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 January 9, 2009,
pursuant to the provisions of Rule 12d2-2 (a). 17CFR240.12d2-2(a)(2)

The removal of Morgan  Stanley  Senior  Debt  exchangeable  for a basket of 3
stocks,  maturing  December 30, 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 in July of 2007.

The security was suspended by the Exchange on December 30, 2008.