Noted for various Morgan Stanley indexes, "Ndtr_D" indicates that the index is listed in US dollars, with net dividends reinvested. Ndtr_D indexes provide an estimate of the total return that would be achieved by reinvesting one twelfth of the annual yield reported at every month end. They also takes into account actual dividends before withholding taxes, but exclude special tax credits declared by companies. In addition, Ndtr_D indexes subtract withholding taxes retained at the source, for foreigners who do not benefit from a double taxation treaty. For more information about Morgan Stanley indexes, call (212) 761-8141.