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

RECORD DATE

PAYABLE DATE

 
07/06/07  07/20/07 
08/03/07  08/17/07 
09/07/07  09/21/07 

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.

Morgan Stanley Municipal Income Opportunities Trust (OIA)
800-869-6397