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David H. Sidwell and Jerker Johansson of Morgan Stanley to speak at the Morgan Stanley Equity Research Under the Hood: Capital Markets Conference 2005

New York, May 10, 2005 — David H. Sidwell, Executive Vice President and Chief Financial Officer, and Jerker Johansson, Global Head of Institutional Equities Division, of Morgan Stanley (NYSE: MWD), will discuss the global financial services industry at the Morgan Stanley Equity Research Under the Hood: Capital Markets Conference in New York on Tuesday, May 17 at 4:00 pm Eastern Time. A live and on-demand webcast will be available. The on-demand webcast will be available 4 hours after the presentation for a period of 30 days. To access the webcast, please go to the Investor Relations Presentations section at www.morganstanley.com.

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 webcast and presentation please click here.