MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Investment Management today announced that Dennis M. Schaney has been named Portfolio Manager for the Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB). The Morgan Stanley Global Opportunity Bond Fund, Inc. (the �Fund�) is managed by the Emerging Markets Debt and Taxable High Yield teams of Morgan Stanley Investment Management Inc. (the �Investment Adviser�). Current members of the team jointly and primarily responsible for the day-to-day management of the Fund�s portfolio are Abigail L. McKenna, Eric Baurmeister and Dennis M. Schaney, each a Managing Director of the Investment Adviser, and Federico Kaune, an Executive Director of the Investment Adviser. Mr. Schaney has been associated with the Investment Adviser in an investment management capacity since September 2008 and began managing the Fund in October 2008. Prior to September 2008, Mr. Schaney served as Global Head of Fixed Income at Credit Suisse Asset Management from October 2003 to April 2007 and prior to that, he was Head of Leveraged Finance at BlackRock, Inc. from January 1998 to October 2003. The composition of the Fund�s portfolio management team may change without notice from time to time. Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1000 investment professionals around the world and approximately $570 billion in assets under management or supervision as of August 31, 2008. By leveraging�its global��community of boutiques� structure and�the strength of Morgan Stanley, MSIM�strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management�solutions to a diverse�client base, which includes governments, institutions, corporations and individuals�worldwide. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 35 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.