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EXHIBIT 99.4
DISCLAIMER
This information has been prepared in connection with the issuance of securities
representing interests in the above trust and is based in part on information
provided by Ames Capital Corporation It has been prepared solely for information
purposes and is not an offer to buy or sell or a solicitation of an offer to buy
or sell any security or instrument or to participate in any trading strategy.
This material is based on information that Morgan Stanley & Co. Incorporated
considers reliable. Morgan Stanley & Co. Incorporated makes no representation or
warranty with respect to the appropriateness, usefulness, accuracy or
completeness of the information or the assumptions on which it is based, or with
respect to the terms of any future offer of securities conforming to the terms
hereof. ANY SUCH OFFER OF SECURITIES WOULD BE MADE PURSUANT TO A DEFINITIVE
PROSPECTUS AND PROSEPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH COULD CONTAIN
MATERIAL INFORMATION NOT CONTAINED HEREIN AND TO WHICH THE PROSPECTIVE
PURCHASERS ARE REFERRED. SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN
ALL MATERIAL INFORMATION IN RESPECT OF ANY SECURITIES OFFERED THEREBY AND ANY
DECISION TO INVEST IN SUCH SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON
SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any such offering,
this information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus and Prospectus Supplement. The information contained
in this material may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from, this confirmation.
Additional information is available upon request, Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform or
seek to perform investment banking services for the issuers of such securities
and instruments. Past performance is not necessarily indicative of future
results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only Information in this material regarding any assets backing any
securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley & Co. Incorporated is acting as the co-manager and
underwriter and not acting as agent for the issuer or its affiliates in
connection with the proposed transaction. To our readers worldwide: In addition,
please note that this publication has been issued by Morgan Stanley, approved by
Morgan Stanley International Limited, a member of The Securities and Futures
Authority, any be Morgan Stanley Japan Ltd. We recommend that such investors
obtain the advice of their Morgan Stanley & Co. Incorporated, Morgan Stanley
International or Morgan Stanley Japan Ltd. representative about the investments
concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K.
SECURITIES AND FUTURES AUTHORITY.
MORGAN STANLEY DEAN WITTER
