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The following is an excerpt from a 10-K SEC Filing, filed by MORGAN STANLEY on 1/29/2008.
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MORGAN STANLEY - 10-K - 20080129 - SUBSIDIARIES

Exhibit 21

Morgan Stanley

Subsidiaries List

November 30, 2007

Indentations indicate parent-subsidiary relationships.

 

Company

  

Jurisdiction of
Incorporation
or Formation

Morgan Stanley

   Delaware

Arara LLC

   Delaware

Bayfine DE LLC

   Delaware

Bayview Holding Ltd.

   Cayman Islands

Bayfine Cayman Ltd.

   Cayman Islands

Bayfine DE Inc.

   Delaware

Bayfine UK

   United Kingdom

Belmondo LLC

   Delaware

Cauca LLC

   Delaware

Corporate Equipment Supplies, Inc.

   Delaware

Cournot Holdings Inc.

   Delaware

Cournot Capital Inc.

   Delaware

Cournot Financial Products LLC

   Delaware

Dean Witter Alliance Capital Corporation

   Delaware

Dean Witter Capital Corporation

   Delaware

Dean Witter Realty Inc.

   Delaware

Dean Witter Holding Corporation

   Delaware

Civic Center Leasing Corporation

   Delaware

Lewiston Leasing Corporation

   Delaware

Sartell Leasing Corporation

   Delaware

Dean Witter Leasing Corporation

   Delaware

Dean Witter Realty Credit Corporation

   Delaware

Dean Witter Realty Fourth Income Properties Inc.

   Delaware

Dean Witter Realty Growth Properties Inc.

   Delaware

Dean Witter Realty Income Properties I Inc.

   Delaware

Dean Witter Realty Income Properties II Inc.

   Delaware

Dean Witter Realty Income Properties III Inc.

   Delaware

Dean Witter Realty Yield Plus Inc.

   Delaware

Dean Witter Realty Yield Plus II Inc.

   Delaware

Realty Management Services Inc.

   Delaware

Dean Witter Reynolds Venture Equities Inc.

   Delaware

Demeter Management Corporation

   Delaware

Early Adopter Fund Manager Inc.

   Delaware

Fuegos LLC

   Delaware

Fundlogic (Jersey) Limited

   Jersey, Channel Is.

FV-I, Inc.

   Delaware

GSS III Funding, Inc.

   Delaware

GSS III Funding Partner, Inc.

   Delaware

Global Special Situations III Funding L.P

   Delaware

Hudson Resources, Inc.

   Delaware

ISG Alternative Investments Inc.

   Delaware

Japan Core Funding Inc.

   Delaware

Jolter Investments Inc.

   Delaware

Merope LLC

   Delaware

Electra Ltd

   Cayman Islands

Maia Ltd

   Cayman Islands

Millport Holdings LLC

   Delaware

Millport I LLC

   Delaware

Morgan Rundle Inc.

   Delaware

MR Ventures Inc.

   Delaware

Morgan Stanley & Co. Incorporated

   Delaware

DigitalGlobe, Inc.*

   Delaware

DigitalGlobe Asia, Inc.

   Delaware

EarthWatch Mississippi Operations Incorporated

   Mississippi

GlobeXplorer LLC

   California

AirPhotoUSA, L.L.C.

   Arizona

Dean Witter Reynolds Insurance Agency (Massachusetts) Inc.

   Massachusetts

Dean Witter Reynolds Insurance Agency (Ohio) Inc.

   Ohio

Dean Witter Reynolds Insurance Agency (Oklahoma) Inc.

   Oklahoma

Dean Witter Reynolds Insurance Agency (Texas) Inc.

   Texas

Dean Witter Reynolds Insurance Services (Illinois) Inc.

   Illinois

Dean Witter Reynolds Insurance Services, Inc. (Puerto Rico)

   Puerto Rico

Dean Witter Reynolds Insurance Services (Montana) Inc.

   Montana

Dean Witter Reynolds Insurance Services (New Hampshire) Inc.

   New Hampshire

Design Enterprises Limited

   British Virgin Islands

Graystone Wealth Management Services LLC

   Delaware

Morgan Stanley Dean Witter Insurance Services (Arizona) Inc.

   Arizona

Morgan Stanley Dean Witter Insurance Services (Arkansas) Inc.

   Arkansas

Morgan Stanley Insurance Services Inc.

   Delaware

Morgan Stanley Flexible Agreements Inc.

   Delaware

Morgan Stanley Management Services II, Inc.

   Delaware

MS Securities Services Inc.

   Delaware

Prime Dealer Services Corp.

   Delaware

TVN Entertainment Corp.*

   Delaware

V2 Music (Holdings) Limited*

   United Kingdom

V2 Holdings (USA), Inc.

   Delaware

E Musica Entertainment Group Inc.*

   Delaware

E Musica Acquisition Corporation

   Delaware

E Musica Holdings Inc.

   Delaware

Musiteca Music Corporation

   Delaware
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