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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 142<br />

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

For the period ended 30 June 2009<br />

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

RC 400 RC 400 RC 800 RC 800 RC 800<br />

(Sterling) (US Dollar) (Euro) (Sterling) (US Dollar)<br />

Fund Fund Fund Fund Fund (1)<br />

GBP USD EUR GBP USD<br />

Share Class NX<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 S<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 Z<br />

Shares at the start of the period - - - 253,843 -<br />

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

Number of shares redeemed - - - (68,225) -<br />

Shares at the end of the period - - - 185,618 -<br />

Share Class ZX<br />

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

Number of shares issued 553,874 - - - -<br />

Number of shares redeemed (354,378) - - - -<br />

Shares at the end of the period 199,496 - - - -<br />

Share Class IH (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 AH (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 BH (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 CH (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 ZH (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 />

(1) Fund merged with FX Alpha Plus RC 800 (Sterling) Fund on 3 April 2009.

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