REG-Morgan Stanley Partial Early Repurchase

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Thu Apr 17, 2008 8:16am EDT

LONDON--(Business Wire)--


                Morgan Stanley - Series 1077 - ISIN XS0291587110
           Maturity Date 22 September 2008 - O/S Nominal USD 8,000,000

Please be advised the following issue has been repurchased for USD 8,000,000 on
13 March 2008

The outstanding balance will therefore be ZERO

Please amend your records accordingly.

Morgan Stanley

Copyright Business Wire 2008
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