FRN Variable Rate Fix
13 Julio 2006 - 1:11PM
UK Regulatory
Morgan Stanley
As Agent Bank, please be advised of the following rate determined on:11-Jul-2006
Issue : Morgan Stanley & Co Ltd - Series 54
EUR 250,000,000 Senior Bearer FRN Due 13 Apr 16
ISIN Number : XS0250971222
Common Code / : 250971222
144A ISIN
Issue Nomin EUR : 1,250,000,000.00
Period : 13-Jul-2006 to 13-Oct-2006 Payment Date 13-Oct-2006
Number of Days : 92
Rate : 3.479
Denomination EU : 50,000.00 250,000,000.00
Amount Payable
per Denomination : 444.54 11,113,472.2
JPMorgan Chase Bank
Rate Fix Desk Telephone 44(0) 1202 34 1286
Institutional Trust Services Facsimile 44(0) 1202 34 7939
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