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 April 3, 2008
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan Stanley PLUS Based on the S&P 500 Index, expiring March
20, 2008 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 March 20, 2008.

The security was suspended by the Exchange on March 24, 2008.