Morgan Stanley Institutional Liquidity Funds

Fund Fact Sheets | Holdings | Monthly Commentary | Profiles Resources | Updates

Fund Fact Sheets

Government Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Institutional Class		Service Class

Government Securities Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Institutional Class		Service Class

Money Market Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Cash Management Class		Service Class
	Institutional Class

Prime Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Institutional Class		Service Class

Tax Exempt Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Cash Management Class		Service Class
	Institutional Class

Treasury Portfolio

	Administrative Class		Investor Class
	Advisory Class		Participant Class
	Cash Management Class		Service Class
	Institutional Class

Holdings

	Government Portfolio
	Government Securities Portfolio
	Money Market Portfolio
	Prime Portfolio
	Tax Exempt Portfolio
	Treasury Portfolio

Monthly Commentary

	June 2008

Profiles

	Government Portfolio
	Government Securities Portfolio
	Money Market Portfolio
	Prime Portfolio
	Tax Exempt Portfolio
	Treasury Portfolio

Resources

	Institutional Liquidity Funds Matrix
	Institutional Liquidity Funds Quick Reference Card

Updates

	July 7, 2008 - Institutional Liquidity Update
	February 14, 2008 - Institutional Liquidity Update
	December 21, 2007 - Institutional Liquidity Update
	December 04, 2007 - Institutional Liquidity Update
	October 24, 2007 - Institutional Liquidity Update
	August 20, 2007 - MSIM Money Market Update
	August 13, 2007 - Money Fund Commentary

For More Information
For additional information on the Morgan Stanley Institutional Liquidity Funds, please click here or call 1-888-378-1630.

The views and opinions expressed are those of the authors at the time of this writing and are subject to change based on market and other conditions.

An investment in the Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government Agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. To obtain a prospectus, please call 1.888.378.1630 or download one at morganstanley.com/im. Please read the prospectus carefully before investing.

Morgan Stanley Distribution, Inc. serves as distributor for the Morgan Stanley Institutional Liquidity Funds.

THIS MATERIAL IS PREPARED FOR INSTITUTIONAL INVESTOR USE ONLY.