<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>file001.txt
<DESCRIPTION>DEFINITIVE MATERIALS
<TEXT>

<PAGE>

                                                Filed Pursuant to Rule 497(e)
                                                Registration File No.: 3-95664




            SUPPLEMENT DATED OCTOBER 22, 2001 TO THE PROSPECTUS OF
                  MORGAN STANLEY NEW YORK TAX-FREE INCOME FUND
                            DATED FEBRUARY 27, 2001



     The second paragraph under the section of the Prospectus titled "FUND
MANAGEMENT" is hereby replaced by the following:

     The Fund is managed by the Municipal Fixed-Income team. Current members of
     the team managing the Fund's portfolio include Timothy Haney, a Vice
     President of the Investment Manager, Dennis Pietrzak, an Executive Director
     of the Investment Manager, and Joseph R. Arcieri, an Executive Director of
     the Investment Manager.



</TEXT>
</DOCUMENT>