On November 15, 2000, the Securities and Exchange Commission adopted new rules mandating the public disclosure of order execution and routing practices. The rules require that Morgan Stanley and other market centers that trade national market system securities provide specific information concerning the quality of their executions on a stock-by-stock basis. Links to and information about the rules are provided here: 
http://www.sec.gov/rules/final/34-43590.htm
http://www.sec.gov/interps/legal/mrslb13a.htm.

Morgan Stanley is committed to seeking the most favorable terms reasonably available under the circumstances when executing and/ or routing our customers' orders.

Click on the month below to download MSCO's SEC 11Ac1-5 Report 
MSCO200110.dat

Click on the quarter below to view MSCO's SEC 11Ac1-6 Report on Routing of Customer Orders 
Quarter Ending September 30,2001 

View important disclaimer information here