PROSPECTUS Dated May 1, 1996 Pricing Supplement No. 25 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655
Dated May 1, 1996 July 16, 1996
Rule 424(b)(3)
Morgan Stanley Group Inc.
MEDIUM-TERM NOTES, SERIES C
Senior Floating Rate Notes
The Medium-Term Notes, Series C (Senior Floating Rate Notes) described in
this Pricing Supplement (the "Notes") will mature on the Maturity Date and
will not be redeemable at the option of Morgan Stanley Group Inc. prior to the
Maturity Date. The Notes are further described under "Description of Notes --
Floating Rate Notes" in the accompanying Prospectus Supplement, except that to
the extent the terms described below are inconsistent with such description,
the terms described below shall control.
Principal Amount: $25,000,000
Maturity Date: July 17, 1998; provided that if such day is not a
Business Day, the payment of principal and interest
will be made on the next succeeding Business Day,
and no interest on such payment shall accrue for
the period from and after the Maturity Date
Interest Accrual
Date: July 19, 1996
Interest Payment
Dates: October 19, 1996, January 19, 1997, April 19, 1997,
July 19, 1997, October 19, 1997, January 19, 1998,
April 19, 1998, and July 17, 1998. If any such
day (other than the Maturity Date) is not a
Business Day, such Interest Payment Date will be
the next succeeding Business Day, except that if
such Business Day is in the next succeeding
calendar month, such Interest Payment Date shall
be the immediately preceding day that is a
Business Day
Initial Interest
Rate: To be determined on the second Business Day next
preceding the Original Issue Date
Base Rate: Federal Funds Rate
Index Maturity: 1-Day
Spread (Plus or
Minus): Plus 0.23% per annum
Minimum
Denomination: $1,000
Interest Payment
Period: Quarterly
Specified Currency: U.S. Dollars
Issue Price: 100%
Settlement Date
(Original Issue
Date): July 19, 1996
Initial Interest
Reset Date: July 20, 1996, or if such day is not a Business Day,
the next succeeding Business Day
Interest Reset
Dates: Each Business Day
Interest Reset
Period: Daily
Interest Determination
Dates: Two Business Days prior to each Interest Reset Date
Reporting Service: Telerate (Page 120 under the heading "Federal
Funds Effective Rate")
Book Entry Note or
Certificated Note: Book Entry Note
Senior Note or
Subordinated Note: Senior Note
Calculation Agent: The Chase Manhattan Bank
Capitalized terms not defined above have the meanings given to such
terms in the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
Incorporated
