0001036050-99-001484 Sample Contracts

RECITALS
Investment Advisory Agreement • July 16th, 1999 • Morgan Stanley Universal Funds Inc

SUPPLEMENT (the "Supplement") TO INVESTMENT ADVISORY AGREEMENT dated as of May 31, 1997 by and between Morgan Stanley Universal Funds, Inc. (now known as Morgan Stanley Dean Witter Universal Funds, Inc.) (the "Fund") and Morgan Stanley Asset Management Inc. (now known as Morgan Stanley Dean Witter Investment Management Inc.) (the "Adviser") (the "Agreement").

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