NOTIFICATION  OF  THE  REMOVAL  FROM  LISTING  AND REGISTRATION OF THE STATED
SECURITIES

The American Stock Exchange LLC hereby notifies  the  SEC of its intention to
remove   the  entire  class  of  the  stated  securities  from  listing   and
registration  on the Exchange at the opening of business on October 20, 2006,
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan Stanley 8% National Oilwell Varco Inc. SPARQS, expiring
October 1, 2006  is  being effected because the Exchange knows or is reliably
informed that the entire  class  of  this  security  was  redeemed or paid at
maturity or retirement on October 9, 2006.

The security was suspended by the Exchange on October 2, 2006.