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 30, 2008
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan  Stanley  Protected Absolute Return Barrier Notes Based
on the PHLX Housing Sector, maturing  October  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 October 22,
2008.

The security was suspended by the Exchange on October 22, 2008.