
MULTI CAP GROWTH TRUST (Prospectus Summary): \| MULTI CAP GROWTH TRUST
MULTI CAP GROWTH PORTFOLIO
Morgan Stanley October 4, 2011 Supplement SUPPLEMENT DATED OCTOBER 4, 2011 TO THE PROSPECTUSES OF MORGAN STANLEY VARIABLE INVESTMENT SERIES THE MULTI CAP GROWTH PORTFOLIO (the "Portfolio") CLASS X and CLASS Y Dated April 29, 2011
The second sentence of the third paragraph under the section entitled "Portfolio Summary — Principal Investment Strategies" is deleted and replaced with the following:
The Portfolio's use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps, structured investments and other related instruments and techniques.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

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Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated

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Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

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