American Stock Exchange Lists Morgan Stanley 8% Stock SPARQS Based On Valero Energy Corp. Common Stock

American Stock Exchange Lists Morgan Stanley 8% Stock SPARQS
Based On Valero Energy Corp. Common Stock 


NEW YORK, March 23  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading Morgan Stanley 8% Stock Participation Accreting Redemption
Quarterly-pay Securities(SM) ("SPARQS") based on Valero Energy Corp. common
stock.

Priced at $17.2575 with an initial offer size of $1,840,000 million, this
equity trades under the ticker symbol ERV and has a maturation date of April
15, 2006.

The notes are issued by Morgan Stanley. The Amex specialist unit is
AGS/STR/OTA.

If you would like to receive a copy of the prospectus for ERV, please contact
the Capital Markets Group at the American Stock Exchange at 212-306-1659.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
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 145 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. 

DATASOURCE: American Stock Exchange



CONTACT:  Mary Chung of American Stock Exchange, [phone],

 



Web site:  http://www.amex.com/ 

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