Morgan Stanley



Please be advised the following issue has been repurchased for EUR 570,000 on 18
Jul 08

 Morgan Stanley - 638 - XS0238795818 - Maturity Date - 23 Dec 11 - O/S Nominal -
                                  EUR 5,275,000

The outstanding balance will therefore be EUR 4,705,000

Please amend your records accrodingly.
Sg Issuer 24 (LSE:81TR)
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