November 1, 2004
	Supplement
SUPPLEMENT DATED NOVEMBER 1, 2004 TO THE PROSPECTUS OF MORGAN STANLEY VARIABLE INVESTMENT SERIES CLASS X AND CLASS Y The Aggressive Equity Portfolio The Dividend Growth Portfolio The Equity Portfolio The European Growth Portfolio The Global Advantage Portfolio The Global Dividend Growth Portfolio The High Yield Portfolio The Income Builder Portfolio The Information Portfolio The Limited Duration Portfolio The Quality Income Plus Portfolio The S&P 500 Index Portfolio The Strategist Portfolio The Utilities Portfolio Dated May 1, 2004 Effective November 1, 2004, the Board of Trustees of the Fund approved amending and restating the existing investment management agreement for each Portfolio ("Current Investment Management Agreement") to remove the administration services component from the Current Investment Management Agreement. Morgan Stanley Investment Advisors Inc., the Fund's Investment Manager ("MSIA"), will continue to provide investment advisory services under the amended and restated investment advisory agreement. The administration services previously provided to each Portfolio by MSIA will be provided by Morgan Stanley Services Company Inc. ("Administrator") pursuant to a separate administration agreement entered into by each Portfolio with the Administrator. Such change has resulted in a .08% reduction in the advisory fee concurrent with the implementation of a .08% administration fee pursuant to the new administration agreement. With respect to the Aggressive Equity Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.67% of the portion of daily net assets not exceeding $500 million; 0.645% of the portion of daily net assets exceeding $500 million but not exceeding $2 billion; 0.62% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.595% of the portion of daily net assets exceeding $3 billion. With respect to the Dividend Growth Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.545% of the portion of daily net assets not exceeding $250 million; 0.42% of the portion of daily net assets exceeding $250 million but not exceeding $1 billion; 0.395% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; and 0.37% of the portion of daily net assets exceeding $2 billion. With respect to the European Growth Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.87% of the portion of daily net assets not exceeding $500 million; 0.82% of the portion of daily net assets exceeding $500 million but not exceeding $2 billion; 0.77% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.745% of the portion of daily net assets exceeding $3 billion. With respect to the Global Advantage Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.57% of the portion of the daily net assets not exceeding $1.5 billion; and 0.545% of the portion of the daily net assets exceeding $1.5 billion.

With respect to the Global Dividend Growth Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.67% of the portion of the daily net assets not exceeding $1 billion; 0.645% of the portion of the daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.62% of the portion of the daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.595% of the portion of the daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.57% of the portion of the daily net assets exceeding $3.5 billion but not exceeding $4.5 billion; and 0.545% of the portion of the daily net assets exceeding $4.5 billion.

With respect to the High Yield Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.42% of the portion of daily net assets not exceeding $500 million; 0.345% of the portion of daily net assets exceeding $500 million but not exceeding $750 million; 0.295% of the portion of daily net assets exceeding $750 million but not exceeding $1 billion; 0.27% of the portion of daily net assets exceeding $1 billion but not exceeding $2 billion; 0.245% of the portion of daily net assets exceeding $2 billion but not exceeding $3 billion; and 0.22% of the portion of daily net assets exceeding $3 billion.

With respect to the Income Builder Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.67% of the portion of the net assets not exceeding $500 million; and 0.645% of the portion of daily net assets exceeding $500 million.

With respect to the Information Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.67% of the portion of the Fund's daily net assets not exceeding $500 million, 0.645% of the portion of the Fund's daily net assets exceeding $500 million but not exceeding $3 billion and 0.62% of the portion of the Fund's daily net assets exceeding $3 billion.

With respect to the Limited Duration Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.30% of the Fund's daily net assets.

With respect to the Quality Income Plus Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.42% of the portion of the daily net assets not exceeding $500 million; 0.35% of the portion of the daily net assets exceeding $500 million but not exceeding $1.25 billion; and 0.22% of the portion of the daily net assets exceeding $1.25 billion.

With respect to the Utilities Portfolio, under the amended and restated investment advisory agreement the advisory fee was reduced to 0.57% of the portion of daily net assets not exceeding $500 million; 0.47% of the portion of daily net assets exceeding $500 million but not exceeding $1 billion; 0.445% of the portion of daily net assets exceeding $1 billion but not exceeding $1.5 billion; 0.42% of the portion of daily net assets exceeding $1.5 billion but not exceeding $2.5 billion; 0.395% of the portion of daily net assets exceeding $2.5 billion but not exceeding $3.5 billion; 0.37% of the portion of daily net assets exceeding $3.5 billion but not exceeding $5 billion; and 0.345% of the portion of daily net assets exceeding $5 billion.

Although the entities providing administration services to each Portfolio have changed, the Morgan Stanley personnel performing such services will remain the same. Furthermore, the changes will not result in any increase in the amount of total combined fees paid by any Portfolio for investment advisory and administration services, or any decrease in the nature or quality of the investment advisory or administration services received by any Portfolio.

All references in the Prospectus to the "Investment Manager" are changed to "Investment Adviser."

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.

LIT SPT VIS SERIES 11/04