Philip J. Purcell, David H. Sidwell and Vikram S. Pandit of Morgan Stanley to speak at the 2005 Smith Barney Citigroup Financial Services Conference

New York, January 19, 2005 — Philip J. Purcell, Chairman and Chief Executive Officer, David H. Sidwell, Executive Vice President and Chief Financial Officer, and Vikram S. Pandit, President and Chief Operating Officer, Institutional Securities Group of Morgan Stanley (NYSE:MWD) will discuss the global financial services industry at the 2005 Smith Barney Citigroup Financial Services Conference in New York on Thursday, January 27th at 8:15 am 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 Presentations section at www.morganstanley.com

Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.

To access the webcast and presentation, please click here.