PROSPECTUS Dated March 29, 1995 Pricing Supplement No. 73 to
PROSPECTUS SUPPLEMENT Registration Statement No. 33-57833
Dated March 29, 1995 April 26, 1996
Rule 424(b)(3)
Morgan Stanley Group Inc.
MEDIUM-TERM NOTES, SERIES C
Senior Fixed Rate Notes
The Fixed Rate Notes, as further described below and in the Prospectus
Supplement under "Description of Notes -- Fixed Rate Notes," will bear
interest from the date of issuance until the principal amount thereof is paid
or made available for payment at the rate set forth below.
<TABLE>
<S> <C> <C> <C>
Principal Amount: $150,000,000 Redemption
Percentage: N/A
Maturity Date: May 1, 2001
Annual Redemption
Interest Rate: 6.70% per annum Percentage
Reduction: N/A
Interest Accrual
Date: May 1, 1996 Interest Payment
Period: Semiannually
Settlement Date
(Original Issue Specified Currency: U.S. Dollars
Date) May 1, 1996
Issue Price: 99.807%
Interest Payment
Dates: The first day of each Book Entry Note or
May and November, Certificated Note: Book Entry Note
commencing November
1, 1996, or, if such Senior Note or
day is not a Business Subordinated Note: Senior Note
Day, the next
succeeding Business Total Amount of OID: N/A
Day.
Original Yield to
Redemption Dates: N/A Maturity: N/A
Minimum Initial Accrual
Denomination: $1000 Period OID: N/A
Trustee: Chemical Bank
</TABLE>
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
Incorporated
