Correction: New Issue: Morgan Stanley prices $33.367 million notes linked to commodities basket, indexes

The Prospect News Structured Products Daily incorrectly reported the size of Morgan Stanley's offering of zero-coupon capital-protected notes due Dec. 30, 2010 linked to a basket of commodities and two indexes. The correct size is $33.367 million.

The basket includes equal weights of the Goldman Sachs Commodity Agricultural index - Excess Return, Goldman Sachs Commodity index - Gold Excess Return, grade A copper, primary nickel, special high-grade zinc and West Texas Intermediate light sweet crude oil.

The payout at maturity will be par plus any basket gain multiplied by the 128% participation rate. Investors will receive at least par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Capital-protected commodity-linked notes
Underlying assets:	Goldman Sachs Commodity Agricultural index - Excess Return, Goldman Sachs Commodity index - Gold Excess Return, grade A copper, primary nickel, special high-grade zinc and West Texas Intermediate light sweet crude oil, equally weighted
Amount:	$33.367 million
Maturity:	Dec. 30, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 128% of any basket gain; floor of par
Initial prices:	Goldman Sachs Commodity Agricultural index - Excess Return at 64.20646, Goldman Sachs Commodity index - Gold Excess Return at 62.21731, grade A copper at $6,852, primary nickel at $45,610, special high-grade zinc at $3,211 and West Texas Intermediate light sweet crude oil at $62.28
Pricing date:	March 23
Settlement date:	March 30
Agent:	Morgan Stanley & Co. Inc.
Fees:	2.5%

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