ITEM 77M: Mergers Morgan Stanley Limited Duration Fund On October 23, 2002, at a Special Meeting of Shareholders of Morgan Stanley North American Government Income Trust ("North American Government Income"), Shareholders of North American Government...Morgan Stanley Limited Duration Fund • December 20th, 2002
On October 23, 2002, at a Special Meeting of Shareholders of Morgan Stanley North American Government Income Trust ("North American Government Income"), Shareholders of North American Government Income approved an Agreement and Plan of Reorganization (the "Reorganization Agreement") between North American Government Income and Morgan Stanley Limited Duration Fund ("Limited Duration"), pursuant to which substantially all of the assets of North American Government Income would be combined with those of Limited Duration and shareholders of North American Government Income would become shareholders of Limited Duration receiving shares of Limited Duration with a value equal to the value of their holdings in North American Government Income (the "Reorganization"). The Reorganization Agreement was unanimously approved by the Board of Trustees on April 25, 2002.
