PROSPECTUS Dated May 1, 1996 Pricing Supplement No. 34 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655
Dated May 1, 1996 August 21, 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.
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<S> <C>
Principal Amount: $15,000,000
Maturity Date: August 26, 1997; 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: August 30, 1996
Interest Payment
Dates: The twenty-sixth day of each month, commencing September 26, 1996. 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 next preceding day that is a Business Day
Initial Interest Rate: 5.36625%
Base Rate: LIBOR
Index Maturity: 1 Month
Spread (Plus or
Minus): Minus 0.04% per annum
Minimum
Denomination: $1,000
Interest Payment
Period: Monthly
Specified Currency: U.S. Dollars
Issue Price: 99.960%
Settlement Date
(Original Issue
Date): August 30, 1996
Initial Interest Reset
Date: September 26, 1996, or if such day is not a Business Day, the next succeeding
Business Day, except that if such Business Day is in the next succeeding
calendar month, such Initial Interest Reset Date shall be the next preceding
day that is a Business Day
Interest Reset Dates: Same as Interest Payment Dates
Interest Reset Period: Monthly
Interest Determination
Dates: Two London Banking Days prior to each Interest Reset Date
Reporting Service: Telerate (Page 3750)
Book Entry Note or
Certificated Note: Book Entry Note
Senior Note or
Subordinated Note: Senior Note
Calculation Agent: The Chase Manhattan Bank
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Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
Incorporated
