UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 3, 2007

                      Morgan Stanley Spectrum Currency L.P.
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

          Delaware                   0-31563                   13-4084211
- --------------------------------------------------------------------------------
(State or Other Jurisdiction       (Commission                (IRS Employer
      of Incorporation)            File Number)             Identification No.)

c/o Demeter Management Corporation,
522 Fifth Avenue, 13th Floor, New York, NY                       10036
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number, including area code: (212) 296-1999


- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

      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 (see General Instruction A.2. below):

      |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

      |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

      |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



      Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.

      (b) Effective December 3, 2007, Lee Horwitz will no longer serve as Chief
Financial Officer of Demeter Management Corporation, the general partner of the
registrant (the "General Partner").

      (c) Effective December 3, 2007, Christian Angstadt will serve as Chief
Financial Officer of the General Partner and will be a principal of the General
Partner.

      Christian Angstadt, age 46, is an Executive Director within Morgan
Stanley's Financial Control Group. Mr. Angstadt currently serves as Chief
Financial Officer for Morgan Stanley Trust FSB, and Morgan Stanley Trust NA, and
is responsible for the governance and overall financial management of these
regulated banks (appointed CFO in May 2003). Since joining Morgan Stanley in
April 1990, Mr. Angstadt has held several positions within the firm's Financial
Control Group, mostly supporting the Asset Management segment (including CFO for
Morgan Stanley Asset Management Operations). Mr. Angstadt received a BA in
Accounting from Montclair University.



                                    SIGNATURE

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.


                                MORGAN STANLEY SPECTRUM CURRENCY L.P.


Date: December 7, 2007          By: Demeter Management Corporation
                                    as General Partner


                                   /s/ Walter Davis
                                ----------------------------------
                                Name:  Walter Davis
                                Title: President