Filed pursuant to Rule 433
Registration
Statement No. 333-131266
Relating to Preliminary Terms No. 130
dated
October 25, 2006
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| GLOBAL MEDIUM-TERM NOTES, SERIES F |
| Senior Fixed Rate Notes |
| Pricing Sheet November 22, 2006 |
| 9% SPARQS due December 20, 2007 |
| Mandatorily Exchangeable for Shares of Common Stock of |
| Yahoo! Inc. |
| Stock Participation Accreting Redemption Quarterly-pay SecuritiesSM |
| (SPARQS®) |
| Issue Price | : | $14.245 per SPARQS |
| Exchange Ratio | : | .5 shares of Yahoo! Stock per SPARQS |
| Yield to Call | : | 19% |
| Interest Rate | : | 9% per annum |
| Interest Payment Dates | : | March 20, 2007, June 20, 2007, September 20, 2007 and the Maturity Date |
| Aggregate Principal Amount | : | $27,750,000.74 |
| Pricing Date | : | November 22, 2006 |
| Original Issue Date (Settlement Date) | : | November 30, 2006 |
| Listing | : | AMEX |
| Exchange Symbol | : | MYH |
| CUSIP | : | 61748A320 |
| Agent | : | Morgan Stanley & Co. Incorporated |
Preliminary
Terms No. 130 dated October 25, 2006
Prospectus
Supplement for SPARQS dated January 25, 2006
Prospectus
dated January 25, 2006