EX-99.77O RULE 10F-3 3 tenfthreea.txt 10F-3 TRANSACTIONS MORGAN STANLEY INSTITUTIONAL FUNDS Rule 10f-3 Transactions (Purchase of Securities by Portfolio From an Underwriting Syndicate in which an Affiliate is a Member) (1) "July 1, 2003 - September 30, 2003" AMT OF PARTICIPATING TRADE PRICE/ SHARES/ PURC'D OFFER % UNDERWRITING PORT(s) DATE SHARE(2) PAR AMT FROM (000) UW Packaging Corp. MSIFT Balanced 7/15/03 99.14 60,000 Citi$39,657,200 0.000% of America MSIFT Core Plus7/15/03 99.14 2,200,000 Citi 0.006% due 5.75% UIF Core Plus 7/15/03 99.14 210,000 Citi 0.001% 8/1/13 2,470,000 0.007% UFJ Finance MSIFT Balanced 7/18/03 99.54 155,000 ML $124,422,500 0.000% Aruba AEC MSIFT Core Plus7/18/03 99.54 5,865,000 ML 0.005% due 6.75% MSIFT Investment Grade7/18/03 99.54 980,000 ML 0.001% 7/15/13 MSIFT Limited Dur7/18/0399.54 990,000 ML 0.001% MSIFT Intermediate Dur7/18/03 99.54 210,000 ML 0.000% UIF Core Plus 7/18/03 99.54 555,000 ML 0.000% 8,755,000 0.007% iPass, Inc. MSIF Equity Growth7/23/0314.00 4,100 PCS * $98,000 0.059% MSIF Focus Equity7/23/0314.00 400 PCS * 0.006% MSIF Small Co Growth7/23/0314.00 2,500 PCS * 0.036% MSIF Technology 7/23/03 14.00 100 PCS * 0.001% MSIFT Balanced 7/23/03 14.00 200 PCS * 0.003% MSIFT Small Cap Growth7/23/0314.00 600 PCS * 0.009% UIF Equity Growth7/23/0314.00 600 PCS * 0.009% UIF Technology 7/23/03 14.00 200 PCS * 0.003% UIF Mid Cap Growth7/23/0314.00 300 PCS * 0.004% 9,000 0.130% Seagate MSIFT Mid Cap Growth7/24/0318.75 86,800 ML **$1,125,000 0.145% Technology UIF Mid Cap Growth7/24/0318.75 4,700 ML ** 0.008% 91,500 0.153% Eircom MS Global Op Bond Fund7/29/03100.00 50,000 DB $25,000,000 0.000% Funding MS High Yield Fund7/29/03100.00 300,000 DB 0.001% due 8.25% MSIFT High Yield7/29/03 100.00 1,000,000 DB 0.004% 8/15/13 UIF High Yield 7/29/03 100.00 160,000 DB 0.001% 1,510,000 0.006% Graphic MS Global Op Bond Fund8/1/03100.00 115,000 GS $42,500,000 0.000% Packaging MS High Yield Fund8/1/03100.00 665,000 GS 0.002% International MSIFT High Yield8/1/03 100.00 1,365,000 GS 0.003% due 9.5% UIF High Yield 8/1/03 100.00 355,000 GS 0.001% 8/15/13 2,500,000 0.006% Dynegy Holdings,MS Global Op Bond Fund8/1/0399.37 60,000 CSFB$52,169,775 0.000% Inc.due 9.875 MS High Yield Fund8/1/0399.37 335,000 CSFB 0.001% 7/15/10 MSIFT High Yield8/1/03 99.37 635,000 CSFB 0.001% UIF High Yield 8/1/03 99.37 225,000 CSFB 0.000% 1,255,000 0.002% Miller Brewing MSIFT Balanced 8/6/03 99.66 105,000 Bar $59,794,200 0.000% Co. due 4.25% MSIFT Core Plus 8/6/03 99.66 4,000,000 Bar 0.007% 8/15/08 MSIFT Intermediate Dur8/6/0399.66 140,000 Bar 0.000% MSIFT Investment Grade8/6/0399.66 660,000 Bar 0.001% MSIFT Limited Dur8/6/03 99.66 690,000 Bar 0.001% UIF Core Plus 8/6/03 99.66 375,000 Bar 0.001% 5,970,000 0.010% Amli MSIF US Real Estate8/7/0324.40 19,000 LM $51,240 0.905% Residential UIF US Real Estate8/7/0324.40 13,600 LM 0.648% Properties 32,600 1.553% Avalonbay MSIF US Real Estate8/12/0346.00 14,400 LM $126,500 0.524% Communities,Inc.UIF US Real Estate8/12/0346.00 10,400 LM 0.378% 24,800 0.902% Amphenol Corp. MSIF Equity Growth8/15/0350.00 32,900 ML $435,000 0.378% MSIF Small Co Growth8/15/0350.00 8,000 ML 0.092% MSIF Technology 8/15/03 50.00 1,100 ML 0.013% MSIFT Balanced 8/15/03 50.00 1,600 ML 0.018% MSIFT Mid Cap Growth8/15/0350.00 18,800 ML 0.216% MSIFT Small Cap Growth8/15/0350.00 1,700 ML 0.020% UIF Equity Growth8/15/0350.00 4,500 ML 0.052% UIF Mid Cap Growth8/15/0350.00 1,100 ML 0.013% UIF Small Co Growth8/15/0350.00 100 ML 0.001% UIF Technology 8/15/03 50.00 1,400 ML 0.016% 71,200 0.819% Carolina Power MSIFT US Core Plus9/8/0399.11 490,000 JPM $400,000 0.123% and Light MSIFT Intermediate Dur9/8/0399.11 185,000 JPM 0.046% due 5.125% MSIFT Investment Grade9/8/0399.11 850,000 JPM 0.213% 9/15/13 1,525,000 0.381% MGM Mirage MS Global Op Bond Fund9/11/03100.00 140,000 BOA $600,000 0.023% Inc. due 6.00% MS High Yield Fund9/11/03100.00 395,000 BOA 0.066% 10/1/09 MSIFT High Yield9/11/03 100.00 2,515,000 BOA 0.419% UIF High Yield 9/11/03 100.00 430,000 BOA 0.072% 3,480,000 0.580% FirstEnergy MSIFT US Mid Cap Val9/12/0330.00 18,100 Citi $840,000 0.065% Corp. UIF Equity and Income9/12/0330.00 2,400 Citi 0.009% UIF US Mid Cap Val9/12/0330.00 7,000 Citi 0.025% 27,500 0.099% St. Joe Co. MSIF US Real Estate9/16/0331.50 67,500 RJ $283,500 0.750% UIF US Real Estate9/16/0331.50 45,700 RJ 0.508% 113,200 1.258% Accenture Ltd. MSIF Equity Growth9/23/0321.00 97,650 DB $1,722,000 0.119% UIF Equity Growth9/23/0321.00 13,550 DB 0.017% 111,200 0.136% Journal MSIFT Strategic Small Val9/23/0315.00 3,800 RB $108,750 0.052% Communications MSIFT US Mid Cap Val9/23/0315.00 39,200 RB 0.541% MSIFT US Small Cap Val9/23/0315.00 43,800 RB 0.604% UIF US Mid Cap Val9/23/0315.00 15,200 RB 0.210% 102,000 1.407% Trac-X EM Ltd.UIF Emerging Markets Debt9/29/0399.55 2,250,000 JPM$400,000 0.563% Due 6.5% 12/20/08 * iPass was purchased by multiple brokers. In addition to Pacific Crest Securities, shares were purchased from: SG Cowen, CSFB, RBC Capita Markets & Thomas Weisel Partners. ** Seagate was purchased by multiple brokers. In addition to Merrill Lynch, shared were purchased from: Goldman Sachs, Lehman Brothers, Citigroup, Needham, JP Morgan, Thomas Weisel Partners, Hoefner & Arnett, Blaylocks, Pacific Growth Securities, Bear Sterns, and A. G. Edwards. (1) All transactions were completed in accordance with Rule 10f-3 and Board approved Rule 10f-3 procedures. (2) All prices in U.S. Dollar unless otherwise noted Bank of America - "BOA" Barclays - "Bar" Citigroup - "Citi" Credit Suisse First Boston - "CSFB" Deutsche Bank - "DB" Goldman Sachs - "GS" JP Morgan - "JPM" Legg Mason - "LM" Merrill Lynch - "ML" Pacific Crest Securities - "PCS" Raymond James - "RJ" Robert Baird - "RB" Morgan Stanley Closed End Institutional Funds ("MS") Morgan Stanley Institutional Fund, Inc. ("MSIF") Morgan Stanley Institutional Fund Trust ("MSIFT") The Universal Institutional Funds, Inc. ("UIF")