EMM Disclosure

RNS Number:4778U
Morgan Stanley & Co. Int'l Ltd.
21 January 2004

                           EMM DISCLOSURE


                                                    FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel.  Use a separate form
for each class of securities in which dealings have been made.


                      CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM   MORGAN STANLEY & CO INTERNATIONAL LIMITED

Date of disclosure   21 JANUARY 2004

Contact name    GEORGE SOBEK

Telephone number    020 7677 2488

Please see attached disclosure of dealings under Rule 38.5 in the securities 
of the following companies:


GENERAL ELECTRIC COMPANY




AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:





In the case of option business or dealings in derivatives full details should 
be given on a separate sheet so that the nature of the dealings can be fully 
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date),
the exercise price and any option money paid or received.  For derivative
this should include, at least, the number of reference securities to which
they relate (when relevant), the maturity date (or if applicable the closing
out date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129



                                                          FORM 38.5

                   CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in    GENERAL ELECTRIC COMPANY                 (name of company)

Class of security   COMMON STOCK

Date of disclosure   21 JANUARY 2004

Date of dealing      16 JANUARY 2004

Name of EMM          MORGAN STANLEY & CO INTERNATIONAL LIMITED

Name of offeree/offeror with whom connected  AMERSHAM PLC (OFFEREE)


Total number of securities purchased     12,400

Highest price paid* : $32.27

Lowest price paid*  : $32.27


Total number of securities sold  12,400

Highest price received* : $32.40

Lowest price received*  : $32.40


*Currency must be stated

DERIVATIVES
                                     Strike 
Product       Date of     Buy/Sell   Price          Expiry    Underlying   Highest    Lowest
Description   Dealing                (USD)          Date         Shares    Premium   Premium


CALL-GE       16/01/2004    B         30           01/17/2004    400000      2.45     2.45
CALL-GE       16/01/2004    S         30           01/17/2004    400000      2.45     2.45




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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