Morgan Stanley Eastern Europe Fund, Inc. (NYSE: RNE) declared today a mid-year dividend of $0.7910 per share of short-term capital gains and $0.8813 per share of long-term capital gains.

RECORD DATE

PAYABLE DATE

06/29/07  7/13/07 
 
For more information about this dividend, contact: Mark Kucera, JPMorgan Investor Services
Phone Number: (617) 557-8844

Morgan Stanley Eastern Europe 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 Eastern European country issuers and in debt securities issued or guaranteed by Eastern European country governments or governmental entities.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and approximately $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.

For Morgan Stanley Eastern Europe Fund, Inc.
888-378-1568