March 05, 2002

Discover® Card Account Center Launches Online Sweepstakes

RIVERWOODS, Ill., March 5, 2002…Discover Financial Services, a business unit of Morgan Stanley (NYSE:MWD), today announced that the Account Center at has registered over eight million Cardmembers, an increase of 61 percent since January 2001.

In addition to this milestone, Discover® Card has launched an online sweepstakes on From now until May 31, 2002, Cardmembers who register and pay their Discover Card bills online using the SmartCheckSM payment option will automatically be entered in the sweepstakes. One lucky grand prize sweepstakes winner will take home $10,000 in cash. Plus, 15 Discover Cardmembers will win $1000 each and 30 Discover Cardmembers will win $100 each.

The SmartCheck payment option is a free, convenient way for Cardmembers to pay their Discover Card bills online. Plus, it's fast, economical and safe to use. By registering at the Account Center, Discover Cardmembers also have access to Discover Inter@ctive, a free service that offers eight e-mail notifications and reminders regarding the status of their Discover Card accounts.

"Our Cardmembers are benefiting from the convenience of our online services and we are very pleased that Discover Card's Account Center continues to grow at such a rapid rate," said Colleen Zambole, vice president, Electronic Commerce, Discover Financial Services, Inc. "Discover Financial Services is committed to making online financial services safer and simpler while providing the most innovative and useful financial solutions for our Cardmembers."

In an April 2001 study by Brittain Associates, Inc., over four million U.S. consumers claimed that Discover Card is the credit card they reach for most often when buying online, making it consumers' favorite credit card for online purchasing.

Discover Financial Services, a business unit of Morgan Stanley, operates the Discover Card brands and the Discover Business Services network for its more than 50 million Cardmembers. Discover Business Services is the largest independent credit card network in the United States with approximately 4 million merchant and cash access locations.