PROSPECTUS Dated May 1, 1996 Pricing Supplement No. 50 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655
Dated May 2, 1996 Dated November 22, 1996; Rule 424(b)(3)
Morgan Stanley Group Inc.
GLOBAL MEDIUM-TERM NOTES, SERIES E
Senior Euro Fixed Rate Redeemable Bearer Notes Due December 20, 2001
The Global Medium-Term Notes, Series E (Senior Euro Fixed Rate
Redeemable Bearer Notes Due December 20, 2001) described in this Pricing
Supplement (the "Notes") will mature on the Maturity Date. The Notes will be
redeemable at the option of Morgan Stanley Group Inc. (the "Company") upon 30
to 35 calendar days' notice on any Interest Payment Date, in accordance with
the procedures set forth under "Description of Notes - Optional Redemption" in
the accompanying Prospectus Supplement and under the circumstances described
under "Description of Notes--Tax Redemption" in the accompanying Prospectus
Supplement. The Notes will be issued only in bearer form, which form is
further described under "Description of Notes--Forms, Denominations, Exchange
and Transfer" in the accompanying Prospectus Supplement. Notes in bearer form
will not be exchangeable at any time for Notes in registered form.
The Notes are further described under "Description of
Notes--Fixed 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: YEN 1,000,000,000
MATURITY DATE: December 20, 2001
DATE OF ISSUANCE AND SETTLEMENT DATE: December 20, 1996
INTEREST ACCRUAL DATE: December 20, 1996
TOTAL AMOUNT OF OID: N/A
ORIGINAL YIELD TO MATURITY: N/A
ISSUE PRICE: 100%
REDEMPTION PRICE: 100%
PAYING AGENT: The Chase Manhattan Bank (London Branch)
INITIAL REDEMPTION DATE: Redeemable in whole, but not in part, at the option
of Morgan Stanley Group Inc. upon 30 to 35 calendar
days' notice on any Interest Payment Date
INITIAL REDEMPTION PERCENTAGE: 100%
ANNUAL REDEMPTION PERCENTAGE REDUCTION: N/A
INITIAL ACCRUAL PERIOD OID: N/A
INTEREST RATES: 1.25% per annum on December 20, 1997, 1.75% per annum on
December 20, 1998, 2.40% per annum on December 20,
1999, 2.75% per annum on December 20, 2000 and 3.00%
per annum on December 20, 2001
INTEREST PAYMENT DATES: Each December 20, commencing December 20, 1997
APPLICABILITY OF MODIFIED PAYMENT UPON ACCELERATION: N/A
IF YES, STATE ISSUE PRICE: N/A
OPTIONAL REPAYMENT DATE(S): N/A
DENOMINATIONS: YEN 100,000,000
SPECIFIED CURRENCY: Japanese Yen
CALCULATION AGENT: The Chase Manhattan Bank (London Branch)
BUSINESS DAYS: Tokyo, New York, London
ISIN: XS0071655954
COMMON CODE: 7165595
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
International
