QUANTUMONLINE.COM SECURITY DESCRIPTION:  Morgan Stanley, Global Medium-Term Notes, Series C, Senior Fixed Rate Notes, 8% Stock Participation Accreting Redemption Quarterly-pay Securities (SPARQS) due 6/15/2004, mandatorily exchangeable at maturity for common stock of Schering-Plough Corp. (NYSE: SGP) unless called prior to maturity, issued at $18.50 per SPARQS (the closing price of Schering-Plough on 5/14/2003). The SPARQS pay 8% ($1.48) per annum quarterly interest distributions on 9/15/03, 12/15/03, 3/15/04 and 6/15/04 to holders of record five calendar days prior to the payment date. The units are callable at Morgan Stanley’s option beginning 11/30/2003 for cash at a total maximum annual yield, including distributions, of 24.5% per annum. At maturity, if not previously called, the holder will receive one share of Schering-Plough common stock for each SPARQS. If on any date during the term of the SPARQS the price of Schering-Plough common stock is less than $2.00 the maturity date of the SPARQS will be accelerated and the shares of Schering-Plough common stock will be delivered to the holders. See the IPO prospectus for further information on the SPARQS by clicking on the ‘Link to IPO Prospectus’ provided below.

Company's Online Information Links

HOME PAGE:     http://www.morganstanley.com/ (This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Inv Rel Email Address	indivfeedback@morganstanley.com
General Email Address	genlfeedback@morganstanley.com
Printed Material Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   1585 Broadway, New York, NY 10036
Main Phone Number	212-761-4000
Fax Number	212-761-0086
Investor Contact   William Pike	212-761-0008
Toll Free Phone Number	800-733-2307

CEO - Philip J. Purcell

CFO - Robert Scott