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Gramercy Investment Advisors LLC
> RNE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 0 | -9,465 | 0 | -128,000 | |
| 09/30/2011 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 9,465 | 5,305 | 128,000 | 51,000 | $13.52 |
| 06/30/2011 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 4,160 | -1,500 | 77,000 | -33,000 | $18.51 |
| 03/31/2011 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 5,660 | 5,260 | 110,000 | 103,000 | $19.43 |
| 09/30/2010 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 400 | -3,001 | 7,000 | -41,000 | $17.50 |
| 06/30/2010 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 3,401 | 3,401 | 48,000 | 48,000 | $14.11 |
| 03/31/2009 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 0 | -900 | 0 | -32,000 | |
| 09/30/2007 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 0 | -300 | 0 | -11,000 | |
| 06/30/2007 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 300 | -600 | 11,000 | -21,000 | $36.67 |
| 03/31/2007 | MORGAN STANLEY EASTERN EUROPE FUND, INC. | RNE | 900 | 900 | 32,000 | 32,000 | $35.56 |
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