Morgan Stanley Announces First Quarter Results

New York —

Morgan Stanley (NYSE: MS) will hold its first quarter investor conference call, hosted by David H. Sidwell, Executive Vice President and Chief Financial Officer, on Wednesday, March 21, 2007 at 11:00 am Eastern time.  The call will be available at www.morganstanley.com or by dialing 1-888-481-3045 (passcode 89576718) within the United States.  International callers dial 1-617-786-1988 (passcode 89576718).  A replay of the call and webcast will be available through April 20, 2007.  To listen to the playback dial: 1-888-286-8010 (pass code 35892685) within the United States, or 1-617-801-6888 (passcode 35892685) internationally.

Morgan Stanley 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 press release & webcast, please click here.