N-Q 1 y91077hnvq.htm FORM N-Q nvq
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-03031
Morgan Stanley Tax-Free Daily 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)
Kevin Klingert
522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)
Registrant’s telephone number, including area code: 212-296-6963
Date of fiscal year end: December 31, 2011
Date of reporting period: March 31, 2011
Item 1. Schedule of Investments.
The Fund’s schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
 
 

 

 

Morgan Stanley Tax-Free Daily Income Trust

Portfolio of Investments § March 31, 2011 (unaudited)
                                 
PRINCIPAL                        
AMOUNT IN         COUPON     DEMAND        
THOUSANDS         RATE (a)     DATE (b)     VALUE  
 
       
Tax-Exempt Short-Term Variable Rate Municipal Obligations (90.0%)
                        
       
Alaska
                        
$ 1,000    
Alaska Housing Finance Corporation, Home Mortgage Ser 2009 A
     0.20 %     04/07/11     $ 1,000,000  
       
 
                        
       
Arizona
                        
  1,000    
Arizona Health Facilities Authority, Banner Health Ser 2008 D ROCs II-R Ser 11687
     0.35       04/07/11       1,000,000  
       
 
                        
       
California
                        
  3,000    
California Statewide Communities Development Authority, Gas Supply Sacramento Municipal Utility District Ser 2010
     0.24       04/07/11       3,000,000  
  3,000    
RBC Municipal Products Trust Inc, Contra Costa Transportation Authority Sales Tax Ser 2010 Floater Certificates Ser E-17
     0.25       04/07/11       3,000,000  
       
 
                        
       
Colorado
                        
       
City of Colorado Springs,
                        
  2,255    
Utilities System Sub Lien Ser 2005 A
     0.25       04/07/11       2,255,000  
  2,990    
Utilities System Sub Lien Ser 2009 C
     0.24       04/07/11       2,990,000  
  1,095    
J P Morgan Chase & Co, Colorado TRANs Ser 2010 PUTTERs Ser 3890
     0.23       04/01/11       1,095,000  
  3,600    
Westminster Economic Development Authority, Tax Increment Mandalay Gardens Urban Renewal Ser 2009
     0.30       04/07/11       3,600,000  
       
 
                        
       
Delaware
                        
  2,425    
Delaware State Economic Development Authority, Archmere Academy Inc Ser 2006
     0.24       04/07/11       2,425,000  
       
 
                        
       
Florida
                        
       
City of Gainesville,
                        
  3,195    
Utilities System 2007 Ser A
     0.21       04/07/11       3,195,000  
  3,000    
Utilities System 2008 Ser B
     0.20       04/07/11       3,000,000  
  1,000    
Florida State Board Of Education, Capital Outlay Ser 2005 G ROCs II-R Ser 12017
     0.24       04/07/11       1,000,000  
       
Highlands County Health Facilities Authority,
                        
  3,300    
Adventist Health System/Sunbelt Obligated Group Ser 2003 C
     0.21       04/07/11       3,300,000  
  1,000    
Adventist Health System/Sunbelt Obligated Group Ser 2005 I
     0.21       04/07/11       1,000,000  
  1,000    
Adventist Health System/Sunbelt Obligated Group Ser 2005 I
     0.21       04/07/11       1,000,000  
  1,000    
Adventist Health System/Sunbelt Obligated Group Ser 2006 B-2
     0.22       04/07/11       1,000,000  
  3,000    
Adventist Health System/Sunbelt Obligated Group Ser 2007 A-2
     0.21       04/07/11       3,000,000  
  1,840    
Adventist Health System/Sunbelt Obligated Group Ser 2009 B
     0.22       04/07/11       1,840,000  
  1,500    
Adventist Health System/Sunbelt Obligated Group Ser 2009 D
     0.22       04/07/11       1,500,000  
  1,500    
Palm Beach County Solid Waste Authority, Improvement Ser 2010
     1.00       01/12/12       1,508,888  
  1,000    
Pinellas County Health Facilities Authority, Baycare Health System Ser 2009 A-2
     0.25       04/07/11       1,000,000  
       
 
                        
       
Georgia
                        
  1,000    
Main Street Natural Gas Inc, Gas Ser 2010 A
     0.25       04/07/11       1,000,000  
       
 
                        
       
Illinois
                        
  1,600    
Cook County, Ser 2002 B
     0.26       04/07/11       1,600,000  
  1,000    
Illinois Finance Authority, Advocate Health Care Network Ser 2008 Subser A-1
     0.48       02/01/12       1,000,000  
       
 
                        
       
Indiana
                        
       
Indiana Finance Authority,
                        

 

 

Morgan Stanley Tax-Free Daily Income Trust

Portfolio of Investments § March 31, 2011 (unaudited) continued
                                 
PRINCIPAL                        
AMOUNT IN         COUPON     DEMAND        
THOUSANDS         RATE (a)     DATE (b)     VALUE  
 
$ 3,560    
Sisters of St Francis Health Services Inc Ser 2008 I
     0.23 %     04/07/11     $ 3,560,000  
  3,620    
Trinity Health Ser 2008 D-1
     0.23       04/07/11       3,620,000  
  4,950    
Trinity Health Ser 2008 D-2
     0.23       04/07/11       4,950,000  
  2,000    
Indiana Health Facility Financing Authority, Ascension Health Ser 2003 E-6
     0.26       04/07/11       2,000,000  
       
 
                        
       
Iowa
                        
  2,000    
Iowa Higher Education Loan Authority, Grinnell College Ser 2008
     0.25       04/07/11       2,000,000  
       
 
                        
       
Maryland
                        
  1,000    
Maryland Economic Development Corporation, Howard Hughes Medical Institute Ser 2008 A
     0.20       04/07/11       1,000,000  
       
 
                        
       
Massachusetts
                        
  555    
Massachusetts Bay Transportation Authority, Senior Sales Tax Window Ser 2010 A
     0.34       10/27/11       555,000  
  2,200    
Massachusetts Health & Educational Facilities Authority, Partners HealthCare System 2005 Ser F-3
     0.23       04/07/11       2,200,000  
  1,000    
Massachusetts Health & Educational Facility Authority, Harvard University Ser 2005 C ROCs II-R Ser 10390
     0.25       04/07/11       1,000,000  
  8,000    
Massachusetts Water Resources Authority, Gen Ser 2008 F
     0.20       04/07/11       8,000,000  
       
 
                        
       
Michigan
                        
  1,000    
University of Michigan Regents, General Ser 2008 B
     0.17       04/07/11       1,000,000  
       
 
                        
       
Missouri
                        
  1,940    
Cape Girardeau County Industrial Development Authority, St Francis Medical Center Ser 2009 B
     0.28       04/07/11       1,940,000  
       
Missouri Health & Educational Facilities Authority,
                        
  1,900    
BJC Health System Ser 2008 B
     0.21       04/07/11       1,900,000  
  2,800    
BJC Health System Ser 2008 E
     0.20       04/07/11       2,800,000  
  3,000    
Sisters of Mercy Health System Ser 2008 D-4
     0.22       04/07/11       3,000,000  
  2,400    
Sisters of Mercy Health System Ser 2008 E
     0.22       04/07/11       2,400,000  
       
 
                        
       
Nebraska
                        
  7,005    
Central Plains Energy Project, Gas Project No 2 Ser 2009
     0.25       04/07/11       7,005,000  
       
 
                        
       
New Mexico
                        
       
New Mexico Finance Authority,
                        
  5,390    
Sub Lien Ser 2008 Subser B-1
     0.23       04/07/11       5,390,000  
  4,500    
Sub Lien Ser 2008 Subser B-2
     0.25       04/07/11       4,500,000  
  1,380    
New Mexico Hospital Equipment Loan Council, Presbyterian Healthcare Services Ser 2008
     0.25       04/07/11       1,380,000  
  3,000    
New Mexico Municipal Energy Acquisition Authority, Gas Supply Ser 2009
     0.25       04/07/11       3,000,000  
       
 
                        
       
New York
                        
  4,000    
Austin Trust, New York City Municipal Water Finance Authority Fiscal 2005 Ser B Custody Receipts Ser 2008-1199 (AGM Insd)
     0.31       04/07/11       4,000,000  
  3,000    
New York City, Fiscal 2008 Ser J Subser J-3
     0.18       04/01/11       3,000,000  
  5,500    
New York City Municipal Water Finance Authority, Second General Fiscal 2010 Ser CC
     0.18       04/07/11       5,500,000  
       
New York Liberty Development Corporation,
                        
  2,000    
Recovery Zone 3 World Trade Center Ser 2010 A-1
     0.42       01/19/12       2,000,000  
  4,500    
World Trade Center Ser 2009 A-2
     0.35       08/04/11       4,500,000  
       
 
                        
       
North Carolina
                        
  1,000    
Austin Trust, Charlotte-Mecklenburg Hospital Authority Carolinas Healthcare Ser 2008 A Custody Receipts Ser 2008-1149
     0.32       04/07/11       1,000,000  
       
North Carolina Medical Care Commission,
                        
  1,750    
FirstHealth of the Carolinas Ser 2008 A
     0.24       04/07/11       1,750,000  
  1,000    
Novant Health Obligated group Ser 2004 A
     0.25       04/07/11       1,000,000  

 

 

Morgan Stanley Tax-Free Daily Income Trust

Portfolio of Investments § March 31, 2011 (unaudited) continued
                                 
PRINCIPAL                        
AMOUNT IN         COUPON     DEMAND        
THOUSANDS         RATE (a)     DATE (b)     VALUE  
 
$ 3,000    
Novant Health Obligated Group Ser 2006 Eagle #20070065 Class A (BHAC Insd)
     0.26 %     04/07/11     $ 3,000,000  
  3,450    
Piedmont Triad Airport Authority, Ser 2008 A
     0.22       04/07/11       3,450,000  
       
 
                        
       
Ohio
                        
  1,950    
City of Columbus, Sewer Ser 2008 B
     0.21       04/07/11       1,950,000  
  2,900    
Franklin County, OhioHealth Corp Ser 2009 A
     0.20       04/07/11       2,900,000  
       
State of Ohio,
                        
  2,175    
Common Schools Ser 2005 B
     0.20       04/07/11       2,175,000  
  1,800    
Common Schools Ser 2006 B
     0.20       04/07/11       1,800,000  
       
 
                        
       
Oregon
                        
       
Oregon State Facilities Authority,
                        
  2,375    
PeaceHealth Ser 2008 A
     0.20       04/07/11       2,375,000  
  7,000    
PeaceHealth Ser 2008 C
     0.22       04/07/11       7,000,000  
       
 
                        
       
Pennsylvania
                        
  4,285    
Derry Township Industrial & Commercial Development Authority, Hotel Tax Arena Ser 2000 A
     0.24       04/07/11       4,285,000  
  1,000    
RBC Municipal Products Trust Inc, Berks County Municipal Authority Reading Hospital & Medical Center Ser 2008 Floater Certificates Ser C-13
     0.25       04/07/11       1,000,000  
  1,130    
Southcentral Pennsylvania General Authority, WellSpan Health Series 2008 A ROCs II-R Ser 11686
     0.26       04/07/11       1,130,000  
       
 
                        
       
South Carolina
                        
  2,555    
South Carolina Educational Facilities Authority, Goodwill Industries Ser 2006
     0.26       04/07/11       2,555,000  
       
South Carolina Jobs — Economic Development Authority,
                        
  1,000    
AnMed Health Ser 2009 A
     0.24       04/07/11       1,000,000  
  995    
AnMed Health Ser 2009 C
     0.24       04/07/11       995,000  
       
 
                        
       
Tennessee
                        
  1,700    
Sevier County Public Building Authority, Local Government Public Improvement Ser VI-A-1
     0.26       04/07/11       1,700,000  
       
 
                        
       
Texas
                        
  3,800    
Austin Trust, Tarrant County Cultural Education Facilities Finance Corp Texas Health Resources Ser 2007 A Custody Receipts Ser 2007-1031
     0.32       04/07/11       3,800,000  
  4,500    
Dallas Area Rapid Transit, Sales Tax Ser 2008 ROCs II-R Ser 11541
     0.25       04/07/11       4,500,000  
  1,900    
Harris County Cultural Education Facilities Financing Corporation, Methodist Hospital System Ser 2008 C-1
     0.19       04/01/11       1,900,000  
  3,800    
Harris County Health Facilities Development Corporation, Methodist Hospital System Ser 2008 A-2
     0.19       04/01/11       3,800,000  
  990    
Harris County Hospital District, Senior Lien Ser 2010
     0.25       04/07/11       990,000  
  1,600    
Harris County Industrial Development Corporation, Baytank Inc Ser 1998
     0.22       04/07/11       1,600,000  
  3,000    
J P Morgan Chase & Co, Texas Ser 2010 TRANs PUTTERs Ser 3813
     0.30       04/07/11       3,000,000  
  1,000    
RBC Municipal Products Trust Inc, Houston Combined Utility System First Lien Ser 2010 B Floater Certificates Ser E-14
     0.25       04/07/11       1,000,000  
  3,400    
University of Texas Regents, Financing System Ser 2007 B
     0.17       04/07/11       3,400,000  
       
 
                        
       
Utah
                        
       
City of Murray City,
                        
  1,200    
IHC Health Services Inc Ser 2003 B
     0.21       04/07/11       1,200,000  
  4,100    
IHC Health Services Inc Ser 2005 D
     0.20       04/01/11       4,100,000  
  1,565    
Utah Water Finance Agency, Ser 2008 B
     0.24       04/07/11       1,565,000  
       
 
                        
       
Virginia
                        
       
Capital Beltway Funding Corporation of Virginia,
                        

 

 

Morgan Stanley Tax-Free Daily Income Trust

Portfolio of Investments § March 31, 2011 (unaudited) continued
                                 
PRINCIPAL                        
AMOUNT IN         COUPON     DEMAND        
THOUSANDS         RATE (a)     DATE (b)     VALUE  
 
$ 3,900    
Senior Lien Toll I-495 Hot Lanes Ser 2008 C
     0.20 %     04/07/11     $ 3,900,000  
  1,500    
Senior Lien Toll I-495 Hot Lanes Ser 2008 D
     0.20       04/07/11       1,500,000  
       
Fairfax County Industrial Development Authority,
                        
  1,000    
Inova Health System Foundation Ser 2000
     0.20       04/07/11       1,000,000  
  500    
Inova Health System Window Ser 2020 A-1
     0.37       10/27/11       500,000  
  525    
J P Morgan Chase & Co, Fairfax County Industrial Development Authority Inova Health System Foundation Ser 2009 A PUTTERs Ser 3590
     0.25       04/07/11       525,000  
       
Norfolk Economic Development Authority,
                        
  205    
Sentara Healthcare Window Ser 2010 B
     0.37       10/27/11       205,000  
  250    
Sentara Healthcare Window Ser 2010 C
     0.37       10/27/11       250,000  
       
 
                        
       
Washington
                        
  750    
Barclays Capital Municipal Trust Receipts, King County Limited Tax Ser 2009 Floater-TRs Ser 2009 1W (AGC Insd)
     0.26       04/07/11       750,000  
  4,800    
Energy Northwest, Project 1 Ser 2003 A PUTTERs Ser 2965
     0.25       04/07/11       4,800,000  
  3,170    
King County, Limited Tax Sewer Ser 2010 A
     0.20       04/07/11       3,170,000  
       
 
                        
       
Wisconsin
                        
  1,000    
Barclays Capital Municipal Trust Receipts, Wisconsin Health & Educational Facilities Authority Children’s Hospital of Wisconsin Ser 2008 B Floater-TRs Ser 15W
     0.26       04/07/11       1,000,000  
  995    
Milwaukee Redevelopment Authority, University of Wisconsin-Milwaukee-Kenilworth Ser 2005
     0.25       04/07/11       995,000  
  1,090    
Rhinelander, YMCA of the Northwoods Ser 2006
     0.30       04/07/11       1,090,000  
  3,100    
Wisconsin Health & Educational Facilities Authority, Concordia University Inc Ser 2009
     0.25       04/07/11       3,100,000  
       
 
                        
       
 
                      
       
Total Tax-Exempt Short-Term Variable Rate Municipal Obligations (Cost $223,213,888)
                     223,213,888  
       
 
                      
                                         
                            YIELD TO        
                          MATURITY        
          COUPON     MATURITY     ON DATE OF        
          RATE     DATE     PURCHASE        
 
       
Tax-Exempt Commercial Paper (7.3%)
                                
       
Florida
                                
  1,000    
City of Gainesville, Utilities System Ser C
     0.30 %     04/27/11       0.30 %     1,000,000  
       
 
                                
       
Maryland
                                
  3,000    
County of Montgomery, 2010 Ser B BANs
     0.32       04/14/11       0.32       3,000,000  
       
 
                                
       
Minnesota
                                
  1,000    
Rochester, Health Care Facilities Mayo Foundation Ser 2000 B
     0.28       04/19/11       0.28       1,000,000  
       
 
                                
       
Nebraska
                                
       
City of Lincoln,
                                
  1,000    
Lincoln Electric System Ser 1995
     0.28       05/18/11       0.28       1,000,000  
  2,000    
Lincoln Electric System Ser 1995
     0.30       05/05/11       0.30       2,000,000  
  2,000    
Nebraska Public Power District, Ser A Notes
     0.30       05/05/11       0.30       2,000,000  
       
 
                                
       
New York
                                
  2,500    
New York City Municipal Water Finance Authority, Ser 6
     0.30       05/13/11       0.30       2,500,000  
       
 
                                
       
Texas
                                
       
Harris County Cultural Education Facilities Finance Corporation,
                                
  500    
Methodist Hospital System Ser 2009 C-1
     0.35       06/15/11       0.35       500,000  
  2,000    
Methodist Hospital System Ser 2009 C-1
     0.37       04/07/11       0.37       2,000,000  
  1,100    
Methodist Hospital System Ser 2009 C-1
     0.37       08/04/11       0.37       1,100,000  

 

 

Morgan Stanley Tax-Free Daily Income Trust

Portfolio of Investments § March 31, 2011 (unaudited) continued
                                         
                            YIELD TO        
PRINCIPAL                         MATURITY        
AMOUNT IN         COUPON     MATURITY     ON DATE OF        
THOUSANDS         RATE     DATE     PURCHASE     VALUE  
 
$ 2,000    
Texas Municipal Power Agency, Ser 2005 A
     0.28 %     04/06/11       0.28 %   $ 2,000,000  
       
 
                                
       
 
                              
       
Total Tax-Exempt Commercial Paper
(Cost $18,100,000)
                             18,100,000  
       
 
                              
       
 
                                
       
Short-Term Municipal Notes and Bonds (3.5%)
                                
       
 
                                
       
Georgia
                                
  2,000    
Cobb County, Ser 2011 TANs, dtd 04/06/11
     1.25       12/30/11       0.30       2,013,900  
  500    
Georgia Municipal Gas Authority, Gas Portfolio III 2010 Ser I, dtd 05/17/10
     2.00       05/17/11       0.65       500,845  
       
 
                                
       
Michigan
                                
  1,000    
Michigan, Fiscal 2011 Ser A, dtd 11/04/10
     2.00       09/30/11       0.43       1,007,810  
       
 
                                
       
Texas
                                
  5,000    
Texas, Ser 2010 TRANs, dtd 08/31/10
     2.00       08/31/11       0.37       5,033,801  
       
 
                                
       
 
                              
       
Total Short-Term Municipal Notes and Bonds
(Cost $8,556,356)
                             8,556,356  
       
 
                              
       
Total Investments
(Cost $249,870,244) (a)
                     100.8 %     249,870,244  
       
Liabilities in Excess of Other Assets
                     (0.8 )     (1,932,954 )
       
 
                            
       
Net Assets
                     100.0 %   $ 247,937,290  
       
 
                            
 
BANs   Bond Anticipation Notes.
 
PUTTERs   Puttable Tax-Exempt Receipts.
 
ROCs   Reset Option Certificates.
 
TANs   Tax Anticipation Notes.
 
TRANs   Tax Revenue Anticipation Notes.
 
(a)   Rate shown is the rate in effect at March 31, 2011.
 
(b)   Date on which the principal amount can be recovered through demand.
 
(c)   Cost is the same for federal income tax purposes.
 
Bond Insurance:
 
AGC   Assured Guaranty Corporation.
 
AGM   Assured Guaranty Municipal Corporation.
 
BHAC   Berkshire Hathaway Assurance Corporation.

 

 

Morgan Stanley Tax-Free Daily Income Trust
Notes to Portfolio of Investments § March 31, 2011 (unaudited)
Fair Valuation Measurements
Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures (“ASC 820”), defines fair value as the price that the Fund would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund’s investments. The inputs are summarized in the three broad levels listed below.
• Level 1 — unadjusted quoted prices in active markets for identical investments
• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 — significant unobservable inputs including the Fund’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.
The following is a summary of the inputs used as of March 31, 2011 in valuing the Fund’s investments carried at fair value:
                                 
    FAIR VALUE MEASUREMENTS AT MARCH 31, 2011 USING  
            UNADJUSTED              
            QUOTED PRICES IN              
            ACTIVE MARKETS     OTHER        
            FOR     SIGNIFICANT     SIGNIFICANT  
            IDENTICAL     OBSERVABLE     UNOBSERVABLE  
            INVESTMENTS     INPUTS     INPUTS  
INVESTMENT TYPE   TOTAL     (LEVEL 1)     (LEVEL 2)     (LEVEL 3)  
Short-Term Investments:
                                
Tax-Exempt Short-Term Variable Rate Municipal Obligations
   $ 223,213,888       —     $ 223,213,888       —  
Tax-Exempt Commercial Paper
     18,100,000       —       18,100,000       —  
Short-Term Municipal Notes and Bonds
     8,556,356       —       8,556,356       —  
 
                        
Total
   $ 249,870,244       —     $ 249,870,244       —  
 
                        
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes. The Fund recognizes transfers between the Levels as of the end of the period. As of March 31, 2011, the Fund did not have any investments transfer between valuation levels.
Valuation of Investments — Portfolio securities are valued at amortized cost, which approximates market value, in accordance with Rule 2a-7 under the Investment Company Act of 1940. Investments in open-end mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value as of the close of each business day.

 

Item 2. Controls and Procedures.
(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.
(b) There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.
Item 3. Exhibits.
(a) A separate certification for each principal executive officer and principal financial officer of the registrant are attached hereto.

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.
Morgan Stanley Tax-Free Daily Income Trust
/s/ Kevin Klingert
Kevin Klingert
Principal Executive Officer
May 24, 2011
     Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ Kevin Klingert
Kevin Klingert
Principal Executive Officer
May 24, 2011
/s/ Francis Smith
Francis Smith
Principal Financial Officer
May 24, 2011