Morgan Stanley

As Agent Bank, please be advised of the following rate determined on:13-Jun-2006

Issue               : Morgan Stanley Dean Witter & Co - Series D
                      EUR 20,000,000 (MTN) FRN due Jun 2011
ISIN Number         : XS0126533107
Common Code /       : 126533107
144A ISIN
Issue Nomin    EUR  : 20,000,000.00
Period              : 15-Jun-2006 to 15-Sep-2006 Payment Date 15-Sep-2006
Number of Days      : 92
Rate                : 3.359
Denomination   EU   : 100,000.00        

Amount Payable 
per Denomination    : 858.41                 

JPMorgan Chase Bank
Rate Fix Desk                       Telephone   44(0) 1202 34 1286
Institutional Trust Services        Facsimile   44(0) 1202 34 7939

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