EXHIBIT

Morgan Stanley Liquid Asset Fund Inc.


Sub-Item
77P	Information Required to be Filed Pursuant to
Existing
Exemptive (c) Orders

(A)		Statement Pursuant to Exemptive Order (ICA Release
No. 10991)
		Pertaining to Amortized Cost Pricing

No action was taken during the period pursuant to
condition 2 (c) of the above-captioned Order.