UNITED STATES
                             SECURITIES AND EXCHANGE
                                   COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                          MANAGEMENT INVESTMENT COMPANY

INVESTMENT COMPANY ACT FILE NUMBER 811-02932

                    MORGAN STANLEY HIGH YIELD SECURITIES INC.
               (Exact name of registrant as specified in charter)


                                                                   
  522 Fifth Avenue, New York, New York                                   10036
(Address of principal executive offices)                              (Zip code)


                               Amy Doberman, Esq.
                                Managing Director
                     Morgan Stanley Investment Advisors Inc.
                                522 Fifth Avenue
                            New York, New York 10036
                     (Name and address of agent for service)

Registrant's telephone number, including area code: 800-869-6397

Date of fiscal year end: 8/31

Date of reporting period: 7/1/07 -- 6/30/08



******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-02932
Reporting Period: 07/01/2007 - 06/30/2008
Morgan Stanley High Yield Securities Inc

================== MORGAN STANLEY HIGH YIELD SECURITIES INC. ===================

NEON COMMUNICATIONS GROUP INC

Ticker:       GBIXQ          Security ID:  64050T101
Meeting Date: NOV 6, 2007    Meeting Type: Special
Record Date:  SEP 28, 2007



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management
3     Other Business                            For       Against    Management


- --------------------------------------------------------------------------------
PNM RESOURCES INC

Ticker:       PNM            Security ID:  69349H107
Meeting Date: MAY 28, 2008   Meeting Type: Annual
Record Date:  APR 8, 2008



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1.1   Elect Director Adelmo E. Archuleta        For       For        Management
1.2   Elect Director Julie A. Dobson            For       For        Management
1.3   Elect Director Woody L. Hunt              For       For        Management
1.4   Elect Director Robert R. Nordhaus         For       For        Management
1.5   Elect Director Manuel T. Pacheco          For       For        Management
1.6   Elect Director Robert M. Price            For       For        Management
1.7   Elect Director Bonnie S. Reitz            For       For        Management
1.8   Elect Director Jeffry E. Sterba           For       For        Management
1.9   Elect Director Joan B. Woodard            For       For        Management
2     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management




- --------------------------------------------------------------------------------
USA MOBILITY INC

Ticker:       USMO           Security ID:  90341G103
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:  MAR 20, 2008



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1.1   Elect Director Nicholas A. Gallopo        For       Withhold   Management
1.2   Elect Director Vincent D. Kelly           For       For        Management
1.3   Elect Director Brian O'Reilly             For       For        Management
1.4   Elect Director Matthew Oristano           For       For        Management
1.5   Elect Director Thomas L. Schilling        For       Withhold   Management
1.6   Elect Director Samme L. Thompson          For       For        Management
1.7   Elect Director Royce Yudkoff              For       For        Management
2     Ratify Auditors                           For       For        Management


- --------------------------------------------------------------------------------
VIATEL HOLDING (BERMUDA) LIMITED

Ticker:       VTLAF          Security ID:  G93447103
Meeting Date: DEC 5, 2007    Meeting Type: Annual
Record Date:  NOV 1, 2007



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1     THE AUDITORS REPORT AND FINANCIAL         For       For        Management
      STATEMENTS FOR THE YEAR ENDED 31 DECEMBER
      2006 BE AND ARE HEREBY RECEIVED.
2     Ratify Auditors                           For       For        Management
3     THE BOARD OF DIRECTORS BE AND ARE HEREBY  For       For        Management
      AUTHORISED TO DETERMINE THE REMUNERATION
      OF THE AUDITORS TO THE COMPANY.
4     DENNIS BELCHER BE HEREBY ELECTED AS       For       For        Management
      DIRECTOR TO SERVE UNTIL THE ANNUAL
      GENERAL MEETING OR UNTIL HIS SUCCESSOR IS
      APPOINTED.
5     DIDIER DELEPINE BE HEREBY ELECTED AS      For       For        Management
      DIRECTOR TO SERVE UNTIL THE ANNUAL
      GENERAL MEETING OR UNTIL HIS SUCCESSOR IS
      APPOINTED.
6     THOMAS DOSTER BE HEREBY ELECTED AS        For       For        Management
      DIRECTOR TO SERVE UNTIL THE ANNUAL
      GENERAL MEETING OR UNTIL HIS SUCCESSOR IS
      APPOINTED.
7     LESLIE GOODMAN BE HEREBY ELECTED AS       For       For        Management
      DIRECTOR TO SERVE UNTIL THE ANNUAL
      GENERAL MEETING OR UNTIL HIS SUCCESSOR IS
      APPOINTED.
8     KEVIN POWER BE HEREBY ELECTED AS DIRECTOR For       For        Management
      TO SERVE UNTIL THE ANNUAL GENERAL MEETING
      OR UNTIL HIS SUCCESSOR IS APPOINTED.
9     LUCY WOODS BE HEREBY ELECTED AS DIRECTOR  For       For        Management
      TO SERVE UNTIL THE ANNUAL GENERAL MEETING
      OR UNTIL HIS SUCCESSOR IS APPOINTED.




- --------------------------------------------------------------------------------
VIATEL HOLDING (BERMUDA) LIMITED

Ticker:       VTLAF          Security ID:  G93447103
Meeting Date: FEB 20, 2008   Meeting Type: Special
Record Date:  JAN 25, 2008



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1     APPROVE 1: 300 REVERSE STOCK SPLIT        For       For        Management
2     THAT THE BYE-LAWS OF THE COMPANY SHALL BE For       For        Management
      AND ARE HEREBY AMENDED IN THE MANNER SET
      OUT UNDER THE HEADING  RESTRICTIONS ON
      TRANSFER  IN THE SCHEDULE TO THE NOTICE
      OF SPECIAL GENERAL MEETING.
3     THAT THE BYE-LAWS OF THE COMPANY SHALL BE For       For        Management
      AND ARE HEREBY AMENDED IN THE MANNER SET
      OUT UNDER THE HEADING  ELECTRONIC
      DELIVERY OF DOCUMENTS  IN THE SCHEDULE TO
      THE NOTICE OF SPECIAL GENERAL MEETING.


- --------------------------------------------------------------------------------
XO HOLDINGS, INC.

Ticker:       XOHO           Security ID:  98417K106
Meeting Date: JUN 24, 2008   Meeting Type: Annual
Record Date:  APR 28, 2008



#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
- ----- ----------------------------------------- --------- ---------- -----------
                                                         
1.1   Elect Director Carl C. Icahn              For       Withhold   Management
1.2   Elect Director Carl J. Grivner            For       For        Management
1.3   Elect Director Peter K. Shea              For       For        Management
1.4   Elect Director Adam Dell                  For       For        Management
1.5   Elect Director Fredrik C. Gradin          For       For        Management
1.6   Elect Director Vincent J. Intrieri        For       For        Management
1.7   Elect Director Robert L. Knauss           For       For        Management
1.8   Elect Director Keith Meister              For       Withhold   Management


========== END NPX REPORT


                                   SIGNATURES

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant): Morgan Stanley High Yield Securities Inc.

By (Signature and Title):


/s/ Ronald E. Robison
- ------------------------------------
President and Principal Executive
Officer -- Office of the Funds

Date August 28, 2008


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