CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Proxy Statement and
Prospectus and the Statement of Additional Information, constituting parts of
this Registration Statement to be filed on or about August 1, 2003 in Form N-14
("N-14 Registration Statement") of Morgan Stanley Developing Growth Securities
Trust, of our report dated November 8, 2002 relating to the September 30, 2002
financial statements of Morgan Stanley Developing Growth Securities Trust and
our report dated October 8, 2002 relating to the August 31, 2002 financial
statements of Morgan Stanley New Discoveries Fund. We also consent to the
references to us under the headings "Financial Statements and Experts" in the
Proxy Statement and Prospectus which is part of the N-14 Registration Statement
and to the references to us under the headings "Financial Highlights,"
"Custodian and Independent Auditors" and "Experts" in each Fund's Prospectus and
Statement of Additional Information dated November 29, 2002 for Morgan Stanley
Developing Growth Securities Trust and October 31, 2002 for Morgan Stanley New
Discoveries Fund, all of which are incorporated by reference in the N-14
Registration Statement.




Deloitte & Touche LLP
New York, New York
August 1, 2003