NEW YORK, Dec. 26 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) opens trading today on Morgan Stanley's 9% SPARQS Linked to Exxon Mobil Corporation. Priced at $23.3575 per unit with an initial offer size of 1,007,896 units, this equity trades under the ticker symbol SEM and has a maturity date of January 20, 2009. The notes are issued by Morgan Stanley. The Amex specialist unit is Kellogg Capital Group. If you would like to receive a copy of the prospectus for SEM, please visit the American Stock Exchange website at http://www.amex.com/. About American Stock Exchange The American Stock Exchange(R) (Amex(R)) 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 380 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. For more information, please visit http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT: Catherine Chantharaj of American Stock Exchange, +1-212-306-1689, Web site: http://www.amex.com/

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