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<SEC-DOCUMENT>0000950103-06-000166.txt : 20060125
<SEC-HEADER>0000950103-06-000166.hdr.sgml : 20060125
<ACCEPTANCE-DATETIME>20060125171943
ACCESSION NUMBER:		0000950103-06-000166
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20060125
DATE AS OF CHANGE:		20060125
GROUP MEMBERS:		MORGAN STANLEY & CO. INTERNATIONAL LIMITED

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CADIZ INC
		CENTRAL INDEX KEY:			0000727273
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				770313235
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-35468
		FILM NUMBER:		06550429

	BUSINESS ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		213-271-1600

	MAIL ADDRESS:	
		STREET 1:		777 SOUTH FIGUEROA STREET
		STREET 2:		SUITE 4250
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CADIZ LAND CO INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC AGRICULTURAL HOLDINGS INC
		DATE OF NAME CHANGE:	19920602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARIDTECH INC
		DATE OF NAME CHANGE:	19880523

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN STANLEY
		CENTRAL INDEX KEY:			0000895421
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				363145972
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-761-4000

	MAIL ADDRESS:	
		STREET 1:		1585 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY DEAN WITTER & CO
		DATE OF NAME CHANGE:	19980326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEAN WITTER DISCOVER & CO
		DATE OF NAME CHANGE:	19960315
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>jan2506_13g.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<body>
<HR size="4" noshade color="#000000" style="margin-top: -2px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">
<br>
<div align=center>
<strong><FONT size=4 face="serif">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</FONT>
<br>
<FONT size=3 face="serif">Washington, D.C. 20549</FONT></strong>
<br>
<br>
<hr align=center width=15% size=1 noshade color="#000000">
<br>
<strong><FONT size=4 face="serif">SCHEDULE 13G</FONT></strong>
<p align="center"><strong><font size="3" face="serif">Under the Securities Exchange Act of 1934</font> </strong></p>
<p align="center"><font face="serif"><strong><font size="3">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO<br>
</font></strong><font size="3"><strong>RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO
          FILED PURSUANT TO<br>
          Rule 13d-2(b)*</strong></font></font> </p>
<br>
<br>

<br>
  <table width="100%"  border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td align="center"><div style="BORDER-BOTTOM: 1px solid">
      <strong><B><FONT size=4 face="serif">Cadiz Inc.</FONT></B></strong></div></td>
    </tr>
    <tr>
      <td align="center"><FONT size=2 face="serif">(Name of Issuer)</FONT></td>
    </tr>
    <tr>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="center"><div style="BORDER-BOTTOM: 1px solid"><strong>
         <B><FONT size=4 face="serif">Common Stock, Par Value $0.01 per Share</FONT></B></strong></div></td>
    </tr>
    <tr>
      <td align="center"><FONT size=2 face="serif">(Title of Class of Securities)</FONT></td>
    </tr>
    <tr>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="center"><div style="BORDER-BOTTOM: 1px solid"><strong><B> <strong><font size="2">127537207</font></strong></B></strong></div></td>
    </tr>
    <tr>
      <td align="center"><FONT size=2 face="serif">(CUSIP Number)</FONT></td>
    </tr>
    <tr>
      <td align="center">&nbsp;</td>
    </tr>
    <tr>
      <td align="center"><div style="BORDER-BOTTOM: 1px solid"><font size="2"><strong><B><FONT size=2 face="serif">
         December 31, 2003</FONT></B></strong></font></div></td>
    </tr>
    <tr>
      <td align="center"><FONT size=2 face="serif">(Date of Event which Requires Filing of this Statement)</FONT></td>
    </tr>
  </table>
</div>
<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Check
    the appropriate box to designate the rule pursuant to which this Schedule
    is filed:</FONT></P>
<table width="90%"  border="0" cellspacing="0" cellpadding="4">
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center"><font size=3 face="wingdings">x</font></td>
    <td width="90%"><FONT size=2 face="serif">Rule 13d-1(b)</FONT></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center"><font size=2 face="wingdings">o</font></td>
    <td width="90%"><FONT size=2 face="serif"> Rule 13d-1(c)</FONT></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center"><font size=3 face="wingdings">o</font></td>
    <td width="90%"><FONT size=2 face="serif">Rule 13d-1(d) </FONT></td>
  </tr>
</table>

<P align="left">
<P>&nbsp;</P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">
<div align="center"><br>
    <FONT size=2 face="serif">Page 1 of 6 </FONT><br>
<br>
<br>
<HR size="3" noshade>
  <PAGE>
  <br>
  <br>
  <br>
  <br>
</div>
<div align=center>
<table width="90%" border="0" cellspacing="0" cellpadding="10">
  <tr>
    <td STYLE="border-color: #000000; border-top-style: solid; Border-top-Width: 1.0pt;
border-bottom-style: solid; Border-bottom-Width: 1.0pt; Border-left-Width: 1.0pt; border-left-style: solid; Border-right-Width: 1.0pt; border-right-style: solid"width="33%" align="left" valign="middle"><strong><font size="2" face="Times New Roman, Times, serif">CUSIP
           No. </font><B><strong><font size="2"><strong><B><strong><font size="2">127537207</font></strong></B></strong></font></strong></B><font size="2" face="Times New Roman, Times, serif"><B></B></font></strong></td>
      <td width="34%" align="center" valign="middle"><font size="3" face="Times New Roman, Times, serif"><strong>13G</strong></font></td>
    <td width="33%">&nbsp;
      </td>
  </tr>
</table>
</div>
<br>
<div align=center>
  <table width="90%" border="1" cellpadding="5" cellspacing="0" bordercolor="#000000">
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">1</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">NAME
        OF REPORTING PERSONS<br>
        I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<br>
        <br>
        </font><FONT size=2 face="serif">MORGAN STANLEY</FONT></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">2</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">CHECK
        THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</font>
        <div align=right><font size="2" face="Times New Roman, Times, serif">(a)</font>&nbsp;<font size=2 face=wingdings>o&nbsp;</font><br>
          <font size="2" face="Times New Roman, Times, serif">(b)</font>&nbsp;<font size=2 face=wingdings>o&nbsp;</font></div>
                <font size="2" face="Times New Roman, Times, serif">NOT APPLICABLE</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">3</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">SEC USE ONLY</font><br><br><br></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">4</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">CITIZENSHIP
        OR PLACE OF ORGANIZATION<br>
        <br>
        DELAWARE</font></td>
    </tr>
    <tr>
      <td colspan="2" rowspan="4" align="center" valign="middle"><font size="2" face="Times New Roman, Times, serif">NUMBER
        OF SHARES<br>
        BENEFICIALLY OWNED BY<br>
        EACH REPORTING PERSON<br>
        WITH</font></td>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">5</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SOLE VOTING POWER<br>
        <br>
        1,527,481 (1)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">6</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SHARED
        VOTING POWER<br>
        <br>
 -0-</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">7</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SOLE
        DISPOSITIVE POWER<br>
        <br>
        1,527,481 (1)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">8</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SHARED
        DISPOSITIVE POWER<br>
        <br>
 -0-</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">9</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">AGGREGATE
        AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
        <br>
 1,527,481 (1)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">10</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">CHECK
        BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*</font>
        <div align=right><font size=2 face=wingdings>o&nbsp;</font></div>
        <font size="2" face="Times New Roman, Times, serif">&nbsp;</font><br></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">11</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">PERCENT
           OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
        <br>
        13.85%</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">12</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">TYPE
        OF REPORTING PERSON*<br>
        <br>
        IA, CO, HC </font></td>
    </tr>
  </table>
<table width="90%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td><hr align="left" width="15%" size=1 noshade color="#000000">               </td>
     </tr>
     <tr>
          <td> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;1 &nbsp;Reflects
                    total shares held by the reporting person as of 12/31/2005.
               As of 12/31/2003, the reporting person held 399,600 shares which
               was equivalent to 6.27% of the class. </font></td>
     </tr>
</table>
</div>
<p align="center"><FONT size=2 face="serif">Page 2 of 6 </FONT></p>
<br>
<br>
<hr size=3 color=GRAY noshade>
<PAGE>
<br>
<br>
  <br>

<div align=center>
<table width="90%" border="0" cellspacing="0" cellpadding="10">
  <tr>
    <td STYLE="border-color: #000000; border-top-style: solid; Border-top-Width: 1.0pt;
border-bottom-style: solid; Border-bottom-Width: 1.0pt; Border-left-Width: 1.0pt; border-left-style: solid; Border-right-Width: 1.0pt; border-right-style: solid"width="33%" align="left" valign="middle"><strong><font size="2" face="Times New Roman, Times, serif">CUSIP
           No. </font><B><strong><font size="2"><strong><B><strong><font size="2">127537207</font></strong></B></strong></font></strong></B><font size="2" face="Times New Roman, Times, serif"><B></B></font><font size="2" face="Times New Roman, Times, serif"><B></B></font></strong></td>
      <td width="34%" align="center" valign="middle"><font size="3" face="Times New Roman, Times, serif"><strong>13G</strong></font></td>
    <td width="33%">&nbsp;
      </td>
  </tr>
</table>
</div>
<br>
<div align=center>
  <table width="90%" border="1" cellpadding="5" cellspacing="0" bordercolor="#000000">
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">1</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">NAME
        OF REPORTING PERSONS<br>
        I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<br>
        <br>
        </font><FONT size=2 face="serif">MORGAN STANLEY &amp; CO. INTERNATIONAL
        LIMITED </FONT></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">2</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">CHECK
        THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</font>
        <div align=right><font size="2" face="Times New Roman, Times, serif">(a)</font>&nbsp;<font size=2 face=wingdings>o&nbsp;</font><br>
          <font size="2" face="Times New Roman, Times, serif">(b)</font>&nbsp;<font size=2 face=wingdings>o&nbsp;</font></div>
          <font size="2" face="Times New Roman, Times, serif">NOT APPLICABLE</font></td>

    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">3</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">SEC USE ONLY</font><br><br><br></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">4</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">CITIZENSHIP
        OR PLACE OF ORGANIZATION<br>
        <br>
        ORGANIZED UNDER THE LAWS OF ENGLAND</font></td>
    </tr>
    <tr>
      <td colspan="2" rowspan="4" align="center" valign="middle"><font size="2" face="Times New Roman, Times, serif">NUMBER
        OF SHARES<br>
        BENEFICIALLY OWNED BY<br>
        EACH REPORTING PERSON<br>
        WITH</font></td>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">5</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SOLE VOTING POWER<br>
        <br>
        1,527,481 (2)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">6</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SHARED
        VOTING POWER<br>
        <br>
 -0-</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">7</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SOLE
        DISPOSITIVE POWER<br>
        <br>
        1,527,481 (2)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">8</font></td>
      <td width="57%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">SHARED
        DISPOSITIVE POWER<br>
        <br>
 -0-</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">9</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">AGGREGATE
        AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
        <br>
 1,527,481 (2)</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">10</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">CHECK
        BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*</font>
        <div align=right><font size=2 face=wingdings>o&nbsp;</font></div>
        <font size="2" face="Times New Roman, Times, serif">&nbsp;</font><br></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">11</font></td>
      <td colspan="3"><font size="2" face="Times New Roman, Times, serif">PERCENT
           OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
        <br>
        13.85%</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">12</font></td>
      <td colspan="3" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">TYPE
        OF REPORTING PERSON*<br>
        <br>
        BD, CO</font></td>
    </tr>
  </table>
  <table width="90%"  border="0" cellpadding="0" cellspacing="0">
     <tr>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td><hr align="left" width="15%" size=1 noshade color="#000000">               </td>
     </tr>
     <tr>
          <td> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 Reflects
                    total shares held by the reporting person as of 12/31/2005.
               As of 12/31/2003, the reporting person held 399,600 shares which
               was equivalent to 6.27% of the class. </font></td>
     </tr>
</table>
</div>
<p align="center"> <FONT size=2 face="serif">Page 3 of 6 </FONT></p>

<br>
<hr size=3 color=GRAY noshade>
<PAGE>
<br>
<br>
<P><B><FONT size=2 face="serif">Item 1(a). Name of Issuer: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadiz Incorporated </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 1(b). Address of Issuer&#146;s Principal Executive Offices: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777 South Figueroa Street <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suite 4250<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Los Angeles, California 90017 </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 2(a). Name of Person Filing: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Morgan Stanley, a Delaware corporation </FONT></P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) Morgan Stanley &amp; Co.
International Limited, a wholly owned subsidiary of Morgan Stanley and a corporation
organized under the laws of England </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 2(b). Address of Principal Business Office or, if None, Residence: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 1585 Broadway  <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York, NY 10036 </FONT></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 25 Cabot Square  <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canary Wharf  <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;London E14 4QA  <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;England </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 2(c). Citizenship: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Item 4 of the cover page pertaining to each reporting person. </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 2(d). Title of Class of Securities: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock, par value $0.01 per share ("Common Stock") </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 2(e). CUSIP Number: </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127537207 </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: </FONT></B></P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td width="5%" valign="top">&nbsp;</td>
          <td width="5%" valign="top"><font size=2 face="serif">(a) </font></td>
          <td><font size=2 face="serif">Morgan Stanley is a parent holding company. </font></td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td valign="top">&nbsp;</td>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td valign="top"><font size=2 face="serif">(b) </font></td>
          <td><font size=2 face="serif">Morgan Stanley &amp; Co. International
                    Limited is  a Broker-Dealer doing business under the laws
                    of the United Kingdom. Morgan Stanley &amp; Co. International
                    Limited is filing this statement pursuant to Rules 13d-1(b)
                    and 13d-2(b), relying on such rules and using Schedule 13G
                    in accordance with no-action assurance from the Division
          of Corporate Finance, Office of Tender Offers. </font></td>
     </tr>
</table>

<P align="center"><FONT size=2 face="serif">Page 4 of 6 </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<PAGE>
<br>
<br>

<P>
<B><FONT size=2 face="serif">Item 4. Ownership. </FONT></B></P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td width="5%" valign="top">&nbsp;</td>
          <td colspan="2" valign="top"><font size=2 face="serif">Incorporated by reference
          to Items (5) &#150; (9) and (11) of the cover page. </font></td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td valign="top">&nbsp;</td>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td width="5%" valign="top"><font size=2 face="serif">(a)</font></td>
          <td width="90%"><font size=2 face="serif">Morgan Stanley is filing
                    solely in its capacity as the parent company of, and indirect
                    beneficial owner of securities held by, one of its business
          units. </font></td>
     </tr>
</table>
<P>
<B><FONT size=2 face="serif">Item 5. Ownership
of Five Percent or Less of a Class. </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 6. Ownership of More than Five Percent on Behalf of Another Person. </FONT></B></P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td width="5%" valign="top">&nbsp;</td>
          <td width="5%" valign="top"><font size=2 face="serif">(a)</font></td>
          <td width="90%"><font size=2 face="serif">Accounts managed on a discretionary
                    basis by Morgan Stanley &amp; Co. International Limited,
                    a wholly owned subsidiary of Morgan Stanley, are known to
                    have the right to receive or the power to direct the receipt
                    of dividends from, or the proceeds from, the sale of such
                    securities. No such account holds more than 5 percent of
          the class.</font></td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td valign="top">&nbsp;</td>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td valign="top">&nbsp;</td>
          <td valign="top">&nbsp;</td>
          <td><font size=2 face="serif">See item 4(a) </font></td>
     </tr>
</table>

<P>
     <B><FONT size=2 face="serif">Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reported on by the Parent Holding Company. </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 8. Identification and Classification of Members of the Group. </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 9. Notice of Dissolution of Group. </FONT></B></P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable </FONT></P>
<P>
<B><FONT size=2 face="serif">Item 10. Certifications. </FONT></B></P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
</FONT></P>
<P align="center">
<FONT size=2 face="serif">Page 5 of 6 </FONT></P>

<br>
<br>
<hr size=3 color=GRAY noshade>
<PAGE>
<div align="center"><br>
     <br>

     <B><FONT size=2 face="serif">SIGNATURE</FONT></B></div>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. </FONT></P>
<div align=right>
<table width="40%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td align="center"><font size=2 face="serif">01/25/2006</font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000">               </td>
     </tr>
     <tr>
          <td align="center"><font size=1 face="serif">(Date)</font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">/s/ Dennine Bullard</font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000"></td>
     </tr>
     <tr>
          <td align="center"><font size=1 face="serif">(Signature)</font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">Executive Director </font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">MORGAN STANLEY</font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000"></td>
     </tr>
     <tr>
          <td align="center"><font size=1 face="serif">(Name/Title)</font><font size=2 face="serif">&nbsp;</font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">01/25/2006</font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000">
          </td>
     </tr>
     <tr>
          <td align="center"><font size=1 face="serif">(Date)</font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">/s/ R. Derek Bandeen</font><font size=1
face="serif">&nbsp;</font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000"></td>
     </tr>
     <tr>
          <td align="center"><font size=1
face="serif">(Signature)</font><font size=2 face="serif">&nbsp;</font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">Managing Director </font></td>
     </tr>
     <tr>
          <td align="center">&nbsp;</td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">MORGAN STANLEY &amp; CO. </font></td>
     </tr>
     <tr>
          <td align="center"><font size=2 face="serif">INTERNATIONAL LIMITED </font></td>
     </tr>
     <tr>
          <td align="center"><hr width="65%" size=1 noshade color="#000000"></td>
     </tr>
     <tr>
          <td align="center"><font size=1 face="serif">(Name/Title) </font></td>
     </tr>
</table>
</div>
<BR>
<BR>
<BR>
<BR>
<P align="center">
<FONT size=2 face="serif">Page 6 of 6 </FONT></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>certificate.htm
<TEXT>



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

<BODY bgcolor="#ffffff">
<div align="right"><strong><font size="2">Exhibit 99.1</font></strong>
</div>
<p><img src="logo.jpg">
</p>
<br>

<div align="center"><FONT face="serif"><strong><font size="2"><u>SECRETARY&#146;S
CERTIFICATE</u></font></strong></FONT></div>
<P>
     <font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Charlene
     R. Herzer, a duly elected and acting Assistant Secretary of Morgan Stanley,
     a corporation organized and existing under the laws of the State of Delaware
     (the &#147;Corporation&#148;), certify as follows:</font></P>
<blockquote>
     <p> <font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Donald
               G. Kempf, Jr. served as the duly elected Executive Vice President,
               Chief Legal Officer and Secretary of the Corporation from December
     1, 1999 to August 26, 2005;</font></p>
     <p> <font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Pursuant
               to Section 7.01 of the Bylaws of the Corporation and resolutions
               approved by the Board of Directors of the Corporation on September
               25, 1998, the Chief Legal Officer is authorized to enter into
               agreements and other instruments on behalf of the Corporation
               and may delegate such powers to others under his jurisdiction;
          and</font></p>
     <p> <font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Donald
               G. Kempf signed a Delegation of Authority as of February 23, 2000,
               which authorized Dennine Bullard to sign reports to be filed under
               Sections 13 and 16 of the Securities Exchange Act of 1934 on behalf
               of the Corporation. Such authorization is in full force and effect
          of this date.</font></p>
</blockquote>
<P>
     <font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>IN WITNESS
     WHEREOF</strong>,
     I have hereunto set me name and affixed the seal of the Corporation as of
the 23<SUP>rd</SUP> day of January, 2006.</font></P>
<P>&nbsp;</P>
<div align=right>
<table width="40%"  border="0" cellpadding="0" cellspacing="0">
     <tr>
          <td align="left">&nbsp;</td>
     </tr>
     <tr>
          <td align="left">&nbsp;</td>
     </tr>
     <tr>
          <td align="left"><font size="2" face="serif">/s/ Charlene
               R. Herzer</font></td>
     </tr>
     <tr>
          <td align="left"><hr align="left" width="65%" size=1 noshade color="#000000">
          </td>
     </tr>
     <tr>
          <td align="left"><strong><font size="2" face="serif">Charlene R. Herzer</font></strong></td>
     </tr>
     <tr>
          <td align="left"><strong><FONT size="2" face="serif">Assistant Secretary</FONT></strong></td>
     </tr>
     <tr>
          <td align="left">&nbsp;</td>
     </tr>
</table>
</div>
<BR>
<HR noshade align="center" width="100%" size=2>

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