Morgan Stanley Schedules Quarterly Investor Conference Call

New York —

Morgan Stanley (NYSE: MS) will hold its second quarter investor conference call, hosted by David H. Sidwell, Executive Vice President and Chief Financial Officer, on Wednesday, June 21, 2006 at 11:00 am Eastern time. The call will be available at www.morganstanley.com or by dialing 1-888-481-3045 (passcode 17163572) within the United States. International callers dial 1-617-786-1988 (passcode 17163572). A replay of the call and webcast will be available through July 21, 2006. To listen to the playback dial: 1-888-286-8010 (passcode 87454449) within the United States, or 1-617-801-6888 (passcode 87454449) 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 30 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.

To access the webcast, please click here.