Morgan Stanley received the following awards from Euroweek and its sister publication, International Equity Review, in the magazines' year-end reviews.

End of Year Polls — January 1999

Equity Capital Markets: Deals of the Year

Equant — Best IPO

Conoco — Best Non-Privatisation Equity Issue

Equity Capital Markets: Regional Awards, Europe

Superdiplo — Best Spanish Equity Issue

Equity Capital Markets: Regional Awards, Asia Pacific

Fullerton-Global — Best Asian Equity-Linked Issue

Equity Capital Markets: Regional Awards, The Americas

Best Lead Manager of U.S. Equity Issues

USEC — Best U.S. IPO

Securitisation: Best Deals and Banks

Best Investment Bank for Securitisation

PDVFIN — Best Securitisation of Latin American Assets

Debt Capital Markets: Best Lead Managers (Euromarket Peers' Poll)

Best Lead Manager of all International Bonds (joint with Merrill Lynch)

Best Lead Manager of Institutionally Targeted Bonds

Best Lead Manager of Supranational Bonds

Best Lead Manager of Asian Bonds

Most Impressive Syndicate Desk

Westpac US$1.4Bn global MBS — Best International Australian Bond Issue