0456 per share of long-term capital
gains.

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--- -Regions
Financial Corporation (NYSE: RF) once again has been named to the
Fortune list of Most Admired Superregional Banks in the United States,
coming in at No.

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(RNE)
For further information , please contact:
Mark Kucera, JPMorgan Investor Services
Phone Number: (617) 557-8844

For media inquiries only, please contact:
Chad Peterson, Morgan Stanley Investment Management
Phone Number: (212) 762-9612

regions.com

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About Regions Financial Corporation

Regions Financial Corporation (NYSE: RF), headquartered in
Birmingham , Ala.

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Its investment and securities
brokerage, trust and asset management division, Morgan Keegan +
Company Inc.

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NEW YORK, Morgan Stanley Eastern Europe
Fund, Inc.

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Contact: Morgan Stanley Eastern Europe Fund, Inc.

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The poll, conducted by an independent research firm,
surveyed 10,000 executives, directors and analysts about the companies
in their industries.

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Morgan Stanley Eastern Europe Fund Inc. Today Declared Mid-Year Distribution

With its merger with former Union Planters Corp.1 billion as of Dec.

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The division offers wealth management
services to a diverse client base, which includes governments, institutions,
corporations and individuals.

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With more than 600
offices in 28 countries, Morgan Stanley connects people, ideas , and capital to
help clients achieve their financial aspirations.
"We recognize that particular value is key to the use of corporate
assets and to social responsibility," Jones said, "and we are
fortunate that it has long been a part of our culture.

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RECORD DATE PAYABLE DATE

06/30/05 07/15/05

Morgan Stanley Eastern Europe Fund, Inc. 31, 2004, making it one
of the nation's Top 15 financial services providers.

former middle

, (MSIM) a
unit of Morgan Stanley. complete,
Regions had assets of $84.

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MSIM, with over 400 investment professionals around
the world, has more than $427 billion in assets under management or
supervision as of February 28, 2005. 8 for 2005.
The ranking, published in the magazine's March 7 issue, is a
result of Fortune's annual poll to determine America's Most Admired
Companies. Additional
information about the new Regions, which is a member of both the
Forbes and Fortune 500 and operates one of the Top 20 mortgage
companies in the United States, can be found at www.

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Companies in 65 industries were evaluated based
on eight criteria: social responsibility, innovation, long-term
investment value , use of corporate assets, employee talent, financial
soundness, quality of products/services and quality of management.

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(the "Fund") is a closed-end
management investment company seeking to achieve long-term capital
appreciation through investments primarily in equity securities that are
likely to benefit from market and political developments in Russia, the other
former Soviet Republics and in other countries in Central and Eastern Europe.
The Fund's advisor is Morgan Stanley Investment Management Inc.

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Regions received its highest rankings in the categories of social
responsibility , use of corporate assets and quality of management., is a full-service provider of retail and commercial
banking, securities brokerage, mortgage, and insurance products and
services.

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Regions Makes Fortune Most Admired List Again

, provides services from more than 240 offices.

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Morgan Stanley is a global financial services firm and a market leader in
securities, investment management and credit services.
"On behalf of all Regions associates, allow me to say how proud we
are to once again be recognized in this fashion," said Regions
Chairman and Chief Executive Officer Carl E. Jones Jr.

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Business Editors

BIRMINGHAM, Ala.

middle former

(NYSE: RNE) today declared a mid-year distribution of $0. Regions' banking
subsidiaries, Regions Bank and Union Planters Bank, operate some 1,400
offices and a 1,700-ATM network across a 15-state geographic footprint
in the South, Midwest and Texas.

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4509 per
share of short-term capital gains and $2. "Our focus on
customer service and shareholder return is built on a base of shared
values, one of which is doing the right thing.