Exhibit 21
Morgan Stanley
Subsidiaries List
November 30, 2007
Indentations indicate parent-subsidiary relationships.
| Company |
Jurisdiction of | |
| 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 |
| * | Minority voting interest is held by a non-affiliate. |
Page 1 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 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 Amalthea UK Limited |
United Kingdom | |
| 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 | |
| Morgan Stanley Tepoto Limited |
Cayman Islands | |
| Morgan Stanley Asset Funding Inc. |
Delaware | |
| Morgan Stanley Becketts LLC |
Delaware | |
| Morgan Stanley Copse LLC |
Delaware | |
| Morgan Stanley Chapel LLC |
Delaware | |
| Woodcote Capital S.a.r.l. |
Luxembourg | |
| Morgan Stanley Asti Investments LLC |
Delaware | |
| Morgan Stanley Piedmont Investments LLC |
Delaware | |
| Morgan Stanley Cuneo Investments Limited |
Cayman Islands | |
| Morgan Stanley Atlas, Inc. |
Delaware | |
| Morgan Stanley Biscay LLC |
Delaware | |
| Morgan Stanley Alpha Investments LLP |
United Kingdom | |
| Morgan Stanley Brunton SARL |
Luxembourg | |
| Morgan Stanley Kochi Limited |
Cayman Islands | |
| Morgan Stanley Propus Limited |
Gibraltar | |
| Alpino Investments Limited |
Cayman Islands | |
| Morgan Stanley Clare Sàrl |
Luxembourg | |
| Morgan Stanley Cork Limited |
Cayman Islands | |
| Morgan Stanley Malabar Limited |
Cayman Islands | |
| Morgan Stanley Donegan Limited |
Cayman Islands | |
| Morgan Stanley Hoxne Limited |
Gibraltar | |
| Morgan Stanley Byzantine S.A.R.L |
Luxembourg | |
| Morgan Stanley Mildenhall S.A.R.L |
Luxembourg | |
| Morgan Stanley Rosetta Investments S.A.R.L |
Luxembourg | |
| Morgan Stanley Vindolanda Equity S.A.R.L |
Luxembourg | |
| Morgan Stanley Epsilon Investments Limited |
United Kingdom | |
| Morgan Stanley Leitrim S.à.r.l |
Luxembourg | |
| Morgan Stanley Kerry Limited |
Cayman Islands | |
| Morgan Stanley Plymouth 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 Plover Limited |
United Kingdom | |
| Morgan Stanley Puffin LLC |
Delaware | |
| Morgan Stanley Semaine Sarl |
Luxembourg | |
| 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 Capital I Inc. |
Delaware | |
| Morgan Stanley Capital Group Inc. |
Delaware | |
| Cayman Energy Ltd. |
Cayman Islands | |
| Heidmar Group Inc. |
Delaware | |
| GT Energy Corporation |
Texas | |
| Houston Marine Services, Inc. |
Texas | |
| Heidmar Inc. |
Marshall Islands | |
| Canterbury Tankers LLC * |
Marshall Islands |
| * | Minority voting interest is held by a non-affiliate. |
Page 2 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| Darien Tankers Inc. |
Liberia | |
| Heidmar International Pools Inc. |
Marshall Islands | |
| Dorado Tankers Pool Inc. |
Marshall Islands | |
| Marida Tankers Inc. |
Marshall Islands | |
| Sigma Tankers Inc. |
Marshall Islands | |
| Star Tankers Inc. |
Marshall Islands | |
| Heidmar Investments LLC |
Marshall Islands | |
| Heidmar Euro LLC |
Marshall Islands | |
| Heidmar Force Inc. |
Liberia | |
| Heidmar Marine (Far East) LLC |
Marshall Islands | |
| Heidmar (Far East) Pte. Ltd. |
Singapore | |
| Heidmar UK Limited |
United Kingdom | |
| Protank Shipping Inc. |
Liberia | |
| Heidmar Lightering Holdings Inc. |
Liberia | |
| Heidmar Trading LLC |
Marshall Islands | |
| Heidenreich Marine Caracas, C.A. |
Venezuela | |
| Norwalk Tankers Inc.* |
Liberia | |
| Q88.Com LLC |
Marshall Islands | |
| QFleet Com LLC |
Marshall Islands | |
| Unicorn-Heidmar Tankers LLC |
Marshall Islands | |
| Heidmar Intermediate Holdings Limited |
Cayman Islands | |
| Morgan Stanley Capital Group (España), S.L. |
Spain | |
| Morgan Stanley Clean Development, LLC |
Delaware | |
| Morgan Stanley Clean Development Limited |
United Kingdom | |
| Morgan Stanley Renewables Development I (Cayman) Limited |
Cayman Islands | |
| Morgan Stanley Energy Development Corp. |
Delaware | |
| Morgan Stanley Petroleum Development LLC |
Delaware | |
| MSDW Power Development Corp. |
Delaware | |
| Congeneracion Prat S.A. |
Spain | |
| Minnewit B.V. |
The Netherlands | |
| MS Coal Trading Corp. |
Delaware | |
| MS LC Corp. |
Delaware | |
| 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 | |
| Utility Contract Funding II, L.L.C. |
Delaware | |
| Morgan Stanley Capital Management, LLC |
Delaware | |
| Morgan Stanley Credit Corporation |
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 Financial Corporation of Washington |
Washington | |
| NOVUS Receivables Financing Inc. |
Delaware | |
| Morgan Stanley Domestic Holdings, Inc. |
Delaware | |
| Morgan Stanley Bank |
Utah | |
| Morgan Stanley Capital Partners III, Inc. |
Delaware | |
| Morgan Stanley Capital REIT Inc. |
Delaware | |
| Saxon Advance Receivables Company, Inc. |
Delaware | |
| Morgan Stanley Capital REIT IV, 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 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 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 (Lugano) S.A. |
Switzerland | |
| River View International Inc. |
Delaware | |
| Morgan Stanley Dean Witter Wealth Management, Inc. |
Delaware | |
| Morgan Stanley Derivative Products Inc. |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 3 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Distributors Inc. |
Delaware | |
| Morgan Stanley Domestic Leasing Inc. |
Delaware | |
| Morgan Stanley Durango LLC |
Delaware | |
| Morgan Stanley Afdera Cayman Limited |
Cayman Islands | |
| Morgan Stanley Amba Alagi LLC * |
Delaware | |
| Morgan Stanley Ambasel LLC |
Delaware | |
| Morgan Stanley Elan LLC |
Delaware | |
| Cimarron Investments LLC |
Delaware | |
| Riva Investments LLC |
Delaware | |
| Morgan Stanley Emerging Markets Inc. |
Delaware | |
| Always Limited |
Cayman Islands | |
| TM, Limited |
Japan | |
| Inter Capital Alliance Company Limited * |
Thailand | |
| MS China 1 Limited |
Cayman Islands | |
| DAH Limited |
Cayman Islands | |
| Dare 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 | |
| MSGHYLADD |
Ireland | |
| MSJI LLC |
Delaware | |
| MSJI 2 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 Europe Reinsurance S.A. |
Luxembourg | |
| Morgan Stanley Luxembourg Reinsurance S.A. |
Luxembourg | |
| Morgan Stanley White Horse UK |
United Kingdom | |
| 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. |
Cayman Islands | |
| Morgan Stanley Leda Ltd. |
Cayman Islands | |
| Morgan Stanley Stoneyside Cayman Limited |
Cayman Islands | |
| Morgan Stanley Finance (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 | |
| Morgan Stanley Fund Services (UK) Limited |
United Kingdom | |
| Morgan Stanley Fund Services USA LLC |
Delaware | |
| Morgan Stanley Galway LLC |
Delaware | |
| Morgan Stanley Global Emerging Markets, Inc. |
Delaware | |
| Morgan Stanley Global Strategies Management Holdings, Inc. |
Delaware | |
| Morgan Stanley Global Strategies Management LLC |
Delaware | |
| Morgan Stanley Global Strategies GP LLC |
Delaware | |
| Morgan Stanley GWM Feeder Strategies Inc. |
Delaware | |
| Morgan Stanley Hedge Premier GP Inc. |
Delaware | |
| Morgan Stanley Home Loans Inc. |
Delaware | |
| Morgan Stanley International Holdings Inc. |
Delaware | |
| Acheron Ltd. |
Cayman Islands | |
| Arigil Menkul Degerler A.S. |
Turkey | |
| Arno Limited |
Cayman Islands | |
| European Principal Assets Limited |
United Kingdom | |
| City Mortgage Bank LLC (aka OOO “Gorodskoy Ipotechny Bank” or OOO
|
Russian Federation | |
| Credito Fondario e Industriale - Fonspa SpA |
Italy | |
| Primass - Promozioni e Assistenza Immobiliari - SpA |
Italy | |
| Psylon Holding Limited |
Cyprus | |
| Limited Liability Company Rinocenter |
Russian Federation | |
| Volmar Holdings Limited |
Cyprus | |
| Hybrid Capital Second Y.K. |
Japan | |
| ITALSEC S.r.l. |
Italy | |
| Lethe Ltd. * |
Cayman Islands | |
| 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 |
)
| * | Minority voting interest is held by a non-affiliate. |
Page 4 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Asia Regional (Holdings) III LLC |
Cayman Islands | |
| Morgan Stanley (Singapore) Holdings Pte. Ltd. |
Singapore | |
| Morgan Stanley Asia (Singapore) Pte. |
Singapore | |
| Morgan Stanley Asia (Singapore) Securities Pte. Ltd. |
Singapore | |
| Morgan Stanley Capital Group (Singapore) Pte. |
Singapore | |
| Morgan Stanley Investment Management Company |
Singapore | |
| Morgan Stanley Labuan Investment Bank Limited |
Labuan/Malaysia | |
| Morgan Stanley (Hong Kong) Holdings Limited |
Hong Kong | |
| Morgan Stanley Asia International Limited |
Cayman Islands | |
| Morgan Stanley Hong Kong 1238 Limited |
Hong Kong | |
| Morgan Stanley Asia Securities Products LLC |
Cayman Islands | |
| Morgan Stanley Asia Limited
|
Hong Kong | |
| Morgan Stanley Asia Products Limited |
Cayman Islands | |
| Morgan Stanley Dean Witter Asia (Taiwan) Ltd. |
Republic of China | |
| Morgan Stanley Hong Kong Futures Limited |
Hong Kong | |
| Morgan Stanley Hong Kong Securities Limited |
Hong Kong | |
| Morgan Stanley Pacific Limited |
Hong Kong | |
| Morgan Stanley Investment Consultancy (Beijing) Company Limited
|
People’s Rep. of China | |
| Morgan Stanley Hong Kong 1239 Limited |
Hong Kong | |
| Morgan Stanley Information Technology (Shanghai) Limited
|
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 | |
| MSJL Holdings Limited |
Cayman Islands | |
| Morgan Stanley Japan Group Co., Ltd. |
Japan | |
| Morgan Stanley Japan Holdings Co., Ltd. * |
Japan | |
| Hybrid Capital K.K. |
Japan | |
| Jipang Mortgage Finance Co., Ltd. |
Japan | |
| Morgan Stanley Tokyo Properties K.K. |
Japan | |
| Morgan Stanley Asset & Investment Trust Management Co., Limited |
Japan | |
| Morgan Stanley Japan Business Group Co., Ltd. |
Japan | |
| Morgan Stanley Japan Securities Co., Ltd. |
Japan | |
| Morgan Stanley Capital K.K. * |
Japan | |
| K.K. MST Investment Management * |
Japan | |
| Lombard Servicing Inc. |
Japan | |
| Morgan Stanley Private Equity Management Japan Co., Ltd. |
Japan | |
| MS Real Estate Advisors KK |
Japan | |
| Panorama Hospitality, K.K. |
Japan | |
| MS CYM Preferred Ltd. |
Cayman Islands | |
| MSJS Preferred YK |
Japan | |
| MSDW Birkdale Limited |
Cayman Islands | |
| MSDW Portrush Limited |
Cayman Islands | |
| MSDW Muirfield Limited |
Cayman Islands | |
| MSDW Lytham Limited |
Cayman Islands | |
| Swilken Limited |
Cayman Islands | |
| Morgan Stanley Asset Management S.A. |
Luxembourg | |
| Morgan Stanley 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 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 (Thailand) Limited |
Thailand | |
| Morgan Stanley Donau GmbH |
Germany | |
| Morgan Stanley Grund Sàrl |
Luxembourg | |
| Morgan Stanley Neckar GmbH |
Germany | |
| Morgan Stanley Elbe GmbH |
Germany | |
| Morgan Stanley (España), S.A. |
Spain | |
| Morgan Stanley Main GmbH |
Germany | |
| Morgan Stanley Warta GmbH |
Germany | |
| Morgan Stanley Werra GmbH & Co. KG |
Germany | |
| Morgan Stanley Hong Kong Limited
|
Hong Kong | |
| Morgan Stanley Hong Kong Nominees Limited |
Hong Kong |
| * | Minority voting interest is held by a non-affiliate. |
Page 5 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 (Europe) Limited |
United Kingdom | |
| Morgan Stanley Finance plc |
United Kingdom | |
| Morgan Stanley Caballa Limited |
United Kingdom | |
| 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 plc |
United Kingdom | |
| Morgan Stanley Barbera Two Limited |
Cayman Islands | |
| Morgan Stanley Bondola Limited |
Cayman Islands | |
| Morgan Stanley Kadarka Limited |
Cayman Islands | |
| Morgan Stanley Bowline Limited |
United Kingdom | |
| 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 | |
| Archimedes Investments Coopratieve U.A. |
The Netherlands | |
| Hanger Straight Limited |
Cayman Islands | |
| Morgan Stanley Elz GmbH |
Germany | |
| Morgan Stanley Saar GmbH |
Germany | |
| 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 Havel GmbH |
Germany | |
| Morgan Stanley Inn GmbH |
Germany | |
| Morgan Stanley Wupper GmbH |
Germany | |
| 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 U.A. |
The Netherlands | |
| Saldanha Cooperatieve U.A. |
The Netherlands | |
| Morgan Stanley Neudorf S.a.r.l. |
Luxembourg | |
| Morgan Stanley Rhein GmbH |
Germany | |
| Morgan Stanley Rivelino Investments Limited |
United Kingdom | |
| Morgan Stanley Dolor Limited |
Cayman Islands | |
| 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 |
| * | Minority voting interest is held by a non-affiliate. |
Page 6 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 | |
| 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 | |
| Marco Polo High Yield Financing srl * |
Italy | |
| Clearcreek, S.L. |
Spain | |
| Morgan Stanley Malin Investments Limited |
United Kingdom | |
| Morgan Stanley Charbono Limited |
United Kingdom | |
| Morgan Stanley Fiano Limited |
Cayman Islands | |
| Morgan Stanley Tannat Limited |
Cayman Islands | |
| Morgan Stanley Portland Investments Limited |
United Kingdom | |
| MSDW Raleigh Investments Limited |
United Kingdom | |
| Drake Investments Limited * |
Cayman Islands | |
| Drake II Investments Limited |
Cayman Islands | |
| Eustatius Cooperatieve U.A. |
The Netherlands | |
| 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 (Legal Name
|
Republic of China | |
| Morgan Stanley UK Limited |
United Kingdom | |
| Morgan Stanley Trustee Limited |
United Kingdom | |
| OOO Morgan Stanley Bank |
Russian Federation | |
| 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 Investment Management (Korea) Limited
|
Republic of Korea | |
| Morgan Stanley Investments (Mauritius) Limited |
Mauritius | |
| 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 Mauritius Company Limited |
Mauritius | |
| Butterfly Securities Limited * |
India | |
| Morgan Stanley Asia Regional (Holdings) II LLC |
Cayman Islands | |
| Morgan Stanley India Primary Dealer Private Limited * |
India | |
| Morgan Stanley India Securities Private Limited * |
India | |
| Morgan Stanley India Company Private Limited * |
India | |
| Morgan Stanley Investment Management Private Limited * |
India | |
| MSIM Global Support and Technology Services Private Limited |
India | |
| 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 Spanish Holdings S.L.U. |
Spain | |
| Morgan Stanley SV, SAU |
Spain |
)
| * | Minority voting interest is held by a non-affiliate. |
Page 7 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| AB Asesores Ceuta, S.L. |
Spain | |
| Morgan Stanley Wealth Management, SV, SAU |
Spain | |
| Morgan Stanley Consulting, Agencia de Seguros Exclusiva, 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 Finance (Netherlands) BV |
The Netherlands | |
| MS Equity Financing Services (Luxembourg) S.à.r.l. |
Luxembourg | |
| MS Italy (Holdings) Inc. |
Delaware | |
| MSL Incorporated |
Delaware | |
| Morgan Stanley SPV I (Cayman Islands) LLC |
Cayman Islands | |
| Farlington Company |
Ireland | |
| Providence DE LLC |
Delaware | |
| Providence Canada Co. |
Canada | |
| Providence Cayman Investments Limited |
Cayman Islands | |
| Providence DE Investments Co. |
Delaware | |
| PT Morgan Stanley Asia Indonesia * |
Indonesia | |
| PT Morgan Stanley Indonesia |
Indonesia | |
| Morgan Stanley International Incorporated |
Delaware | |
| Morgan Stanley Asia Holdings V Inc. |
Delaware | |
| Morgan Stanley (Australia) Holdings Pty Limited |
Australia | |
| Morgan Stanley Australia Limited |
Australia | |
| Morgan Stanley (Australia) Securities Holdings Pty Limited |
Australia | |
| Morgan Stanley Australia Securities Limited |
Australia | |
| Morgan Stanley Australia Securities (Nominee) Pty Limited |
Australia | |
| Morgan Stanley Capital Holdings |
United Kingdom | |
| Morgan Stanley Dean Witter Financial Holdings, LLC |
Delaware | |
| Morgan Stanley Hong Kong Finance Limited |
Hong Kong | |
| Morgan Stanley Dean Witter UK Capital Limited |
United Kingdom | |
| Morgan Stanley Dean Witter HK RAV IV, LLC |
Delaware | |
| The HK RAV IV Trust |
Hong Kong | |
| The HK RAV IV Partnership |
United Kingdom | |
| The HK RAV V Partnership |
United Kingdom | |
| Morgan Stanley International Finance S.A |
Luxembourg | |
| Morgan Stanley Shannon Limited |
Cayman Islands | |
| Morgan Stanley Brighton Limited |
Cayman Islands | |
| 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 Weser GmbH |
Germany | |
| 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 Maple Limited |
United Kingdom | |
| Morgan Stanley Tipperary Limited |
Ireland | |
| Morgan Stanley Durham Investments Limited |
United Kingdom | |
| Morgan Stanley Cheshire Investments Limited |
Jersey, Channel Is. | |
| Morgan Stanley Langton Limited |
United Kingdom | |
| Morgan Stanley Equity Holdings (Ireland) Limited |
Ireland | |
| Morgan Stanley Derivative Products (Singapore) Pte. Ltd. |
Singapore |
| * | Minority voting interest is held by a non-affiliate. |
Page 8 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Equity Trading (Singapore) Pte. Ltd. |
Singapore | |
| Morgan Stanley Derivative Products (Spain) S.L. |
Spain | |
| Morgan Stanley Mosell S.a.r.l |
Luxembourg | |
| Morgan Stanley Wiltz S.a.r.l. |
Luxembourg | |
| 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 Private Equity Asia (Cayman) Limited |
Cayman Islands | |
| Morgan Stanley Private Equity Asia Limited
|
Hong Kong | |
| Morgan Stanley Leveraged Equity Holdings Inc. |
Delaware | |
| Morgan Stanley Life Holding Incorporated |
Delaware | |
| Morgan Stanley Limpopo LLC |
Delaware | |
| Morgan Stanley Breede Inc. |
Delaware | |
| Morgan Stanley Lomati LLC |
Delaware | |
| Morgan Stanley Tugela Limited |
Cayman Islands | |
| Morgan Stanley Vaal LLC |
Delaware | |
| Clova Investments LP |
Delaware | |
| Morgan Stanley Malbec LLC |
Delaware | |
| Morgan Stanley Lyra SARL |
Luxembourg | |
| Morgan Stanley Hercules SARL |
Luxembourg | |
| Morgan Stanley Ursa SARL |
Luxembourg | |
| Morgan Stanley Market Products Inc. |
Delaware | |
| Morgan Stanley Martin LLC |
Delaware | |
| Morgan Stanley Cadzand Limited |
United Kingdom | |
| Morgan Stanley Cadzand II Limited |
Cayman Islands | |
| Morgan Stanley Oostburg B.V. |
The Netherlands | |
| Morgan Stanley Milla LLC |
Delaware | |
| Morgan Stanley Lineker LLC |
Delaware | |
| Morgan Stanley ML Acquisition Inc. |
Delaware | |
| Morgan Stanley Mortgage Capital Holdings LLC |
New York | |
| Angle Merger Subsidiary Corporation |
Maryland | |
| Morgan Stanley Capital REIT II Inc. |
Delaware | |
| Morgan Stanley Capital REIT III Inc. |
Delaware | |
| Morgan Stanley Dean Witter Asset Capital Inc. |
Delaware | |
| MS LIQ-I, Inc. |
New York | |
| MSMC 2006-FM-1, LLC |
Delaware | |
| MSSHG I Ltd. |
Cayman Islands | |
| Saxon Capital, Inc. |
Maryland | |
| Morgan Stanley Residential Mortgage Inc. |
Delaware | |
| Saxon Capital Holdings, Inc. |
Delaware | |
| SCI Services, Inc. |
Virginia | |
| Saxon Mortgage, Inc. |
Virginia | |
| Saxon Holding, Inc. |
Delaware | |
| TRS Securities and Certificates, Inc. |
Maryland | |
| Saxon Mortgage Services, Inc. |
Texas | |
| Saxon Funding Management LLC |
Delaware | |
| Morgan Stanley Securitized Assets LLC |
Delaware | |
| Saxon Asset Securities Company |
Virginia | |
| 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 Preferred Strategies Inc. |
Delaware | |
| Morgan Stanley Principal Funding, Inc. |
Delaware | |
| Morgan Stanley (Hungary) Financial Services Limited |
Hungary | |
| MSXL Asia Pacific Limited |
Cayman Islands | |
| MSXL China Ltd. |
Cayman Islands | |
| SPV Columbus S.r.L. |
Italy | |
| Morgan Stanley Principal Strategies, Inc. |
Delaware | |
| Morgan Stanley Private Equity Asia, Inc. |
Delaware | |
| Morgan Stanley Real Estate Advisor, Inc. |
Delaware | |
| MSREA Holdings, Inc. |
Delaware | |
| MS Multifamily Investment Platform, Inc. |
Delaware | |
| MSREA Holdings, LLC |
Delaware | |
| MSREA LL Holdings, LLC |
Delaware | |
| Morgan Stanley Real Estate Funding II, Inc. |
Delaware | |
| Morgan Stanley Real Estate F Funding, Inc. |
Delaware | |
| Morgan Stanley Real Estate F Funding Partner, Inc. |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 9 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 | |
| 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 Capital Ltd. |
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 | |
| 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.
|
People’s Rep. of China | |
| MSDI Investment Services * |
People’s Rep. of China | |
| Panorama Hospitality Limited |
United Kingdom | |
| Panorama Hospitality Global, Inc. |
Delaware | |
| Morgan Stanley Realty of California Inc. |
California | |
| MS Japan REIT Holding KK |
Japan | |
| MS Japan Strategic Core Acquisition KK |
Japan | |
| Morgan Stanley Realty of Illinois Inc. |
Delaware | |
| Tokyo Realty Investment Company |
Cayman Islands | |
| Tokyo Realty Investment Company II |
Cayman Islands | |
| Morgan Stanley Reinsurance Ltd. |
Bermuda | |
| Morgan Stanley Renewables Inc. |
Delaware | |
| Morgan Stanley Biomass LLC |
Delaware | |
| Morgan Stanley BrighSource LLC |
Delaware | |
| Morgan Stanley Geothermal LLC |
Delaware | |
| MS Greenrock LLC |
Delaware | |
| Carson Solar I, LLC |
Delaware | |
| Morgan Stanley Renewable Development Fund LLC |
Delaware | |
| MS Solar I LLC |
Delaware | |
| Solar Star WMT I, LLC |
Delaware | |
| Morgan Stanley Wind LLC |
Delaware | |
| Morgan Stanley Risk Services LLC |
Delaware | |
| 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 | |
| Inversiones Sudamerica Uno Ltda |
Republic of Chile | |
| 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 Canada Holding Corp. |
Delaware | |
| Morgan Stanley Services Canada Corp. |
Nova Scotia | |
| Morgan Stanley Services Inc. |
Delaware | |
| Morgan Stanley Special Situations Group Inc. |
Delaware | |
| Morgan Stanley Stingray LLC |
Delaware | |
| Morgan Stanley Structured Products (Cayman) I Limited |
Cayman Islands | |
| Morgan Stanley Syrah One Limited |
Cayman Islands | |
| Morgan Stanley Barbera One Limited |
Cayman Islands | |
| Morgan Stanley Grenache One Limited |
Cayman Islands | |
| Morgan Stanley Grenache Three Limited |
Cayman Islands | |
| Morgan Stanley Grenache Two Limited |
Cayman Islands | |
| Morgan Stanley Syrah Two Limited |
Cayman Islands | |
| Morgan Stanley Technical Services Inc. |
Delaware | |
| Morgan Stanley Technical Services MB/VC Inc. |
Delaware | |
| Morgan Stanley Tindur LLC |
Delaware | |
| Morgan Stanley Arete Limited |
Cayman Islands | |
| Morgan Stanley Hubbard Inc. |
Delaware | |
| Drumlin JV Inc.* |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 10 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| Morgan Stanley Tower, LLC |
Delaware | |
| MS Financing Inc. |
Delaware | |
| Broadway 522 Fifth JV LLC * |
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 | |
| Morgan Stanley Delta LLC |
Delaware | |
| 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 | |
| Morstan Development Company, Inc. |
Delaware | |
| Moranta, Inc. |
Georgia | |
| Porstan Development Company, Inc. |
Oregon | |
| MS 10020, Inc. |
Delaware | |
| MS Capital Holdings Inc. |
Delaware | |
| MS CFN, Inc. |
Delaware | |
| MS Debt Opportunities Corp. |
Delaware | |
| MS Greenrock LLC |
Delaware | |
| MS Hawk I LLC |
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 | |
| MS Fixed Income Group Management 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 Inc |
Delaware | |
| Morgan Stanley Infrastructure Holdings, Inc |
Delaware | |
| Morgan Stanley Private Equity Asia III, Inc |
Delaware | |
| Morgan Stanley Private Equity Asia III, L.L.C |
Delaware | |
| MSPEA SLP III, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Securities Global Best Ideas GP Inc |
Delaware | |
| Morgan Stanley Thematic Strategy GP Inc. |
Delaware | |
| MS Acquisition Sub X LLC |
Delaware | |
| MS Alternatives Funding, Inc. |
Delaware | |
| MS Alternatives Funding Partner, Inc. |
Delaware | |
| MS Alternatives Holding C Inc. |
Delaware | |
| MS Alternatives Holding C (Cayman) Ltd. |
Cayman Islands | |
| MS Alternatives Holding D Inc. |
Delaware | |
| MS Alternatives Holding E 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 | |
| TAM Investment Holdings, Inc. |
Delaware | |
| FrontPoint Partners LLC |
Delaware | |
| FPP Healthcare Fund 2X GP, LLC |
Delaware | |
| FrontPoint Asia Pacific GP, LLC |
Delaware | |
| FrontPoint Brookville Horizons Fund GP, LLC |
Delaware | |
| FrontPoint Consumer and Industrials Fund GP, LLC |
Delaware | |
| FrontPoint Convertible Arbitrage Fund GP, LLC |
Delaware | |
| FrontPoint Credit Fund GP, LLC |
Delaware | |
| FrontPoint Energy Horizons Fund GP, LLC* |
Delaware | |
| FrontPoint Enhanced Alpha Fund I GP, LLC |
Delaware | |
| FrontPoint Enhanced Index Fund U.S. Equity Series GP, LLC |
Delaware | |
| FrontPoint European Fund GP, LLC |
Delaware | |
| FrontPoint Financial Horizons Fund GP, LLC |
Delaware | |
| FrontPoint Financial Services Fund GP, LLC |
Delaware | |
| FrontPoint Financial Services Fund (Insurance), LLC |
Delaware | |
| FrontPoint Fixed Income Opportunities Fund GP, LLC |
Delaware | |
| FrontPoint Global Emerging Markets Fund GP, LLC |
Delaware | |
| FrontPoint Greater China Fund GP, LLC |
Delaware | |
| FrontPoint Healthcare Centennial Fund GP, LLC |
Delaware | |
| FrontPoint Healthcare Fund (Insurance), LLC |
Delaware | |
| FrontPoint Healthcare Fund 2X GP, LLC |
Delaware | |
| FrontPoint Healthcare Fund GP, LLC |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 11 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| FrontPoint Healthcare Horizons Fund GP, LLC |
Delaware | |
| FrontPoint Healthcare Long Horizons Fund GP, LLC |
Delaware | |
| FrontPoint Japan Fund 2X GP, LLC |
Delaware | |
| FrontPoint Japan Fund GP, LLC |
Delaware | |
| FrontPoint Japan Small/Mid Cap Fund GP, LLC |
Delaware | |
| FrontPoint JEMN GP, LLC |
Delaware | |
| FrontPoint Leveraged Multi-Strategy Fund GP, LLC |
Delaware | |
| FrontPoint Management (Hong Kong), Ltd. |
Cayman Islands | |
| FrontPoint Management Inc. |
Delaware | |
| FrontPoint Management Japan Limited |
Cayman Islands | |
| FrontPoint Management (UK) LLP |
United Kingdom | |
| FrontPoint Management Services, LLC |
Delaware | |
| FrontPoint Management Services 2, LLC |
Delaware | |
| FrontPoint Multi-Strategy Fund GP, LLC |
Delaware | |
| FrontPoint North American Hedged Value Fund GP, LLC |
Delaware | |
| FrontPoint Quantitative Equity Strategies Fund GP, LLC |
Delaware | |
| FrontPoint Quantitative Fund GP, LLC |
Delaware | |
| FrontPoint Quantitative Macro Fund GP, LLC |
Delaware | |
| FrontPoint RCL Equity Long/Short Fund GP, LLC |
Delaware | |
| FrontPoint Relative Value Opportunities Fund GP, LLC |
Delaware | |
| FrontPoint Service Company (UK) Limited |
United Kingdom | |
| FrontPoint Service Company (UK) No 2 Limited |
United Kingdom | |
| FrontPoint Universal GP, LLC |
Delaware | |
| FrontPoint Utility and Energy Fund (Insurance), LLC |
Delaware | |
| FrontPoint Utility and Energy Fund GP, LLC * |
Delaware | |
| FrontPoint Value Discovery Fund (Insurance), LLC |
Delaware | |
| FrontPoint Volatility Opportunities Fund GP, LLC |
Delaware | |
| Stadia Capital GP, LLC |
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 | |
| Fyled Energy Limited |
United Kingdom | |
| Fyled Limited Partnership |
United Kingdom | |
| Morgan Stanley Sandpiper Limited |
United Kingdom | |
| Sand Lake Limited Partnership |
United Kingdom | |
| Morgan Stanley Starling Limited |
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 | |
| Esox LLC |
Delaware | |
| Guannaco I LLC |
Delaware | |
| Mombacho I LLC |
Delaware | |
| MS Guaranteed Tax Credit Fund XVI, LLC |
Delaware | |
| Morgan Stanley Guaranteed Tax Credit Fund XXIII, LLC |
Delaware | |
| MS Guaranteed Tax Credit Fund XXII, 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 | |
| MS LIHTC FCG Fund II LLC |
Delaware | |
| MS LIHTC FCG II LLC |
Delaware | |
| Paquia LLC |
Delaware | |
| Pietra I LLC |
Delaware | |
| Pietra II LLC |
Delaware | |
| Pietra III LLC |
Delaware | |
| Pinol II LLC |
Delaware | |
| Pinol III LLC |
Delaware | |
| Pinol IV 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 |
| * | Minority voting interest is held by a non-affiliate. |
Page 12 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 | |
| Wiwili I LLC |
Delaware | |
| Wiwili II LLC |
Delaware | |
| Wiwili III LLC |
Delaware | |
| Wiwili IV LLC |
Delaware | |
| Wiwili V LLC |
Delaware | |
| MS Low Income Housing II Corporation |
Delaware | |
| MS LIHTC FCG INT LLC |
Delaware | |
| MS Taishan Inc. |
Delaware | |
| Vikuna LLC |
Delaware | |
| Warepool 1A LLC |
Delaware | |
| Warepool 2A LLC |
Delaware | |
| Warepool 3A LLC |
Delaware | |
| Warepool 4A LLC |
Delaware | |
| Warepool 5A LLC |
Delaware | |
| Warepool 6A LLC |
Delaware | |
| Vikuna I LLC |
Delaware | |
| Vicuna II LLC |
Delaware | |
| MS Low Income Housing III Corporation |
Delaware | |
| Warepool SLP 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&Z Limited |
Cayman Islands | |
| MS Structured Asset Corp. |
Delaware | |
| MS Synfuels, Inc. |
Delaware | |
| MS Rosebank LLC |
Delaware | |
| MS Douglasdale Limited |
Cayman Islands | |
| Bondi 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 | |
| Morgan Stanley Prosen Limited |
Delaware | |
| Toolio Limited |
Cayman Islands | |
| 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 | |
| MSCI 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 | |
| M |
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 | |
| 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 Stanley Bembridge Inc. |
Delaware | |
| Morgan Stanley Sandown Inc. |
Delaware | |
| MSDW Gleneagles Limited |
Cayman Islands | |
| Marchmont Capital, Inc. * |
Delaware | |
| MSDW CPIV Holdings, Inc. |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 13 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| 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 Principal Investments, Inc. |
Delaware | |
| Morgan Stanley Formosa Holdings II (Cayman) Limited |
Cayman Islands | |
| Morgan Stanley Principal Investments Asia LLC |
Delaware | |
| MS China 6 Limited |
Cayman Islands | |
| MS China 7 Limited |
Cayman Islands | |
| MS China 8 Limited |
Cayman Islands | |
| Morgan Stanley Principal Investments Europe LLC |
Delaware | |
| Morgan Stanley Principal Investments North America LLC |
Delaware | |
| MS China 9 Limited |
Cayman Islands | |
| MS China 10 Limited |
Cayman Islands | |
| MS China 12 Limited |
Cayman Islands | |
| MSPI Hong Kong I Limited |
Hong Kong | |
| Morgan Stanley BrokerTec Holdings 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 Limited |
Cayman Islands | |
| Morgan Stanley Aral Limited |
Cayman Islands | |
| Morgan Stanley Deshka LLC |
Delaware | |
| Morgan Stanley Barnard LLC |
Delaware | |
| Morgan Stanley Chandra LLC |
Delaware | |
| Morgan Stanley Karluk LLC |
Delaware | |
| Morgan Stanley Keck LLC |
Delaware | |
| Morgan Stanley Mayall LLC |
Delaware | |
| Morgan Stanley Equity Financing Services Ireland Limited |
Ireland | |
| Morgan Stanley GFD Hedge Holdings Limited |
Cayman Islands | |
| Morgan Stanley GFD Hedge Holdings II Limited |
Cayman Islands | |
| Morgan Stanley GFD Proprietary Holdings Limited |
Cayman Islands | |
| Morgan Stanley Hedging Co. Ltd. |
Cayman Islands | |
| Morgan Stanley Luxembourg Equity Holdings S.a.r.l. |
Luxembourg | |
| MSDW Derivative Products (Portugal), Unipessoal Lta |
Portugal | |
| 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 | |
| MSRE Mezzanine, Inc. |
Delaware | |
| MSRE Mezzanine, LLC |
Delaware | |
| MSRE Mezzanine-GP, LLC |
Delaware | |
| MSREF II, Inc. |
Delaware | |
| MSREF II, L.L.C. |
Delaware | |
| MSREF III, Inc. |
Delaware | |
| MSREF III, L.L.C. |
Delaware | |
| MSREF IV, Inc. |
Delaware |
| * | Minority voting interest is held by a non-affiliate. |
Page 14 of 15 Pages
Morgan Stanley
Subsidiaries List
November 30, 2007
| Company |
Jurisdiction of Incorporation or Formation | |
| MSREF IV, L.L.C. |
Delaware | |
| MSREF IV Domestic-GP, L.L.C. |
Delaware | |
| MSREF IV Domestic-LP, L.L.C. |
Delaware | |
| MSREF IV International-GP, L.L.C. |
Delaware | |
| MSREF IV International-LP, L.L.C. |
Delaware | |
| MSREF V Funding, Inc. |
Delaware | |
| MSREF V Funding Partner, Inc. |
Delaware | |
| MSREF V International Funding, L.P. |
Delaware | |
| MSREF V, Inc. |
Delaware | |
| MSREF V, L.L.C. |
Delaware | |
| MSREF V U.S.-GP, L.L.C. |
Delaware | |
| MSREF V U.S.-LP, L.L.C. |
Delaware | |
| MSREF V International-GP, L.L.C. |
Delaware | |
| MSREF V International-LP, L.L.C. |
Delaware | |
| MSREF Real Estate Advisor, Inc. |
Delaware | |
| MSREF VI, Inc. |
Delaware | |
| MSREF VI, L.L.C. |
Delaware | |
| MSREF VI International-GP, L.L.C. |
Delaware | |
| MSREF VI International-LP, L.L.C. |
Delaware | |
| MSRESS III, Inc. |
Delaware | |
| MSRESS III Manager, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Special Situations III-GP, L.L.C |
Delaware | |
| MSRESS III Opportunities Fund - GP, L.L.C. |
Delaware | |
| Morgan Stanley Real Estate Special Situations III-LP, 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 | |
| Musum II LLC |
Delaware | |
| Papi LLC |
Delaware | |
| Pettingell LLC |
Delaware | |
| PG Holdings, Inc. |
Delaware | |
| PG Holdings III, Inc. |
Delaware | |
| PG Investors II, Inc. |
Delaware | |
| 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 | |
| MS Strategic (Mauritius) Limited |
Mauritius | |
| Strategic Investments II, Inc. |
Delaware | |
| Toole Power, 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 15 of 15 Pages