ECURITIES AND EXCHANGE COMMISSION 
  WASHINGTON, D.C. 20549

_______________________

FORM 8-K_______________________

CURRENT REPORTPURSUANT TO SECTION 13 OR 15 (d) OF THE 
  SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 2, 2006

|MS Structured Asset Corp.                                       
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|                                                                
|(Exact Name of Registrant as Specified in Charter)              
|                                                                
|Delaware                                                        
|                                                                
|(State or Other Jurisdiction                                    
|of Incorporation)                                               
|                                                                
|1585 Broadway, Second Floor                                     
|New York, New York                                              
|Attention: Madhu Philips                                        
|                                                                
|(Address of Principal Executive Offices)                        
|                                                                
|Registrants telephone number, including area code: 212-761-2520
|                                                                
|                                                                
|                                                                
|(Former Name or Former Address, if Changed Since Last Report)   







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Section 9Financial Statements and Exhibits



| | Item 9.01 | Financial Statements and Exhibits
| | --------- | ---------------------------------





| | Exhibit 5.1 | Validity Opinion of Cleary Gottlieb Steen & Hamilton LLP
| | ----------- | --------------------------------------------------------



| | Exhibit 8.1 | Tax Opinion of Cleary Gottlieb Steen & Hamilton LLP
| | ----------- | ---------------------------------------------------



| | Exhibit 23.1 | Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.1 and Exhibit 8.1)
| | ------------ | -----------------------------------------------------------------------------------------





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SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.



Date: August 2, 2006

MS STRUCTURED ASSET CORP.

(Registrant)

By:  /s/    Madhu Philips

Name:       Madhu Philips
Title:        Vice President





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EXHIBIT INDEX



|Exhibit 5.1 | Validity Opinion of Cleary Gottlieb Steen & Hamilton LLP
|----------- | --------------------------------------------------------



|Exhibit 8.1 | Tax Opinion of Cleary Gottlieb Steen & Hamilton LLP
|----------- | ---------------------------------------------------



|Exhibit 23.1 | Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.1)
|------------ | -------------------------------------------------------------------------











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