EMM Disclosure

RNS Number:5126U
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       20 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           1,720

Highest price paid*                            $33.33

Lowest price paid*                             $33.33


Total number of securities sold                6,720

Highest price received*                        $33.65

Lowest price received*                         $30.00


*Currency must be stated






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