NEW YORK, Dec. 23 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley's 7.5% SPARQS Linked to Gilead Sciences, Incorporated. Priced at $ 13.85 with an initial offer size of 1,660,650 this equity trades under the ticker symbol GSY and has a maturation date of January 15, 2007. The notes are issued by Morgan Stanley. The Amex specialist unit is LaBranche Structured Products, LLC. If you would like to receive a copy of the prospectus for GSY, 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 150 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: American Stock Exchange CONTACT: Javier E. David of American Stock Exchange, +1-212-306-1440, Web site: http://www.amex.com/

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