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EXHIBIT 99(c)


IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
(Greenbelt Division)

CRIIMI MAE INC., et al.,   *   98-2-3115-DK
        (Chapter 11)
            Debtors.   *   (Jointly Administered)
         
*****    *    
         
CRIIMI MAE INC.,   *    
         
            Plaintiff,   *    
         
v.   *    
         
MORGAN STANLEY & CO.   *    
INTERNATIONAL LIMITED,       Adversary Proceeding
    *   No. 98-1565-DK
            Defendant.        
    *    
         
******   *   ******

STIPULATION EXTENDING WELLS FARGO STANDSTILL

    CRIIMI MAE Inc. ("CRIIMI MAE") and Morgan Stanley & Co. International Limited ("MSIL"), by their undersigned counsel, hereby stipulate and agree pursuant to paragraph two of the Stipulation and Consent Order Regarding Adversary Proceeding among CRIIMI MAE, MSIL and the Official Committee of Unsecured Creditors of CRIIMI MAE that the Wells Fargo Standstill Period shall be extended up through and including July 30, 1999.

 
/s/ 
GREGORY A. CROSS   
Richard L. Wasserman, Esquire
(Federal Bar No. 02784)
Gregory A. Cross, Esquire
(Federal Bar No. 04571-G)
Venable, Baetjer and Howard, LLP
1800 Mercantile Bank & Trust Bldg
2 Hopkins Plaza
Baltimore, Maryland 21201
(410) 244-7400
Co-Counsel for CRIIMI MAE Inc.
 
 
 
/s/ 
ANNE BARRY HOWE   
Thomas P. Ogden, Esquire
Anne Berry Howe, Esquire
Barbara D. Diggs, Esquire
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
(212) 450-4000
Of Counsel for Defendant
Morgan Stanley & Co.
International Limited
     
 
 
 
 
 
Stanley J. Reed, Esquire
(Federal Bar No. 00315)
Lauri Cleary, Esquire
(Federal Bar No. 06599)
Tamara A. Stoner, Esquire
(Federal Bar No. 08014)
Lerch, Early & Brewer, Chartered
3 Bethesda Metro Center, Suite 380
Bethesda, Maryland 20814
(301) 986-1300
Counsel for Defendant
Morgan Stanley & Co.
International Limited


CERTIFICATE OF SERVICE

    I HEREBY CERTIFY that on this 16th day of July, 1999 a copy of the foregoing Stipulation Extending Wells Fargo Standstill was sent by first class mail, postage prepaid to:

 
 
 
 
 
/s/ 
GREGORY A. CROSS   
Gregory A. Cross

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MARYLAND (Greenbelt Division)
STIPULATION EXTENDING WELLS FARGO STANDSTILL
CERTIFICATE OF SERVICE