XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MSDWCI MS SERIES 2002-HQ CLASS A3
------------------------------------------------------------------------------------------------------------------------------------
Class A3 Settlement Date 03/27/2002 Coupon 6.49000 Cusip N/A
Original Balance 363,674,000.00 Dated Date 03/01/2002 Delay 14 Yield Table Date 03/20/2002
Current Balance 363,674,000.00 First Payment Date 04/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating Aaa/AAA Next Payment Date 04/15/2002 Orig Deal Size 845,945,104.00 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD |
------------------------------------------------------------------------------------------------------------------------------------
100.1690 | 6.5167 6.5166 6.5165 6.5164 6.5155
100.2002 | 6.5121 6.5120 6.5120 6.5118 6.5109
100.2315 | 6.5075 6.5075 6.5074 6.5072 6.5062
100.2627 | 6.5030 6.5029 6.5028 6.5027 6.5016
100.2940 | 6.4984 6.4984 6.4983 6.4981 6.4969
100.3252 | 6.4939 6.4938 6.4937 6.4935 6.4923
100.3565 | 6.4893 6.4892 6.4891 6.4890 6.4877
100.3877 | 6.4848 6.4847 6.4846 6.4844 6.4830
100.4190 | 6.4802 6.4801 6.4800 6.4798 6.4784
100.4502 | 6.4757 6.4756 6.4755 6.4753 6.4738
100.4815 | 6.4711 6.4710 6.4709 6.4707 6.4691
100.5127 | 6.4666 6.4665 6.4663 6.4661 6.4645
100.5440 | 6.4621 6.4619 6.4618 6.4616 6.4599
100.5752 | 6.4575 6.4574 6.4572 6.4570 6.4553
100.6065 | 6.4530 6.4529 6.4527 6.4525 6.4506
100.6377 | 6.4484 6.4483 6.4482 6.4479 6.4460
100.6690 | 6.4439 6.4438 6.4436 6.4433 6.4414
100.7002 | 6.4394 6.4392 6.4391 6.4388 6.4368
100.7315 | 6.4348 6.4347 6.4345 6.4342 6.4322
100.7627 | 6.4303 6.4302 6.4300 6.4297 6.4276
100.7940 | 6.4258 6.4256 6.4255 6.4252 6.4229
AVERAGE LIFE | 9.3645 9.3522 9.3360 9.3110 9.1307
FIRST PRIN | 06/15/2010 06/15/2010 06/15/2010 06/15/2010 04/15/2010
LAST PRIN | 02/15/2012 02/15/2012 02/15/2012 02/15/2012 11/15/2011
PAYMENT WINDOW | 21 21 21 21 20
ACCRUAL FACTOR | 0.4687 0.4687 0.4687 0.4687 0.4687
MOD DURATION @ 100.4815 | 6.8132 6.8067 6.7981 6.7849 6.6884
Page 1 of 1
------------------------------------------------------------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective sophisticated investors in order to assist them in
determining whether they have an interest in the type of security described herein. 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. No representation or warranty can be given with respect to the accuracy or completeness of the
information, 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 or Private Placement Memorandum, as the case may be, prepared by the
issuer which could contain material information not contained herein and to which the prospective purchasers are referred. In the
event of any such offering, this information shall be deemed superseded, amended and supplemented in its entirety by such Prospectus
or Private Placement Memorandum. Such Prospectus or Private Placement Memorandum 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
or Private Placement Memorandum. Certain assumptions may have been made in this analysis which have resulted in any returns detailed
herein. No representation is made that any returns indicated will be achieved. Changes to the assumptions may have a material impact
on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated 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
information. Additional information is available upon request. Xxxxxx Xxxxxxx & Co. Incorporated 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. To our readers worldwide: In addition,
please note that this publication has been issued by Morgan Stanley&Co. Incorporated, approved by Xxxxxx Xxxxxxx International
Limited, a member of The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. We recommend that such investors obtain
the advice of their Xxxxxx Xxxxxxx & Co. Incorporated, Xxxxxx Xxxxxxx International or Xxxxxx Xxxxxxx Japan Ltd. representative
about the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
