Item 1.

Security and Issuer

This statement on Schedule 13D (the “Statement”) relates to the common stock, par value $.01 per share (the “Common Stock”) of Morgan Stanley Government Income Trust, an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts (the “Trust”), whose principal executive offices are located at c/o Morgan Stanley Investment Advisors Inc., Harborside Financial Center – Plaza Two, Jersey City, NJ 07311-3977.

Item 2.

Identity and Background

(a) This Statement is being filed by Yale University, a Connecticut corporation (the “Reporting Person”).

 (b) The business address of the Reporting Person is c/o Yale University Investments Office, 55 Whitney Avenue, New Haven, CT 06510-1300.

 (c) The Reporting Person is a large research university with a wide array of programs, departments, schools, centers, museums, and affiliated organizations. The Reporting Person invests money for its endowment.

 (d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 (e) The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or a finding of any violation with respect to such laws.

 (f) The name, business address and present principal occupation or employment of each of the fellows and executive officers of the Reporting Person are set forth in Annex A to this Statement and are incorporated herein by reference. Unless otherwise indicated in Annex A, each of the fellows and executive officers of the Reporting Person is a citizen of the United States. To the Reporting Person’s best knowledge and belief, none of the Reporting Person’s fellows or executive officers has been convicted in a criminal proceeding or was or is subject to a civil judgment of the type described in clauses (d) or (e) above.

Item 3.

Source and Amount of Funds or Other Consideration

The source of funds for the purchases of 9,314,800 shares of Common Stock reported by the Reporting Person was funds available for investment of the Reporting Person. The Reporting Person received such funds as gifts from donors to support its programs and net investment gains thereon.

Item 4.

Purpose of Transaction

The Common Stock was acquired by the Reporting Person for the purpose of investment. In the prospectus, GVT’s management already recognizes the importance of narrowing the discount for the benefit of its shareholders: “Shares of closed-end investment companies frequently trade at a discount from net asset value. In recognition of the possibility that the Trust’s shares might similarly trade at a discount, the Trustees have determined that it would be in the interest of shareholders for the Trust to take action to attempt to reduce or eliminate a market value discount from net asset value. To that end, the Trustees presently contemplate that the Trust from time to time take action either to repurchase in the open market or to tender for its own shares at net asset value.” The Reporting Person intends to evaluate the Trust’s prospects and financial condition, the market for the Common Stock, and other factors. As a part of such evaluation, the Reporting Person, or its respective agents, may participate in meetings or hold discussions with the Trust’s management, other shareholders and other persons, in which discussions the Reporting Person or its agents may express their views with respect to the operations, assets, capital structure or ownership of the Trust, and possible changes therein as a means of enhancing shareholder value. Such expression of views may relate to one or more of the transactions specified in clauses (a) through (j) of Item 4 of the Schedule 13D form. Therefore, the Reporting Person has elected to file Schedule 13D filings in lieu of its normal Schedule 13G filings.

Depending upon, among other things, the factors set forth above, the Reporting Person reserves the right to (i) dispose of all or part of its investment in the Common Stock at any time, (ii) acquire additional Common Stock, (iii)  propose a merger or similar business combination involving the Trust, (iv) propose open-ending the fund, or (v) take any other action with respect to the Trust.

Except as described above in this Item 4, the Reporting Person has no present plans or proposals that relate to or that would result in any of the following actions:

(a)        The acquisition by any person of additional securities of the Trust, or the disposition of securities of the Trust;

(b)        An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Trust;

(c)        A sale or transfer of a material amount of assets of the Trust;

(d)        Any change in the present board of trustees or management of the Trust, including any plans or proposals to change the number or term of trustees or to fill any existing vacancies on the board;

(e)        Any material change in the present capitalization of the Trust;

(f)         Any other material change in the Trust’s business or structure;

(g)        Changes in the Trust’s declaration of trust, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Trust by any person;

(h)        Causing a class of securities of the Trust to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i)         A class of equity securities of the Trust becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j)         Any action similar to any of those enumerated above.

Item 5.

Interest in Securities of the Issuer

 (a) The Reporting Person beneficially owns, within the meaning of Rule 13d-3 under the Exchange Act, 9,314,800 shares of Common Stock. The Common Stock owned by the Reporting Person constitutes approximately 28.93% of the Common Stock issued and outstanding (computed on the basis of 32,202,114 shares of Common Stock issued and outstanding, as reported by the Trust on May 31, 2006).

 (b) The Reporting Person has sole power to dispose of 9,314,800 shares of Common Stock and sole power to vote 9,314,800 shares of Common Stock

 (c) The Reporting person bought shares of Common Stock in broker transactions as follows: 

Date

Shares

Price/Share

4/10/2006

26,500

8.5500

4/11/2006

2,200

8.5500

4/12/2006

29,600

8.5549

4/13/2006

5,200

8.5467

4/17/2006

13,800

8.5200

4/18/2006

7,300

8.5379

4/19/2006

16,500

8.5600

4/24/2006

11,400

8.5600

4/25/2006

12,700

8.5588

4/26/2006

5,000

8.5300

4/27/2006

1,500

8.5300

4/28/2006

2,000

8.5400

5/1/2006

5,100

8.5400

5/3/2006

2,000

8.5210

5/4/2006

100

8.4900

5/5/2006

5,300

8.4900

5/9/2006

2,800

8.5100

5/10/2006

3,100

8.5100

5/10/2006

7,300

8.5000

5/12/2006

3,800

8.5000

5/16/2006

600

8.5100

5/25/2006

5,900

8.5500

5/25/2006

13,300

8.5400

6/1/2006

100

8.5400

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

None.

Item 7.

Material to be Filed as Exhibits.

None.

Dated:  June 15, 2006

YALE UNIVERSITY

Name: David F. Swensen

Title: Chief Investment Officer