MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Investment Management today announced that Steven Kreider has been named Portfolio Manager for the Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB). The Morgan Stanley Global Opportunity Bond Fund, Inc. is managed by the Taxable Fixed Income team of Morgan Stanley Investment Management Inc. (the �Investment Adviser�). As portfolio manager, Mr. Kreider will have primary responsibility for the day-to-day management and the execution of the overall strategy of the Fund�s portfolio. Mr. Kreider, who succeeds Gordon Loery as Portfolio Manager of the Fund, has been associated with the Investment Adviser in an investment management capacity since 1988 and joined the team that manages the Fund in May 2007. 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 over 400 investment professionals around the world and $500 billion in assets under management or supervision as of February 28, 2007. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. 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 31 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.