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
September 6, 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, 1.5% Exchangeable
Notes due June 30,2011, 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 June 30, 2011.

The security was suspended by the
Exchange on June 30, 2011.