Document ID: SEC-2011-0424-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration
Posted Date: 2011-03-31T04:00Z

[Federal Register: March 31, 2011 (Volume 76, Number 62)]
[Notices]               
[Page 17971-17972]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr31mr11-104]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-29618]

 
Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

March 25, 2011.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
March 2011. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or an applicant 
using the Company name box, at http://www.sec.gov/search/search.htm or 
by calling (202) 551-8090. An order granting each application will be 
issued unless the SEC orders a hearing. Interested persons may request 
a hearing on any application by writing to the SEC's Secretary at the 
address below and serving the relevant applicant with a copy of the 
request, personally or by mail. Hearing requests should be received by 
the SEC by 5:30 p.m. on April 19, 2011, and should be accompanied by 
proof of service on the applicant, in the form of an affidavit or, for 
lawyers, a certificate of service. Hearing requests should state the 
nature of the writer's interest, the reason for the request, and the 
issues contested. Persons who wish to be notified of a hearing may 
request notification by writing to the Secretary, U.S. Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT: Diane L. Titus at (202) 551-6810, SEC, 
Division of Investment Management, Office of Investment Company 
Regulation, 100 F Street, NE., Washington, DC 20549-4041.

Morgan Stanley Dividend Growth Securities Inc. [File No. 811-3128]; 
Morgan Stanley California Tax-Free Income Fund [File No. 811-4020]; 
Morgan Stanley New York Tax-Free Income Fund [File No. 811-4222]; 
Morgan Stanley Equally-Weighted S&P 500 Fund [File No. 811-5181]; 
Morgan Stanley Balanced Fund [File No. 811-7245]; Morgan Stanley S&P 
500 Index Fund [File No. 811-8265]; Morgan Stanley Fundamental Value 
Fund [File No. 811-21160]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On June 1, 2010, each applicant 
transferred its assets to a corresponding series of AIM Counselor 
Series Trust, based on net asset value. Expenses of approximately 
$1,244,560, $93,704, $73,457, $566,552, $151,484, $434,071, and 
$92,108, respectively, incurred in connection with the reorganizations 
were paid by Morgan Stanley Investment Advisors Inc., applicants' 
investment adviser, and Invesco Advisers, Inc.
    Filing Date: The applications were filed on March 4, 2011.
    Applicants' Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

Morgan Stanley Pacific Growth Fund Inc. [File No. 811-6121]; Morgan 
Stanley Health Sciences Trust [File No. 811-6683]; Morgan Stanley 
Global Dividend Growth Securities [File No. 811-7548]; Morgan Stanley 
Global Advantage Fund [File No. 811-8455]; Morgan Stanley FX Series 
Funds [File No. 811-22020]; Morgan Stanley Series Funds [File No. 811-
22075]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On June 1, 2010, each applicant 
transferred its assets to a corresponding series of AIM Investment 
Funds, based on net asset value. Expenses of approximately $183,371, 
$191,468, $410,968, $186,821, $151,617, and $203,843, respectively, 
incurred in connection with the reorganizations were paid by Morgan 
Stanley Investment Advisors Inc., applicants' investment adviser, and 
Invesco Advisers, Inc.
    Filing Date: The applications were filed on March 4, 2011.
    Applicants' Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

[[Page 17972]]

Morgan Stanley Special Value Fund [File No. 811-7683]; Morgan Stanley 
Value Fund [File No. 811-8861]; Morgan Stanley Technology Fund [File 
No. 811-8916]; Morgan Stanley Mid-Cap Value Fund [File No. 811-10359]; 
Morgan Stanley Small-Mid Special Value Fund [File No. 811-21042]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On June 1, 2010, each applicant 
transferred its assets to a corresponding series of AIM Sector Funds, 
based on net asset value. Expenses of approximately $232,421, $154,029, 
$396,121, $182,975, and $153,105, respectively, incurred in connection 
with the reorganizations were paid by Morgan Stanley Investment 
Advisors Inc., applicants' investment adviser, and Invesco Advisers, 
Inc.
    Filing Date: The applications were filed on March 4, 2011.
    Applicants' Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

Morgan Stanley Tax-Exempt Securities Trust [File No. 811-2979]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 1, 2010, applicant transferred its 
assets to Invesco Tax-Exempt Securities Fund, a series of AIM Tax-
Exempt Funds, based on net asset value. Expenses of approximately 
$274,002 incurred in connection with the reorganization were paid by 
Morgan Stanley Investment Advisors Inc., applicant's investment 
adviser, and Invesco Advisers, Inc.
    Filing Date: The application was filed on March 4, 2011.
    Applicant's Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

Morgan Stanley Convertible Securities Trust [File No. 811-4310]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 1, 2010, applicant transferred its 
assets to Invesco Convertible Securities Fund, a series of AIM Growth 
Series, based on net asset value. Expenses of approximately $150,888 
incurred in connection with the reorganization were paid by Morgan 
Stanley Investment Advisors Inc., applicant's investment adviser, and 
Invesco Advisers, Inc.
    Filing Date: The application was filed on March 4, 2011.
    Applicant's Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

Morgan Stanley Natural Resource Development Securities Inc. [File No. 
811-3129]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On February 5, 2010, applicant transferred 
its assets to Morgan Stanley Commodities Alpha Fund, a series of Morgan 
Stanley Series Funds, based on net asset value. Expenses of 
approximately $248,780 incurred in connection with the reorganization 
were paid by applicant and Morgan Stanley Investment Advisors Inc., 
applicant's investment adviser.
    Filing Date: The application was filed on March 7, 2011.
    Applicant's Address: c/o Morgan Stanley Investment Advisors Inc., 
522 Fifth Ave., New York, NY 10036.

Man-Glenwood Lexington, LLC [File No. 811-21173]; Man-Glenwood 
Lexington TEI, LLC [File No. 811-21458]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. 
Applicants made a public offering of their securities from January 2003 
until September 2010 and from April 2004 until September 2010, 
respectively, at which time each applicant's board of managers 
determined to cease such offer. Each applicant conducted final investor 
repurchases and presently has fewer than one hundred investors. 
Applicants are not presently making an offering of securities and do 
not propose to make any offering of securities. Each applicant will 
continue to operate as a private investment fund in reliance on section 
3(c)(1) of the Act until final liquidation.
    Filing Date: The applications were filed on February 28, 2011.
    Applicants' Address: 1 Rockefeller Plaza, 16th Floor, New York, NY 
10020.

Man-Glenwood Lexington Associates Portfolio, LLC [File No. 811-21285]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
made a private offering of its securities to its feeder funds from 
January 2003 until September 2010, at which time applicant's board of 
managers determined to cease such offer. Applicant conducted final 
investor repurchases and presently has fewer than one hundred 
investors. Applicant is not presently making an offering of securities 
and does not propose to make any offering of securities. Applicant will 
continue to operate as a private investment fund in reliance on section 
3(c)(1) of the Act until final liquidation.
    Filing Date: The application was filed on February 28, 2011.
    Applicant's Address: 1 Rockefeller Plaza, 16th Floor, New York, NY 
10020.

Aetos Capital Opportunities Fund, LLC [File No. 811-21728]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
31, 2010, applicant transferred its assets to Aetos Capital Long/Short 
Strategies Fund, LLC, based on net asset value. Expenses of 
approximately $150,000 incurred in connection with the reorganization 
were paid by applicant.
    Filing Dates: The application was filed on February 4, 2011, and 
amended on March 23, 2011.
    Applicant's Address: c/o Aetos Capital, LLC, 875 Third Ave., New 
York, NY 10022.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
 Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-7516 Filed 3-30-11; 8:45 am]
BILLING CODE 8011-01-P