Morgan Stanley Global Utilities Fund N-SAR 811-07119 Exhibit 77CMorgan Stanley Global Utilities Fund • October 30th, 2006
On February 6, 2006, the Board of Trustees of the Fund approved an Agreement and Plan of Reorganization by and between the Fund and Morgan Stanley Utilities Fund ("Utilities"), pursuant to which substantially all of the assets of the Fund would be combined with those of Utilities and shareholders of the Fund would become shareholders of Utilities, receiving shares of Utilities equal to the value of their holdings in the Fund (the "Reorganization"). Each shareholder of the Fund will receive the Class of shares of Utilities that corresponds to the Class of shares of the Fund currently held by that shareholder. The Reorganization is subject to the approval of shareholders of the Fund at a special meeting of shareholders originally scheduled to be held on July 17, 2006, but which has subsequently been adjourned several times, most recently to October 30, 2006, because the Fund failed to obtain the quorum necessary in order to hold the prior meetings.
