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
February 25, 2011, pursuant to the provisions
of Rule 12d2-2 (a) 17CFR240.12d2-2(a)(2)

The removal of Morgan Stanley, Global Medium-Term
Notes, Series C, 2% Exchangeable Notes due
December 30, 2010, 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 on December 30, 2010.

The security was suspended by the
Exchange on December 30, 2010.