Morgan Stanley Emerging Markets Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund�s investment objective is long-term capital appreciation through investments primarily in emerging country equity securities. The Fund invests in various industries, including commercial banks, energy equipment and services, airlines, electric utilities, household durables, media, metals and mining, multi-line retail, personal products, computers and peripherals, construction and engineering, insurance, marine, wireless telecommunication services, and oil, gas and consumable fuels. Morgan Stanley Investment Management Inc. (MS Investment Management) provides investment advisory services to the Fund. The Fund�s sub-advisors are Morgan Stanley Investment Management Company and Morgan Stanley Investment Management Limited.