Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  BRENNAN EDWARD A
 2. Date of Event Requiring Statement (Month/Day/Year)
12/13/2004		 3. Issuer Name and Ticker or Trading Symbol
MORGAN STANLEY [MWD]
(Last)
(First)
(Middle)
MORGAN STANLEY, 1585 BROADWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10036		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 175,869
I
By Trust
Common Stock 6,244
I
By IRA
Common Stock 23,301
I
By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right To Buy) 05/19/1996(1) 05/18/2005 Common Stock 8,000 $ 11.69 D  
Non-Qualified Stock Option (Right To Buy) 04/19/1997(1) 04/18/2006 Common Stock 8,000 $ 13.35 D  
Non-Qualified Stock Option (Right To Buy) 05/28/1997 05/27/2007 Common Stock 8,000 $ 20 D  
Non-Qualified Stock Option (Right To Buy) 09/25/1998 03/23/2008 Common Stock 8,000 $ 38.35 D  
Non-Qualified Stock Option (Right To Buy) 10/25/1998 04/23/2008 Common Stock 2,684 $ 39.1 D  
Non-Qualified Stock Option (Right To Buy) 10/08/1999 04/08/2009 Common Stock 9,882 $ 55.75 D  
Non-Qualified Stock Option (Right To Buy) 10/07/2000 04/06/2010 Common Stock 9,230 $ 85.31 D  
Non-Qualified Stock Option (Right To Buy) 09/22/2001 03/22/2011 Common Stock 9,971 $ 53.25 D  
Non-Qualified Stock Option (Right To Buy) 09/19/2002 03/19/2012 Common Stock 9,814 $ 57.88 D  
Non-Qualified Stock Option (Right To Buy) 10/10/2003 04/11/2013 Common Stock 10,527 $ 41.54 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BRENNAN EDWARD A
MORGAN STANLEY
1585 BROADWAY
NEW YORK, NY 10036		   X      

Signatures

s/ Edward A. Brennan 12/13/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Initial vesting date of ratably vested stock options, all of which are presently exercisable.

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