EX-99.77D POLICIES 3 iqt77d.htm

SUB-ITEM 77(d)

MORGAN STANLEY QUALITY MUNICIPAL INVESTMENT TRUST


As approved by the Board of Trustees, Quality Municipal Investment Trust may
invest up to 20% of its net assets in taxable or tax-exempt fixed income
securities rated at least investment grade by Moody's Investors Service, Inc.,
Standard & Poor's or another nationally recognized statistical rating
organization or, if not rated, determined by the Investment Adviser to be of
comparable quality, including municipal obligations, obligations of the U.S.
government, its respective agencies or instrumentalities, and other fixed income
obligations, and, during periods in which the Investment Adviser believes that
changes in economic, financial or political conditions make it advisable to do
so, to an unlimited extent in such investments for temporary defensive purposes.