<SUBMISSION>
<ACCESSION-NUMBER>0000950103-06-002697
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20061124
<ITEMS>9.01
<FILING-DATE>20061128
<DATE-OF-FILING-DATE-CHANGE>20061128
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MORGAN STANLEY
<CIK>0000895421
<ASSIGNED-SIC>6211
<IRS-NUMBER>363145972
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11758
<FILM-NUMBER>061242350
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1585 BROADWAY
<CITY>NEW YORK
<STATE>NY
<ZIP>10036
<PHONE>212-761-4000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1585 BROADWAY
<CITY>NEW YORK
<STATE>NY
<ZIP>10036
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MORGAN STANLEY DEAN WITTER & CO
<DATE-CHANGED>19980326
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DEAN WITTER DISCOVER & CO
<DATE-CHANGED>19960315
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dp04124_8k.htm
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  <TD align=center>&nbsp;</TD>
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	<TD align=center width=99%>
<B><FONT size=5 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B>	</TD>
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	<TD align=center width=99%>
<B><FONT size=5 face="serif">WASHINGTON, D.C. 20549</FONT></B>	</TD>
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  <TD>&nbsp;</TD>
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<B><FONT size=5 face="serif">FORM 8-K</FONT></B>	</TD>
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	<TD>&nbsp;	</TD>
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	<TD align=center width=99%>
<B><FONT size=5 face="serif">CURRENT REPORT</FONT></B>	</TD>
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<B><FONT size=5 face="serif">Pursuant To Section 13 or 15(d) of</FONT></B>	</TD>
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<B><FONT size=5 face="serif">the Securities Exchange Act of 1934</FONT></B>	</TD>
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<FONT size=2 face="serif">Date of report (Date of earliest event reported): November 24, 2006</FONT>
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	<TD>&nbsp;

	</TD>
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<B><FONT size=5 face="serif">Morgan Stanley</FONT></B>
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<FONT size=1 face="serif">(Exact Name of Registrant</FONT>
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	<TD align=center width=100%>
<FONT size=1 face="serif">as Specified in Charter)</FONT>
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<B><FONT size=2 face="serif">Delaware</FONT></B></TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">
<B><FONT size=2 face="serif">001-11758</FONT></B></TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">
<B><FONT size=2 face="serif">36-3145972</FONT></B></TD>
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	<TD width=30% align=center valign="top">
<FONT size=1 face="serif">(State or Other Jurisdiction of Incorporation)</FONT></TD>
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<FONT size=1 face="serif">(Commission File Number)</FONT>	</TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">
<FONT size=1 face="serif">(IRS Employer Identification No.)</FONT></TD>
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<TR>
	<TD width="30%" align="center" valign="top">&nbsp;	</TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD width="30%" align="center" valign="top">&nbsp;</TD>
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    <TD width="30%" align="center" valign="top">&nbsp;</TD>
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	<TD width=30% align=center valign="top">
<B><FONT size=2 face="serif">1585 Broadway, New York, New York</FONT></B></TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">&nbsp;	</TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">
<B><FONT size=2 face="serif">10036</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD width=30% align=center valign="top">
<FONT size=1 face="serif">(Address of Principal Executive Offices)</FONT></TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
	<TD width=30% align=center valign="top">&nbsp;	</TD>
	<TD  width=5% valign="top">&nbsp;	</TD>
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<FONT size=1 face="serif">(Zip Code)</FONT></TD>
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<BR>
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<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: (212) 761-4000</FONT>	</TD>
</TR>
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<B><FONT size=2 face="serif">Not Applicable</FONT></B>	</TD>
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<FONT size=2 face="serif">(Former Name or Former Address, if Changed Since Last Report)</FONT>	</TD>
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  <TD align=center><HR align="center" width="17%" size=1 noshade></TD>
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<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
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<TR valign="bottom">
  <TD width=8% align=center valign="top"><font size="3" face="Wingdings">o</font></TD>
	<TD width=92% align=left valign="top">
<FONT size=2 face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT>	</TD>
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  <TD width=8% align=center valign="top"><font size="3" face="Wingdings">o</font></TD>
	<TD width=92% align=left valign="top">
<FONT size=2 face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=8% align=center valign="top"><font size="3" face="Wingdings">o</font></TD>
	<TD width=92% align=left valign="top">
<FONT size=2 face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=8% align=center valign="top"><font size="3" face="Wingdings">o</font></TD>
	<TD width=92% align=left valign="top">
<FONT size=2 face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT>	</TD>
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<P align="left">
<B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Item 9.01(d) . Exhibits</FONT></B></P>
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<FONT size=2 face="serif">8</FONT></TD>
	<TD width=95%>
<FONT size=2 face="serif">Tax Opinion of Davis Polk &amp; Wardwell, dated November 24, 2006, relating to the registrant&#146;s Global Medium-Term Notes, Series F, Senior Notes, Review Notes Linked to an Index or Indices, as described in the
Prospectus Supplement dated November 24, 2006 and the Prospectus dated January 25, 2006 related to Registration Statement No. 333-131266.</FONT>	</TD>
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<P align="center">
<B><FONT size=2 face="serif">SIGNATURES</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>
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	<TD align=left width=6%>&nbsp;	</TD>
	<TD align=left width=29%>&nbsp;	</TD>
	<TD  width=15%>&nbsp;	</TD>
	<TD colspan=3 align=left nowrap>
<FONT size=2 face="serif">MORGAN STANLEY</FONT>	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left width=6%>&nbsp;	</TD>
	<TD align=left width=29%>&nbsp;	</TD>
	<TD  width=15%>&nbsp;	</TD>
	<TD colspan="3" align=left nowrap>
<FONT size=2 face="serif">(Registrant)</FONT>			</TD>
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<TR>
	<TD width="6%" align="left">&nbsp;	</TD>
    <TD width="29%" align="left">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%" nowrap>&nbsp;</TD>
    <TD width="7%" align="left" nowrap>&nbsp;</TD>
    <TD width="40%" align="left">&nbsp;</TD>
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<FONT size=2 face="serif">Date:</FONT>	</TD>
	<TD align=left width=29%>
<FONT size=2 face="serif">November 28, 2006</FONT>	</TD>
	<TD  width=15%>&nbsp;	</TD>
	<TD width=3% align=left nowrap>
<FONT size=2 face="serif">By:</FONT>	&nbsp;&nbsp;</TD>
	<TD colspan="2" align="left" nowrap><FONT size=2 face="serif">&nbsp;/s/ W. Gary Beeson</FONT>		</TD>
  </TR>
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	<TD width="6%" align="left">	</TD>
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<HR align="left" width="60%" size=1 noshade>	</TD>
	<TD width="15%">&nbsp; </TD>
	<TD width="3%" nowrap>	</TD>
	<TD colspan="2" align="left" nowrap>
      <HR align="left" width="65%" size=1 noshade>	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left width=6%>&nbsp;	</TD>
	<TD align=left width=29%>&nbsp;	</TD>
	<TD  width=15%>&nbsp;	</TD>
	<TD width=3% align=left nowrap>&nbsp;</TD>
	<TD  width=7% align="left" nowrap><font size=2 face="serif">Name:</font> </TD>
	<TD align=left width=40%>
<FONT size=2 face="serif">W. Gary Beeson</FONT>	</TD>
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<TR valign="bottom">
	<TD align=left width=6%>&nbsp;	</TD>
	<TD align=left width=29%>&nbsp;	</TD>
	<TD  width=15%>&nbsp;	</TD>
	<TD width=3% align=left nowrap>&nbsp;</TD>
	<TD  width=7% align="left" nowrap><font size=2 face="serif">Title:</font> </TD>
	<TD align=left width=40%>
<FONT size=2 face="serif">Assistant Secretary and Counsel</FONT>	</TD>
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<TR>
  <TD colspan="2" align="center" valign=top nowrap><p align="center"> <b><font size=2 face="serif">INDEX
    TO EXHIBITS</font></b></p></TD>
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<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
  <TD align="center" valign="top">&nbsp;</TD>
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  <TD align="left" valign=top nowrap><u><font size=2 face="serif">Exhibit No.</font></u></TD>
  <TD width=90% align="center" valign="top"><u><font size=2 face="serif">Description</font></u></TD>
</TR>
<TR>
  <TD width="10%" align="left" valign=top nowrap>&nbsp;</TD>
  <TD width=90% align="left" valign="top">&nbsp;</TD>
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	<TD width="10%" align="left" valign=top nowrap>
<FONT size=2 face="serif">8</FONT></TD>
	<TD width=90% align="left" valign="top">
<FONT size=2 face="serif">Tax Opinion of Davis Polk &amp; Wardwell, dated November 24, 2006, relating to the registrant&#146;s Global Medium-Term Notes, Series F, Senior Notes, Review Notes Linked to an Index or Indices, as described in the
Prospectus Supplement dated November 24, 2006 and the Prospectus dated January 25, 2006 related to Registration Statement No. 333-131266.</FONT>	</TD>
</TR>
<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
  <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
  <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
  <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
  <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR>
  <TD align="left" valign=top nowrap>&nbsp;</TD>
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<DOCUMENT>
<TYPE>EX-8
<SEQUENCE>2
<FILENAME>dp04124_ex08.htm
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<blockquote>
  <p align="right"><FONT size="2" face="serif">Exhibit 8</FONT>
  </p>
</blockquote>
  <div align="center">
    <TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=75%>
      <TR>
        <TD VALIGN="TOP" COLSPAN=3>
          <P ALIGN="CENTER"><font size="5" face="EngraversGothic BT,Arial">DAVIS
          POLK &amp; WARDWELL</font></TD>
      </TR>
      <TR>
        <TD WIDTH="27%" rowspan="5" align="center" VALIGN="TOP"><FONT FACE="EngraversGothic BT,Arial" SIZE=1>1300
          I STREET, N.W.<br>
          WASHINGTON, D.C. 20005
          <br>
          ________<br>
          <br>
          1600 EL CAMINO REAL<br>
          MENLO PARK, CA 94025<br>
        ________<br>
        <br>
        99
        GRESHAM STREET<br>
        LONDON EC2V 7NG<br>
        ________<br>
        <br>
        15,
        AVENUE MATIGNON<br>
        75008 PARIS</FONT></TD>
        <TD WIDTH="44%" align="center" VALIGN="top">
          <P ALIGN="CENTER"><FONT size="3" FACE="EngraversGothic BT,Arial">450 LEXINGTON AVENUE<BR>
            NEW YORK, N.Y. 10017 </FONT><font face="EngraversGothic BT,Arial" size=1><br>
            212 450 4000<br>
            FAX 212 450 3800 <br>
            </font></TD>
        <TD WIDTH="29%" rowspan="5" align="center" VALIGN="TOP"><FONT FACE="EngraversGothic BT,Arial" SIZE=1>MESSETURM<br>
          60308 FRANKFURT AM MAIN<br>
          ________<br>
          <br>
          MARQU&#201;S DE LA ENSENADA, 2<br>
          28004 MADRID<br>
          ________<br>
          <br>
          1-6-1
          ROPPONGI<BR>
          MINATO-KU, TOKYO 106-6033 <br>
          ________<br>
          <br>
          3A CHATER
          ROAD<BR>
        HONG KONG </font></TD>
      </TR>
      <TR>
        <TD align="center" VALIGN="top"><font face="EngraversGothic BT,Arial" size=1><br>
        WRITER&#146;S DIRECT<br>
        <br>
        212
        450 4000</font></TD>
      </TR>
      <TR>
        <TD WIDTH="44%" VALIGN="TOP">        </TD>
      </TR>
      <TR>
        <TD VALIGN="middle">&nbsp;</TD>
      </TR>
      <TR>
        <TD WIDTH="44%" VALIGN="TOP">
          <font face="EngraversGothic BT,Arial"><font size="1"></font></font></TD>
      </TR>
    </TABLE>
  </div>
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<TR valign="bottom">
  <TD width="50%" align=left>&nbsp;</TD>
  <TD width="50%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="50%" align=left>&nbsp;</TD>
  <TD width="50%" align=left>&nbsp;</TD>
</TR>
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  <TD align=left width=50%>&nbsp;</TD>
        <TD align=left width=50%>
<FONT face="serif" size=2>November 24, 2006</FONT>      </TD>
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<BR>
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        <TD align=left width=4%>
<FONT face="serif" size=2>Re:</FONT>
        </TD>
        <TD  width=5%>&nbsp;
        </TD>
        <TD align=left width=90%>
<B><FONT face="serif" size=2>Prospectus Supplement for Global Medium-Term Notes, Series F,</FONT></B>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=4%>&nbsp;

        </TD>
        <TD  width=5%>&nbsp;
        </TD>
        <TD align=left width=90%>
<B><FONT face="serif" size=2>Review Notes Linked to an Index or Indices filed by Morgan Stanley</FONT></B>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=4%>&nbsp;

        </TD>
        <TD  width=5%>&nbsp;
        </TD>
        <TD align=left width=90%>
<B><FONT face="serif" size=2>dated November 24, 2006</FONT></B>
        </TD>
</TR>
</TABLE><BR>
<P align="left">
<FONT face="serif" size=2>Morgan Stanley <br>
1585 Broadway <br>
New York, NY 10036</FONT></P>
<P align="left">
<FONT face="serif" size=2>Ladies and Gentlemen:</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size=2>We have acted as tax
counsel for Morgan Stanley (the &#147;Company&#148;) in connection with the preparation
and filing of a form of prospectus supplement for Global Medium-Term Notes, Series
F,  Review Notes Linked to an Index or Indices (the &#147;Prospectus Supplement&#148;),
dated November 24, 2006, supplementing the registration statement on Form S-3,
including the prospectus (the &#147;Prospectus&#148;), dated January 25, 2006,
for the  purpose of registering under the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;), the issuance from time to time of the Company&#146;s
Global Medium-Term Notes, Series F, Review Notes Linked to an Index or Indices.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size=2>We have reviewed the
discussions set forth under the caption &#147;United States Federal Taxation&#148; in
the Prospectus Supplement dated November 24, 2006 and the Prospectus dated January
25,  2006, and are of the opinion that the discussions are accurate, subject
to the conditions and limitations set forth therein.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size=2>We are members of the Bar of the State of New York. The foregoing opinion is based upon and limited to the United States federal tax law as contained in the Internal Revenue Code of 1986, as amended,
Treasury regulations, administrative decisions and court decisions as of the date of this letter.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size=2>We hereby consent to the use of our name under the caption &#147;United States Federal Taxation&#148; in the Prospectus Supplement. The issuance of such consent does not concede that we are an
&#147;Expert&#148; for the purposes of the Securities Act.</FONT></P>
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  <TD align=left width=50%>&nbsp;</TD>
        <TD align=left width=50%>
<FONT face="serif" size=2>Very truly yours,</FONT>      </TD>
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  <TD width="50%" align=left>&nbsp;</TD>
  <TD width="50%" align=left>&nbsp;</TD>
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  <TD width="50%" align=left>&nbsp;</TD>
  <TD width="50%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=50%>&nbsp;</TD>
        <TD align=left width=50%>
<FONT face="serif" size=2>/s/ Davis Polk &amp; Wardwell</FONT>  </TD>
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