Exhibit 77D: Policies with respect to security investments

Morgan Stanley Institutional Fund, Inc. - Multi-Asset
Portfolio

The Multi-Asset Portfolio made those changes to its
investment strategies described in supplements to its
Prospectus and Statement of Additional Information filed
via EDGAR with the Securities and Exchange Commission
on January 29, 2013 (accession number 0001104659-13-
005597) and incorporated by reference herein.