09:07     MS-HSI @EP0511D<04921> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Index Put Warrants relating to the Hang Seng
    Index issued by MSDW Asia Securities Products LLC (the "Issuer") will     
    commence at 9:30 a.m. on Wednesday, 11/05/2005 under the following        
    particulars:-                                                             
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4921            MS-HSI @EP0511D         10,000 units                      
                                                                              
                                                                              
    Market participants are also requested to note that the stock short name  
    of currently listed 2005 European Style (Cash Settled) Put Warrants       
    (stockcode: 4753) issued by the Issuer will be changed to                 
    "MS-HSI @EP0511B" with effect from Wednesday, 11/05/2005.