REG-Morgan Stanley Partial Early Repurchase

* Reuters is not responsible for the content in this press release.

Tue Jul 22, 2008 10:35am EDT 

LONDON--(Business Wire)--


Please be advised the following issue has been repurchased for EUR 2,185,000 on
17/07/08

Issue Morgan Stanley - Series 346 - ISIN XS0205814683 - Maturity Date 30/11/10 -
                           O/S Nominal EUR 136,537,000

The outstanding balance will therefore be EUR 134,352,000

Please amend your records accordingly.

Morgan Stanley

Copyright Business Wire 2008
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