ACTIVE ASSETS MONEY TRUST (Prospectus Summary) | ACTIVE ASSETS MONEY TRUST

Active Assets Money Trust

Investment Objectives

Active Assets Money Trust is a money market fund that seeks to provide high
current income, preservation of capital and liquidity.

Fees and Expenses

The table below describes the fees and expenses that you may pay if you buy and
hold shares of the Fund. The Fund is a no-load fund. The Fund does not impose
any sales charges.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses		ACTIVE ASSETS MONEY TRUST
Advisory Fee		0.24%
Distribution and Service (12b-1) Fees		0.10%
Other Expenses		0.08%
Total Annual Fund Operating Expenses		0.42%
Fee Waivers and/or Expense Reimbursements	[1]	0.19%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements	[1]	0.23%

Example

The example below is intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund, your investment has a
5% return each year, and the Fund's operating expenses remain the same. Although
your actual costs may be higher or lower, based on these assumptions your costs
would be:

Expense Example (USD $)	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
ACTIVE ASSETS MONEY TRUST	24	74	130	293

Principal Investment Strategies

The Fund invests in high quality, short-term debt obligations. In selecting
investments, the Adviser and/or Morgan Stanley Investment Management Limited
("Sub-Adviser") seek to maintain the Fund's share price at $1.00. The Fund's
investments include the following money market instruments: corporate
obligations (including but not limited to commercial paper); debt obligations
of U.S.-regulated banks (including domestic branches or subsidiaries of foreign
banks) and instruments secured by those obligations (including certificates of
deposit); certificates of deposit of savings banks and savings and loan
associations; debt obligations issued or guaranteed as to principal and interest
by the U.S. Government, its agencies or instrumentalities, including U.S.
government securities guaranteed under the Federal Deposit Insurance Corporation
("FDIC") Temporary Liquidity Guarantee Program; asset-backed securities; U.S.
dollar-denominated foreign bank obligations; and repurchase agreements.

Principal Risks

There is no assurance that the Fund will achieve its investment objectives.
Although the Fund seeks to preserve the value of your investment at $1.00 per
share, if it is unable to do so, it is possible to lose money by investing in
the Fund. The principal risks of investing in the Fund include:

• Credit and Interest Rate Risk. Debt obligations, such as bonds, are subject
  to two types of risk: credit and interest rate risk. Credit risk refers to
  the possibility that the issuer of a security will be unable to make interest
  payments and/or repay the principal on its debt. Interest rate risk refers to
  fluctuations in the value of a debt security resulting from changes in the
  general level of interest rates.

• U.S. Government Securities. With respect to U.S. government securities that
  are not backed by the full faith and credit of the United States, there is the
  risk that the U.S. Government will not provide financial support to such U.S.
  government agencies, instrumentalities or sponsored enterprises if it is not
  obligated to do so by law.

• Asset-Backed Securities. Asset-backed securities involve the risk that the
  various federal and state consumer laws and other legal and economic factors
  may result in the collateral backing the securities being insufficient to
  support payment on the securities. Some asset-backed securities also entail
  prepayment risk, which may vary depending on the type of asset.

• Foreign Money Market Securities. Investing in money market securities of
  foreign issuers involves some additional risks, including the possibility of
  adverse political, economic or other developments affecting the issuers of
  these securities.

• Repurchase Agreements. Repurchase agreements are subject to risks associated
  with the possibility of default by the seller at a time when the collateral has
  declined in value, or insolvency of the seller, which may affect the Fund's
  right to control the collateral and result in certain costs and delays.

Shares of the Fund are not bank deposits and are not guaranteed or insured by
the FDIC or any other government agency.

Past Performance

The bar chart and table below provide some indication of the risks of investing
in the Fund by showing changes in the Fund's performance from year to year and
by showing the Fund's average annual returns for the one, five and 10 year
periods. The Fund's past performance does not indicate how the Fund will perform
in the future.

Annual Total Returns--Calendar Years

The year-to-date total return as of September 30, 2012 was 0.01%.

High Quarter 9/30/07 1.24%

Low Quarter 6/30/09 0.00%

Average Annual Total Returns (as of December 31, 2011)

Average Annual Total Returns	1 Year	5 Years	10 Years
ACTIVE ASSETS MONEY TRUST	0.01%	1.52%	1.83%

For the Fund's most recent 7-day annualized yield you may call toll-free (800)
869-NEWS.

[1] The Fund's "Distributor," Morgan Stanley Distribution, Inc., its "Adviser," Morgan Stanley Investment Management Inc., and its "Administrator," Morgan Stanley Services Company Inc., have agreed to waive and/or reimburse all or a portion of the Fund's distribution fee, advisory fee and administration fee, respectively, to the extent that total expenses exceed total income on a daily basis. These fee waivers and/or expense reimbursements will continue for at least one year or until such time as the Fund's Board of Trustees acts to discontinue all or a portion of such waivers and/or expense reimbursements when it deems such action appropriate.