Schedule 14A Information required in proxy statement. Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities and Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Preliminary Additional Materials [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6 (e) (2) ) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to Section 240.149-11 (c) or Section 240.14 Morgan Stanley Balanced Growth Fund ------------------------------------------------ (Name of Registrant as Specified in its Charter) - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(j) (4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: Set forth the amount on which the filing fee is calculated and state how it was determined. 4) Proposed maximum aggregate value of transaction: 5) Fee previously paid: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a) (2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the datez of its filing. 1) Amount Previously paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed:
1221 Avenue of the Americas New York, New York 10020 [MORGAN STANLEY LOGO OMITTED] IMPORTANT NOTICE July 24, 2006 The Special Meeting of Shareholders (the "Meeting") of Morgan Stanley Balanced Income Fund (the "Fund") held on July 17, 2006, has been adjourned to solicit additional votes in connection with the proposal outlined in the Notice of Special Meeting of Shareholders previously mailed to you. The adjourned meeting will be held at 9:00 a.m. on August 23, 2006 at the offices of Morgan Stanley Investment Advisors Inc., 1221 Avenue of the Americas, 5th Floor, New York, NY. YOUR VOTE IS IMPORTANT AND YOUR PARTICIPATION IN THE AFFAIRS OF THE FUND DOES MAKE A DIFFERENCE. The purpose of the Meeting is for shareholders of the Fund to consider and vote upon the Agreement and Plan of Reorganization, as fully described in the Proxy Statement and Prospectus previously mailed to you. After careful consideration, the Board of Trustees of the Fund unanimously recommends that shareholders of the Fund approve the Agreement and Plan of Reorganization. Please join many of your fellow shareholders and cast your vote. To cast your vote, simply complete the enclosed proxy card and return it in the postage paid envelope provided. For your convenience, you may cast your vote via internet or by telephone. Instructions for casting your vote via the internet or telephone are printed on the enclosed proxy ballot. Additionally, the required control number for either of these methods is printed on the proxy card. If you choose to cast your vote via the internet or telephone, there is no need to mail the card. If you have any questions, please do not hesitate to contact us at 1-800-350-6414. We appreciate your careful and prompt consideration of this matter.