The Latin American Discovery Fund, Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investments primarily in equity securities of Latin American issuers and by investing from time to time in debt securities issued or guaranteed by a Latin American Government or Governmental entity. The Fund's portfolio of investments include banks, multi-line retail, construction materials, food products, oil, gas and consumable fuels, industrial conglomerates and other. Morgan Stanley Investment Management Inc. serves as the Fund's advisor. Morgan Stanley Investment Management Limited serves as the Fund's sub-advisor.