John J. Mack and David H. Sidwell to Speak at the Merrill Lynch 2005 Banking & Financial Services Investor Conference

New York, November 8, 2005 — John J. Mack, Chairman and Chief Executive Officer, and David H. Sidwell, Executive Vice President and Chief Financial Officer, of Morgan Stanley (NYSE:MWD) will discuss the global financial services industry at the 2005 Merrill Lynch Banking and Financial Services Investor Conference in New York on Tuesday, November 15 at 2:00 pm Eastern Time. Both live and on-demand versions of the webcast will be available. The on-demand webcast will be available one hour 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 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.