The Morgan Stanley Asia-Pacific Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investments primarily in equity securities of Asian-Pacific issuers and in debt securities issued or guaranteed by Asian Pacific governments or governmental entities. It invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Funds-Money Market Portfolio (the Liquidity Funds), which is an open-end management investment company. It also may invest a portion of its assets in structured investments. It invests in banks; commercial services and supplies; healthcare equipment and supplies; information technology services; real estate management and development; food products; Internet software and services; pharmaceuticals, and consumer services. Its investment advisor is Morgan Stanley Investment Management Inc. and sub-advisor is Morgan Stanley Investment Management Company.