EXHIBIT 21
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of 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 Capital Inc. |
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 Adoper Fund Manager Inc. |
Delaware | |
| Fuegos LLC |
Delaware | |
| FV-I, Inc. |
Delaware | |
| GSS III Funding, Inc. |
Delaware | |
| GSS III Funding Partner, Inc. |
Delaware | |
| Global Special Situations III Funding L.P. |
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 | |
| Design Enterprises Limited |
British Virgin Islands | |
| DigitalGlobe, Inc. * |
Delaware | |
| Graystone Wealth Management Services LLC |
Delaware | |
| Morgan Stanley Flexible Agreements Inc. |
Delaware | |
| Morgan Stanley Management Services II, Inc. |
Delaware | |
| MS Securities Services Inc. |
Delaware | |
| Prime Dealer Services Corp. |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 1 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. *Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| TVN Entertainment Corp.* |
Delaware | |
| V2 Music (Holdings) Limited* |
United Kingdom | |
| V2 Music Group Limited |
United Kingdom | |
| JBO Limited |
United Kingdom | |
| Timbuktu Music 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 | |
| Protel Records Inc. |
Delaware | |
| Revolu Inc. |
Delaware | |
| Soundmex Inc. |
New York | |
| E Musica Records LLC |
Delaware | |
| E Musica Publishing LLC |
Delaware | |
| Kubaney Acquisition, LLC |
Delaware | |
| Gee Street Records, Inc. |
Delaware | |
| V2 Records (Canada) Inc. |
Canada | |
| V2 Records, Inc. |
Delaware | |
| V2 Matrix Limited |
United Kingdom | |
| V2 Music (France) Sàrl |
France | |
| V2 Music Limited |
United Kingdom | |
| V2 Music Scandinavia AB |
Sweden | |
| V2 Records (Nederland) BV |
The Netherlands | |
| V2 Records Australia Pty Ltd |
Australia | |
| V2 Records Belgium SA |
Belgium | |
| V2 Records GmbH |
Germany | |
| V2 Records Hellas SA* |
Greece | |
| V2 Records International Limited |
United Kingdom | |
| V2 Records Italy SrL |
Italy | |
| V2 Records Japan Inc. |
Japan | |
| V2 Records Norge SA |
Norway | |
| V2 Records Spain SL |
Spain | |
| V2 TV Limited |
United Kingdom | |
| V2 Music Publishing (Holdings) Limited |
United Kingdom | |
| V2 Music Publishing France Sàrl |
France | |
| V2 Music Publishing Holdings (USA) Inc. |
Delaware | |
| Gee Street Sounds, Inc. |
Delaware | |
| In Bed Music, Inc.* |
Delaware | |
| Realization Music Ltd.* |
Delaware | |
| Tunes of V2 America |
Delaware | |
| Songs of V2 America, Inc. |
Delaware | |
| Music of V2 America, Inc. |
Delaware | |
| V2 Music Publishing Limited |
United Kingdom | |
| V2 Publishing (Italy) S.A. |
Italy | |
| V2 Publishing (Holdings) Limited |
United Kingdom | |
| Morgan Stanley ABS Capital I Inc. |
Delaware | |
| Morgan Stanley ABS Capital II Inc. |
Delaware | |
| Morgan Stanley Altabridge Ltd. |
Cayman Islands | |
| Morgan Stanley Amanu LLC |
Delaware | |
| Makatea JV Inc. |
Delaware | |
| Morgan Stanley Moorea Inc. |
Delaware | |
| Morgan Stanley Pinaki Limited |
Cayman Islands | |
| Morgan Stanley Raraka Limited |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 2 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Morgan Stanley Tepoto Limited |
Cayman Islands | |
| Morgan Stanley Asset Funding Inc. |
Delaware | |
| Morgan Stanley Becketts LLC |
Delaware | |
| Morgan Stanely Copse LLC |
Delaware | |
| Morgan Stanley Chapel LLC |
Delaware | |
| Woodcote Capital S.a.r.l. |
Lusembourg | |
| Morgan Stanley Atlas, Inc. |
Delaware | |
| Morgan Stanley Biscay LLC |
Delaware | |
| Morgan Stanley Alpha Investments LLP |
United Kingdom | |
| Morgan Stanley Epsilon Investments Limited |
United Kingdom | |
| Morgan Stanley Leitrim S.à.r.l |
Lusembourg | |
| Morgan Stanley Plymouth Limited |
Cayman Islands | |
| Morgan Stanley Cork Limited |
Cayman Islands | |
| Morgan Stanley Viking LLC |
Delaware | |
| Morgan Stanley Fastnet LLC |
Delaware | |
| Morgan Stanley Humber LLC |
Delaware | |
| Fitzroy Partnership |
Delaware | |
| Morgan Stanley Kite LLC |
Delaware | |
| Morgan Stanley Firecrest LLC |
Delaware | |
| Morgan Stanley Puffin LLC |
Delaware | |
| Morgan Stanley Semaine Sarl |
Lusembourg | |
| Ras Dashen Cayman Ltd. |
Delaware | |
| Morgan Stanley Boscastle Holding Limited |
Cayman Islands | |
| Morgan Stanley Cornerways Cayman Limited |
Cayman Islands | |
| Morgan Stanley Monmouth UK |
United Kingdom | |
| Morgan Stanley White Horse UK |
United Kingdom | |
| Morgan Stanley Capital I Inc. |
Delaware | |
| Morgan Stanley Capital Group Inc. |
Delaware | |
| Heidmar Group Inc. |
Delaware | |
| GT Energy Corporation |
Texas | |
| Houston Marine Services, Inc. |
Texas | |
| Heidenreich Marine Inc. |
Liberia | |
| Canterbury Tankers LLC |
Marshall Islands | |
| Darien Tankers Inc. |
Liberia | |
| Heidenreich Marine Investments LLC |
Marshall Islands | |
| Global Lightering Solutions LLC |
Marshall Islands | |
| Heidenreich Lightering Services Inc. |
Liberia | |
| Heidenreich Marine (UK) Limited |
United Kingdom | |
| Heidmar Euro LLC |
Marshall Islands | |
| Heidmar (Far East) LLC |
Marshall Islands | |
| Heidmar (Far East) Pte. Ltd. |
Singapore | |
| Heidmar Force Inc. |
Liberia | |
| Protank Shipping Inc. |
Liberia | |
| Heidmar International Pools Inc. |
Liberia | |
| Dorado Tankers Inc. |
Liberia | |
| Marida Tankers Inc. |
Liberia | |
| Sigma Tankers Inc. |
Liberia | |
| Star Tankers Inc. |
Liberia | |
| Heidmar LLC |
Marshall Islands | |
| Heidenreich Marine Caracas, C.A. |
Venezuela | |
| Heidmar Lightering Inc. |
Liberia | |
| Norwalk Tankers Inc. |
Liberia | |
| Q88.Com LLC |
Marshall Islands | |
| QFleet Com LLC |
Marshall Islands |
* Minority voting interest is held by a non-affiliate. |
Page 3 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Unicorn-Heidmar Tankers LLC |
Marshall Islands | |
| Heidmar Intermediate Holdings Limited |
Cayman Islands | |
| Morgan Stanley Capital Group (España), S.L. |
Spain | |
| Morgan Stanley Energy Development Corp. |
Delaware | |
| Morgan Stanley Petroleum Development LLC |
Delaware | |
| MSDW Power Development Corp. |
Delaware | |
| Minnewit B.V. |
The Netherlands | |
| MS Retail Development Corp. |
Delaware | |
| Naniwa Energy LLC |
Delaware | |
| Naniwa Terminal LLC |
Delaware | |
| Power Contract Finance, L.L.C. |
Delaware | |
| Power Contract Financing II, Inc. |
Delaware | |
| Power Contract Financing II, L.L.C. |
Delaware | |
| South Eastern Electric Development Corporation |
Delaware | |
| South Eastern Generating Corporation |
Delaware | |
| TransMontaigne Inc. |
Delaware | |
| TransMontaigne Product Services Inc. |
Delaware | |
| TransMontaigne Services Inc. |
Delaware | |
| TransMontaigne Transport Inc. |
Delaware | |
| Coastal Tug and Barge, Inc. |
Delaware | |
| Morgan Stanley Capital International Inc. * |
Delaware | |
| Barra, Inc. |
Delaware | |
| Barra International Ltd. |
Delaware | |
| BarraConsult Ltda. |
Brazil | |
| Barra International (Australia) Pty Ltd |
Australia | |
| Investment Performance Objects Pty Ltd |
Australia | |
| Barra Japan Co., Ltd |
Japan | |
| Barra Ventures, Inc. |
Delaware | |
| Barra Holding Company Ltd |
United Kingdom | |
| Barra POSIT, Inc. |
Delaware | |
| Financial Engineering Associates, Inc. |
California | |
| MSCI Barra Financial Information Consultancy (Shanghai) Limited Note: legal name is
|
People’s Rep. of China | |
| Morgan Stanley Capital International Australia Pty Limited |
Australia | |
| Morgan Stanley Capital International Limited |
United Kingdom | |
| Morgan Stanley Capital International S.A. |
Switzerland | |
| Morgan Stanley Capital International Services Private Limited |
India | |
| Morgan Stanley Capital International Singapore Pte Limited |
Singapore | |
| Morgan Stanley Capital Management, LLC |
Delaware | |
| Morgan Stanley Domestic Capital, Inc. |
Delaware | |
| Morgan Stanley Bank |
Utah | |
| Morgan Stanley Credit Corporation |
Delaware | |
| NOVUS Receivables Financing Inc. |
Delaware | |
| Morgan Stanley Credit Corporation of Iowa |
Iowa | |
| Morgan Stanley Credit Corporation of Minnesota |
Minnesota | |
| Morgan Stanley Credit Corporation of Pennsylvania |
Pennsylvania | |
| Morgan Stanley Credit Corporation of Tennessee |
Tennessee | |
| NOVUS Credit Services Inc. |
Delaware | |
| Discover Community Development Corporation |
Delaware | |
| Bank of New Castle |
Delaware | |
| Discover Bank |
Delaware | |
| Discover Products Inc. |
Utah | |
| GTC Insurance Agency, Inc. |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 4 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Discover Card Limited |
Gibraltar | |
| Discover Financial Services (Canada), Inc. |
Canada | |
| Discover Financial Services LLC |
Delaware | |
| PULSE EFT GP LLC |
Delaware | |
| PULSE EFT Association L.P. |
Delaware | |
| Money Station, Inc. |
Ohio | |
| Tyme Corporation |
Virginia | |
| PULSE LP LLC |
Delaware | |
| Discover Financial Services Insurance Agency, Inc. |
Delaware | |
| Discover Services Corporation |
Delaware | |
| SCFC Receivables Corp. |
Delaware | |
| Discover Receivables Financing Corporation |
Delaware | |
| NOVUS Financial Corporation of Washington |
Washington | |
| Morgan Stanley Capital Partners III, Inc. |
Delaware | |
| Morgan Stanley Capital REIT Inc. |
Delaware | |
| Morgan Stanley Capital Services Inc. |
Delaware | |
| Morgan Stanley Baltic Limited |
Cayman Islands | |
| Morgan Stanley Caspian Limited |
Cayman Islands | |
| MS Avondale 1 B.V. |
The Netherlands | |
| MS Avondale 2 B.V. |
The Netherlands | |
| Morgan Stanley Capital Trust II |
Delaware | |
| Morgan Stanley Capital Trust III |
Delaware | |
| Morgan Stanley Capital Trust IV |
Delaware | |
| Morgan Stanley Capital Trust V |
Delaware | |
| Morgan Stanley Commercial Financial Services, Inc. |
Delaware | |
| Morgan Stanley Commercial Mortgage Capital, Inc. |
Delaware | |
| Morgan Stanley Content Corporation |
Delaware | |
| Morgan Stanley Credit Enhancing Inc. |
Delaware | |
| Morgan Stanley Credit Servicing Inc. |
Delaware | |
| Morgan Stanley Dean Witter Equity Funding, Inc. |
Delaware | |
| Morgan Stanley Dean Witter International Incorporated |
Delaware | |
| Dean Witter International Ltd. |
United Kingdom | |
| Dean Witter Reynolds GmbH |
Germany | |
| Dean Witter Reynolds International, Inc. |
Panama | |
| Dean Witter Reynolds (Geneva) S.A. |
Switzerland | |
| Dean Witter Reynolds (Lausanne) S.A. |
Switzerland | |
| Dean Witter Reynolds (Lugano) S.A. |
Switzerland | |
| River View International Inc. |
Delaware | |
| Morgan Stanley Dean Witter Wealth Management, Inc. |
Delaware | |
| Morgan Stanley Derivative Products Inc. |
Delaware | |
| Morgan Stanley Distributors Inc. |
Delaware | |
| Morgan Stanley Domestic Leasing Inc. |
Delaware | |
| Morgan Stanley DW Inc. |
Delaware | |
| 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 (Maine) Inc. |
Maine | |
| Dean Witter Reynolds Insurance Services (Montana) Inc. |
Montana | |
| Dean Witter Reynolds Insurance Services (Nevada) Inc. |
Nevada | |
| Dean Witter Reynolds Insurance Services (New Hampshire) Inc. |
New Hampshire | |
| Dean Witter Reynolds Insurance Services (South Dakota) Inc. |
South Dakota |
* Minority voting interest is held by a non-affiliate. |
Page 5 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Dean Witter Reynolds Insurance Services (Washington) Inc. |
Washington | |
| Dean Witter Reynolds Insurance Services (Wyoming) Inc. |
Wyoming | |
| Morgan Stanley Dean Witter Insurance Services (Alabama) Inc. |
Alabama | |
| Morgan Stanley Dean Witter Insurance Services (Arizona) Inc. |
Arizona | |
| Morgan Stanley Dean Witter Insurance Services (Arkansas) Inc. |
Arkansas | |
| Morgan Stanley Insurance Services Inc. |
Delaware | |
| Dean Witter Reynolds Insurance Agency (Indiana) Inc. |
Indiana | |
| Morgan Stanley Investment Management (Korea) Limited Legal Name:
|
Republic of Korea | |
| Morgan Stanley Elan LLC |
Delaware | |
| Cimarron Investments LLC |
Delaware | |
| Riva Investments LLC |
Delaware | |
| Morgan Stanley Emerging Markets Inc. |
Delaware | |
| Always Limited |
Cayman Islands | |
| Hybrid Capital Y.K. |
Japan | |
| Inter Capital Alliance Company Limited * |
Thailand | |
| MS China 1 Limited |
Cayman Islands | |
| MS China 2 Limited |
Cayman Islands | |
| MS China 3 Limited |
Cayman Islands | |
| MS China 4 Limited |
Cayman Islands | |
| MS China 5 Limited |
Cayman Islands | |
| DAH Limited |
Cayman Islands | |
| Dare Limited |
Cayman Islands | |
| Dash Limited |
Cayman Islands | |
| MS China 6 Limited |
Cayman Islands | |
| MS China 7 Limited |
Cayman Islands | |
| MS China 8 Limited |
Cayman Islands | |
| MSGHYLADD |
Ireland | |
| MSJI LLC |
Delaware | |
| Philippine Asset Investment (SPV—AMC) Inc. |
The Philippines | |
| Morgan Stanley Equity Services Inc. |
Delaware | |
| Morgan Stanley Europa LLC |
Delaware | |
| Morgan Stanley Callisto Cayman Ltd. |
Cayman Islands | |
| Morgan Stanley Elara Cayman Ltd. |
Cayman Islands | |
| Morgan Stanley Eurydome Cayman Ltd. |
Cayman Islands | |
| Morgan Stanley Luxembourg Holdings Sàrl |
Luxembourg | |
| Morgan Stanley Luxembourg Reinsurance S.A. |
Luxembourg | |
| Morgan Stanley Stoneyside Cayman Limited |
Cayman Islands | |
| Morgan Stanley Himalia Cayman Limited |
Cayman Islands | |
| Morgan Stanley Sinope Cayman Limited |
Cayman Islands | |
| Morgan Stanley Adrastea Netherlands B.V. |
The Netherlands | |
| Morgan Stanley IO Cayman Limited |
Cayman Islands | |
| Morgan Stanley Iocaste Cayman Limited |
Cayman Islands | |
| Morgan Stanley Pasiphae Netherlands B.V. |
The Netherlands | |
| Morgan Stanley Leda Ltd. |
Cayman Islands | |
| Morgan Stanley Finance (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Fund Capital (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Funding, Inc. |
Delaware | |
| Morgan Stanley Funding Services Corporation |
Delaware | |
| Morgan Stanley Fund Services Inc. |
Delaware | |
| Morgan Stanley Fund Services (Bermuda) Ltd. |
Bermuda | |
| Morgan Stanley Fund Services (Cayman) Ltd. |
Cayman Islands | |
| Morgan Stanley Fund Services (Ireland) Limited |
Ireland |
* Minority voting interest is held by a non-affiliate. |
Page 6 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Fund Services (UK) Limited |
United Kingdom | |
| Morgan Stanley Fund Services USA LLC |
Delaware | |
| Morgan Stanley Galway LLC |
Delaware | |
| Morgan Stanley Clare Sarl |
Luxembourg | |
| Morgan Stanley Global Emerging Markets, Inc. |
Delaware | |
| Morgan Stanley International Holdings Inc. |
Delaware | |
| Arigil Menkul Degerler A.S. |
Turkey | |
| Arno Limited |
Cayman Islands | |
| European Principal Assets Limited |
United Kingdom | |
| Credito Fondario e Industriale - Fonspa SpA |
Itlay | |
| Morgan Stanley AB |
Sweden | |
| Morgan Stanley Advantage Services Private Limited |
India | |
| Morgan Stanley Asia Holdings I Inc. |
Delaware | |
| Morgan Stanley Asia Holdings II Inc. |
Delaware | |
| Morgan Stanley Asia Holdings III Inc. |
Delaware | |
| Morgan Stanley Asia Holdings IV Inc. |
Delaware | |
| Morgan Stanley Asia Holdings VI Inc. |
Delaware | |
| Morgan Stanley Asia Pacific (Holdings) Limited |
Cayman Islands | |
| Morgan Stanley Asia Regional (Holdings) III LLC |
Cayman Islands | |
| Morgan Stanley Dean Witter (Singapore) Holdings Pte Ltd |
Singapore | |
| Morgan Stanley Asia (Singapore) Securities Pte Ltd |
Singapore | |
| Morgan Stanley Dean Witter Asia (Singapore) Pte |
Singapore | |
| Morgan Stanley Dean Witter Capital Group (Singapore) Pte |
Singapore | |
| Morgan Stanley Investment Management Company |
Singapore | |
| Morgan Stanley Labuan Investment Bank Limited |
Labuan/Malaysia | |
| Morgan Stanley Dean Witter (Hong Kong) Holdings |
Hong Kong | |
| Morgan Stanley Asia International Limited |
Cayman Islands | |
| Morgan Stanley Hong Kong 1238 Limited |
Hong Kong | |
| MSDW Asia Securities Products LLC |
Cayman Islands | |
| Morgan Stanley Asia Products Limited |
Cayman Islands | |
| Morgan Stanley Dean Witter Asia Limited |
Hong Kong | |
| Morgan Stanley Dean Witter Asia (Taiwan) Ltd. |
Rep. of China | |
| Morgan Stanley Dean Witter Futures (Hong Kong) Limited |
Hong Kong | |
| Morgan Stanley Dean Witter Hong Kong Securities Limited |
Hong Kong | |
| Morgan Stanley Dean Witter Pacific Limited |
Hong Kong | |
| Morgan Stanley Investment Consultancy (Beijing) Company Limited Note: Legal Name is
|
People’s Rep. of China | |
| Morgan Stanley Hong Kong 1239 Limited |
Hong Kong | |
| Morgan Stanley Information Technology (Shanghai) Limited Note: Legal Name is
|
People’s Rep. of China | |
| Morgan Stanley Services Limited |
Australia | |
| MSDW-JL Holdings I Limited |
Cayman Islands | |
| Morgan Stanley Bosphorus Limited |
Cayman Islands | |
| Morgan Stanley Canmore Limited |
Cayman Islands | |
| Morgan Stanley Caledonia Limited |
Cayman Islands | |
| Morgan Stanley Japan (Holdings) Ltd. |
Cayman Islands | |
| City Forum Capital Limited |
Cayman Islands | |
| Morgan Stanley Dean Witter Japan Group, Ltd. |
Cayman Islands | |
| MSDW-JL Holdings II Limited |
Cayman Islands | |
| Morgan Stanley Products Limited |
Cayman Islands | |
| MS Capital Cayman Ltd. |
Cayman Islands | |
| MS Remora Ltd. |
Cayman Islands | |
| MSJL Holdings 4682 Limited |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 7 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of Incorporation or Formation | |
| MSJL Holdings Limited |
Cayman Islands | |
| Jipang Mortgage Finance Co., Ltd. |
Japan | |
| Morgan Stanley Japan Group Co., Ltd. |
Japan | |
| Morgan Stanley Japan Securities Co., Ltd |
Japan | |
| MSJS Preferred YK |
Japan | |
| MSDW Birkdale Limited |
Cayman Islands | |
| MSDW Portrush Limited |
Cayman Islands | |
| MSDW (Holdings) III Limited |
Cayman Islands | |
| Morgan Stanley Credit Services Japan Limited |
Cayman Islands | |
| MSDW Muirfield Limited |
Cayman Islands | |
| MSDW Lytham Limited |
Cayman Islands | |
| Swilken Limited |
Cayman Islands | |
| Morgan Stanley Asset & Investment Trust Management Co., Limited |
Japan | |
| Morgan Stanley Asset Management S.A. |
Luxembourg | |
| Morgan Stanley Bank AG |
Germany | |
| Morgan Stanley B.V. |
The Netherlands | |
| Morgan Stanley Canada Limited |
Canada | |
| Morgan Stanley Capital S.A. de C.V., SOFOM, E.N.R. |
Mexico | |
| Morgan Stanley Capital (Luxembourg) S.A. |
Luxembourg | |
| Morgan Stanley Cayman Holdings I Limited |
Cayman Islands | |
| Morgan Stanley Commodities Trading Cayman Holdings Limited |
Cayman Islands | |
| Morgan Stanley Commodities Trading Hong Kong Holdings Limited |
Hong Kong | |
| Morgan Stanley Commodities Trading (China) Limited
|
People’s Rep. of China | |
| Morgan Stanley Dean Witter Asia (China) Limited |
Hong Kong | |
| Morgan Stanley Dean Witter Australia Finance Limited |
Australia | |
| Morgan Stanley (Australia) Real Estate Holdings Pty Limited |
Australia | |
| Morgan Stanley (Australia) Servco Pty Limited |
Australia | |
| Morgan Stanley International Real Estate Limited |
Australia | |
| Morgan Stanley Dean Witter Hong Kong Nominees Limited |
Hong Kong | |
| Morgan Stanley Dean Witter Mauritius Company Limited |
Mauritius | |
| Morgan Stanley Asia Regional (Holdings) II LLC |
Cayman Islands | |
| Morgan Stanley India Securities Private Limited * |
India | |
| JM Morgan Stanley Securities Private Limited * |
India | |
| Morgan Stanley Investment Management Private Limited * |
India | |
| MSIM Global Support and Technology Services Private Limited |
India | |
| Morgan Stanley Dean Witter (Thailand) Limited |
Thailand | |
| Morgan Stanley Elbe GmbH |
Germany | |
| Morgan Stanley Weser GmbH |
Germany | |
| Morgan Stanley (España), S.A. |
Spain | |
| Morgan Stanley Havel GmbH |
Germany | |
| Morgan Stanley Warta GmbH |
Germany | |
| Morgan Stanley Werra GmbH & Co. KG |
Germany | |
| Morgan Stanley Hungary Analytics Kft. |
Hungary | |
| Morgan Stanley International Limited |
United Kingdom | |
| Morgan Stanley Funding II Limited |
Jersey, Channel Is. | |
| Morgan Stanley Group (Europe) |
United Kingdom | |
| Advantage Home Loans Limited |
United Kingdom | |
| Bayfine UK Products |
United Kingdom | |
| Morgan Stanley Bramley Limited |
United Kingdom | |
| Morgan Stanley Capital Group Limited |
United Kingdom | |
| Morgan Stanley Card Services Limited |
United Kingdom | |
| Morgan Stanley (Europe) Limited |
United Kingdom | |
| Morgan Stanley Finance plc |
United Kingdom | |
| Morgan Stanley Caballa Limited |
United Kingdom |
* Minority voting interest is held by a non-affiliate. |
Page 8 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Morgan Stanley Gastoro Limited |
United Kingdom | |
| Morgan Stanley Pintado Investments Limited |
United Kingdom | |
| Woburn IV Cooperatieve UA |
The Netherlands | |
| Woburn V Cooperatieve UA |
The Netherlands | |
| MSDW Corporate Holdings Limited |
United Kingdom | |
| MSDW Corporate Investments I Limited |
Jersey, Channel Is. | |
| MSDW Corporate Investments II Limited |
Jersey, Channel Is. | |
| Sunningdale Cooperatieve UA |
The Netherlands | |
| Woburn Cooperatieve UA |
The Netherlands | |
| Wentworth Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Gala Limited |
Jersey, Channel Is. | |
| Morgan Stanley Investment Management Limited |
United Kingdom | |
| Morgan Stanley Investment Management (ACD) Limited |
United Kingdom | |
| Morgan Stanley JY Holdings Limited |
United Kingdom | |
| Morgan Stanley JY Limited |
United Kingdom | |
| Morgan Stanley Laxton |
United Kingdom | |
| Morgan Stanley Bank International Limited |
United Kingdom | |
| Nan Tung Bank Ltd. Zhuhai
|
People’s Rep. of China | |
| Morgan Stanley Property Management (UK) Limited |
United Kingdom | |
| Morgan Stanley Services (UK) Limited |
United Kingdom | |
| Morgan Stanley Strategic Funding Limited |
United Kingdom | |
| Morgan Stanley (Structured Products) Jersey Limited |
Jersey, Channel Is. | |
| Morgan Stanley UK Group |
United Kingdom | |
| Morgan Stanley & Co. International Limited |
United Kingdom | |
| Morgan Stanley Bowline Limited |
United Kingdom | |
| Archimedes Investments Coopratieve U.A. |
The Netherlands | |
| Christoffelberg Cooperatieve UA |
The Netherlands | |
| Morgan Stanley Bridel S.a.r.l. |
Luxembourg | |
| Morgan Stanley Dean Witter Strategic Investments Limited |
United Kingdom | |
| MSDW Lyle Investments Limited |
United Kingdom | |
| Morgan Stanley Dover Investments Limited |
United Kingdom | |
| Morgan Stanley Penberthy Limited |
United Kingdom | |
| Hanger Straight Limited |
Cayman Islands | |
| Morgan Stanley Equity Finance (Denmark) ApS |
Denmark | |
| Morgan Stanley Equity Financing Services (Sweden) AB |
Sweden | |
| Morgan Stanley Fisher Investments Limited |
United Kingdom | |
| Ashwood Cooperatieve U.A. |
The Netherlands | |
| Woburn VI Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley (France) SAS |
France | |
| Morgan Stanley International Nominees Limited |
United Kingdom | |
| Morgan Stanley Lundy Investments Limited |
United Kingdom | |
| Morgan Stanley Mandarin Limited |
United Kingdom | |
| Morgan Stanley Harlequin Investments Limited |
United Kingdom | |
| Metsys Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Pintail Investments Limited |
United Kingdom | |
| Bonaire Cooperatieve U.A. |
The Netherlands | |
| Tamboer Cooperatieve U.A. |
The Netherlands | |
| Orangewood Cooperatieve U.A. |
The Netherlands | |
| Saenredam Cooperatieve UA |
The Netherlands | |
| Saldanha Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Neudorf S.a.r.l. |
Luxembourg | |
| Morgan Stanley Rivelino Investments Limited |
United Kingdom | |
| Morgan Stanley Dolor Limited |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 9 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Morgan Stanley Gerson Limited |
Cayman Islands | |
| Morgan Stanley Tostao Limited |
Cayman Islands | |
| Denilson Company Pty Limited |
Australia | |
| Everaldo LP |
Australia | |
| Morgan Stanley Zico Investments Limited |
United Kingdom | |
| Morgan Stanley Silvermere Limited |
United Kingdom | |
| Morgan Stanley Shanklin Limited |
Cayman Islands | |
| Morgan Stanley Northcote Investments Limited |
United Kingdom | |
| Borderwijk Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Norton Investments Limited |
United Kingdom | |
| Bermont Co-operatieve U.A. |
The Netherlands | |
| Shavano Cooperatieve UA |
The Netherlands | |
| Morgan Stanley Yarmouth Limited |
Cayman Islands | |
| Morgan Stanley Wertpapiere GmbH |
Germany | |
| MSDW Turnberry Ltd. |
United Kingdom | |
| Eustatius Cooperatieve U.A. |
The Netherlands | |
| MSDW Jubilee Investments Ltd. |
United Kingdom | |
| Augusta Cooperatieve UA |
The Netherlands | |
| MSDW Eden Investments Ltd. |
United Kingdom | |
| MSDW Mallard Investments Limited |
United Kingdom | |
| Brit Alliance Finance B.V.* |
The Netherlands | |
| Carysforth Investments Limited |
Cayman Islands | |
| Haddington Investments Limited |
Cayman Islands | |
| MSDW Montgomerie Limited |
United Kingdom | |
| Wadway 1 Cooperatieve U.A. |
The Netherlands | |
| Wadway 2 Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Humboldt Investments Limited |
United Kingdom | |
| Morgan Stanley Malin Investments Limited |
United Kingdom | |
| Morgan Stanley Portland Investments Limited |
United Kingdom | |
| MSDW Raleigh Investments Limited |
United Kingdom | |
| Drake Investments Limited * |
Cayman Islands | |
| Livingstone Investments Limited |
Jersey, Channel Is. | |
| Woburn III Cooperatieve UA |
The Netherlands | |
| Morgan Stanley & Co. Limited |
United Kingdom | |
| East Sussex Financing Limited |
Jersey, Channel Is. | |
| Cottenden Financing Unlimited |
Jersey, Channel Is. | |
| Morgan Stanley Foreign Complex Trust |
Delaware | |
| Morgan Stanley Foreign Complex Trust IX |
Delaware | |
| Morgan Stanley Securities ACD Limited |
United Kingdom | |
| Morgan Stanley Securities Limited |
United Kingdom | |
| Morstan Nominees Limited |
United Kingdom | |
| MSDW Equity (UK) Plc |
United Kingdom | |
| Morgan Stanley Taiwan Limited |
Republic of China | |
| Morgan Stanley UK Limited |
United Kingdom | |
| Morgan Stanley Trustee Limited |
United Kingdom | |
| OOO Morgan Stanley Bank |
Russian Federation | |
| Quilter Holdings Limited |
United Kingdom | |
| Quilter & Co. Limited |
United Kingdom | |
| CIPM Nominees Limited |
Jersey, Channel Is. | |
| Coastal Nominees (International) Limited |
United Kingdom | |
| Coastal Nominees Limited |
United Kingdom | |
| Commercial Trust Co. Limited |
Jersey, Channel Is | |
| Hawkshead Trust Nominees Limited |
United Kingdom | |
| Morgan Stanley Quilter (Ireland) Nominees Limited |
Ireland |
* Minority voting interest is held by a non-affiliate. |
Page 10 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. *Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Morgan Stanley Quilter Nominees Limited |
United Kingdom | |
| QGCI Nominees Limited |
Jersey, Channel Is. | |
| QGCI Offshore Special Selection Nominee Company Limited |
Jersey, Channel Is. | |
| Quilpep Nominees Limited |
United Kingdom | |
| Quilter Fund Management Limited |
United Kingdom | |
| Quilter Investments Limited |
United Kingdom | |
| Quilter International Management Limited |
Guernsey, Channel Is. | |
| MS Leasing UK Limited |
United Kingdom | |
| Morgan Stanley Finance (C.I.) Limited |
Jersey, Channel Is. | |
| MSDW Fixed Income Limited |
Jersey, Channel Is. | |
| Willow Capital Limited |
Jersey, Channel Is. | |
| Morgan Stanley Investment Management (Australia) Pty Limited |
Australia | |
| Morgan Stanley Investments (Mauritius) Limited |
India | |
| Morgan Stanley Isar GmbH |
Germany | |
| Morgan Stanley Spree GmbH |
Germany | |
| Morgan Stanley (Israel) Ltd. |
Israel | |
| Morgan Stanley Japan Limited |
Cayman Islands | |
| Morgan Stanley Latin America Incorporated |
Delaware | |
| Banco Morgan Stanley Dean Witter S.A. |
Brazil | |
| Morgan Stanley Dean Witter Administadora de Carteiras S.A. |
Brazil | |
| Morgan Stanley Dean Witter Corretora de Títulos e Valores Mobiliários S.A. |
Brazil | |
| Morgan Stanley Dean Witter do Brasil Ltda. |
Brazil | |
| Morgan Stanley Uruguay Ltda. |
Uruguay | |
| MSLA Advisors Incorporated |
Delaware | |
| Morgan Stanley Middle East Inc. |
Delaware | |
| Morgan Stanley Mortgage Servicing Ltd. |
United Kingdom | |
| Morgan Stanley Newport S.a.r.l. |
Luxembourg | |
| Morgan Stanley Pacific Services Limited |
United Kingdom | |
| Morgan Stanley Private Equity Management Korea, Ltd. |
Republic of Korea | |
| Morgan Stanley Real Estate Investment GmbH |
Germany | |
| Morgan Stanley SGR (Società di Gestione del Risparmio) SpA |
Italy | |
| Morgan Stanley South Africa (Pty) Limited |
South Africa | |
| Morgan Stanley, S.V., S. A. |
Spain | |
| AB Asesores Bursátiles Cordoba, S.A. |
Spain | |
| AB Asesores Ceuta, S.L. |
Spain | |
| Morgan Stanley Consulting, S.A. |
Spain | |
| Morgan Stanley Gestión Pensiones EGFP, S.A. |
Spain | |
| Morgan Stanley Gestión SGIIC, S.A. |
Spain | |
| Morgan Stanley Swiss Holdings GmbH |
Switzerland | |
| Bank Morgan Stanley AG |
Switzerland | |
| Fosbury Investments Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Trading Beteiligungs-GmbH |
Germany | |
| MSAM/Kokusai (Cayman Islands), Inc. |
Cayman Islands | |
| MSAM/Kokusai II (Cayman Islands), Inc. |
Cayman Islands | |
| MSDW Equity Financing Services (Luxembourg) S.à.r.l. |
Luxembourg | |
| MSDW Finance (Netherlands) BV |
The Netherlands | |
| MS Italy (Holdings) Inc. |
Delaware | |
| MSL Incorporated |
Delaware | |
| Morgan Stanley SPV I (Cayman Islands) LLC |
Cayman Islands | |
| Farlington Company |
Ireland | |
| ITALSEC S.r.l. |
Italy | |
| Providence DE LLC |
Delaware | |
| Providence Canada Co. |
Canada | |
| Providence Cayman Investments Limited |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 11 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. *Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Providence DE Investments Co. |
Delaware | |
| PT Morgan Stanley Indonesia |
Indonesia | |
| YK Hybrid Capital Second |
Japan | |
| Morgan Stanley International Incorporated |
Delaware | |
| Morgan Stanley Asia Holdings V Inc. |
Delaware | |
| Morgan Stanley (Australia) Holdings Pty Limited |
Australia | |
| Morgan Stanley (Australia) Securities Holdings Pty Limited |
Australia | |
| Morgan Stanley Dean Witter Australia Securities Limited |
Australia | |
| Morgan Stanley Dean Witter Australia Securities (Nominee) Pty Limited |
Australia | |
| Morgan Stanley Capital Holdings |
United Kingdom | |
| Morgan Stanley Dean Witter Financial Holdings, LLC |
Delaware | |
| Morgan Stanley Dean Witter Hong Kong Finance Limited |
Hong Kong | |
| Morgan Stanley Dean Witter UK Capital Limited |
United Kingdom | |
| Morgan Stanley Dean Witter HK RAV IV, LLC |
Delaware | |
| Morgan Stanley International Finance S.A. |
Luxembourg | |
| Morgan Stanley Shannon Limited |
Cayman Islands | |
| Morgan Stanley Brighton Limited |
Cayman Islands | |
| Morgan Stanley Kerry Limited |
Cayman Islands | |
| Morgan Stanley Dean Witter Australia Limited |
Australia | |
| Morgan Stanley International Insurance Ltd. |
Bermuda | |
| MSIIL Captive Insurance, Inc. |
Arizona | |
| Morgan Stanley Offshore Investment Company Ltd. |
Cayman Islands | |
| Morgan Stanley Select Investment Strategies Ltd. |
Cayman Islands | |
| Morgan Stanley SerCo Solutions Pty Limited |
Australia | |
| Morgan Stanley SPV II (Cayman Islands) LLC |
Cayman Islands | |
| MSDW Investment Holdings Limited |
Cayman Islands | |
| Cabot 2 Limited |
United Kingdom | |
| MS Cabot Inc. |
Delaware | |
| MSDW Investment Holdings (US) Inc. |
Delaware | |
| Morgan Stanley UK Trader |
United Kingdom | |
| Morgan Stanley Corporate Trader |
United Kingdom | |
| Morgan Stanley Financial Trader |
United Kingdom | |
| Morgan Stanley Equity Trader |
United Kingdom | |
| Morgan Stanley Russet LLP |
United Kingdom | |
| MSDW Investment Holdings (UK) Ltd. |
United Kingdom | |
| Cabot 1 Limited |
United Kingdom | |
| Applied Risc Technologies Limited |
United Kingdom | |
| Cornwall Financing UK Limited |
Jersey, Channel Is. | |
| Morgan Stanley Cornwall Investments UK Limited |
Jersey, Channel Is. | |
| Morgan Stanley Investment Holdings Jersey Limited |
Jersey, Channel Is. | |
| Hampshire Trading B.V. * |
The Netherlands | |
| Lancashire Trading B.V. |
The Netherlands | |
| Norfolk Trading B.V. |
The Netherlands | |
| Suffolk Trading B.V. * |
The Netherlands | |
| Wiltshire Trading B.V. |
The Netherlands | |
| Morgan Stanley Funding Limited |
Jersey, Channel Is. | |
| Yorkshire Trading B.V. |
The Netherlands | |
| Morgan Stanley Cumbria Investments |
United Kingdom | |
| Morgan Stanley Derivative Products (Netherlands) B.V |
The Netherlands | |
| Morgan Stanley Equity Finance (Malta) Limited |
Malta | |
| Morgan Stanley Durham Investments Limited |
United Kingdom | |
| Morgan Stanley Langton Limited |
United Kingdom | |
| Morgan Stanley Equity Holdings (Ireland) Limited |
Ireland |
* Minority voting interest is held by a non-affiliate. |
Page 12 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| Morgan Stanley Derivative Products (Spain) SL |
Spain | |
| Morgan Stanley Longcross Limited |
United Kingdom | |
| Morgan Stanley Investment Advisors Inc. |
Delaware | |
| Morgan Stanley Services Company Inc. |
Delaware | |
| Morgan Stanley Investment Management Inc. |
Delaware | |
| Morgan Stanley AIP Funding Inc. |
Delaware | |
| Morgan Stanley Alternative Investments Inc. |
Delaware | |
| Morgan Stanley AIP (Cayman) GP Ltd. |
Cayman Islands | |
| Morgan Stanley AIP GP LP |
Delaware | |
| Morgan Stanley Alternative Investment Partners LP |
Delaware | |
| Morgan Stanley Comprehensive Alternatives Fund I LP |
Delaware | |
| Morgan Stanley Distribution, Inc. |
Pennsylvania | |
| Morgan Stanley Global Franchise Inc. |
Delaware | |
| Morgan Stanley (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Kristinestad LLC |
Delaware | |
| Morgan Stanley Leveraged Equity Fund II, Inc. |
Delaware | |
| Morgan Stanley Dean Witter Private Equity Asia Limited |
Hong Kong | |
| Morgan Stanley Leveraged Equity Holdings Inc. |
Delaware | |
| Morgan Stanley Market Products Inc. |
Delaware | |
| Morgan Stanley Milla LLC |
Delaware | |
| Morgan Stanley Lineker LLC |
Delaware | |
| Morgan Stanley ML Acquisition Inc. |
Delaware | |
| Morgan Stanley Mortgage Capital Inc. |
New York | |
| Angle Merger Subsidiary |
Maryland | |
| Morgan Stanley Dean Witter Asset Capital Inc. |
Delaware | |
| MS LIQ-I, Inc. |
New York | |
| MSSHG I Ltd. |
Cayman Islands | |
| Morgan Stanley Municipal Funding Inc. |
Delaware | |
| Morgan Stanley Municipal Management, Inc. |
Delaware | |
| Morgan Stanley Overseas Finance Ltd. |
Cayman Islands | |
| Morgan Stanley Overseas Services (Jersey) Limited |
Jersey, Channel Is. | |
| Morgan Stanley Principal Funding, Inc. |
Delaware | |
| Morgan Stanley (Hungary) Financial Services Limited |
Hungary | |
| SPV Columbus S.r.L. |
Italy | |
| Morgan Stanley Principal Strategies, Inc. |
Delaware | |
| Morgan Stanley Private Equity Asia, Inc. |
Delaware | |
| Morgan Stanley Procurement Inc. |
Delaware | |
| Morgan Stanley Real Estate Advisor, Inc. |
Delaware | |
| MSREA Holdings, Inc. |
Delaware | |
| MSREA Holdings, LLC |
Delaware | |
| MSREA LL Holdings, LLC |
Delaware | |
| Morgan Stanley Real Estate F Funding, Inc. |
Delaware | |
| Morgan Stanley Real Estate F Funding Partner, Inc. |
Delaware | |
| Morgan Stanley Real Estate Investment Management Inc. |
Delaware | |
| Morgan Stanley Real Estate Fund, Inc. |
Delaware | |
| MSREF I, L.L.C. |
Delaware | |
| MSREF I-CO, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Investment Management II, Inc. |
Delaware | |
| MSREF II-CO, L.L.C. |
Delaware | |
| Morgan Stanley Realty Incorporated |
Delaware | |
| BH-MS Realty Inc. |
Delaware | |
| BH-MS Leasing Inc. |
Delaware | |
| BH-Sartell Inc. |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 13 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of Incorporation or Formation | |
| Brooks Harvey & Co., Inc. |
Delaware | |
| Dean Witter Global Realty Inc. |
Delaware | |
| Japan Realty Finance Company |
Cayman Islands | |
| Japan Realty Finance Company II |
Cayman Islands | |
| Morgan Stanley Properties, Inc. |
Delaware | |
| Morgan Stanley Properties Corso Venezia S.r.l. |
Italy | |
| Morgan Stanley Properties France SAS |
France | |
| Morgan Stanley Properties Germany GmbH |
Germany | |
| Morgan Stanley Properties Hong Kong Limited |
Hong Kong | |
| Morgan Stanley Properties Korea Limited |
Republic of Korea | |
| MSK Management II, Ltd. * |
Republic of Korea | |
| Morgan Stanley Properties (Mauritius) India |
Mauritius | |
| Morgan Stanley Properties India Real Estate Management Private Limited |
India | |
| Morgan Stanley Properties (UK) Limited |
United Kingdom | |
| MSP China Holdings Limited |
Cayman Islands | |
| Morgan Stanley Properties Advisory Corp. Limited |
Cayman Islands | |
| Beijing Kaili Asset Servicing Co., Ltd. * |
People’s Rep. of China | |
| Morgan Stanley Properties (China) Co. Ltd. Legal name is
|
People’s Rep. of China | |
| MSDI Investment Services * |
People’s Rep. of China | |
| Morgan Stanley Properties Japan, K.K. |
Japan | |
| K.K. MST Investment Management * |
Japan | |
| K.K. Panorama Hospitality |
Japan | |
| Lombard Servicing Inc. |
Japan | |
| Morgan Stanley Realty of California Inc. |
California | |
| Morgan Stanley Realty of Illinois Inc. |
Delaware | |
| Tokyo Realty Investment Company |
Cayman Islands | |
| Tokyo Realty Investment Company II |
Cayman Islands | |
| Morgan Stanley Risk Services LLC |
Cayman Islands | |
| Morgan Stanley SECAP Funding, LLC |
Delaware | |
| Morgan Stanley Securities, Inc. |
Delaware | |
| MS Equity Products (Luxembourg) S.à.r.l |
Luxembourg | |
| Morgan Stanley Securitization Funding Inc. |
Delaware | |
| Morgan Stanley Senior Funding, Inc. |
Delaware | |
| Morgan Stanley European Event Driven Finance, Inc. |
Delaware | |
| Morgan Stanley European Funding, Inc. |
Delaware | |
| Morgan Stanley European Leveraged Products Inc. |
Delaware | |
| Morgan Stanley European Transaction Finance, Inc. |
Delaware | |
| Morgan Stanley MSSF LLC |
Delaware | |
| Morgan Stanley Senior Funding (Capital), Inc. |
Delaware | |
| Morgan Stanley Senior Funding (Nova Scotia) Co. |
Canada | |
| Tenedora Dalia, S. de R.L. de C.V. |
Mexico | |
| Morgan Stanley Services Inc. |
Delaware | |
| Morgan Stanley Special Situations Group Inc. |
Delaware | |
| Morgan Stanley Structured Products (Cayman) I Limited |
Cayman Islands | |
| Morgan Stanley Technical Services Inc. |
Delaware | |
| Morgan Stanley Technical Services MB/VC Inc. |
Delaware | |
| Morgan Stanley Tower, LLC |
Delaware | |
| MS Financing Inc. |
Delaware | |
| G.H.Y. Capital II B.V. |
The Netherlands | |
| Morgan Stanley 750 Building Corp. |
Delaware | |
| G.H.Y. Capital B.V. |
The Netherlands | |
| Morgan Stanley CS Aviation Holdings, LLC |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 14 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Delta LLC |
Delaware | |
| Morgan Stanley Tokyo Properties Y.K. |
Japan | |
| MSDW LTCP, L.L.C. |
Delaware | |
| MS Harrison LLC |
Delaware | |
| Morgan Stanley Trust |
Federal Charter | |
| Morgan Stanley Trust National Association |
Federal Charter | |
| Morgan Stanley Venture Capital II, Inc. |
Delaware | |
| Morgan Stanley Venture Capital III, Inc. |
Delaware | |
| Morgan Stanley Venture Capital Inc. |
Delaware | |
| Morgan Stanley Wind LLC |
Delaware | |
| Morstan Development Company, Inc. |
Delaware | |
| Moranta, Inc. |
Georgia | |
| Porstan Development Company, Inc. |
Oregon | |
| MS 10020, Inc. |
Delaware | |
| MS Capital Holdings Inc. |
Delaware | |
| MS Debt Opportunities Corp. |
Delaware | |
| MS Holdings Incorporated |
Delaware | |
| ARS BCO GP Inc. |
Delaware | |
| ARS FIHF GP Inc. |
Delaware | |
| ARS GMEMN GP Inc. |
Delaware | |
| ARS JEMN GP Inc. |
Delaware | |
| ARS NAHV GP Inc. |
Delaware | |
| ARS US SMC GP Inc. |
Delaware | |
| Morgan Stanley ARS Funding Inc. |
Delaware | |
| Morgan Stanley Global Macro Fund GP LLC |
Delaware | |
| Morgan Stanley Hedge Fund Partners Cayman Ltd |
Cayman Islands | |
| Morgan Stanley Hedge Fund Partners GP LP |
Delaware | |
| Morgan Stanley HFP Investment Inc. |
Delaware | |
| Morgan Stanley Hedge Fund Partners LP |
Delaware | |
| Morgan Stanley IMDCP Funding, LLC |
Delaware | |
| Morgan Stanley Infrastructure Partners Inc. |
Delaware | |
| Morgan Stanley Real Estate Securities Global Best Ideas GP Inc. |
Delaware | |
| Morgan Stanley Thematic Strategy GP Inc. |
Delaware | |
| MS Alternatives Funding, Inc. |
Delaware | |
| MS Alternatives Funding Partner, Inc. |
Delaware | |
| MS ARS Holding A Inc. |
Delaware | |
| MS ARS Holding B Inc. |
Delaware | |
| MSGFI Management Inc. |
Delaware | |
| Private Investment Partners Inc. |
Delaware | |
| Private Investment Partners GP Inc. |
Delaware | |
| MS Kasko LLC |
Delaware | |
| North European Funding LLC |
Delaware | |
| MS Lion LLC |
Delaware | |
| Morgan Stanley Beta Investments Limited |
United Kingdom | |
| Morgan Stanley Cooper Limited |
United Kingdom | |
| Morgan Stanley Gamma Investments |
United Kingdom | |
| Morgan Stanley Gerrards Limited |
United Kingdom | |
| Morgan Stanley Plover Limited |
United Kingdom | |
| Fyled Energy Limited |
United Kingdom | |
| Fyled Limited Partnership |
United Kingdom | |
| Morgan Stanley Sandpiper Limited |
United Kingdom | |
| Sand Lake Limited Partnership |
United Kingdom | |
| Sandmartin Limited Partnership |
United Kingdom | |
| Morgan Stanley Starling Limited |
United Kingdom |
* Minority voting interest is held by a non-affiliate. |
Page 15 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of Incorporation or Formation | |
| Godwit Limited Partnership |
United Kingdom | |
| Morgan Stanley Swallow Limited |
United Kingdom | |
| MS Leopard Inc. |
Delaware | |
| MS Lynx Ltd. |
Cayman Islands | |
| Puma JV LLC |
Delaware | |
| MS Tiger Ltd. |
Cayman Islands | |
| Oncilla LLC* |
Delaware | |
| MS Low Income Housing Corporation |
Delaware | |
| Conchito I LLC |
Delaware | |
| Mombacho I LLC |
Delaware | |
| MS Guaranteed Tax Credit Fund XVI, LLC |
Delaware | |
| Morgan Stanley Georgia Tax Credit Fund III, LLC |
Delaware | |
| MS CTH MHP II LLC |
Delaware | |
| MS CTH SLP Operating LLC |
Delaware | |
| MS CTH Special General Partner II LLC |
Delaware | |
| MS LIHTC FCG LLC |
Delaware | |
| MS LIHTC FCG Fund I LLC |
Delaware | |
| Paquia LLC |
Delaware | |
| Pietra I LLC |
Delaware | |
| Pietra II LLC |
Delaware | |
| Pinol II LLC |
Delaware | |
| Pinol III LLC |
Delaware | |
| Trova I LLC |
Delaware | |
| Trova II LLC |
Delaware | |
| Trova III LLC |
Delaware | |
| Trova IV LLC |
Delaware | |
| Viento LLC |
Delaware | |
| Viento II LLC |
Delaware | |
| Viento III LLC |
Delaware | |
| Viento IV LLC |
Delaware | |
| Viento V LLC |
Delaware | |
| Viento VI LLC |
Delaware | |
| Viento VII LLC |
Delaware | |
| Viento VIII LLC |
Delaware | |
| Viento IX LLC |
Delaware | |
| Viento X LLC |
Delaware | |
| Viento XI LLC |
Delaware | |
| Viento XII LLC |
Delaware | |
| Viento XIII LLC |
Delaware | |
| Viento XIV LLC |
Delaware | |
| MS Low Income Housing II Corporation |
Delaware | |
| MS LIHTC FCG INT LLC |
Delaware | |
| Vikuna LLC |
Delaware | |
| MS Real Estate Funding, Inc. |
Delaware | |
| MS Real Estate Funding Partner, Inc. |
Delaware | |
| MS Real Estate Mezzanine Advisor, Inc. |
Delaware | |
| MS Revel EFS LLC |
Delaware | |
| D&A Limited |
Cayman Islands | |
| D&E Limited |
Cayman Islands | |
| D&S Limited |
Cayman Islands | |
| D&Z Limited |
Cayman Islands | |
| MS Solar I LLC |
Delaware | |
| MS Structured Asset Corp. |
Delaware | |
| MS Synfuels, Inc. |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 16 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of or Formation | |
| MS Rosebank LLC |
Delaware | |
| MS Douglasdale Limited |
Cayman Islands | |
| MS Melville LLC |
Delaware | |
| MS Dainfern LLC* |
Delaware | |
| MS Greenside LLC |
Delaware | |
| MS Houghton LLC |
Delaware | |
| Sandhurst Partnership * |
Delaware | |
| MS Sandhurst FX LLC |
Delaware | |
| MS Technology Holdings, Inc. |
Delaware | |
| MSAM Holdings II, Inc. |
Delaware | |
| Van Kampen Investments Inc. |
Delaware | |
| Van Kampen Advisors Inc. |
Delaware | |
| Van Kampen Asset Management |
Delaware | |
| Van Kampen Exchange Corp. |
California | |
| Van Kampen Funds Inc. |
Delaware | |
| Van Kampen Investor Services Inc. |
Delaware | |
| MSBF Inc. |
Delaware | |
| MSCP III Holdings, Inc. |
Delaware | |
| Morgan Stanley Proprietary Trading Co. (Cayman) Limited |
Cayman Islands | |
| MSD Community Development Corporation |
Delaware | |
| MSDW Capital Partners IV, Inc. |
Delaware | |
| MSDW Capital Trust I |
Delaware | |
| MSDW Carnoustie LLC |
Delaware | |
| Morgan StanleyBembridge Inc. |
Delaware | |
| MSDW Gleneagles Limited |
Cayman Islands | |
| Marchmont Capital, Inc. * |
Delaware | |
| MSDW CPIV Holdings, Inc. |
Delaware | |
| MSDW Credit Products Inc. |
Delaware | |
| Morgan Stanley Credit Products Ltd. |
Cayman Islands | |
| MSDW EFS Holdings Inc. |
Delaware | |
| MSDW Emerging Equity, Inc. |
Delaware | |
| MSDW Fixed Income Ventures Inc. |
Delaware | |
| Morgan Stanley BrokerTec Holdings Inc. |
Delaware | |
| Morgan Stanley Principal Investments, Inc. |
Delaware | |
| Morgan Stanley Strategic Investments Inc. |
Delaware | |
| Eaux Vives Water Bottling Corp. |
Delaware | |
| Morgan Stanley Bahamas Investments LLC |
Delaware | |
| MSDW International Employee Services LLC |
Delaware | |
| MSDW Nederland B.V. |
The Netherlands | |
| MSDW Oak, LLC |
Delaware | |
| Maple JV, LLC |
Delaware | |
| Sycamore II, Inc. |
Delaware | |
| Elder, LLC |
Delaware | |
| Maple Finance, Inc. |
Delaware | |
| MSDW Birch (Cayman) Limited |
Cayman Islands | |
| MSDW Offshore Equity Services Inc. |
Delaware | |
| Fundlogic Holdings Inc. |
Delaware | |
| Fundlogic SAS |
France | |
| Morgan Stanley Eemian Limted |
Cayman Islands | |
| Morgan Stanley Aral Limited |
Cayman Islands | |
| Morgan Stanley Deshka LLC |
Cayman Islands | |
| Morgan Stanley Karluc LLC |
Cayman Islands | |
| Morgan Stanley Equity Financing Services Ireland Limited |
Ireland | |
| Morgan Stanley Hedging Co. Ltd. |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 17 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. *Indicate minority voting interest held by non-affiliate |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Luxembourg Equity Holdings S.a.r.l. |
Luxembourg | |
| MSDW Equity Finance Services I (Cayman) Ltd. |
Cayman Islands | |
| MSDW Equity Investments Limited |
Cayman Islands | |
| MSDW Offshore Equity Services (Korea) Inc. |
Delaware | |
| MSDW OIP Investors, Inc. |
Delaware | |
| MSDW PE/VC Holdings, Inc. |
Delaware | |
| MSDW-Pioneer GP, Inc. |
Delaware | |
| MSDW-Pioneer LP, Inc. |
Delaware | |
| MSDW Private Equity, Inc. |
Delaware | |
| MSDW Real Estate Special Situations II, Inc. |
Delaware | |
| MSDW Real Estate Special Situations II-A Dutch Manager, B.V. |
The Netherlands | |
| MSDW Real Estate Special Situations II-B Dutch Manager, B.V. |
The Netherlands | |
| MSDW Real Estate Special Situations II-C Dutch Manager, B.V. |
The Netherlands | |
| MSDW Strategic Ventures Inc. |
Delaware | |
| MSDW Synfuels II, Inc. |
Delaware | |
| MSDW Synfuels III, Inc. |
Delaware | |
| MSDW Venture Partners IV, Inc. |
Delaware | |
| MSDW VP IV Holdings, Inc. |
Delaware | |
| MSEOF, Inc. |
Delaware | |
| MSEOF Management LLC |
Delaware | |
| MSEOF Manager SARL |
Luxembourg | |
| MSGEM Holdings, Inc. |
Delaware | |
| MSIT Holdings, Inc. |
Delaware | |
| SL Partners MD Side Fund, LLC |
Delaware | |
| MSPEA Holdings, Inc. |
Delaware | |
| MSREA Guaranty, Inc. |
Delaware | |
| MSREF II, Inc. |
Delaware | |
| MSREF II, L.L.C. |
Delaware | |
| MSREF III, Inc. |
Delaware | |
| MSREF IV, Inc. |
Delaware | |
| MSREF IV, L.L.C. |
Delaware | |
| MSREF V Funding, Inc. |
Delaware | |
| MSREF V Funding Partner, Inc. |
Delaware | |
| MSREF V, Inc. |
Delaware | |
| MSREF V, L.L.C. |
Delaware | |
| MSREF Real Estate Advisor, Inc. |
Delaware | |
| MSREF VI, Inc. |
Delaware | |
| MSREF VI, L.L.C. |
Delaware | |
| MSRESS III, Inc. |
Delaware | |
| MSRESS III Manager, L.L.C. |
Delaware | |
| MSUH Holdings I, Inc. |
Delaware | |
| MSUH Holdings II, Inc. |
Delaware | |
| MS SP Urban Horizons, Inc. |
Delaware | |
| MS Urban Horizons, Inc. |
Delaware | |
| MSVP 2002 Holdings, Inc. |
Delaware | |
| MSVP 2002, Inc. |
Delaware | |
| MSVP 2002 Fund, LLC |
Delaware | |
| MSYS Holdings Inc. |
Delaware | |
| Musum I LLC |
Delaware | |
| Papi LLC |
Delaware | |
| Pettingell LLC |
Delaware | |
| PG Holdings, Inc. |
Delaware | |
| PG Holdings III, Inc. |
Delaware | |
| PG Investors II, Inc. |
Delaware |
* Minority voting interest is held by a non-affiliate. |
Page 18 of 19 Pages
|
Morgan Stanley
Subsidiaries List
as of November 30, 2006
| Entity Name Indentations indicate parent - subsidiary relationships. * Indicate minority voting interest held by non-affiliate. |
Jurisdiction of Incorporation or Formation | |
| PG Investors III, Inc. |
Delaware | |
| PG Investors IV, Inc. |
Delaware | |
| Pierpont Power, Inc. |
New York | |
| Pinol I LLC |
Delaware | |
| Providence DE Funding Co. |
Delaware | |
| Providence DE Investments LLC |
Delaware | |
| Providence International Limited |
Cayman Islands | |
| Providence Valley Limited |
Cayman Islands | |
| Providence DE Holdings Co. |
Delaware | |
| Providence Cayman Holdings Limited |
Cayman Islands | |
| Reynolds Securities Inc. |
Delaware | |
| Shuksan LLC |
Delaware | |
| Elderslie Holdings Limited |
Delaware | |
| Elderslie Limited |
Cayman Islands | |
| Esporta Holdings Limited |
Cayman Islands | |
| Esporta Limited |
Cayman Islands | |
| Littlehill Limited |
Cayman Islands | |
| Morgan Stanley Eder S.a.r.l. |
Luxembourg | |
| Serratus LLC |
Delaware | |
| Strategic Investments I, Inc. |
Delaware | |
| Stratgic Investments II, Inc. |
Delaware | |
| VK Capital Inc. |
Delaware | |
| Ventura Holdings Inc. |
Delaware | |
| MS PA Gaming Holdings , Inc. |
Delaware | |
| Ventura Holdings NJ, Inc. |
Delaware | |
| MS Gaming Opportunities LLC |
Delaware | |
| Ventura AC LLC |
New Jersey | |
| Zephyr (Cayman) Limited |
Cayman Islands |
* Minority voting interest is held by a non-affiliate. |
Page 19 of 19 Pages
|