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 July 31, 2008
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan Stanley Capital  Protected  Note  Linked to the S&P 500
Index, maturing July 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 July 21, 2008.

The security was suspended by the Exchange on July 21, 2008.