8-K

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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


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                                   FORM 8-K


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                                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 30, 2005


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


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




             1585 Broadway, New York, New York                        10036
               (Address of principal executive offices)             (Zip Code)

      Registrant's telephone number, including area code: (212) 761-4000

                                Not Applicable
         (Former name or former address, if changed since last report)


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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:

|_|   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))
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Item 8.01.  Other Events.

On June 30, 2005, the Board of Directors of Morgan Stanley (the "Company")
announced that John J. Mack has been elected as the Chairman and Chief
Executive Officer of the Company, effective immediately, and that Philip J.
Purcell has left the position of Chairman and Chief Executive Officer with Mr.
Mack's election. The Company's related press release is filed as Exhibit 99.1
to this Form 8-K and is incorporated by reference herein.

On the same date, the Board of Directors of the Company also announced that
Stephen S. Crawford and Zoe Cruz have resigned from their positions on the
Board, effective immediately. Mr. Crawford and Ms. Cruz continue to serve as
Co-Presidents of the Company. The Company's related press release is filed as
Exhibit 99.2 to this Form 8-K and is incorporated by reference herein.


Item 9.01.  Financial Statements and Exhibits.

(c)    Exhibits

       Exhibit
       Number     Description
       -------    -----------

        99.1     Press Release, dated June 30, 2005, issued by the Company.


        99.2     Press Release, dated June 30, 2005, issued by the Company.









                                   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 thereunto duly authorized.


                                     MORGAN STANLEY
                                     (Registrant)

                                              /s/ WILLIAM J. O'SHAUGHNESSY, JR.
                                     By: -------------------------------------
                                         Name:  William J. O'Shaughnessy, Jr.
                                         Title: Assistant Secretary and Counsel


Date: June 30, 2005

EX-99.1

                                                                  Exhibit 99.1



                         Contact:     Media Relations      Investor Relations
                                      Ray O'Rourke         William Pike
                                      212-761-4262         212-761-0008

[LOGO OMITTED]
Morgan Stanley                                           For Immediate Release











John Mack Elected Chairman and CEO of Morgan Stanley

NEW YORK, June 30, 2005 - The Board of Directors of Morgan Stanley (NYSE: MWD)
today announced the election of John Mack as Chairman of the Board and Chief
Executive Officer of the company, effective immediately.

Miles Marsh, the lead director of the Board, said, "The Board has agreed
unanimously that John Mack is uniquely qualified to become Morgan Stanley's
new Chairman and Chief Executive Officer. He has the singular combination of
experience, strategic insight and leadership ability needed to bring together
the people of Morgan Stanley and improve profitability across the Firm.
Throughout his career, John Mack has forged cohesive teams that deliver
substantial results for shareholders."

Mr. Marsh added, "John has nearly thirty years at Morgan Stanley working with
its people and culture. He knows the business. He knows what we must do to
meet the challenges transforming the global financial services industry. He
also brings to Morgan Stanley close relationships with clients worldwide as
well as the trust and respect of employees, investors, and industry leaders."

Charles Knight, the Chairman of the Board's Compensation, Management
Development and Succession Committee, said, "The Board conducted an intense
and thorough search process and evaluated a number of outstanding candidates.
Ultimately, we determined that John's substantial record of achievement in the
financial services industry, his ability to attract and retain world-class
people, and his strong ties to Morgan Stanley made him the very best candidate
to lead the Firm forward."

John Mack said, "I am proud to return home to the world's premier financial
services company and to the most talented team on Wall Street. Morgan Stanley
remains the gold



standard for client service, product excellence, teamwork and integrity in our
industry. I look forward to working shoulder-to-shoulder with my colleagues
old and new, across all of the Firm's businesses. I am eager to hear and
execute their ideas on how we can bring out the best in Morgan Stanley and
continue delivering innovation for our clients, growth for our shareholders,
and opportunity for our employees."

Mr. Mack added, "I see four key priorities for our Firm. First, we need to
ensure that we have the right people in place and that everyone is working
together as a united team toward common goals. Second, we must ensure that we
have the right strategy to enhance profitability in the face of intense global
competition. Third, we need to focus relentlessly on our clients, delivering
them the outstanding service and innovative solutions they expect from Morgan
Stanley. And finally, we must assure productive working relationships with
regulatory and public officials and other key constituencies of the Firm."

As previously announced, Phil Purcell is leaving the position of Chairman and
Chief Executive Officer with John Mack's election. Mr. Purcell has served as
Chairman and Chief Executive Officer of Morgan Stanley since 1997. Miles Marsh
said, "Under Phil Purcell's leadership, Morgan Stanley has gained share in
almost every market category, and he leaves the Firm extraordinarily well
positioned for future success. On behalf of the entire Board of Directors, I
want to express our deep appreciation to him for his leadership of, and many
contributions to, the Firm."

Mr. Mack is returning to a firm at which he spent nearly 30 years, most
recently as President, Chief Operating Officer and a Director. He had joined
Pequot Capital Management as Chairman earlier this year and served before that
as Co-Chief Executive Officer of Credit Suisse Group and Chief Executive
Officer of Credit Suisse First Boston. Mr. Mack is a graduate of Duke
University, where he is a member of the Board of Trustees. He also serves as
Chairman of the Board of Trustees of New York-Presbyterian Hospital, the
University Hospital of both Columbia and Cornell, as a Trustee



                                      2


of the Doris Duke Charitable Foundation, and as a Director of Cousins
Properties Incorporated.

The company will hold an analyst conference call today at 5:00 pm (ET). Live
audio of the conference call will be available on the Morgan Stanley website
at www.morganstanley.com or by dialing 1-877-810-2624 (pass code 69840908) in
the United States. International callers dial 617-786-1340 (pass code
69840908). A playback of the call will be available today at the same web site
address. To listen to the playback dial 1-888-286-8010 (pass code 89467548)
within the United States or 617-801-6888 (pass code 89467548) internationally.

Morgan Stanley is a global financial services firm and a market leader in
securities, investment management, and credit services. With more than 600
offices in 28 countries, Morgan Stanley connects people, ideas and capital to
help clients achieve their financial aspirations.



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                                       3

EX-99.2

                                                                  Exhibit 99.2



                         Contact:     Media Relations      Investor Relations
                                      Ray O'Rourke         William Pike
                                      212-761-4262         212-761-0008

[LOGO OMITTED]
Morgan Stanley                                           For Immediate Release




Crawford and Cruz Resign Board Seats,
Continue As Co-Presidents of Morgan Stanley

NEW YORK, June 30, 2005 - The Board of Directors of Morgan Stanley (NYSE: MWD)
today announced that Stephen Crawford and Zoe Cruz have resigned from their
positions on the Board. They continue to serve as Co-Presidents of the
company.

Miles Marsh, the lead director of the Board, said, "Steve and Zoe joined the
rest of the Board today in unanimously electing John Mack as Chairman and
Chief Executive Officer. They voluntarily stepped down as Directors to allow
the Chairman and the Board greater flexibility in shaping the Board's
composition. We are fortunate to have Steve and Zoe as valuable members of our
senior management team and we appreciate their actions on behalf of the
company."

Morgan Stanley is a global financial services firm and a market leader in
securities, investment management, and credit services. With more than 600
offices in 28 countries, Morgan Stanley connects people, ideas and capital to
help clients achieve their financial aspirations.



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