Morgan Stqlty M Sec : Morgan Stanley Investment Management Releases Closed-End Fund Quarterly Portfolio Holdings Information

Morgan Stanley Investment Advisors Inc. announced that the complete holdings of the following funds are available on the funds' public web site at www.morganstanley.com/im: Morgan Stanley California Insured Municipal Income Trust (NYSE: IIC); Morgan Stanley California Quality Municipal Securities (NYSE: IQC); Morgan Stanley Government Income Trust (NYSE: GVT); Morgan Stanley Income Securities (NYSE: ICB); Morgan Stanley Insured California Municipal Securities (NYSE: ICS); Morgan Stanley Insured Municipal Income Trust (NYSE: IIM): Morgan Stanley Insured Municipal Bond Trust (NYSE: IMB); Morgan Stanley Insured Municipal Securities (NYSE: IMS): Morgan Stanley Insured Municipal Trust (NYSE: IMT); Morgan Stanley Municipal Income Opportunities Trust (NYSE: OIA); Morgan Stanley Municipal Income Opportunities Trust II (NYSE: OIB); Morgan Stanley Municipal Income Opportunities Trust III (NYSE: OIC); Morgan Stanley Municipal Premium Income Trust (NYSE: PIA); Morgan Stanley New York Quality Municipal Securities (NYSE: IQN); Morgan Stanley Quality Municipal Income Trust (NYSE: IQI); Morgan Stanley Quality Municipal Investment Trust (NYSE: IQT) and Morgan Stanley Quality Municipal Securities (NYSE: IQM).

The posting includes information relating to each of these fund's complete portfolio holdings for the quarter ended June 30, 2006. These funds intend to make their respective complete holdings information available approximately 30 calendar days following the end of the most recent quarter. You may obtain a hard copy of this report, and future quarterly reports as they become available, by either accessing the web site or calling the number below.

For more information call: 1-800-869-3863.

Investing involves risk and it is possible to lose money on any investment in the funds.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $440 billion in assets under management or supervision as of May 31, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.

Morgan Stanley (NYSE: MS) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.

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