Morgan Stanley 8% SPARQS Linked to Monsanto Company, expiring July 20, 2008 (MAO) called for redemption January 22, 2008

Morgan Stanley 8% SPARQS Linked to Monsanto Company, expiring July 20, 2008 (MAO) called for redemption January 22, 2008 at $17.5834 call price plus $0.0075 accrued interest. Subsequent to the call, the symbol will be changed to MAO.CL effective at the open on January 14, 2008. For detailed information see Issues Daily List dated January 11, 2008 for "Name/Symbol Change" notice and January 14, 2008 for the "Pending Suspension" notice.

Please call the Corporate Actions/Proxy Rulings Department at 212-306-2438 with any questions.