-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WtwOpT8dN/3vpskaL9Vhx59xIM9IKWouihg3lUdSHEKrvVYwrgTLiNmbnzo9eJQg
 ukwTUHhmM4Jf68hnXyZ6fA==

<SEC-DOCUMENT>0000068100-99-000118.txt : 19990224
<SEC-HEADER>0000068100-99-000118.hdr.sgml : 19990224
ACCESSION NUMBER:		0000068100-99-000118
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990223

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY EMERGING MARKETS DEBT FUND INC
		CENTRAL INDEX KEY:			0000904112
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133713706
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		
		SEC FILE NUMBER:	005-44447
		FILM NUMBER:		99547503

	BUSINESS ADDRESS:	
		STREET 1:		1221 AVENUE OF THE AMERICAS
		STREET 2:		8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		6175578742

	MAIL ADDRESS:	
		STREET 1:		1221 AVENUE OF THE AMERIAS
		STREET 2:		8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN J P & CO INC
		CENTRAL INDEX KEY:			0000068100
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				132625764
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		60 WALL ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10260
		BUSINESS PHONE:		2124832323

	MAIL ADDRESS:	
		STREET 1:		500 STANTON CHRISTIANA RD
		STREET 2:		ATTN RANDY REDCAY
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19713
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<TEXT>
                                                                        
                       SECURITIES  &  EXCHANGE COMMISSION                       
                             WASHINGTON, D.C. 20549                             
                                  SCHEDULE 13G                                  
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934                    
                             (AMENDMENT NO.      )*                             
 NAME OF ISSUER:                                                                
 TITLE OF CLASS OF SECURITIES:  MORGAN STAN EMG MKT DEBT FD                     
                                                                                
    UNLESS OTHERWISE NOTED, THE SECURITY BEING REPORTED IS A                    
    COMMON STOCK                                                                
 CUSIP NO.  61744H 10 5                                                         
 FEE BEING PAID:  YES                                                           
  (1) NAMES OF REPORTING PERSONS:  J.P. MORGAN & CO. INCORPORATED               
      S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:  13-2625764          
  (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:  (A)                    
                                                         (B)                    
  (3) SEC USE ONLY                                                              
  (4) CITIZENSHIP OR PLACE OF ORGANIZATION:  UNITED STATES                      
      NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:        
           (5) SOLE POWER TO VOTE:                      0   SHARES              
           (6) SHARED POWER TO VOTE:                    0   SHARES              
           (7) SOLE POWER TO DISPOSE:           1,931,922   SHARES              
           (8) SHARED POWER TO DISPOSE:                 0   SHARES              
  (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:             
                                                 1,931,922   SHARES             
  (10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:        
  (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):    8.8 %              
  (12) TYPE OF REPORTING PERSON:  HC                                            
                       SECURITIES AND EXCHANGE COMMISSION                       
                             WASHINGTON, D.C. 20549                             
                                  SCHEDULE 13G                                  
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934                    
AMENDMENT NO:                                          DATE  DECEMBER 31,1998   
FEE BEING PAID:  YES                                                            
ITEM 1  (A) NAME OF ISSUER:                                                     
ITEM 1  (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:                    
                                                                                
                                                                                
                                                                                
                                                                                
ITEM 2  (A) NAME OF PERSON FILING: J.P.MORGAN & CO. INCORPORATED                
ITEM 2  (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:                               
                              60 WALL STREET                                    
                              NEW YORK,N.Y. 10260                               
ITEM 2  (C) CITIZENSHIP UNITED STATES                                           
ITEM 2  (D) TITLE OF CLASS OF SECURITIES:                                       
            MORGAN STAN EMG MKT DEBT FD                                         
                                                                                
                 UNLESS OTHERWISE NOTED, SECURITY BEING REPORTED IS A           
                 COMMON STOCK.                                                  
ITEM 2  (E) CUSIP NO:   61744H 10 5                                             
ITEM 3    TYPE OF PERSON:  (G) PARENT HOLDING COMPANY                           
ITEM 4  (A) AMOUNT BENEFICIALLY OWNED:      1,931,922       SHARES,             
              INCLUDING          0  SHARES WHERE THERE IS A RIGHT TO ACQUIRE.   
ITEM 4  (B) PERCENT OF CLASS:  8.8                                              
ITEM 4  (C)     (I) SOLE POWER TO VOTE:                     0  SHARES           
               (II) SHARED POWER TO VOTE:                   0  SHARES           
              (III) SOLE POWER TO DISPOSE:          1,931,922  SHARES           
               (IV) SHARED POWER TO DISPOSE:                0  SHARES           
ITEM 5    OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS:   NOT APPLICABLE           
ITEM 6    OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON:         
                                                                                
                                                                                
     VIRTUALLY ALL OF OUR ACCOUNTS INVOLVE OUTSIDE PERSONS WHO HAVE THE         
RIGHT TO RECEIVE OR DIRECT THE RECEIPT OF DIVIDENDS FROM,OR THE PROCEEDS        
FROM THE SALE OF, SECURITIES IN SUCH ACCOUNTS WITH RESPECT TO THE CLASS         
OF SECURITIES WHICH ARE THE SUBJECT OF THIS REPORT. HOWEVER, NO SUCH            
PERSON'S RIGHTS RELATE TO MORE THAN FIVE PERCENT OF THE CLASS UNLESS            
SUCH PERSON IS IDENTIFIED BELOW.                                                
ITEM 7  IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARIES:                      
         MORGAN GUARANTY TRUST COMPANY OF NEW YORK - 3(B) BANK                  
         J.P. MORGAN INVESTMENT MANAGEMENT, INC. - 3(E) INVESTMENT ADVISOR      
J.P. MORGAN FLORIDA FEDERAL SAVINGS BANK - 3(E) INVESTMENT ADVISOR              
   CERTAIN OF THE SECURITIES COVERED BY THIS REPORT MAY BE OWNED BY NON-        
  QUALIFYING SUBSIDIARIES OF J.P. MORGAN & CO. INCORPORATED, BUT THE            
  AMOUNT SO OWNED DOES NOT EXCEED ONE PERCENT OF THE TOTAL OUTSTANDING          
  SECURITIES OF THE COMPANY AND IT IS NOT PRACTICAL TO OBTAIN ADDITIONAL        
  INFORMATION CONCERNING SUCH SECURITIES                                        
ITEM 8  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP               
           NOT APPLICABLE                                                       
ITEM 9  NOTICE OF DISSOLUTION OF THE GROUP:  NOT APPLICABLE                     
ITEM 10 CERTIFICATION:                                                          
   BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND             
 BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED IN THE ORDINARY         
 COURSE OF BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT         
 HAVE THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF        
 SUCH SECURITIES AND WERE NOT ACQUIRED IN CONNECTION WITH OR AS A               
 PARTICIPANT IN ANY TRANSACTION HAVING SUCH PURPOSE OR EFFECT.                  
   AFTER REASONABLE INQUIRY AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, I       
 CERTIFY THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS TRUE,              
 COMPLETE AND CORRECT.                                                          
                                        JAMES C.P. BERRY                        
                                        VICE PRESIDENT                          
</TEXT>                                                                         
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
