PROSPECTUS Dated March 29, 1995 Pricing Supplement No. 53 to
PROSPECTUS SUPPLEMENT Registration Statement No. 33-57833
Dated March 29, 1995 Dated February 22, 1996; Rule 424(b)(3)
Morgan Stanley Group Inc.
GLOBAL MEDIUM-TERM NOTES, SERIES E
Senior Euro Fixed Rate Bearer Notes Due March 25, 1999
The Global Medium-Term Notes, Series E (Senior Euro Fixed Rate Bearer Notes
Due March 25, 1999) described in this Pricing Supplement (the "Notes") will
mature on the Maturity Date. The Notes will not be redeemable at the option
of Morgan Stanley Group Inc. (the "Company") prior to the Maturity Date other
than 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.
<TABLE>
<S> <C> <C>
PRINCIPAL AMOUNT: INITIAL REDEMPTION DATE: APPLICABILITY OF MODIFIED
YEN 500,000,000 N/A PAYMENT UPON ACCELERATION:
N/A
MATURITY DATE: INITIAL REDEMPTION
March 25, 1999 PERCENTAGE: N/A IF YES, STATE ISSUE PRICE: N/A
DATE OF ISSUANCE AND ANNUAL REDEMPTION OPTIONAL REPAYMENT DATE(S):
SETTLEMENT DATE: PERCENTAGE REDUCTION: N/A
March 25, 1996 N/A
DENOMINATIONS:
INTEREST ACCRUAL DATE: INITIAL ACCRUAL PERIOD OID: YEN 100,000,000
March 25, 1996 N/A
SPECIFIED CURRENCY:
TOTAL AMOUNT OF OID: INTEREST RATE: 2.12% Japanese Yen
N/A
INTEREST PAYMENT DATES: CALCULATION AGENT:
ORIGINAL YIELD TO MATURITY: The twenty-fifth day of March in N/A
N/A each year commencing March 25,
1997, or if such day is not a COMMON CODE: 6440703
ISSUE PRICE: Business Day, the next succeeding
100.25% Business Day ISIN: XS0064407033
REDEMPTION PRICE: 100.00% BUSINESS DAYS:
Tokyo, London, New York
PAYING AGENT:
Chemical Bank N.A.
(London Branch)
</TABLE>
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
Morgan Stanley & Co.International
