Morgan Stanley


As Agent Bank, please be advised of the following rate determined on:13-Dec-2006
Issue               : Morgan Stanley Dean Witter & Co - Class D
                      EUR20,000,000 (MTN) FRN due Jun 2011
ISIN Number         : XS0126533107
Common Code /         126533107
144A ISIN
Issue Nomin     EUR : 20,000,000.00
Period              : 15-Dec-2006 to 15-Mar-2007  Payment Date 15-Mar-2007
Number of Days      : 90
Rate                : 4.074
Denomination    EU  : 100,000.00
Amount Payable
per Denomination    : 1,018.50

Institutional       Telephone   44(0) 1202 32 8236
Trust Services      Facsimile   44(0) 1202 34 7939



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