41AT Bank Mont 46

    

Morgan Stanley


As Agent Bank, please be advised of the following rate determined on:27-Feb-2007

Issue               : Morgan Stanley - Series G
                      EUR 2,500,000,000.00  FRN Due 1 Mar 2013
ISIN Number         : XS0245836431
Common Code/        : 24583643
144A ISIN
Issue Nomin     EUR : 2,500,000,000.00
Period              : 01-Mar-2007 to 01-Jun-2007       Payment Date 01-Jun-2007
Number of Days      : 92
Rate                : 4.184
Denomination EUR    : 50,000.00         2,800,000.00

Amount Payable
per Denomination    : 534.62            29,938,844.4

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services  Facsimille          44 (0) 1202 34 7939

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