Anlageziel Morgan Stanley Liquidity Funds US Dollar Treasury Liquidity Fund Institutional Fonds

The Fund's investment objective is to provide liquidity and an attractive rate of income relative to short term interest rates, to the extent consistent with the preservation of capital. The Fund will seek to achieve its investment objective primarily by investing its assets in high quality short-term Money Market Instruments comprising transferable debt securities issued by the United States Government (which may include by way of example treasury bills and notes) and reverse repurchase agreements for efficient portfolio management purposes secured by debt securities issued by the United States Government.