Morgan Stanley



Please be advised the following issue has been repurchased for EUR 187,500 on 03
Jul 08

     Morgan Stanley - 1604 - XS0329885049 - Maturity Date - 07 Jan 14 - O/S

                            Nominal - EUR 31,000,000

The outstanding balance will therefore be EUR 30,812,500

Please amend your records accordingly.


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