Morgan Stanley Municipal Income Opportunities Trust today declared monthly income dividends of $.045 per share from tax-free income.

RECORD DATE

PAYABLE DATE

01/05/07 

01/19/07 

02/09/07 

02/23/07 

03/09/07 

03/23/07 

Morgan Stanley Municipal Income Opportunities Trust is a closed-end diversified management investment company investing principally in non-rated Municipal Obligations.

The Trust's investment objective is to provide a high level of current income exempt from federal income tax.