Amendment No.1 dated October 25, 1996
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 July 19, 1996
Date:
Interest Payment October 17, 1996, January 17, 1997, April 17, 1997,
Dates: July 17, 1997, October 17, 1997, January 17, 1998,
April 17, 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 Plus 0.23% per annum
Minus):
Minimum $1,000
Denomination:
Interest Payment
Period: Quarterly
Specified Currency: U.S. Dollars
Issue Price: 100%
Settlement Date July 19, 1996
(Original Issue
Date):
Initial Interest Reset July 20, 1996, or if such day is not a Business Day,
Date: the next succeeding Business Day
Interest Reset Dates: Each Business Day
Interest Reset Period: Daily
Interest Determination Two Business Days prior to each Interest Reset Date
Dates:
Reporting Service: Telerate (Page 120 under the heading "Federal Funds
Effective Rate")
Book Entry Note or Book Entry Note
Certificated Note:
Senior Note or Senior Note
Subordinated 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
