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Morgan Stanley Asia-Pacific Fund, Inc. Declares A Distribution

    NEW YORK, June 21 /PRNewswire-FirstCall/ -- Morgan Stanley Asia-Pacific
Fund, Inc. (NYSE: APF) has declared a mid-year distribution of $.0121 per
share of net investment income.

                 RECORD DATE      PAYABLE DATE

                   6/30/04          7/15/04


    Contact:

     For further information, please contact:
     Mark Kucera, JPMorgan Investor Services
     Phone Number: (617) 557-8844

     For media inquiries only, please contact:
     Chad Peterson, Morgan Stanley Investment Management
     Phone Number: (212) 762-9612


SOURCE Morgan Stanley Asia-Pacific Fund, Inc.




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CONTACT:
Mark Kucera of JPMorgan Investor Services,
+1-617-557-8844; or For media inquiries only, please contact:
Chad Peterson of Morgan Stanley Investment Management,
+1-212-762-9612