Supplement to Investment Advisory Agreement Sample Contracts

RECITALS
Supplement to Investment Advisory Agreement • January 16th, 2003 • Universal Institutional 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 The Universal Institutional Funds, Inc.) (the "Fund") and Morgan Stanley Asset Management Inc. (now known as Morgan Stanley Investment Management Inc.) (the "Adviser") (the "Agreement").

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