Morgan Stanley to Host Third Quarter Investor Conference Call Today

New York —

NEW YORK, September 16, 2008 - In order to provide the market with information on Morgan Stanley's financial performance in the most timely manner possible, Morgan Stanley (NYSE: MS) will hold its third quarter investor conference call today, Tuesday, September 16, 2008 at 5pm Eastern time. The call will be hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer and will be available at www.morganstanley.com or by dialing 1-877-391-6850 (passcode 75875470#) within the United States. International callers dial 1-617-597-9299 (passcode 75875470#). A replay of the call and webcast will be available through October 16, 2008. To listen to the playback dial: 1-888-286-8010 (pass code 64818814) within the United States or 1-617-801-6888 (passcode 64818814) internationally.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 35 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.