AMENDMENT TO EXCESS BENEFIT PLAN

Exhibit 10.17

AMENDMENT TO

EXCESS BENEFIT PLAN

Morgan Stanley & Co. Incorporated (the “Corporation”) hereby amends the Morgan Stanley & Co. Incorporated Excess Benefit Plan, effective as of the date set forth herein, as follows:

1. Effective April 1, 2007, Section III, Participation in the Plan, is amended by adding the following at the end of the first paragraph thereof:

“In addition, if an employee was not a Participant immediately before the merger of Morgan Stanley DW Inc. with and into Morgan Stanley & Co. Incorporated as of April 1, 2007, such employee shall not be eligible to become a Participant hereunder as a result of such merger or otherwise.”

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IN WITNESS WHEREOF, the Corporation has caused this Amendment to be executed on its behalf as of the 20^th day of November, 2007.