Morgan Stanley was ranked top advisor in all announced M&A transactions for the first half of 1999, excluding Australia and New Zealand, according to data released by the Securities Data Company, Inc. Morgan Stanley's top ranking includes a combined value of $5,456.2 million and a 16.7% market share.

Advisor Rankings

Advisor Rank	Value ($millions)	Rank	Market Share	# of Deals
Morgan Stanley Dean Witter	5,456.2	1	16.7	16
Lehman Brothers	4,081.9	2	12.5	6
Merrill Lynch	3,262.3	3	10.0	10
Goldman Sachs	3,165.7	4	9.7	8
JP Morgan	2,811.9	5	8.6	9
ING Barings	1,845.3	6	5.7	5
Rothschild Group	1,284.6	7	3.9	6
Credit Suisse First Boston	1,184.4	8	3.6	5
Standard Chartered Bank	1,160.0	9	3.6	15
ABN AMRO	1,014.6	10	3.1	3
Flemings	900.3	11	2.5	10
Schroder Group	549.4	12	1.7	2
HSBC	345.4	13	1.1	6
KPMG	255.7	14	0.8	9
Chase Manhattan Bank	168.4	15	0.5	4
Deutsche Bank	162.0	16*	0.3	1
Lazard Freres	162.0	16*	0.5	1
Donaldson, Lufkin & Jenrette	133.5	18	0.4	2
Salomon Smith Barney	103.0	19	0.3	2
PricewaterhouseCoopers	74.5	20	0.2	5
Overseas Union Bank	62.9	21	0.2	1
Dresdner Kleinwort Benson	37.2	22	0.1	3
Amanah Merchant Bank Bhd	31.6	23	0.1	1
DBS Bank	30.5	24	0.1	2
Warburg Dillon Read	24.9	25	0.1	1
Deals with Advisor	13,122.0	-	40.2	108
Deals without Advisor	19,534.9	-	59.8	1,138
Industry Totals	32,656.9	-	100.0	1,246