UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    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): October 9, 2007

                       Morgan Stanley Spectrum Select L.P.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

          Delaware                       0-19511                 13-3619290
--------------------------------------------------------------------------------
(State or Other Jurisdiction      (Commission File Number)      (IRS Employer
      of Incorporation)                                      Identification No.)

c/o Demeter Management Corporation, 522 Fifth Avenue,
13th Floor, New York, NY                                         10036
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number, including area code: (212) 296-1999

                                 Not Applicable
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

      |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

      |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

      |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



Item 1.01.  Entry into a Material Definitive Agreement.

            On October 9, 2007, the Registrant, Demeter Management Corporation,
      the general partner of the Registrant (the "General Partner"), and Altis
      Partners (Jersey) Limited (the "Trading Advisor") entered into a
      management agreement (the "Management Agreement") pursuant to which,
      effective December 1, 2007, the Trading Advisor will serve as a trading
      advisor of the Registrant and will trade its allocated portion of the
      Registrant's net assets pursuant to the Trading Advisor's Global Futures
      Portfolio trading program.

            A copy of the Management Agreement is filed herewith as Exhibit
      10.19 and incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.

      (d) Exhibits.

          Exhibit       Exhibit Description
          -------       -------------------

          10.19         Management Agreement by and among the Registrant, the
                        General Partner and the Trading Advisor dated as of
                        October 9, 2007.



                                    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 SPECTRUM SELECT L.P.

Date: October 15, 2007              By:   Demeter Management Corporation
                                          as General Partner

                                    /s/ Walter Davis
                                    --------------------------------------------
                                    Name:  Walter Davis
                                    Title: President