Morgan Stanley Announces Fourth Quarter Results - Discover Overview

New York —

Morgan Stanley (NYSE: MS) will hold its fourth quarter investor conference call, hosted by David H. Sidwell, Executive Vice President and Chief Financial Officer, on Tuesday, December 19, 2006 at 11:00 am Eastern time. The call will be available at www.morganstanley.com or by dialing 1-888-481-3045 (passcode 86649358) within the United States. International callers dial 1-617-786-1988 (passcode 86649358). A replay of the call and webcast will be available through January 18, 2007. To listen to the playback dial: 1-888-286-8010 (pass code 86355454) within the United States, or 1-617-801-6888 (passcode 86355454) 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 and presentation, please click here.