The Turkish Investment Fund, Inc. - Will Not Make a Mid-Year Distribution for 2006

Business Wire, June 21, 2006

NEW YORK -- The Board of Directors of The Turkish Investment Fund, Inc. (NYSE:TKF) has determined that there was insufficient net investment income and net realized gains to declare a 2006 mid-year distribution.

The Turkish Investment Fund, Inc. (the "Fund"), advised by Morgan Stanley Investment Management Inc., is a closed-end management investment company seeking to achieve long-term capital appreciation through investments primarily in equity securities of Turkish corporations.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $442 billion in assets under management or supervision as of February 28, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.

Morgan Stanley (NYSE: MS) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.