497 1 file001.txt DEFINITIVE MATERIALS Filed Pursuant to Rule 497(e) Registration File No.: 2-82510 June 30, 2004 Supplement [Morgan Stanley Logo] SUPPLEMENT DATED JUNE 30, 2004 TO THE PROSPECTUS OF MORGAN STANLEY VARIABLE INVESTMENT SERIES -- CLASS X Dated May 1, 2004 The thirteenth paragraph of the section of the Prospectus titled "PORTFOLIO MANAGEMENT" is hereby replaced by the following: European Growth Portfolio -- The Portfolio is managed within the European Growth team. Benjamin Legge is a current member of the team. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.