MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 167,270 Value ($000) $7,166 Avg Close $34.36 Range $31.06 - $36.70

Q4 2016

Shares 1,139,328 Value ($000) $48,137 Avg Close $29.14 Range $23.75 - $33.99

Q4 2015

Shares 4,296,600 Value ($000) $136,675 Avg Close $25.00 Range $22.61 - $26.92

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	167,270	$7,166	$34.36	$31.06 - $36.70
Q4 2016	1,139,328	$48,137	$29.14	$23.75 - $33.99
Q4 2015	4,296,600	$136,675	$25.00	$22.61 - $26.92