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Stephen S. Crawford of Morgan Stanley to speak at UBS Warburg Global Financial Services Conference

New York, April 17, 2002 — Stephen S. Crawford, Executive Vice President and Chief Financial Officer of Morgan Stanley, will discuss the global financial services industry at the UBS Warburg Financial Services Conference on Wednesday, April 24^th at 8:10 am EDT in New York. A live and on-demand webcast will be available. The on-demand webcast will be available the day after the presentation for a period of 14 days. To access the webcast, please go to the Investor Relations Presentations section at www.morganstanley.com.

IMPORTANT INFORMATION

This presentation by Stephen S. Crawford is copyrighted and proprietary, and all rights are reserved. Any recording, rebroadcast or other use of this presentation without the prior written consent of Morgan Stanley is prohibited.

This presentation is based on information generally available to the public and does not contain any material, nonpublic information. The presentation has been prepared solely for information purposes, it is not a solicitation of an offer to buy or sell any security or instrument, and has not been updated since it was originally presented.

The presentation may contain forward-looking statements. These statements, which reflect management's beliefs and expectations, are subject to risks and uncertainties that may cause actual results to differ materially. For a discussion of the risks and uncertainties that may affect the Company's future results, please see "Certain Factors Affecting Results of Operations" in "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Competition and Regulation" under each of "Securities," "Asset Management" and "Credit Services" in Part I, Item 1 in the Company's 2001 Annual Report on Form 10-K and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Quarterly Reports on Form 10-Q for fiscal 2001.

For a printable version of the presentation, please click here.