-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001415317-09-000007.txt : 20091103
<SEC-HEADER>0001415317-09-000007.hdr.sgml : 20091103
<ACCEPTANCE-DATETIME>20091103152215
ACCESSION NUMBER:		0001415317-09-000007
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20091103
DATE AS OF CHANGE:		20091103
EFFECTIVENESS DATE:		20091103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY GALAXY FUND
		CENTRAL INDEX KEY:			0001415317
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-109794
		FILM NUMBER:		091154289

	BUSINESS ADDRESS:	
		STREET 1:		6C, ROUTE DE TREVES
		CITY:			L-2633 SENNINGERBERG
		STATE:			N4
		ZIP:			000000
		BUSINESS PHONE:		352-346461

	MAIL ADDRESS:	
		STREET 1:		6C, ROUTE DE TREVES
		CITY:			L-2633 SENNINGERBERG
		STATE:			N4
		ZIP:			000000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Morgan Stanley Asset Management SA
		DATE OF NAME CHANGE:	20071016
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001415317</cik>
        <entityName>MORGAN STANLEY GALAXY FUND</entityName>
        <issuerAddress>
            <street1>6C, ROUTE DE TREVES</street1>
            <city>L-2633 SENNINGERBERG</city>
            <stateOrCountry>N4</stateOrCountry>
            <zipCode>000000</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>352-346461</issuerPhoneNumber>
        <jurisdictionOfInc>LUXEMBOURG</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Morgan Stanley Asset Management SA</previousName>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Fonds common du placement (contractual funds)</entityTypeOtherDesc>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <lastName>Morgan Stanley Investment Management Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>522 Fifth Avenue</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10036</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Issuer does not have directors.Listed in item 3 Continuation are directors of Morgan Stanley Asset Management S.A.,issuer's management company;these directors make decisions on behalf of issuer.The address of of the issuer is the same as management co.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <middleName>John</middleName>
                <lastName>Mack</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>25 Cabot Square</street1>
                <street2>Canary Wharf</street2>
                <city>London</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>E14 4QA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Laurence</firstName>
                <lastName>Magloire</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6B route de Treves</street1>
                <city>L-2633 Senningerberg</city>
                <stateOrCountry>N4</stateOrCountry>
                <zipCode>000000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <lastName>Jones</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Morgan Stanley Investment Mgt. S.A.</street1>
                <street2>6c, route de Treves</street2>
                <city>L-2633 Senningerberg</city>
                <stateOrCountry>N4</stateOrCountry>
                <zipCode>000000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Griffin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Morgan Stanley Investment Mgt Ltd.</street1>
                <street2>6c, route de Treves</street2>
                <city>L-2633 Senningerberg</city>
                <stateOrCountry>N4</stateOrCountry>
                <zipCode>000000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Over $100,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-045256</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-07-24</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>125000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Morgan Stanley &amp; Co. Inc.</recipientName>
                <recipientCRDNumber>8209</recipientCRDNumber>
                <associatedBDName>Morgan Stanley &amp; Co. Inc.</associatedBDName>
                <associatedBDCRDNumber>8209</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1585 Broadway</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10036</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>DC</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>KS</state>
                    <state>ME</state>
                    <state>MD</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>MO</state>
                    <state>NE</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>SC</state>
                    <state>TX</state>
                    <state>VA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>79457862</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Issuer is a continously offered investment fund</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Although the Investment Manager may pay third party distributors out of its own revenues for sales of shares of the Fund, the Fund itself does not pay sales commissions or finders fees.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Independent Directors each receive a fee of EUR25,000 per annum.  This is not linked to the size of the offering.  The Investment Adviser is entitled to receive an investment advisory fee as set out in the prospectus.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MORGAN STANLEY GALAXY FUND</issuerName>
                <signatureName>Andrew Mack</signatureName>
                <nameOfSigner>Andrew Mack</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2009-11-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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