telecommunications*
3,900	Digi.com Berhad	24,579

	*Marine Shipping*
12,400	Malaysian International Shipping Berhad	30,978

	*Oil & Gas Pipelines*
8,700	Petronas Gas Berhad	24,204

	*Other Transportation*
22,100	Plus Expressways Berhad	20,579

	*Regional Banks*
28,800	Commerce Asset-Holdings Berhad	88,301
13,000	Public Bank Berhad	38,382
		126,683
	*Tobacco*
1,700	British American Tobacco Berhad	22,441

	*Wholesale Distributors*
32,600	Sime Darby Berhad	76,352

	*Wireless Telecommunications*
30,300	Axiata Group Berhad	25,289
	Total Malaysia	764,653

	Mexico (0.2%)
	*Discount Stores*
71,150	Wal-Mart de Mexico S.A.B. de C.V. (Series V)	242,499

	*Home Building*
4,300	Desarrolladora Homex S.A.B. de C.V. (ADR) (a) (d)	151,489
23,400	Urbi, Desarrollos Urbanos, S.A.B. de C.V. (a)	40,462
		191,951
	Total Mexico	434,450

	Netherlands (2.2%)
	*Aerospace & Defense*
4,604	European Aeronautic Defence and Space Co. (d)	87,800

	*Air Freight/Couriers*
9,746	TNT N.V. (d)	231,492

	*Beverages: Alcoholic*
3,824	Heineken N.V.	152,663

	*Chemicals: Major Diversified*
2,154	Koninklijke DSM N.V. (d)	76,998

	*Construction Materials*
6,557	James Hardie Industries N.V. (CDI)	28,462

	*Electronic Production Equipment*
5,597	ASML Holding N.V.	146,544

	*Financial Conglomerates*
24,345	ING Groep N.V. (Dutch Certificates)	312,219

	*Food Retail*
18,160	Koninklijke Ahold NV (a)	206,523

	*Food: Major Diversified*
21,630	Unilever N.V. (Share Certificates)	590,994

	*Industrial Conglomerates*
19,931	Koninklijke (Royal) Philips Electronics N.V.	454,520

	*Industrial Specialties*
3,263	Akzo Nobel N.V.	179,030

	*Life/Health Insurance*
26,775	Aegon N.V.	196,841

	*Major Telecommunications*
22,293	Koninklijke (Royal) KPN N.V. (d)	335,057

	*Oilfield Services/Equipment*
1,326	Furgo N.V. (Share Certificates)	59,505
3,370	SBM Offshore N.V. (d)	64,458
		123,963
	*Personnel Services*
395	Randstad Holding NV (d)	13,685

	*Publishing: Books/Magazines*
8,407	Reed Elsevier N.V. (d)	88,119
5,723	Wolters Kluwer N.V.	112,566
		200,685
	*Semiconductors*
9,696	STMicroelectronics N.V. (d)	74,059
	Total Netherlands	3,411,535

	Norway (1.4%)
	*Chemicals: Agricultural*
21,965	Yara International ASA (d)	680,869

	*Electrical Products*
3,800	Renewable Energy Corp. (a) (d)	30,173

	*Financial Conglomerates*
22,028	DnB NOR ASA	191,693

	*Food: Specialty/Candy*
26,090	Orkla ASA	206,610

	*Industrial Conglomerates*
23,651	Norsk Hydro ASA	138,909

	*Integrated Oil*
31,586	StatoilHydro ASA	675,063

	*Major Telecommunications*
23,335	Telenor ASA	215,249
	Total Norway	2,138,566

	Poland (1.1%)
	*Engineering & Construction*
2,800	PBG SA	217,528

	*Information Technology Services*
843	Assesco Poland S.A.	17,358

	*Integrated Oil*
212,224	Polskie Gornictwo Naftow	324,641

	*Major Telecommunications*
7,306	Telekomunikacja Polska S.A.	37,396

	*Oil Refining/Marketing*
3,627	Polski Koncern Naftowy Orlen S.A. (a)	35,459

	*Other Metals/Minerals*
1,435	KGHM Polska Miedz S.A.	42,669

	*Real Estate Development*
1,600	Globe Trade Centre S.A.	14,300

	*Regional Banks*
14,146	Bank Handlowy W, Warsza	286,659
1,298	Bank Pekao S.A.	64,966
8,881	Bank Zachodni WBK S.A.	393,822
99,550	Getin Holding S.A.	249,470
5,300	Powszechna Kasa Oszczednosci Bank Polski S.A.	60,688
		1,055,605
	Total Poland	1,744,956

	Portugal (0.2%)
	*Electric Utilities*
34,716	Energias de Portugal, S.A.	137,704

	*Major Telecommunications*
9,891	Portugal Telecom, SGPS, S.A. (Registered Shares)	100,206

	*Other Transportation*
8,438	Brisa	69,875
	Total Portugal	307,785

	Russia (1.2%)
	*Food: Meat/Fish/Dairy*
1,900	Wimm-Bill-Dann Foods (ADR) (d)	129,504

	*Integrated Oil*
28,550	Gazprom (Sponsored ADR) (Registered Shares) (d)	589,557
5,800	Lukoil (Sponsored ADR)	290,000
951	NovaTech OAO	40,998
18,200	Surgutneftegaz (Sponsored ADR) (d)	141,596
		1,062,151
	*Oil & Gas Production*
5,010	TATNEFT - (Sponsored Registered GDR)	124,749

	*Oil Refining/Marketing*
18,900	Rosneft Oil Co.	115,479

	*Other Metals/Minerals*
14,639	JSC MMC Norilsk Nickel (ADR) (d)	146,536

	*Precious Metals*
3,023	Polyus Gold (ADR) (d)	64,994

	*Regional Banks*
32,411	VTB Bank OJSC	88,158

	*Wireless Telecommunications*
2,300	Mobile Telesystems (Sponsored ADR)	96,577
6,100	Vimpel-Communications (a)	82,411
		178,988
	Total Russia	1,910,559

	Singapore (2.2%)
	*Airlines*
18,277	Singapore Airlines Ltd.	171,445

	*Industrial Conglomerates*
49,000	Fraser & Neave Ltd.	141,299
36,000	Keppel Corp. Ltd.	209,874
		351,173
	*Investment Banks/Brokers*
26,490	Singapore Exchange Ltd. (d)	160,506

	*Major Banks*
34,413	DBS Group Holdings Ltd.	331,899
80,093	Oversea-Chinese Banking Corp., Ltd.	435,206
		767,105
	*Major Telecommunications*
229,630	Singapore Telecommunications Ltd.	558,458

	*Marine Shipping*
20,000	Neptune Orient Lines Ltd. (d)	23,069

	*Other Transportation*
65,089	ComfortDelGro Corp., Ltd.	70,102

	*Publishing: Newspapers*
51,350	Singapore Press Holdings Ltd. (d)	128,094

	*Real Estate Development*
42,000	Capitaland Ltd.	111,482
17,462	City Developments Ltd.	123,034
18,683	UOL Group Ltd.	45,437
		279,953
	*Real Estate Investment Trusts*
30,000	Ascendas Real Estate Investment Trust	35,438
26,704	CapitaMall Trust	29,318
		64,756
	*Regional Banks*
34,508	United Overseas Bank Ltd.	423,932

	*Specialty Stores*
9,031	Jardine Cycle & Carriage Ltd.	148,095

	*Trucks/Construction/Farm Machinery*
49,000	Cosco Corp Ltd. (d)	44,603
25,511	SembCorp Industries Ltd.	56,902
23,400	SembCorp Marine Ltd.	50,730
		152,235
	Total Singapore	3,298,923

	Spain (3.6%)
	*Apparel/Footwear Retail*
1,874	Industria de Diseno Textil, S.A.	100,804

	*Building Products*
1,755	Zardoya Otis S.A. (d)	39,872

	*Electric Utilities*
43,083	Iberdola S.A.	369,664

	*Engineering & Construction*
389	Acciona S.A.	46,989
2,758	ACS, Actividades de Construccion y Servicios, S.A. (d)	146,979
2,457	Cintra Concesiones de Infraestructuras de Transporte S.A.	20,136

395	Fomento de Construcciones y Contratas S.A.	15,848
911	Grupo Ferrovial, S.A. (d)	31,292
		261,244
	*Gas Distributors*
2,395	Gas Natural SDG, S.A. (d)	44,820

	*Information Technology Services*
662	Indra Sistemas, S.A.	15,215

	*Integrated Oil*
13,207	Repsol YPF, S.A.	306,640

	*Investment Managers*
2,881	Criteria Caixacorp. S.A.	13,859

	*Major Banks*
56,404	Banco Bilbao Vizcaya Argentaria, S.A. (d)	926,119
129,732	Banco Santander S.A. (d)	1,878,646
		2,804,765
	*Major Telecommunications*
47,157	Telefonica S.A.	1,173,195

	*Other Transportation*
3,795	Abertis Infraestructuras S.A.	78,593

	*Property - Casualty Insurers*
10,791	Mapfre S.A. (d)	40,296

	*Real Estate Development*
891	Sacyr Vallehermoso S.A. (d)	14,274

	*Regional Banks*
16,051	Banco Popular Espanol S.A.	144,926

	*Steel*
1,782	Acerinox, S.A.	35,355
	Total Spain	5,443,522

	Sweden (2.3%)
	*Apparel/Footwear Retail*
6,458	Hennes & Mauritz AB (B Shares) (d)	383,936

	*Electronics/Appliances*
4,900	Electrolux AB (B Shares)	91,671

	*Engineering & Construction*
8,821	Skanska AB (B Shares) (d)	123,770

	*Financial Conglomerates*
11,998	Investor Ab-B Shares	213,656

	*Household/Personal Care*
12,558	Svenska Cellulosa AB (B Shares)	161,413

	*Industrial Machinery*
5,653	Alfa Laval AB (d)	61,575
7,316	Assa Abloy AB (B Shares) (d)	120,649
20,320	Atlas Copco AB (A Shares) (d)	242,173
9,144	Atlas Copco AB (B Shares) (d)	96,940
19,045	Sandvik AB (d)	181,450
		702,787
	*Major Banks*
7,053	Svenska Handelsbanken AB (A Shares) (d)	172,513

	*Major Telecommunications*
2,733	Tele2 AB (B Shares)	36,776
28,889	TeliaSonera AB (d)	185,360
		222,136
	*Medical Specialties*
4,160	Getinge AB (B Shares) (d)	62,262

	*Metal Fabrications*
6,200	SKF AB (B Shares) (d)	93,009

	*Miscellaneous Commercial Services*
1,600	Securitas AB (B Shares) (d)	15,078

	*Oil & Gas Production*
5,026	Lundin Petroleum AB (a) (d)	44,507

	*Pulp & Paper*
1,250	Holmen AB (B Shares)	34,385

	*Regional Banks*
23,834	Nordea Bank AB (d)	231,206

	*Steel*
3,977	SSAB Svenskt Stal AB (Series A) (d)	52,082

	*Telecommunication Equipment*
52,416	Telefonaktiebolaget LM Ericsson (B Shares) (d)	514,281

	*Tobacco*
4,193	Swedish Match AB (d)	80,042

	*Tools/Hardware*
4,900	Husqvarna AB (B Shares) (d)	30,897

	*Trucks/Construction/Farm Machinery*
13,785	Volvo AB (A Shares) (d)	97,905
20,507	Volvo AB (B Shares)	149,909
		247,814
	Total Sweden	3,477,445

	Switzerland (6.8%)
	*Biotechnology*
599	Lonza Group AG (Registered Shares)	59,359

	*Building Products*
958	Geberit AG (Registered Shares)	133,662
1,193	Schindler Holding AG (Participation Certificates)	77,029
		210,691
	*Chemicals: Agricultural*
3,730	Syngenta AG (Registered Shares)	860,729

	*Computer Peripherals*
3,420	Logitech Intenational S.A. (Registered Shares) (a)	57,605

	*Construction Materials*
3,858	Holcim Ltd. (Registered Shares)	234,300

	*Financial Conglomerates*
28,831	UBS AG (Registered Shares)	421,137

	*Food: Major Diversified*
60,698	Nestle S.A. (Registered Shares)	2,498,010

	*Household/Personal Care*
119	Givaudan S.A. (Registered Shares)	79,563

	*Industrial Conglomerates*
35,781	ABB Ltd. (Registered Shares)	653,577

	*Investment Banks/Brokers*
4,924	Julius Baer Holding AG (Registered Shares) (d)	234,531

	*Investment Trusts/Mutual Funds*
100	Pargesa Holding	7,341

	*Life/Health Insurance*
412	Swiss Life Holding AG (Registered Shares) (d)	41,291

	*Major Banks*
18,299	Credit Suisse Group (Registered Shares)	864,735

	*Major Telecommunications*
336	Swisscom AG (Registered Shares)	110,281

	*Medical Specialties*
2,730	Nobel Biocare Holding AG (Registered Shares)	64,836
178	Straumann Holding AG (Registered Shares) (d)	38,993
		103,829
	*Miscellaneous Commercial Services*
27	SGS SA (Registered Shares)	31,885

	*Multi-Line Insurance*
801	Baloise Holding AG (Registered Shares) (d)	63,861
1,985	Zurich Financial Services AG (Registered Shares)	390,072
		453,933
	*Other Consumer Specialties*
7,672	Compagnie Financiere Richemont S.A.	188,525
519	Swatch Group AG (Bearer Shares)	94,849
1,148	Swatch Group AG (Registered Shares)	42,594
		325,968
	*Personnel Services*
238	Adecco S.A. (Registered Shares)	11,470

	*Pharmaceuticals: Major*
31,461	Novartis AG (Registered Shares)	1,440,791
9,468	Roche Holding AG	1,492,872
		2,933,663
	*Property - Casualty Insurers*
6,517	Swiss Re (Registered Shares)	250,032
	Total Switzerland	10,443,930

	Turkey (1.0%)
	*Beverages: Alcoholic*
9,628	Anadolu Efes Biracilik ve Malt Sanayii A.S.	103,418

	*Discount Stores*
1,699	Bim Birlesik Magazalar A	66,992

	*Engineering & Construction*
16,050	Enka Insaat Ve Sanayi A.S.	54,557

	*Financial Conglomerates*
18,101	Haci Omer Sabanci Holding A.S.	67,680

	*Motor Vehicles*
17,096	Koc Holding A.S. (a)	40,215

	*Oil Refining/Marketing*
5,576	Tupras-Turkiye Petrol Rafinerileri A.S.	72,024

	*Regional Banks*
34,165	Akbank T.A.S.	192,780
70,570	Turkiye Garanti Bankasi A.S.	249,474
11,400	Turkiye Halk Bankasi	60,838
41,939	Turkiye Is Bankasi	145,409
27,952	Turkiye Vakiflar Bankasi T.A.O. (D Shares) (Units)	58,908
31,377	Yapi ve Kredi Bankasi A.S. (a)	65,700
		773,109
	*Specialty Telecommunications*
22,800	Turk Telekomunikasyon A.S.	69,441

	*Steel*
20,474	Eregli Demir ve Celik Fabrikalari T.A.S.	67,367

	*Wireless Telecommunications*
27,344	Turkcell Iletisim Hizmetleri A.S.	173,810
	Total Turkey	1,488,613

	United Kingdom (e) (15.8%)
	*Advertising/Marketing Services*
38,432	WPP Group PLC	296,438

	*Aerospace & Defense*
62,169	BAE Systems PLC	318,821
24,759	Cobham PLC	74,074
36,714	Rolls-Royce Group PLC (a)	254,053
		646,948
	*Airlines*
17,649	British Airways PLC (a)	41,982

	*Apparel/Footwear*
7,072	Burberry Group PLC	54,342

	*Beverages: Alcoholic*
42,560	Diageo PLC	666,866
3,218	SABMiller PLC	74,558
		741,424
	*Cable/Satellite Tv*
27,957	British Sky Broadcasting Group PLC	254,987

	*Casino/Gaming*
9,958	Ladbrokes PLC	29,193

	*Catalog/Specialty Distribution*
10,876	Home Retail Group PLC	57,047

	*Chemicals: Major Diversified*
3,138	Johnson Matthey PLC	74,225

	*Containers/Packaging*
10,347	Rexam PLC	40,791

	*Department Stores*
17,549	Marks & Spencer Group PLC	101,356
3,214	Next PLC	91,539
		192,895
	*Electric Utilities*
5,345	International Power PLC	22,790
54,600	National Grid PLC	509,390
23,577	Scottish & Southern Energy PLC	435,984
		968,164

	*Engineering & Construction*
6,365	AMEC PLC	74,959
11,817	Balfour Beatty PLC	60,354
		135,313
	*Financial Conglomerates*
122,112	Lloyds TSB Group PLC	173,385
74,596	Old Mutual PLC	119,400
		292,785
	*Financial Publishing/Services*
4,218	Thomson Reuters PLC	134,946

	*Food Retail*
15,053	Sainsbury (J) PLC	79,836
81,517	Tesco PLC	500,426
		580,262
	*Food: Major Diversified*
17,446	Unilever PLC	460,455

	*Food: Specialty/Candy*
16,935	WPP Group PLC	167,189

	*Gas Distributors*
46,186	Centrica PLC	169,926

	*Home Building*
1,777	Berkeley Group Holdings PLC (The) (Units) (a) (c)	24,519

	*Home Improvement Chains*
16,731	Kingfisher PLC	59,460

	*Hotels/Resorts/Cruiselines*
2,716	Carnival PLC	79,124
5,641	InterContinental Hotels Group PLC	63,982
		143,106
	*Household/Personal Care*
8,184	Reckitt Benckiser Group PLC	393,178

	*Industrial Conglomerates*
7,468	Smiths Group PLC	89,820
22,605	Tomkins PLC	66,836
		156,656
	*Information Technology Services*
12,372	Invensys PLC	53,320

	*Integrated Oil*
56,175	BG Group PLC	937,439
298,574	BP PLC	2,479,804
64,176	Royal Dutch Shell PLC (A Shares)	1,685,231
43,777	Royal Dutch Shell PLC (B Shares)	1,136,400
		6,238,874
	*Investment Banks/Brokers*
3,014	ICAP PLC	22,858
3,558	Investec PLC	24,012
869	London Stock Exchange Group PLC (d)	10,336
		57,206
	*Investment Managers*
11,347	3i Group PLC	51,888
38,849	Man Group PLC	179,596
3,739	Schroders PLC	61,053
		292,537
	*Life/Health Insurance*
34,746	Aviva PLC	203,581
37,894	Friends Provident PLC	44,405
33,498	Prudential PLC	250,827
28,501	Standard Life PLC	94,172
		592,985

	*Major Banks*
89,663	Barclays PLC	452,778
250,441	HSBC Holdings PLC (Registered Shares)	2,534,155
239,811	Royal Bank of Scotland Group PLC	179,646
24,388	Standard Chartered PLC	578,901
		3,745,480
	*Major Telecommunications*
120,827	BT Group PLC	255,625

	*Medical Specialties*
20,839	Smith & Nephew PLC	165,524

	*Miscellaneous Commercial Services*
11,626	Experian Group Ltd.	95,938
4,556	G4S PLC	16,249
1,852	Serco Group PLC	12,483
		124,670
	*Multi-Line Insurance*
89,190	Legal & General Group PLC	96,023
50,760	Royal & Sun Alliance Insurance Group PLC	107,347
		203,370
	*Other Metals/Minerals*
10,369	Anglo American PLC	334,294
7,703	Rio Tinto PLC	320,272
5,525	Xstrata PLC	74,591
		729,157
	*Other Transportation*
10,380	FirstGroup PLC	57,480

	*Packaged Software*
23,668	Sage Group PLC (The)	77,254

	*Personnel Services*
1,773	Capita Group PLC	19,769

	*Pharmaceuticals: Major*
18,011	AstraZeneca PLC	843,325
68,080	GlaxoSmithKline PLC	1,306,694
		2,150,019
	*Property - Casualty Insurers*
2,507	Admiral Group PLC	40,057

	*Publishing: Books/Magazines*
13,711	Pearson PLC	158,836
18,758	Reed Elsevier PLC	132,625
		291,461
	*Pulp & Paper*
8,123	Bunzl PLC	70,288

	*Restaurants*
28,993	Compass Group PLC	156,191
3,327	Whitbread PLC	48,101
		204,292
	*Tobacco*
21,622	British American Tobacco PLC	671,082
8,638	Imperial Tobacco Group PLC	246,887
		917,969
	*Utilities*
7,904	Severn Trent PLC	127,874

	*Water Utilities*
2,445	UTD Utilities PLC	18,409

	*Wholesale Distributors*
1,116	Wolseley PLC	24,962

	*Wireless Telecommunications*
749,547	Vodafone Group PLC	1,536,306
	Total United Kingdom	24,111,119

	United States (0.1%)
	*Medical Specialties*
1,207	Synthes, Inc.	135,648

	Total Common Stocks (Cost $141,728,688)	141,388,684

	*Investment Trusts/Mutual Funds (0.5%)*
67	Ishares MSCI Taiwan Index Fund	761,376

	Preferred Stocks (1.5%)
	Brazil (1.3%)
	*Electric Utilities*
10,663	Centrais Eletricas Brasileiras S.A. (Class B)	147,450
6,765	Companhia Energetica de Minas Gerais	96,956
		244,406
	*Food: Meat/Fish/Dairy*
22,666	Sadia S.A.	65,602

	*Industrial Conglomerates*
26,222	Itausa - Investimentos Itau S.A. (Pref.)	132,952

	*Integrated Oil*
32,314	Petroleo Brasileiro S.A.	544,528

	*Regional Banks*
19,874	Banco Bradesco S.A.	311,998
19,340	Banco Itau Holding Financeira S.A.	345,492
		657,490
	*Specialty Telecommunications*
5,574	Tele Norte Leste Participacoes S.A.	85,444

	*Steel*
9,749	Companhia Vale do Rio Doce (Class A)	168,514
6,316	Gerdau S.A.	74,001
3,178	Usinas Siderurgicas de Minas Gerais S.A. (Class A)	75,458
		317,973
	Total Brazil	2,048,395

	Germany (0.2%)
	*Electric Utilities*
230	RWE AG NV	16,319

	*Household/Personal Care*
513	Henkel AG & Co. KGaA	18,864

	*Motor Vehicles*
1,607	Porsche Automobil Holding SE	104,765
1,213	Volkswagen AG	95,071
		199,836
	Total Germany	235,019
	Total Preferred Stocks (Cost $2,127,285)	2,283,414

NUMBER OF
WARRANTS
	Warrants (0.0%)
	Italy (0.0%)
	*Regional Banks*
2	Unione Di Banche	0

	Malaysia (0.0%)
	*Real Estate Development*
12	IJM Land BHD	2,195
	Total Warrants (Cost $0)	2,195

NUMBER OF
RIGHTS
	Rights (0.0%)
	Belgium (0.0%)
	*Financial Conglomerates*
25,770	Fortis Group	0

	Japan (0.0%)
	*Other Metals/Minerals*
22	Rolls Royce Group (Rights)	0

	United Kingdom (0.0%)
	*Containers/Packaging*
4	Rexam PLC	5,404
	Total Rights (Cost $0)	5,404

PRINCIPAL
AMOUNT IN
THOUSANDS
		Short-Term Investments (17.5%)
		Securities held as Collateral on Loaned Securities (e) (14.2%)
		Repurchase Agreements (3.0%)
$	3,364	Bank of America Securities LLC (0.21% dated 7/31/09, due 08/03/09; proceeds $3,363,884; fully collateralized by Federal Home Loan Mortgage Corp., 5.00% due 03/01/35; valued at $3,431,201.)	3,363,865

1,207		Citigroup Global Markets Inc. (0.54%, dated 7/31/09, due 08/03/09; proceeds $1,207,107; fully collateralized by exchange traded fund at the date of this Portfolio of Investments as follows: Diamonds Trust; valued at $1,267,448.)	1,207,071
		Total Repurchase Agreements (Cost $4,570,936)	4,570,936

NUMBER OF
SHARES (000)
	Investment Company (f) (11.2%)
17,412	Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class (Cost $17,141,691)			17,141,691

	Total Securities held as Collateral on Loaned Securities (Cost $21,712,627)			21,712,627

	Investment Company (f) (3.3%)
5,145	Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class (Cost $5,145,065)			5,145,065

	Total Short-Term Investments (Cost $26,857,692)			26,857,692

	Total Investments (Cost $170,713,665) (g)	112.0	%	171,298,765
	Liabilities in Excess of Other Assets	(12.0	)	(18,211,046		)
	Net Assets	100.0	%	$	153,087,719

Forward Foreign Currency Contract Open at July 31, 2009:

					UNREALIZED
	CONTRACTS TO		IN	DELIVERY	APPRECIATION
CURRENCY	DELIVER	CURRENCY	EXCHANGE FOR	DATE	(DEPRECIATION)

$	158,418	GBP	258,007	08/13/2009	$	6,611
$	224,158	GBP	365,209	08/13/2009	9,220
EUR	550,682	$	769,193	08/13/2009	(15,722		)
GBP	966,141	$	1,573,795	08/13/2009	(40,030		)
$	1,167,026	AUD	952,597	08/13/2009	22,473
$	1,770,743	AUD	1,417,533	08/13/2009	61,953
$	2,160,916	EUR	3,082,968	08/13/2009	(2,907		)
$	2,448,218	GBP	3,990,546	08/13/2009	98,915
$	2,816,742	EUR	3,931,820	08/13/2009	83,023
$	3,266,721	AUD	2,567,250	08/13/2009	162,149
EUR	3,310,434	$	4,624,080	08/13/2009	(94,446		)
EUR	4,528,986	$	6,329,801	08/13/2009	(125,588		)
EUR	5,306,988	$	7,425,166	08/13/2009	(139,148		)
$	6,814,013	EUR	9,523,469	08/13/2009	188,883
$	18,053,769	EUR	25,223,823	08/13/2009	509,112
$	21,173,013	EUR	29,568,748	08/13/2009	610,202
EUR	27,638,609	$	38,545,909	08/13/2009	(848,775		)
HKD	40,993,355	$	5,290,489	08/13/2009	382
JPY	129,622,668	$	1379918.8	08/13/2009	9,921
JPY	156,203,549	$	1,678,345	08/13/2009	27,410
JPY	370,214,280	$	3,986,457	08/13/2009	73,616
JPY	499,179,781	$	5,294,023	08/13/2009	18,130

		Net Unrealized Appreciation			$	615,383

Currency Abbreviations:
AUD	Australian Dollar.
EUR	Euro.
GBP	British Pound.
HKD	Hong Kong Dollar.
JPY	Japanese Yen.

Morgan Stanley International Fund

Portfolio of Investments July 31, 2009 (unaudited)

			PERCENT OF
INDUSTRY	VALUE		TOTAL INVESTMENTS

Short-Term Investments	$	26,857,692	15.7	%
Major Banks	15,078,686		8.8
Integrated Oil	12,579,156		7.3
Pharmaceuticals: Major	6,907,413		4.0
Motor Vehicles	6,324,359		3.7
Electric Utilities	5,297,066		3.1
Industrial Conglomerates	4,804,662		2.8
Other Metals/Minerals	4,536,494		2.6
Regional Banks	4,515,329		2.6
Major Telecommunications	4,318,345		2.5
Real Estate Development	3,850,490		2.2
Food: Major Diversified	3,758,929		2.2
Electronic Equipment/Instruments	3,518,658		2.1
Steel	2,612,648		1.5
Financial Conglomerates	2,478,428		1.4
Wholesale Distributors	2,381,416		1.4
Food Retail	2,146,619		1.3
Engineering & Construction	2,044,278		1.2
Wireless Telecommunications	2,014,885		1.2
Industrial Machinery	1,990,294		1.2
Chemicals: Agricultural	1,962,671		1.1
Investment Banks/Brokers	1,912,789		1.1
Multi-Line Insurance	1,887,891		1.1
Beverages: Alcoholic	1,792,834		1.0
Chemicals: Specialty	1,754,957		1.0
Pharmaceuticals: Other	1,736,449		1.0
Gas Distributors	1,569,268		0.9
Life/Health Insurance	1,478,751		0.9
Railroads	1,474,952		0.9
Electronics/Appliances	1,444,283		0.8
Telecommunication Equipment	1,358,254		0.8
Household/Personal Care	1,314,095		0.8
Tobacco	1,286,851		0.8
Electrical Products	1,263,243		0.7
Trucks/Construction/Farm Machinery	1,249,252		0.7
Property - Casualty Insurers	1,065,907		0.6
Department Stores	1,012,400		0.6
Electronic Components	995,697		0.6
Medical Specialties	975,916		0.6
Apparel/Footwear Retail	947,281		0.6
Information Technology Services	934,253		0.5
Oil Refining/Marketing	867,519		0.5
Aerospace & Defense	836,649		0.5
Home Building	818,111		0.5
Chemicals: Major Diversified	797,616		0.5
Investment Trusts/Mutual Funds	790,848		0.5
Food: Specialty/Candy	761,048		0.4

Recreational Products	752,429	0.4
Apparel/Footwear	736,014	0.4
Automotive Aftermarket	677,956	0.4
Building Products	670,715	0.4
Auto Parts: O.E.M.	653,449	0.4
Industrial Specialties	651,155	0.4
Construction Materials	644,785	0.4
Miscellaneous Commercial Services	605,569	0.4
Metal Fabrications	591,674	0.3
Publishing: Books/Magazines	582,682	0.3
Packaged Software	571,379	0.3
Electronic Production Equipment	538,927	0.3
Air Freight/Couriers	518,561	0.3
Food: Meat/Fish/Dairy	471,032	0.3
Oil & Gas Production	446,246	0.3
Real Estate Investment Trusts	434,175	0.3
Pulp & Paper	426,725	0.2
Marine Shipping	374,335	0.2
Precious Metals	365,630	0.2
Investment Managers	357,028	0.2
Other Transportation	356,582	0.2
Advertising/Marketing Services	346,275	0.2
Other Consumer Specialties	344,074	0.2
Airlines	330,213	0.2
Semiconductors	327,387	0.2
Hotels/Resorts/Cruiselines	302,203	0.2
Computer Processing Hardware	295,799	0.2
Textiles	288,633	0.2
Media Conglomerates	274,713	0.2
Commercial Printing/Forms	273,606	0.2
Cable/Satellite Tv	254,987	0.1
Agricultural Commodities/Milling	253,010	0.1
Water Utilities	246,602	0.1
Containers/Packaging	240,583	0.1
Oilfield Services/Equipment	233,805	0.1
Discount Stores	229,737	0.1
Biotechnology	210,961	0.1
Restaurants	204,292	0.1
Specialty Stores	188,888	0.1
Specialty Insurance	187,466	0.1
Casino/Gaming	181,082	0.1
Electronics/Appliance Stores	172,048	0.1
Other Consumer Services	155,191	0.1
Specialty Telecommunications	154,885	0.1
Movies/Entertainment	154,572	0.1
Publishing: Newspapers	137,449	0.1
Internet Software/Services	137,161	0.1
Financial Publishing/Services	134,946	0.1
Finance/Rental/Leasing	130,825	0.1
Utilities	127,874	0.1
Broadcasting	124,821	0.1
Coal	122,882	0.1
Contract Drilling	122,008	0.1
Medical/Nursing Services	88,146	0.1

MS International Fund

Notes to the Portfolio of Investments

SFAS 157 Disclosure

7/31/2009

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“SFAS 157”), effective November 1, 2008. In accordance with SFAS 157, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. SFAS 157 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund’s investments. The inputs are summarized in the three broad levels listed below.

·	Level 1 – unadjusted quoted prices in active markets for identical investments
·	Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
·	Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.

The following is a summary of the inputs used as of July 31, 2009 in valuing the Fund’s investments carried at value:

	Fair Value Measurements at July 31, 2009 Using
			Unadjusted
			Quoted Prices In		Significant	Significant
Investment Type	Total		Active Market for Identical Investments (Level 1)		Other Observable Inputs (Level 2)	Unobservable Inputs (Level 3)
Assets
Common Stocks
Advertising/Marketing Services	$	346,275	$	346,275	—	—
Aerospace & Defense	836,649		836,649		—	—
Agricultural Commodities/Milling	253,010		253,010		—	—
Air Freight/Couriers	518,561		518,561		—	—
Airlines	330,213		330,213		—	—
Aluminum	55,519		55,519		—	—
Apparel/Footwear	736,014		736,014		—	—
Apparel/Footwear Retail	947,281		947,281		—	—
Auto Parts: O.E.M.	653,449		653,449		—	—
Automotive Aftermarket	677,956		677,956		—	—
Beverages: Alcoholic	1,792,834		1,792,834		—	—
Beverages: Non-Alcoholic	56,518		56,518		—	—
Biotechnology	210,961		210,961		—	—
Broadcasting	124,821		124,821		—	—
Building Products	670,715		670,715		—	—
Cable/Satellite Tv	254,987		254,987		—	—
Casino/Gaming	181,082		181,082		—	—
Catalog/Specialty Distribution	57,047		57,047		—	—
Chemicals: Agricultural	1,962,671		1,962,671		—	—
Chemicals: Major Diversified	797,616		797,616		—	—
Chemicals: Specialty	1,754,957		1,754,957		—	—
Coal	122,882		122,882		—	—
Commercial Printing/Forms	273,606		273,606		—	—
Computer Peripherals	57,605		57,605		—	—
Computer Processing Hardware	295,799		295,799		—	—
Construction Materials	644,785		644,785		—	—
Containers/Packaging	235,179		235,179		—	—
Contract Drilling	122,008		122,008		—	—
Department Stores	1,012,400		1,012,400		—	—
Discount Stores	229,737		229,737		—	—
Electric Utilities	5,036,341		5,036,341		—	—
Electrical Products	1,263,243		1,263,243		—	—
Electronic Components	995,697		995,697		—	—
Electronic Equipment/Instruments	3,518,658		3,518,658		—	—
Electronic Production Equipment	538,927		538,927		—	—
Electronics/Appliance Stores	172,048		172,048		—	—
Electronics/Appliances	1,444,283		1,444,283		—	—
Engineering & Construction	2,044,278		2,044,278		—	—
Finance/Rental/Leasing	130,825		130,825		—	—
Financial Conglomerates	2,478,428		2,478,428		—	—
Financial Publishing/Services	134,946		134,946		—	—
Food Retail	2,146,619		2,146,619		—	—
Food: Major Diversified	3,758,929		3,758,929		—	—

Food: Meat/Fish/Dairy	405,430			405,430			—			—
Food: Specialty/Candy	761,048			761,048			—			—
Gas Distributors	1,569,268			1,569,268			—			—
Home Building	818,111			818,111			—			—
Home Improvement Chains	59,460			59,460			—			—
Hotels/Resorts/Cruiselines	302,203			302,203			—			—
Household/Personal Care	1,295,231			1,295,231			—			—
Industrial Conglomerates	4,671,710			4,671,710			—			—
Industrial Machinery	1,990,294			1,990,294			—			—
Industrial Specialties	651,155			651,155			—			—
Information Technology Services	934,253			934,253			—			—
Integrated Oil	12,034,628			12,034,628			—			—
Internet Software/Services	137,161			137,161			—			—
Investment Banks/Brokers	1,912,789			1,912,789			—			—
Investment Managers	357,028			357,028			—			—
Investment Trusts/Mutual Funds	790,848			790,848			—			—
Life/Health Insurance	1,478,751			1,478,751			—			—
Major Banks	15,078,686			15,078,686			—			—
Major Telecommunications	4,318,345			4,318,345			—			—
Marine Shipping	374,335			374,335			—			—
Media Conglomerates	274,713			274,713			—			—
Medical Distributors	22,403			22,403			—			—
Medical Specialties	975,916			975,916			—			—
Medical/Nursing Services	88,146			88,146			—			—
Metal Fabrications	591,674			591,674			—			—
Miscellaneous Commercial Services	605,569			605,569			—			—
Miscellaneous Manufacturing	82,959			82,959			—			—
Motor Vehicles	6,124,523			6,124,523			—			—
Movies/Entertainment	154,572			154,572			—			—
Multi-Line Insurance	1,887,891			1,887,891			—			—
Office Equipment/Supplies	42,581			42,581			—			—
Oil & Gas Pipelines	24,204			24,204			—			—
Oil & Gas Production	446,246			446,246			—			—
Oil Refining/Marketing	867,519			867,519			—			—
Oilfield Services/Equipment	233,805			233,805			—			—
Other Consumer Services	155,191			155,191			—			—
Other Consumer Specialties	344,074			344,074			—			—
Other Metals/Minerals	4,536,494			4,536,494			—			—
Other Transportation	356,582			356,582			—			—
Packaged Software	571,379			571,379			—			—
Personnel Services	44,914			44,914			—			—
Pharmaceuticals: Major	6,907,413			6,907,413			—			—
Pharmaceuticals: Other	1,736,449			1,736,449			—			—
Precious Metals	365,630			365,630			—			—
Property - Casualty Insurers	1,065,907			1,065,907			—			—
Publishing: Books/Magazines	582,682			582,682			—			—
Publishing: Newspapers	137,449			137,449			—			—
Pulp & Paper	426,725			426,725			—			—
Railroads	1,474,952			1,474,952			—			—
Real Estate Development	3,848,295			3,848,295			—			—
Real Estate Investment Trusts	434,175			434,175			—			—
Recreational Products	752,429			752,429			—			—
Regional Banks	3,857,839			3,857,839			—			—
Restaurants	204,292			204,292			—			—
Semiconductors	327,387			327,387			—			—
Specialty Insurance	187,466			187,466			—			—
Specialty Stores	188,888			188,888			—			—
Specialty Telecommunications	69,441			69,441			—			—
Steel	2,294,675			2,294,675			—			—
Telecommunication Equipment	1,358,254			1,358,254			—			—
Textiles	288,633			288,633			—			—
Tobacco	1,286,851			1,286,851			—			—
Tools/Hardware	30,897			30,897			—			—
Trucking	54,854			54,854			—			—
Trucks/Construction/Farm Machinery	1,249,252			1,249,252			—			—
Utilities	127,874			127,874			—			—
Water Utilities	246,602			246,602			—			—
Wholesale Distributors	2,381,416			2,381,416			—			—
Wireless Telecommunications	2,014,885			2,014,885			—			—
Total Common Stocks	142,150,060			142,150,060			—			—
Preferred Stocks	2,283,414			2,283,414			—			—
Rights	5,404			—			$	5,404		—
Warrants	2,195			2,195			—			—
Short-Term Investments
Investment Company	22,286,756			22,286,756			—			—
Repurchase Agreements	4,570,936			—			4,570,936			—
Total Short-Term Investments	26,857,692			22,286,756			4,570,936			—
Forward Contracts	1,882,000			—			1,882,000
Futures	264,030			264,030			—
Total	$	173,444,795		$	166,986,455		$	6,458,340		—
Liabilities
Forward Contracts	$	(1,266,617	)	—			$	(1,266,617	)	—
Futures	(13,487		)	$	(13,487	)	—			—
Total	$	(1,280,104	)	$	(13,487	)	$	(1,266,617	)	—

Investment Company Act file number		811-09081

Morgan Stanley International Fund
(Exact name of registrant as specified in charter)

522 Fifth Avenue, New York, New York			10036
(Address of principal executive offices)			(Zip code)

Randy Takian 522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)

Registrant’s telephone number, including area code:		212-296-6963

Date of fiscal year end:	October 31, 2009

Date of reporting period:	July 31, 2009

ADR		American Depositary Receipt.
CDI		CHESS Depository Interest.
GDR		Global Depositary Receipt.
PPS		Price Protected Share.
(a)		Non-income producing security.
(b)		Comprised of securities in separate entilies that are traded as a single stapled security.
(c)		Consist of one or more class of securities traded together as a unit; stocks with attached warrants.
(d)		The value of loaned securities and related collateral outstanding at July 31, 2009 was $21,385,175 and $21,751,504 respectively. The fund received cash collateral of $21,712,626 which was subsequently invested in Repurchase Agreements and Morgan Stanley Institutional Liquidity Money Market Portfolio as reported in the Portfolio of Investments. The remainder collateral of $38,878 received in the form of U.S. Government Agencies and Obligation, which the Fund cannot sell or re-pledge and accordingly are not reflected in Portfolio of Investments. The Fund has the right under the lending agreement to recover the securities from the borrower on demand.
(e)		At January 31, 2009, investments in securities of issuers in Japan 26.8% and United Kingdom 15.6% represented 42.4% of the Fund’s net assets. These investments as well as other non-U.S. investments, which involve risks and consideration not present with respect to U.S. securities, may be affected by economic or political development in this region.
(f)		The Fund invests in Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class, an open-end management investment company managed by the Investment Adviser, both directly, and as a portion of the securities held as collateral on loaned securities. Investment advisory fees paid by the Fund are reduced by an amount equal to the advisory and administrative service fees paid by Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class with respect to assets invested by the Fund in Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class.
(g)		The aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes.

					UNREALIZED
NUMBER OF		DESCRIPTION, DELIVERY	UNDERLYING FACE		APPRECIATION/
CONTRACTS	LONG/SHORT	MONTH AND YEAR	AMOUNT AT VALUE		(DEPRECIATION)

186	Long	SGX CNX NIFTY Index Future August 2009	$	1,731,288	$	43,946

62	Long	MSCI TAIWAN Index Future August 2009	1,587,200		1,793

42	Long	Dow Jones Euro STOXX 50 Futures September 2009	1,577,970		125,859

20	Long	FTSE 100 Index Futures September 2009	1,528,798		92,432

16	Long	I-SHARES Index Future August 2009	1,243,760		(13,487		)

		Net Unrealized Appreciation			$	250,543

Morgan Stanley International Fund

/s/ Randy Takian
Randy Takian
Principal Executive Officer
September 17, 2009

/s/ Randy Takian
Randy Takian
Principal Executive Officer
September 17, 2009

/s/ Francis Smith
Francis Smith
Principal Financial Officer
September 17, 2009

Date: September 17, 2009
	/s/ Randy Takian
	Randy Takian
	Principal Executive Officer