NEW YORK, Nov. 23 /PRNewswire-FirstCall/ -- The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley's 8.5% SPARQS Linked to Transocean Inc. Priced at $12.90 with an initial offer size of 1,046,511 shares, this equity trades under the ticker symbol RSW and has a maturation date of December 1, 2006. The notes are issued by Morgan Stanley. The Amex specialist unit is AIM Securities. If you would like to receive a copy of the prospectus for RSW, please contact the Capital Markets Group at the American Stock Exchange at or call (212) 306-1659. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 186 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. DATASOURCE: The American Stock Exchange CONTACT: Media: Mary Chung of American Stock Exchange, +1-212-306-1641, Web site: http://www.amex.com/

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