9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:27K Toppan Merrill/FA → Advantage Portfolio → Asia Opportunity Portfolio → Emerging Markets Leaders Portfolio → Emerging Markets Portfolio → Emerging Markets Small Cap Portfolio → Fundamental Multi-Cap Core Portfolio → Global Concentrated Portfolio → Global Core Portfolio → Global Discovery Portfolio → Global Franchise Portfolio → Global Infrastructure Portfolio → Global Insight Portfolio → Global Insight Portfolio Old → Global Opportunity Portfolio → Global Real Estate Portfolio → Global Sustain Portfolio → Growth Portfolio → Inception Portfolio → Insight Portfolio → International Advantage Portfolio → International Equity Portfolio → International Opportunity Portfolio → International Real Estate Portfolio → Next Gen Emerging Markets Portfolio → Passport Overseas Equity Portfolio → U.S. Real Estate Portfolio → US Core Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:13K Toppan Merrill/FA → Emerging Markets Fixed Income Opportunities Portfolio → Fundamental Multi-Cap Core Portfolio → Multi-Asset Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 485APOS¶ 3:1.6M Toppan Merrill/FA → Emerging Markets Breakout Nations Portfolio → ⇒ Class A ← EMAPX → ⇒ Class C ← EMCPX → ⇒ Class I ← EMIPX → ⇒ Class IS ← EMSPX 9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:33K Toppan Merrill/FA → Advantage Portfolio → Asia Opportunity Portfolio → Emerging Markets Leaders Portfolio → Emerging Markets Portfolio → Emerging Markets Small Cap Portfolio → Global Discovery Portfolio → Global Franchise Portfolio → Global Insight Portfolio → Global Insight Portfolio Old → Global Opportunity Portfolio → Global Sustain Portfolio → Insight Portfolio → International Advantage Portfolio → International Equity Portfolio → International Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:5K Toppan Merrill/FA → International Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:5K Toppan Merrill/FA → International Advantage Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:5K Toppan Merrill/FA → Asia Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:5K Toppan Merrill/FA → Global Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:7K Toppan Merrill/FA → Asia Opportunity Portfolio → Global Opportunity Portfolio → International Advantage Portfolio → International Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:67K Toppan Merrill/FA → Emerging Markets Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:82K Toppan Merrill/FA → Emerging Markets Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497K 9/29/16 1:8K Toppan Merrill/FA → Asia Opportunity Portfolio 9/29/16 Morgan Stanley Inst’l Fund Inc. 497 9/29/16 1:25K Toppan Merrill/FA → Asia Opportunity Portfolio