<SUBMISSION>
<ACCESSION-NUMBER>0000950103-06-002884
<TYPE>424B2
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20061227
<DATE-OF-FILING-DATE-CHANGE>20061227
<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>424B2
<ACT>33
<FILE-NUMBER>333-131266
<FILM-NUMBER>061301026
</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>424B2
<SEQUENCE>1
<FILENAME>dp04326_424b2-ps172.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td height="28" colspan="5" align="center" valign="bottom"><strong><em><font size="3" face="serif">CALCULATION
            OF REGISTRATION FEE</font></em></strong></td>
  </tr>
  <tr>
    <td height="28" valign="bottom">&nbsp;</td>
    <td valign="bottom">&nbsp;</td>
    <td align="center" valign="bottom"></td>
    <td valign="bottom">&nbsp;</td>
    <td align="center" valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td width="46%" height="28" valign="bottom"><font size="2" face="serif"><em>Title
          of Each Class of Securities Offered</em></font></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><font size="2" face="serif"><em>Maximum
          Aggregate<br>
      Offering Price <sup>(1)</sup> </em></font></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><p><font size="2" face="serif"><em>Amount
            of Registration<br>
      Fee</em></font></p></td>
  </tr>
  <tr>
    <td width="46%" valign="bottom"><hr size="1" noshade></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><hr size="1" noshade></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><hr size="1" noshade></td>
  </tr>
  <tr>
    <td width="46%" valign="bottom"><font size="2" face="serif">Euro Floating
    Rate Senior Bearer Notes Due 2013</font></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><font size="2" face="serif">&nbsp;$393,410,655</font></td>
    <td width="2%" valign="bottom"><font size="2" face="serif">&nbsp;</font></td>
    <td width="25%" align="center" valign="bottom"><font size="2" face="serif">$42,094.94</font></td>
  </tr>

  <tr>
    <td valign="bottom">&nbsp;</td>
    <td valign="bottom">&nbsp;</td>
    <td align="center" valign="bottom">&nbsp;</td>
    <td valign="bottom">&nbsp;</td>
    <td align="center" valign="bottom">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="5" valign="bottom"><font size="2" face="serif">(1)&nbsp;&nbsp;The U.S. dollar equivalent of the maximum
      aggregate offering price has been calculated using an exchange rate of
    $1.3115 per 1 euro as of December 22, 2006.</font></td>
  </tr>
</table>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=50%>
<B><I><FONT size=2 face="serif">PROSPECTUS Dated January 25, 2006</FONT></I></B>	</TD>
	<TD align=right width=50%>
<B><I><FONT size=2 face="serif">Pricing Supplement No. 172 to</FONT></I></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=50%>
<B><I><FONT size=2 face="serif">PROSPECTUS SUPPLEMENT</FONT></I></B>	</TD>
	<TD align=right width=50%>
<B><I><FONT size=2 face="serif">Registration Statement No. 333-131266</FONT></I></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=50%>
<B><I><FONT size=2 face="serif">Dated January 25, 2006</FONT></I></B>	</TD>
	<TD align=right width=50%>
<B><I><FONT size=2 face="serif">Dated December 22, 2006</FONT></I></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=50%>&nbsp;	</TD>
	<TD align=right width=50%>
<B><I><FONT size=2 face="serif">Rule 424(b)(2)</FONT></I></B>	</TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=center><img src="mslogo.jpg"></TD>
</TR>
<TR valign="bottom">
	<TD align=center width=100%>
<B><I><FONT size=2 face="serif">GLOBAL MEDIUM-TERM NOTES, SERIES G</FONT></I></B>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=100%>
<B><I><FONT size=2 face="serif">Euro Floating Rate Senior Bearer Notes Due 2013</FONT></I></B>
	</TD>
</TR>
</TABLE>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">We, Morgan Stanley, may not redeem these Global Medium-Term Notes, Series G, Euro Floating Rate Senior Bearer Notes Due 2013 (the &#147;notes&#148;) prior to the maturity date thereof other
than under the circumstances described under &#147;Description of Notes&#151;Tax Redemption&#148; in the accompanying prospectus supplement.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">The notes offered hereby
will accrue interest from December 1, 2006 and constitute a further issuance of,
and will be consolidated with, the Global Medium-Term Notes, Series G, Euro Floating
 Rate Senior Bearer Notes Due 2013 of Morgan Stanley issued on March 1, 2006 and
October 27, 2006, which we refer to as the &#147;original notes,&#148; and form a
single series with those original notes. The issuance of these notes will increase
the  aggregate principal amount of the outstanding notes of this series to Euro 2,800,000,000.
The notes will initially be issued in temporary global bearer form and will be designated
by the temporary ISIN and temporary common code noted below. After an  initial period
required for tax certification, which we expect to be completed on or prior to February
12, 2007, we expect the notes offered hereby to be exchanged for notes in permanent
global bearer form and to trade interchangeably with the  original notes under the
permanent ISIN and permanent common code noted below assigned to the original notes.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">Application will be made for the notes described herein to be admitted to the Official List of the Financial Services Authority (in its capacity as competent authority for the purposes of
Part VI of the Financial Services and Markets Act 2000) and to trading on the gilt-edged and fixed-interest market of the London Stock Exchange plc. No assurance can be given that such applications will be granted.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">This document constitutes the pricing supplement relating to the issuances of notes described herein. Terms used herein shall be deemed to be defined as such for the purposes of the
Conditions set forth in the Base Prospectus referred to above. This pricing supplement is supplemental to and must be read in conjunction with such Base Prospectus.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">We will issue the notes only in bearer form, which form is further described under &#147;Description of Notes&#151;Forms of Notes&#148; in the accompanying prospectus supplement. You may not
exchange notes in bearer form at any time for notes in registered form.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">We describe the basic features of the notes in the section of the accompanying prospectus supplement called &#147;Description of Notes.&#148; In addition, we describe the basic features of
the notes in the section of the accompanying prospectus called &#147;Description of Debt Securities&#151;Floating Rate Debt Securities,&#148; subject to and as modified by the provisions described below.</FONT></I></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Principal Amount:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Euro 300,000,000</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Determination</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Maturity Date:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">March 1, 2013</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
 &nbsp;<I><FONT size=2 face="serif">Dates:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">The second TARGET</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Settlement Date</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Settlement Day immediately</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Original Issue Date):</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">January 3, 2007</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">preceding each interest reset</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Accrual Date:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">December 1, 2006</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">date</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Issue Price:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">99.99%. plus accrued</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Reporting Service:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Telerate (Page 248)</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">interest from and including</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Initial Offering Date</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">December 1, 2006</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
 &nbsp; &nbsp;<I><FONT size=2 face="serif">for Tax Redemption:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">February 22, 2006</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Specified Currency:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Euro</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Business Days:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">London, TARGET Settlement</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Redemption Percentage</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Day and New York</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at Maturity:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">100%</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Calculation Agent:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">JPMorgan Chase Bank, N.A.</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Base Rate:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">EURIBOR</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">(London Branch)</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Spread (Plus or Minus):</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Plus 0.33%</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Agent:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Morgan Stanley &amp; Co.</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Index Maturity:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Three months</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">International Limited</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Initial Interest Rate:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">As determined by the</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Minimum Denominations:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Euro 50,000 and integral</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Calculation Agent based on</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">multiples of Euro 1,000 in</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">the Base Rate on the second</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">excess thereof</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">TARGET Settlement Day</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Temporary Common</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">immediately prior to the</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
 &nbsp; &nbsp;<I><FONT size=2 face="serif">Code:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">028103972</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Interest Accrual Date.</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Permanent Common</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Initial Interest Reset Date:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">March 1, 2007</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
 &nbsp; &nbsp;<I><FONT size=2 face="serif">Code:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">024583643</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Payment Dates:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Each March 1, June 1,</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Temporary ISIN:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">XS0281039726</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">September 1 and December 1,</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Permanent ISIN:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">XS0245836431</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">commencing March 1, 2007</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Other Provisions:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">None</FONT></I>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Payment Period:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Quarterly</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Reset Dates:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Each interest payment date</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=23%>
<I><FONT size=2 face="serif">Interest Reset Period:</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>
<I><FONT size=2 face="serif">Quarterly</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=23%>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left width=24%>&nbsp;

	</TD>
</TR>
</TABLE>
<P align="left">
<I><FONT size=2 face="serif">Terms not defined herein have the meanings given to such terms in the accompanying prospectus supplement and prospectus, as applicable.</FONT></I></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR align="center" valign="bottom">
	<TD colspan="3">
      <B><I><FONT size=5 face="serif">MORGAN STANLEY</FONT></I></B>
	</TD>
  </TR>
<TR align="center" valign="bottom">
	<TD width=33% align=left>
<B><I><FONT size=4 face="serif">ABN AMRO BANK N.V.</FONT></I></B>
	</TD>
	<TD width=33%>
<B><I><FONT size=4 face="serif">BARCLAYS CAPITAL</FONT></I></B>
	</TD>
	<TD width=34%>
<B><I><FONT size=4 face="serif">BNP PARIBAS</FONT></I></B>
	</TD>
</TR>
</TABLE>
<BR>

<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>
<P align="left">
<B><I><FONT size=2 face="serif">Supplemental Information Concerning Plan of Distribution</FONT></I></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">We will issue these notes
in temporary global bearer form with the temporary ISIN XS0281039726 and temporary
common code 028103972. Once these notes have been exchanged for notes in permanent
global bearer  form, on or about February 12, 2007, they will be combined with our
Global Medium-Term Notes, Series G, Euro Floating Rate Senior Bearer Notes Due 2013,
issued on March 1, 2006 and October 27, 2006, with the ISIN XS0245836431 and the
common code  024583643, and offered pursuant to pricing supplement No. 29, dated
February 22, 2006 and pricing supplement No. 121 dated October 20, 2006, to the prospectus
dated January 25, 2006 and the prospectus supplement dated January 25, 2006. Following
the  exchange, both these notes and the original notes, in a combined aggregate principal
amount of Euro 2,800,000,000, will bear the ISIN XS0245836431 and the common code
024583643.</FONT></I></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">On December 27, 2006,
we agreed to sell to the managers listed in this pricing supplement, and they severally
agreed to purchase, the principal amounts of notes set forth opposite their  respective
names below at a net price of 99.69%, plus accrued interest from and including December
1, 2006, which we refer to as the &#147;purchase price&#148;. The purchase price
equals the stated issue price of 99.99%, plus accrued interest from  and including
December 1, 2006, less a combined management and underwriting commission of 0.30%
of the principal amount of the notes.</FONT></I></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=78%>
<B><I><U><FONT size=2 face="serif">Name</FONT></U></I></B></TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=center width=20%>
<B><I><FONT size=2 face="serif">Principal Amount<br>
of Notes</FONT></I></B></TD>
</TR>
<TR>
	<TD width="78%">
	</TD>
	<TD width="2%">
	</TD>
	<TD width="20%">
<HR noshade size=1>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=78%>
<I><FONT size=2 face="serif">Morgan Stanley &amp; Co. International Limited</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=right width=20%>
<FONT size=2 face="serif">Euro 291,000,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=78%>
<I><FONT size=2 face="serif">ABN AMRO Bank N.V.</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=right width=20%>
<FONT size=2 face="serif">3,000,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=78%>
<I><FONT size=2 face="serif">Barclays Bank PLC</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=right width=20%>
<FONT size=2 face="serif">3,000,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=78%>
<I><FONT size=2 face="serif">BNP Paribas</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=right width=20%>
<FONT size=2 face="serif">3,000,000</FONT>
	</TD>
</TR>
<TR>
	<TD width="78%">
	</TD>
	<TD width="2%">
	</TD>
	<TD width="20%">
<HR noshade size=2>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=78%>
<I><FONT size=2 face="serif">Total</FONT></I>
	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=right width=20%>
<FONT size=2 face="serif">Euro 300,000,000</FONT>
	</TD>
</TR>
<TR>
	<TD width="78%">
	</TD>
	<TD width="2%">
	</TD>
	<TD width="20%">
<HR noshade size=2>	</TD>
</TR>
</TABLE>
<P align="left">
<B><I><FONT size=2 face="serif">European Union Transparency Obligations Directive</FONT></I></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">The proposed European Union Transparency Obligations Directive (the &#147;Directive&#148;) may be implemented in a manner which could be burdensome for companies such as us. In particular,
we may be required to prepare financial statements in accordance with accounting standards other than U.S. GAAP. We are under no obligation to maintain the listing of the notes, and prospective purchasers of notes should be aware that, in
circumstances where a listing of the notes by the UK Listing Authority would require preparation of financial statements in accordance with standards other than U.S. GAAP, or in any other circumstances where the Directive is implemented in a manner
that, in our opinion, is burdensome, the notes may be de-listed. In such a case of de-listing, we may, but are not obliged to, seek an alternative listing for the notes on a stock exchange outside the European Union. However, if such an alternative
listing is not available or is, in our opinion, burdensome, an alternative listing for the notes may not be considered. Although no assurance is made as to the liquidity of the notes as a result of listing by the UK Listing Authority, de-listing the
notes may have a material effect on a noteholder&#146;s ability to resell the notes in the secondary market.</FONT></I></P>
<P align="center">
<FONT size=2 face="serif">PS-2</FONT></P>

<HR noshade align="center" width="100%" size=2>

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end
</TEXT>
</DOCUMENT>
</SUBMISSION>
