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 811-05898 Morgan Stanley Prime Income Trust (Exact name of registrant as specified in charter) 522 Fifth Avenue, New York, New York 10036 (Address of principal executive offices) (Zip code) Stefanie V. Chang Yu, 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: 9/30 Date of reporting period: 7/1/09 - 5/31/10 ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-05898 Reporting Period: 07/01/2009 - 05/31/2010 Morgan Stanley Prime Income Trust ====================== MORGAN STANLEY PRIME INCOME TRUST ======================= WELLMAN HOLDINGS, INC. Ticker: WLM Security ID: 949700108 Meeting Date: DEC 9, 2009 Meeting Type: Annual Record Date: OCT 15, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mark J. Ruday For For Management 2 Elect Director Charles Macaluso For For Management 3 Elect Director Duncan H. Cocroft For For Management 4 Elect Director Kenneth A. Ghazey For For Management 5 Elect Director James D. Jackson For For Management 6 Director Linda Koffenberger For For Management - -------------------------------------------------------------------------------- WELLMAN HOLDINGS, INC. Ticker: WLM Security ID: 949700AA6 Meeting Date: DEC 9, 2009 Meeting Type: Annual Record Date: OCT 15, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director Charles Macaluso For For Management 2 Elect Director Duncan H. Cocroft For For Management 3 Elect Director Kenneth A. Ghazey For For Management 4 Elect Director James D. Jackson For For Management 5 Elect Director Linda Koffenberger For For Management 6 Elect Director Ari M. Chaney For For 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 Prime Income Trust By (Signature and Title)* /s/ Randy Takian ----------------------------------------- Randy Takian President and Principal Executive Officer Date August 25, 2010 * Print the name and title of each signing officer under his or her signature.