SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
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                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 22, 2004

                                 Morgan Stanley
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                     (Exact name of Registrant as specified
                                 in its charter)

     Delaware                            1-11758                 36-3145972
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(State or other                 (Commission File Number)        (I.R.S. Employer
jurisdiction                                                 Identification No.)
of incorporation)

                     1585 Broadway, New York, New York 10036
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          (Address of principal executive offices, including zip code)

       Registrant's telephone number, including area code: (212) 761-4000
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                 (Former address, if changed since last report)






Item 7.      Financial Statements and Exhibits
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             99.1            Press release of the Registrant dated June
                             22, 2004 containing financial information for
                             the second quarter ended May 31, 2004.



Item 12.     Results of Operations and Financial Condition
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             On June 22, 2004 Morgan Stanley (the "Registrant") released
financial information with respect to its quarter ended May 31, 2004. A copy of
the press release containing this information is annexed as Exhibit 99.1 to this
Report and by this reference incorporated herein and made a part hereof.

             The information furnished under Item 12 of this Report,
including Exhibit 99.1, shall be deemed to be "filed" for purpose of the
Securities Exchange Act of 1934, as amended.


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                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.


                                     MORGAN STANLEY
                           -----------------------------------------------------
                                     (Registrant)

                           By:   /s/   David S. Moser
                           -----------------------------------------------------
                                        David S. Moser
                                        Principal Accounting Officer



Dated:  June 22, 2004