NEW YORK, Dec. 26 /PRNewswire/ -- The American Stock Exchange(R)
 (Amex(R)) opens trading today on Morgan Stanley's 9% SPARQS Linked to Exxon
 Mobil Corporation.
 
     Priced at $23.3575 per unit with an initial offer size of 1,007,896
 units, this equity trades under the ticker symbol SEM and has a maturity
 date of January 20, 2009.
 
     The notes are issued by Morgan Stanley. The Amex specialist unit is
 Kellogg Capital Group.
 
     If you would like to receive a copy of the prospectus for SEM, please
 visit the American Stock Exchange website at http://www.amex.com.
 
     About American Stock Exchange
 
     The American Stock Exchange(R) (Amex(R)) offers trading across a full
 range of equities, options and exchange traded funds (ETFs), including
 structured products and HOLDRS(SM). In addition to its role as a national
 equities market, the Amex is the pioneer of the ETF, responsible for
 bringing the first domestic product to market in 1993. Leading the industry
 in ETF listings, the Amex lists 380 ETFs to date. The Amex is also one of
 the largest options exchanges in the U.S., trading options on broad-based
 and sector indexes as well as domestic and foreign stocks. For more
 information, please visit www.amex.com.
 
 
 

SOURCE American Stock Exchange