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PIA News Morgan Stanley Municipal Premium Income Trust Today Declared Monthly Income Dividends from Tax-Free Income

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Municipal Premium Income Trust today declared monthly income dividends of $.04 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 Premium Income Trust is a closed-end diversified management investment company investing principally in investment grade Municipal Obligations.

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