The February 1998 issue of World Equity included IFR Securities Data/Datastream's 1997 league tables. Morgan Stanley ranked as follows:

• #2 Bookrunner of International Equity Issues
• #3 Manager of International Equity Issues
• #1 Bookrunner of European International Equity Issues
• #5 Bookrunner of Asia/Pacific International Equity Issues
• #2 Bookrunner of Latin American International Equity Issues
• #3 Bookrunner of North American International Equity Issues
• #3 Bookrunner of U.S. Common Stock IPOs
• #3 Bookrunner of Privatization International Equity Issues
• #4 Bookrunner of International Convertible Bonds
• #4 All International IPOs $50MM+
• #1, #7, and #9 of Top 10 Performing International Deals for Beijing Enterprises, Ryanair, and Asia Pulp and Paper, respectively
• #3 M&A Advisor U.S. Target (completed deals)
• #1 Bookrunner Brazilian International Issues