Morgan Stanley Schedules Quarterly Investor Conference Call

New York —

Morgan Stanley (NYSE: MWD) will hold its first quarter investor conference call, hosted by Chief Financial Officer David H. Sidwell, on Thursday, March 17, 2005 at 12:00 pm Eastern time. The call will be available via the worldwide web at www.morganstanley.com or by dialing 1-877-810-2623 (passcode 40310549) in the United States. International callers dial 1-617-786-1488 (passcode 40310549). A playback of the call will be available through April 17, 2005 and a replay of the webcast will be available through March 17, 2006. To listen to the playback, dial: 1-888-286-8010 (passcode 77749583) within the United States, or 1-617-801-6888 (passcode 77749583) internationally.

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 presentation and webcast, please click here.