08:56     MS-HSI @EC0512B<04918> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Index Call 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                         
    ----------      ----------------        ---------                         
    4918            MS-HSI @EC0512B         10,000 units                      
                                                                              
                                                                              
    Market participants are also requested to note that the stock short name  
    of currently listed 2005 European Style (Cash Settled) Index Call Warrants
    (stock code: 3632) issued by the Issuer will be changed to                
    "MS-HSI @EC0512A" with effect from Wednesday, 11/05/2005.