American Stock Exchange Lists SPARQS Exchangeable For Juniper Networks Incorporated

American Stock Exchange Lists SPARQS Exchangeable For Juniper
Networks Incorporated 


NEW YORK, May 24  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading Morgan Stanley 10 % Stock Participation Accreting
Redemption Quarterly-pay Securities ("SPARQS") mandatorily exchangeable for
shares of common stock of Juniper Networks Incorporated.  Trading under the
ticker symbol JNP, the 1.18 million shares of the new securities were issued at
$10.225 with a maturity date of June 15, 2005.

At maturity, holders will receive one half of one share of Juniper Networks
Incorporated common stock in exchange for each SPARQS, subject to the issuer's
right to call the SPARQS for the cash call price.

The issuer is Morgan Stanley and the Amex specialist unit for the new listing
is Wolverine Trading LLP.

If you would like to receive a copy of the prospectus for JNP, 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 138 ETFs.  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 http://www.amex.com/. 

DATASOURCE: The American Stock Exchange



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





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

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