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 1, 2007,
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan  Stanley  Bear Market PLUS Linked to the S&P 500 Index,
maturing September 20, 2007 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 September 20, 2007.

The security was suspended by the Exchange on September 21, 2007.