From the Form 25-NSE filed with the SEC on 12/11/2006. -- The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on December 21, 2006, pursuant to the provisions of Rule 12d2-2 (a). [ X ] 17 CFR 240.12d2-2(a)(1) That the entire class of this security was called for redemption, maturity or retirement on December 1, 2006; appropriate notice thereof was given; funds sufficient for the payment of all such securities were deposited with an agency authorized to make such payment; and such funds were made available to security holders on December 1, 2006. The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading on December 7, 2006.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MSDW Structured Asset Corp., Structured Asset Trust Unit Repackagings (SATURNS), IBM Debenture Backed, Series 2001-1, 7.125% Callable Units, issued in $25 denominations. Underlying securities are the 7.125% Debentures due 12/01/2096 issued by International Business Machines Corp. (NYSE: IBM. The SATURNS are redeemable anytime at the issuer's option on 30 to 60 days notice at $25 per unit plus accrued and unpaid interest. If redeemed prior to 6/01/2006 the holders may receive an additional amount of up to $2.50 per unit. Distributions of 7.125% per annum are paid semi-annually on 6/1 & 12/1. To be issued the units must be assigned a rating of at least A+ by S&P and A1 by Moodys. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. On 11/8/02 MSDW Structured Asset Corp. changed their name to MS Structured Asset Corp. See the IPO prospectus for further information on the SATURNS by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.13% $1.78125	$25.00 $25.00	Called for 12/01/2006 12/01/2096	A1 A+ 12/16/2005	6/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.morganstanley.com/ (This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Address and Phone Numbers

Address:   1585 Broadway, New York, NY 10036
Main Phone Number	212-761-4000
Fax Number	Not Available