On September 10, 2009, the Board of Directors (the "Board") of Morgan Stanley (the "Company") announced that Co-President James P. Gorman will become the Company's Chief Executive Officer, effective January 1, 2010. At such time, Chairman and Chief Executive Officer John J. Mack will continue to serve as Chairman and will no longer serve in the capacity of Chief Executive Officer.

Mr. Gorman, 51, has served as Co-President of the Company since December 2007 and Co-Head of Strategic Planning since October 2007. He was also named Chairman of the Morgan Stanley Smith Barney joint venture in January 2009. Previously, Mr. Gorman was President and Chief Operating Officer of the Global Wealth Management business of the Company (February 2006 to April 2008). Prior to joining the Company, Mr. Gorman was Head of Corporate Acquisitions, Strategy and Research at Merrill Lynch & Co., Inc. (July 2005 to August 2005) and President of the Global Private Client business at Merrill Lynch (December 2002 to July 2005). Mr. Gorman is a member of the Board of Directors of MSCI Inc. (since November 2007), where he serves as Lead Director.

On September 10, 2009, the Board increased the number of directors on the Board from 13 to 14, effective January 1, 2010, and elected Mr. Gorman to the Board, also effective January 1, 2010. No committee assignments for Mr. Gorman have been determined at the time of this filing. Mr. Gorman, as an employee director, will not receive any compensation for his Board service.

The Company's related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in its entirety.

(d) Exhibits

Exhibit
Number          Description

99.1            Press release of the Company dated September 10, 2009.