Morgan Stanley Dean Witter, along with Goldman, Sachs & Co. and Norwest launched the $689,003,372 Morgan Stanley DW Capital Trust 2000-Life 1 commercial-backed securities conduit last week, which was slated to price last Friday (see deal data below).

The price guidance indicated that Morgan Stanley started out at Libor plus 30 for the five-year and Libor + 40 for the 10-year; however, new price guidance was sent out later in the day indicating Libor plus 26-28 on the five-year and Libor +40 on the 10-year.

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