0000940180-99-000808 Sample Contracts

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MORGAN STANLEY MORGAN STANLEY ASSET MANAGEMENT INC. 1221 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10020 (212) 703-4000
Morgan Stanley High Yield Fund Inc • July 14th, 1999

Morgan Stanley Asset Management Inc. ("MSAM") agrees to purchase 7,093 shares of Common Stock, par value $.01 per share (the "Shares"), of the Fund at a price of $14.10 per share. MSAM shall tender to the Fund the amount of $100,000 in full payment for the Shares.

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