Morgan Stanley (NYSE: MS) today declared a regular quarterly dividend on the outstanding shares of each of the following preferred stock issues:

• Floating Rate Non-Cumulative Preferred Stock, Series A - $255.56 per share (equivalent to $0.25556 per Depositary Share)
• 10 percent Non-Cumulative Non-Voting Perpetual Convertible Preferred Stock, Series B  - $25.00 per share
• 10 percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C - $25.00 per share

The dividends for the Preferred Stock Series A, B and C are payable on January 15, 2010 to stockholders of record at the close of business on December 31, 2009.
 
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 36 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Contact: 
Media Relations, Corporate Communications 212.762.7064 
Investor Relations, Suzanne Charnas, 212.761.3043