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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): July 11, 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 5.02.  Departure of Directors or Principal Officers; Election of
            Directors; Appointment of Principal Officers.

(b) On July 11, 2005, Morgan Stanley (the "Company") announced that Stephen S.
Crawford has resigned as Co-President of the Company and will leave the
Company to pursue other interests.


Item 8.01.  Other Events.

On July 11, 2005, in connection with Mr. Crawford's resignation, the Company
announced that Zoe Cruz, who had been Co-President with Mr. Crawford, becomes
Acting President.



                                   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/ RONALD T. CARMAN
                                         By:  ---------------------------
                                              Name:   Ronald T. Carman
                                              Title:  Assistant Secretary


Date: July 11, 2005