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Marianne Hay's Portfolio

Managing Director, Morgan Stanley Emerging Markets Fund


COMPANY            PRICE (AS OF DEC. 17)
TELEBRAS (BRAZIL)       $73.63*
ELETROBRAS (BRAZIL)      16.63*
HDFC (INDIA)             63.65
PAKISTAN TELECOM         0.67
EREGLI (TURKEY)          0.11
UNIFIED ENERGY (RUSSIA)  0.08
SURGUTNEFTEGAS (RUSSIA)  0.40
EASTERN TOBACCO (EGYPT)  0.40
HELWAN CEMENT (EGYPT)    0.40
SASOL (S. AFRICA)        11.25*

*American depositary receipt
DATA: MORGAN STANLEY ASSET MANAGEMENT LTD.





Updated June 13, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.
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