Morgan Stanley's Latin America Research Team showed tremendous momentum in Institutional Investor's June 1998 research poll. Morgan Stanley moved from fourth position to third position in overall firm rank.

	Firm Rank		Total Positions
	1998	1997	1998	1997
Morgan Stanley	3	4	9	9

In 1998, Morgan Stanley accrued three more third-team positions and one additional second-team position than in 1997. Luiz Carvalho moved from runner-up to third team, and Julio Zamora made his first appearance in the poll with a third-team position in Retailing. Beverages, Food & Tobacco 1997 runner-up Loredana Serra catapulted into first-team and second-team positions, respectively, in Beverages and Food (which were split into separate sectors this year).

	First Team		Second Team		Third Team		Runners-Up
	1998	1997	1998	1997	1998	1997	1998	1997
Morgan Stanley	1	2	3	2	3	0	2	5

		Position
		1998	1997
Rafael Bello	Financial Institutions	R/U	R/U
Ernet (Chip) Brown and Team	Economics	3	2
Luiz Carvalho	Telecommunications	3	R/U
Robert J. Pelosky and Team	Equity Strategy	2	1
Hillary Kircher Peruzzi	Pulp & Paper	2	1
	Steel	R/U	2
Loredana Serra	Beverages*	1	R/U
	Food*	2
Julio Zamora	Retailing	3	Not Ranked

*Category Split in 1998