Morgan Stanley



                Morgan Stanley - Series 1764 - ISIN XS0342604609
             Maturity Date 05 March 2012 - O/S Nominal EUR 4,250,000

Please be advised the following issue has been repurchased for EUR 1,690,000 on
14 March 2008.

The outstanding balance will therefore be EUR 2,560,000

Please amend your records accordingly.
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