Morgan Stanley


As Agent Bank, please be advised of the following rate determined on: 12-Jun-2008
Issue                    � Morgan Stanley Dean Witter & Co - Series D
                         EUR 20,000,000.00 (MTN) FRN Due Jun 2011
ISIN Number              � XS0126533107
Common Code / 144A ISIN  � 126533107
Issue Nomin EUR          � 20,000,000.00
Period                   � 16-Jun-2008 to 15-Sep-2008                   Payment Date 15-Sep-
                                                                         2008
Number of Days           � 91
Rate                     � 5.358
Denomination EUR         �
                          100,000.00

Amount Payable per       � 1,354.38
 Denomination

Bank of New York
Rate Fix Desk                                Telephone                  � 44 1202 689580
Corporate Trust Services                     Facsimile                  � 44 1202 689601



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