Internet Privacy Policy  
 
 
WHAT THIS PRIVACY POLICY COVERS
 
 
This policy only covers personal information that Morgan Stanley collects from visitors to the “Site”. “Personal information” is information about you that is personally identifiable, such as your name, address, email address, or phone number, and that is not otherwise publicly available. This policy does not apply to information collected by Morgan Stanley from its clients or visitors to password protected sections of the Site.
 
 
INFORMATION COLLECTION AND USE
 
 
General
 
Generally, you may visit and read the Site pages without offering any personal identification.
 
When information is requested, you may choose whether to provide your personal information to Morgan Stanley. Any such information may be entered into our data banks and used to provide you the product or service you are requesting, in our development of additional products and services and to manage our business. In addition, this information may be given to our employees, who may contact you to discuss products and services in which you may have an interest.
 
If you do not voluntarily enter your name and address on our pages, your visit to the site will be completely anonymous. We will be unable to identify you, and no one will contact you.
 
 
Children
 
Morgan Stanley operates general audience web sites, and we do not knowingly collect information from children.
 
 
INFORMATION SHARING AND DISCLOSURE
 
 
Morgan Stanley may share personal information about you with other people or affiliated or nonaffiliated companies to serve you better and manage our business, and when:
 
We do so to in order to respond to your requests or when we have your permission
We respond to subpoenas, court orders, or legal process, or establish or exercise our legal rights or defend against legal claims;
We believe it is necessary to share information in order to investigate, prevent, or take action regarding illegal activities, suspected fraud, situations involving potential threats to the physical safety of any person, violations of the Site’s Terms of Use, or as otherwise required or permitted by law.
We may transfer information about you if Morgan Stanley is acquired by or merged with another company. In this event, Morgan Stanley will notify you by notice on this Site before your personal information becomes subject to a different privacy policy.
 
 
CONFIDENTIALITY AND SECURITY
 
 
We have physical, electronic, and procedural safeguards that comply with federal regulations to protect personal information about you.
 
 
CHANGES TO THIS PRIVACY POLICY
 
 
Morgan Stanley may update this policy. We will notify you about significant changes in the way we treat personal information by posting an updated policy on our site. Any changes will apply to use and disclosure of information previously collected.
 
If you have any questions, please contact: internetadmin@morganstanley.com
 
(Effective Date: July 1, 2004)