Owen D. Thomas, President of Investment Management, and David H. Sidwell, Executive Vice President and Chief Financial Officer of Morgan Stanley will discuss the global financial services industry at the 2006 Merrill Lynch Banking and Financial Services Investor Conference in New York on Tuesday, November 14 at 2:35 pm Eastern Time. Both live and on-demand versions of the webcast will be available. The on-demand webcast will be available 24 hours after the presentation for a period of 30 days. To access the webcast, please go to the Investor Relations section at www.morganstanley.com.

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

To access the webcast and presentation, please click here.