09:39     MS-HSI  @EC0511<04748> - New Listing                                

    Market participants are requested to note that dealings the in the 2005   
    European Style (Cash Settled) Call Warrants relating to the Hang Seng     
    Index issued by MSDW Asia Securities Products LLC will commence at        
    9:30 a.m. on Monday, 04/04/2005 under the following particulars:-         
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4748            MS-HSI  @EC0511         10,000 units