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Morgan Stanley Investment Funds - stockselection

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The accompanying notes are an integral part of these financial statements.<br />

<strong>Morgan</strong> <strong>Stanley</strong> <strong>Investment</strong> <strong>Funds</strong> 30 June 2009 140<br />

Statement of changes in number of shares (continued)<br />

For the period ended 30 June 2009<br />

Diversified FX Alpha Plus FX Alpha Plus FX Alpha Plus FX Alpha Plus<br />

Alpha Plus Global Commodities RC 200 RC 200 RC 200 RC 400<br />

VaR 800 (Euro) Diversified Active GSLE (Euro) (Sterling) (US Dollar) (Euro)<br />

Fund (Euro) Fund (1) Fund (2) Fund Fund (3) Fund (4) Fund<br />

EUR EUR USD EUR GBP USD EUR<br />

Share Class ZHX (EUR)<br />

Shares at the start of the period - - - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - - - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class ZHX (GBP)<br />

Shares at the start of the period - - 94,357 - - - -<br />

Number of shares issued - - 485,582 - - - 431,087<br />

Number of shares redeemed - - (48,848) - - - (6,304)<br />

Shares at the end of the period - - 531,091 - - - 424,783<br />

Share Class AH (NOK)<br />

Shares at the start of the period - - - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - - - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class AH (SEK)<br />

Shares at the start of the period - - - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - - - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class IH (USD)<br />

Shares at the start of the period - 35,391 - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - (35,391) - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class AH (USD)<br />

Shares at the start of the period - 160,646 - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - (160,646) - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class AHX (USD)<br />

Shares at the start of the period - - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - - - - - - -<br />

Shares at the end of the period - - - - - - -<br />

Share Class BH (USD)<br />

Shares at the start of the period - 187,116 - - - - -<br />

Number of shares issued - - - - - - -<br />

Number of shares redeemed - (187,116) - - - - -<br />

Shares at the end of the period - - - - - - -<br />

(1) Fund merged with Diversified Alpha Plus VaR 400 (Euro) Fund on 20 March 2009.<br />

(2) Name changed from Commodities Alpha Plus Fund on 6 March 2009.<br />

(3) Shareholders of this Fund were compulsorily redeemed on 3 April 2009.<br />

(4) Fund merged with FX Alpha Plus RC 400 (US Dollar) Fund on 3 April 2009.

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