Company Information

From the number of our offices and employees to the experience of our management and the quality of our financial results, the facts about Morgan Stanley tell an impressive story.

$779 Billion in Assets Under Management

Consistent Dividend Payout Growth

Diversified Revenue Sources

Excellent Credit Ratings

High Market Capitalization

High Total Shareholder Return

More than 600 Offices in 33 Countries

$779 Billion in Assets Under Management

Second Quarter, May 31, 2008

Dividends per Share

Second Quarter, May 31, 2008

Note: Payable dates are as follows: Second Quarter, July 31, 2008 ($0.27).

Diversified Revenue Sources*

Second Quarter, May 31, 2008

* Net revenue composition excludes $39 MM of intersegment eliminations.

Current Credit Ratings


	Short-Term Debt	Long-Term Debt	Rating Outlook
Dominion Bond Rating Service Limited	R-1 (middle)	AA(low)	Stable

Fitch Ratings	F1+	AA-	Negative

Moody's Investors Service	P-1	Aa3	Downgrade Review

Rating and Investment Information, Inc.	a-1+	AA	Negative

Standard & Poor's	A-1	A+	Negative

High Market Capitalization

Second Quarter, May 31, 2008

A. End of Period common shares outstanding as of the Period End May 31, 2008 were 1,108,865,416
B. MS common stock closing price on NYSE as of May 31, 2008 was US$44.23


	A. Period end common shares outstanding fully diluted	1,108,865,416
	B. Type in most current MS common stock closing price on NYSE	$
	Market Capitalization	$

Market Capitalization (A x B) = US$

Or calculate more current market capitalization by substituting today's share price for MS in (B)

Total Shareholder Return Since Merger

May 30, 1997 to May 31, 2008

Source: Bloomberg

More than 600 Offices in 33 Countries

Confirmed May 31, 2008