UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549

	FORM 10-Q


[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2007 or

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from               to

Commission File Number 0-25605

MORGAN STANLEY CHARTER WCM L.P.
	(Exact name of registrant as specified in its charter)

		Delaware						      13-4018065
(State or other jurisdiction of		   	 	   (I.R.S. Employer
incorporation or organization)			        Identification No.)


Demeter Management Corporation
330 Madison Avenue, 8th Floor
New York, NY						 		    10017
(Address of principal executive offices)	  	       (Zip Code)

Registrant's telephone number, including area code (212) 905-2700





(Former name, former address, and former fiscal year, if changed since
last report)


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes    X       	No

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer.  See definition
of ?accelerated filer and large accelerated filer? in Rule 12b-2 of the
Exchange Act.  (Check one):

Large accelerated filer____Accelerated filer____Non-accelerated filer X

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).  Yes___  No X






	<page> <table> MORGAN STANLEY CHARTER WCM L.P.

	INDEX TO QUARTERLY REPORT ON FORM 10-Q

	March 31, 2007

<caption>

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

				<c>
		Statements of Financial Condition as of March 31, 2007
		(Unaudited) and December 31, 2006...........................2

		Statements of Operations for the Quarters Ended
		March 31, 2007 and 2006 (Unaudited)........................ 3

		Statements of Changes in Partners? Capital for the
	  Quarters Ended March 31, 2007 and 2006 	(Unaudited)..........4

		Statements of Cash Flows for the Quarters Ended
		March 31, 2007 and 2006 (Unaudited).........................5

		Notes to Financial Statements (Unaudited)................6-13

Item 2. Management's Discussion and Analysis of
		   Financial Condition and Results of Operations........14-23

Item 3. Quantitative and Qualitative Disclosures about
		   Market Risk.........................................23-38

Item 4. Controls and Procedures................................38

Item 4T.Controls and Procedures................................38


PART II. OTHER INFORMATION

Item 1A.Risk Factors............................................39

Item 2. Unregistered Sales of Equity Securities and
		   Use of Proceeds......................................39-40

Item 6. Exhibits................................................40

</table>


<page> <table> PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements

	MORGAN STANLEY CHARTER WCM L.P.
	STATEMENTS OF FINANCIAL CONDITION
<caption>

				  March 31,	December 31,
				         2007       	       2006
				  $	$
				(Unaudited)
ASSETS

			<c>	<c>

Equity in futures interests trading accounts:
	Unrestricted cash	46,711,714	35,032,684
	Restricted cash	    4,925,670	      6,797,768

	     Total cash	   51,637,384	    41,830,452

	Net unrealized gain on open contracts (MS&Co.)	563,730      	    1,298,984
	Net unrealized gain (loss) on open contracts (MSIL)	      371,440	       (204,195)

		Total net unrealized gain on open contracts              	        935,170	      1,094,789

		Total Trading Equity	52,572,554	42,925,241

Subscriptions receivable	4,070,387	3,743,732
Interest receivable (Morgan Stanley DW)	       202,514	         171,558

		Total Assets	    56,845,455	   46,840,531

LIABILITIES AND PARTNERS' CAPITAL

Liabilities

Redemptions payable	639,782	2,204,674
Accrued brokerage fees (Morgan Stanley DW)	274,511	212,164
Accrued management fees	 91,504	 70,721
Accrued incentive fee payable  	          -         	          41,912

		Total Liabilities	    1,005,797	     2,529,471

Partners' Capital

Limited Partners (5,910,008.547 and
	4,294,874.399 Units, respectively)	55,218,300	43,835,717
General Partner (66,503.927 and
     46,572.535 Units, respectively)	         621,358	         475,343
		Total Partners' Capital	   55,839,658	    44,311,060
		Total Liabilities and Partners' Capital	   56,845,455	    46,840,531
NET ASSET VALUE PER UNIT	               9.34	             10.21
<fn>
	The accompanying notes are an integral part
	of these financial statements.
</table>
<page> <table> 	MORGAN STANLEY CHARTER WCM L.P.
	STATEMENTS OF OPERATIONS
(Unaudited)

  	   	      For the Quarters Ended March 31,

<caption>
                                                                         		          2007    	      2006
                                                                               	                            $		          $

			<c>		<c>
INVESTMENT INCOME
	Interest income (Morgan Stanley DW)		         562,438			     501,942

EXPENSES
	Brokerage fees (Morgan Stanley DW)		756,733	705,878
	Incentive fee		         372,615	             -
	Management fees	             	252,245	      235,293

		Total Expenses		      1,381,593	      941,171

NET INVESTMENT LOSS	       (819,155)	   (439,229)

TRADING RESULTS
Trading profit (loss):
	Realized			(3,799,273)	1,671,295
	Net change in unrealized		      (159,619)	   2,413,614

    		Total Trading Results		   (3,958,892)	   4,084,909

NET INCOME (LOSS) 	    (4,778,047)	    3,645,680


NET INCOME (LOSS) ALLOCATION

	Limited Partners                                                  		(4,724,062)	 3,606,170
	General Partner                                                   		     (53,985)	   39,510

NET INCOME (LOSS) PER UNIT

	Limited Partners                                                  		    (0.87)	   0.83
	General Partner                                                   		          (0.87)	   0.83




<fn>




The accompanying notes are an integral part
	of these financial statements.
</table>

<page> <table> MORGAN STANLEY CHARTER WCM L.P.
	STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
	For the Quarters Ended March 31, 2007 and 2006
	(Unaudited)



<caption>



				Units of
				Partnership	   Limited	     General
				       Interest       	       Partners    	          Partner     	      Total
					   $	     $	$

			<c>	<c>	<c>	<c>

Partners? Capital,
	December 31, 2005	4,411,486.544	45,625,125	506,416	46,131,541

Offering of Units	120,585.510	1,342,919	?  	1,342,919

Net Income	?	3,606,170	39,510	3,645,680

Redemptions                                                 (340,891.921)	   (3,768,759)           (30,217)	  (3,798,976)

Partners? Capital,
	March 31, 2006                                      4,191,180.133	  46,805,455	      515,709	 47,321,164




Partners? Capital,
	December 31, 2006	4,341,446.934	43,835,717	475,343	44,311,060

Offering of Units	1,866,381.896	18,412,530	200,000  	18,612,530

Net Loss		?	(4,724,062)	(53,985)	(4,778,047)

Redemptions                                                 (231,316.356)	   (2,305,885)                 -  	     	(2,305,885)

Partners? Capital,
	March 31, 2007                                      5,976,512.474	  55,218,300	      621,358	 55,839,658

<fn>





The accompanying notes are an integral part
	of these financial statements.

</table>


<page> <table> MORGAN STANLEY CHARTER WCM L.P.
	STATEMENTS OF CASH FLOWS
(Unaudited)


<caption>



				       For the Quarters Ended March 31,

				               2007      	          2006
				       $	   $

CASH FLOWS FROM OPERATING ACTIVITIES

			<c>	<c>
Net income (loss)	(4,778,047)	3,645,680
Noncash item included in net income (loss):
	Net change in unrealized	159,619	(2,413,614)

(Increase) decrease in operating assets:
	Restricted cash	    1,872,098	(237,447)
	Interest receivable (Morgan Stanley DW)	(30,956)	(44,572)

Increase (decrease) in operating liabilities:
	Accrued brokerage fees (Morgan Stanley DW)	62,347	(1,846)
	Accrued management fees 	20,783	             (616)
	Accrued incentive fee payable	        (41,912)	         -

Net cash provided by (used for) operating activities	   (2,736,068)	    947,585


CASH FLOWS FROM FINANCING ACTIVITIES

Cash received from offering of Units	18,285,875	1,065,754
Cash paid for redemptions of Units	    (3,870,777)	    (3,636,280)

Net cash provided by (used for) financing activities	   14,415,098	   (2,570,526)

Net increase (decrease) in unrestricted cash	11,679,030	(1,622,941)

Unrestricted cash at beginning of period	   35,032,684	    40,758,493

Unrestricted cash at end of period	    46,711,714	    39,135,552



<fn>


The accompanying notes are an integral part
	of these financial statements.

</table>


<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS

March 31, 2007

(Unaudited)


The unaudited financial statements contained herein include, in the
opinion of management, all adjustments necessary for a fair
presentation of the results of operations and financial condition
of Morgan Stanley Charter WCM L.P. (the ?Partnership?).  The
financial statements and condensed notes herein should be read in
conjunction with the Partnership's December 31, 2006, Annual Report
on Form 10-K.

1.  Organization
Morgan Stanley Charter WCM L.P. is a Delaware limited partnership
organized in 1998 to engage primarily in the speculative trading of
futures contracts, options on futures contracts, and forward
contracts on physical commodities and other commodity interests,
including, but not limited to, foreign currencies, financial
instruments, metals, energy, and agricultural products. The
Partnership is one of the Morgan Stanley Charter Series of Funds,
comprised of the Partnership, Morgan Stanley Charter Graham L.P.,
Morgan Stanley Charter Aspect L.P., and Morgan Stanley Charter
Campbell L.P. which effective as of May 1, 2006, no longer accepts
any subscriptions and exchanges of units of limited partnership
interest (?Unit(s)?) from any other Charter Series of Funds for
Units of Morgan Stanley Charter Campbell L.P.
<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

The Partnership?s general partner is Demeter Management
Corporation (?Demeter?). Effective April 1, 2007, Morgan Stanley
DW Inc. (?Morgan Stanley DW?), which previously acted as the non-
clearing broker, was merged into Morgan Stanley & Co.
Incorporated (?MS&Co.?), which has assumed all of the
responsibilities of Morgan Stanley DW.  Upon completion of the
merger, MS&Co. has become the Partnership?s principal commodity
broker-dealer and also acts as the counterparty on all trading
of foreign currency forward contracts.  In addition, Morgan
Stanley & Co. International Limited (?MSIL?) serves as the
commodity broker for trades on the London Metal Exchange.
Effective April 13, 2007, Morgan Stanley & Co. International
Limited changed its name to Morgan Stanley & Co. International
plc.  The commodity brokers prior to April 1, 2007, were Morgan
Stanley DW, MS&Co., and MSIL.  Demeter, MS&Co., and MSIL are
wholly-owned subsidiaries of Morgan Stanley. Winton Capital
Management Limited (?Winton? or the ?Trading Advisor?) is the
trading advisor to the Partnership.

2.  Related Party Transactions
The Partnership's cash is on deposit with Morgan Stanley DW
(through March 31, 2007), MS&Co., and MSIL in futures, forward, and
options trading accounts to meet margin requirements as

<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

needed.  Effective April 1, 2007, MS&Co. pays the Partnership
Partnership monthly interest income on amount equal to the
commodity brokers? margin requirements on the Partnership?s current
futures, forward, and options contracts at a rate approximately
equivalent to the rate the commodity brokers pay other similar
customers on margin deposits.  In addition, MS&Co. pays the
Partnership monthly interest income on the Partnership?s funds in
excess of such current margin requirements but available to satisfy
margin requirements at a rate equal to the monthly average of the
4-week U.S. Treasury bill discount rate during the month.  The
Partnership pays brokerage fees to MS&Co. (Morgan Stanley DW, prior
to April 1, 2007).  Prior to April 1, 2007, Morgan Stanley DW paid
the Partnership monthly interest income on 100% of its average
daily funds held at Morgan Stanley DW at a rate equal to that
earned by Morgan Stanley DW on its U.S. Treasury bill investments.
In addition, Morgan Stanley DW paid the Partnership interest
received from MS&Co. and MSIL with respect to the Partnership?s
assets deposited as margin.



3.  Financial Instruments
The Partnership trades futures contracts, options on futures
contracts, and forward contracts on physical commodities and other
commodity interests, including, but not limited to, foreign



<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

currencies, financial instruments, metals, energy, and agricul-
tural products.  Futures and forwards represent contracts for
delayed delivery of an instrument at a specified date and price.
Risk arises from changes in the value of these contracts and the
potential inability of counterparties to perform under the terms of
the contracts.  There are numerous factors which may significantly
influence the market value of these contracts, including interest
rate volatility.

The market value of exchange-traded contracts is based on the
settlement price quoted by the exchange on the day with respect
to which market value is being determined.  If an exchange-traded
contract could not have been liquidated on such day due to the
operation of daily limits or other rules of the exchange, the
settlement price shall be the settlement price on the first
subsequent day on which the contract could be liquidated.  The
market value of off-exchange-traded contracts is based on the
fair market value quoted by the counterparty.

The Partnership?s contracts are accounted for on a trade-date
basis and marked to market on a daily basis.  The Partnership
accounts for its derivative investments in accordance with the
provisions of Statement of Financial Standards No. 133,

<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

 ?Accounting for Derivative Instruments and Hedging Activities?
(?SFAS No. 133?).  SFAS No. 133 defines a derivative as a
financial instrument or other contract that has all three of the
following characteristics:

1)	One or more underlying notional amounts or payment
provisions;
2)	Requires no initial net investment or a smaller initial net
investment than would be required relative to changes in
market factors;
3)	Terms require or permit net settlement.

Generally, derivatives include futures, forward, swap or options
contracts, and other financial instruments with similar
characteristics such as caps, floors, and collars.



The net unrealized gains on open contracts, reported as a component
of ?Equity in futures interests trading accounts? on the Statements
of Financial Condition, and their longest contract maturities were
as follows:

	     Net Unrealized Gains
 	      on Open Contracts	    Longest Maturities

	Exchange-	  Off-Exchange-		 Exchange- 	 Off-Exchange-
Date	  Traded  	    Traded   	  Total  	  Traded  	  Traded
	$	  $	  $

Mar. 31, 2007	935,170	-    	935,170	Sep. 2008	     -
Dec. 31, 2006	1,094,789	-    	1,094,789	Jun. 2008	     -
<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)


The Partnership has credit risk associated with counterparty non-
performance.  As of the date of the financial statements, the


credit risk associated with the instruments in which the
Partnership trades is limited to the amounts reflected in the
Partnership's Statements of Financial Condition.



The Partnership also has credit risk because Morgan Stanley DW
(through March 31, 2007), MS&Co., and MSIL act as the futures
commission merchants or the counterparties, with respect to most of
the Partnership?s assets. Exchange-traded futures, exchange-traded
forward, and exchange-traded futures-styled options contracts are
marked to market on a daily basis, with variations in value settled
on a daily basis.  Morgan Stanley DW (through March 31, 2007),
MS&Co., and MSIL, each as a futures commission merchant for the
Partnership?s exchange-traded futures, exchange-traded forward, and
exchange-traded futures-styled options contracts, are required,
pursuant to regulations of the Commodity Futures Trading Commission
(?CFTC?), to segregate from their own
assets, and for the sole benefit of their commodity customers, all
funds held by them with respect to exchange-traded futures,
exchange-traded forward, and exchange-traded futures-styled options
contracts, including an amount equal to the net unrealized gains
(losses) on all open exchange-traded futures, exchange-

<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

traded forward, and exchange-traded futures-styled options
contracts, which funds, in the aggregate, totaled
$52,572,554 and $42,925,241 at March 31, 2007, and December 31,
2006, respectively. With respect to the Partnership?s off-exchange-
traded forward currency contracts, there are no daily settlements
of variation in value, nor is there any requirement that an amount
equal to the net unrealized gains (losses) on such contracts be
segregated.  However, the Partnership is required to meet margin
requirements equal to the net unrealized loss on open forward
currency contracts in the Partnership accounts with the
counterparty, which is accomplished by daily maintenance of the
cash balance in a custody account held at Morgan Stanley DW for the
benefit of MS&Co.  With respect to those off-exchange-traded
forward currency contracts, the Partnership is at risk to the
ability of MS&Co., the sole counterparty on all such contracts, to
perform. The Partnership has a netting agreement with MS&Co. This
agreement, which seeks to reduce both the Partnership?s and
MS&Co.?s exposure on off-exchange-traded forward currency
contracts, should materially decrease the Partnership?s credit risk
in the event of MS&Co.?s bankruptcy or insolvency.
















<page> MORGAN STANLEY CHARTER WCM L.P.
NOTES TO FINANCIAL STATEMENTS (CONCLUDED)



4.  New Accounting Developments

In July 2006, the Financial Accounting Standards Board (?FASB?)
issued interpretation No. 48, ?Accounting for Uncertainty in
Income Taxes ? an interpretation of FASB Statement 109? (?FIN
48?).  FIN 48 clarifies the accounting for income taxes by
prescribing the minimum recognition threshold a tax position must
meet before being recognized in the financial statements.  FIN 48
is effective for the Partnership as of January 1, 2007.  Based on
its analysis, management believes that the adoption of FIN 48
will not impact the Partnership?s Financial Statements.

In September 2006, the FASB issued SFAS No. 157, ?Fair Value
Measurements? (?SFAS No. 157?).  SFAS No. 157 defines fair value,
establishes a framework for measuring fair value, and expands
disclosures about fair value measurements.  SFAS No. 157 is
effective for the Partnership as of January 1, 2008.  The impact to
the Partnership?s Financial Statements, if any, is currently being
assessed.




<page> Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS


Liquidity.  The Partnership deposits its assets with Morgan Stanley
DW (through March 31, 2007), MS&Co., and MSIL as commodity brokers
in separate futures, forward, and options trading accounts
established for the Trading Advisor.  Such assets are used as
margin to engage in trading and may be used as margin solely for
the Partnership?s trading. The assets are held in either non-
interest bearing bank accounts or in securities and instruments
permitted by the CFTC for investment of customer segregated or
secured funds.  Since the Partnership?s sole purpose is to trade in
futures, forwards, and options, it is expected that the Partnership
will continue to own such liquid assets for margin purposes.

The Partnership?s investment in futures, forwards, and options may,
from time to time, be illiquid.  Most U.S. futures exchanges limit
fluctuations in prices during a single day by regulations referred
to as ?daily price fluctuations limits? or ?daily limits?.  Trades
may not be executed at prices beyond the daily limit.  If the price
for a particular futures or options contract has increased or
decreased by an amount equal to the daily limit, positions in that
futures or options contract can neither be taken nor liquidated
unless traders are willing to effect trades at or within the limit.
 Futures prices have occasionally moved the

<page> daily limit for several consecutive days with little or no
trading.  These market conditions could prevent the Partnership
from promptly liquidating its futures or options contracts and
result in restrictions on redemptions.

There is no limitation on daily price moves in trading forward
contracts on foreign currencies.  The markets for some world
currencies have low trading volume and are illiquid, which may
prevent the Partnership from trading in potentially profitable
markets or prevent the Partnership from promptly liquidating
unfavorable positions in such markets, subjecting it to substantial
losses.  Either of these market conditions could result in
restrictions on redemptions.  For the periods covered by this
report, illiquidity has not materially affected the Partnership?s
assets.

There are no known material trends, demands, commitments, events,
or uncertainties at the present time that are reasonably likely to
result in the Partnership?s liquidity increasing or decreasing in
any material way.

Capital Resources.  The Partnership does not have, nor does it
expect to have, any capital assets.  Redemptions, exchanges, and
sales of Units in the future will affect the amount of funds
available for investments in futures, forwards, and options in
<page> subsequent periods. It is not possible to estimate the
amount, and therefore the impact, of future inflows and outflows of
Units.

There are no known material trends, favorable or unfavorable, that
would affect, nor any expected material changes to, the
Partnership?s capital resource arrangements at the present time.

Off-Balance Sheet Arrangements and Contractual Obligations.  The
Partnership does not have any off-balance sheet arrangements, nor
does it have contractual obligations or commercial commitments to
make future payments that would affect its liquidity or capital
resources.

Results of Operations
General.  The Partnership?s results depend on the Trading Advisor
and the ability of the Trading Advisor?s trading program to take
advantage of price movements in the futures, forward, and options
markets.  The following presents a summary of the Partnership's
operations for the three month periods ended March 31, 2007 and
2006, and a general discussion of its trading activities during
each period.  It is important to note, however, that the Trading
Advisor trades in various markets at different times and that prior
activity in a particular market does not mean that such market will
be actively traded by the Trading Advisor or will be profitable in
the future. Consequently, the results of operations <page> of the
Partnership are difficult to discuss other than in the context of
the Trading Advisor's trading activities on behalf of the
Partnership during the period in question. Past performance is no
guarantee of future results.

The Partnership?s results of operations set forth in the financial
statements on pages 2 through 13 of this report are prepared in
accordance with accounting principles generally accepted in the
United States of America, which require the use of certain
accounting policies that affect the amounts reported in these
financial statements, including the following:  The contracts the
Partnership trades are accounted for on a trade-date basis and
marked to market on a daily basis.  The difference between their
cost and market value is recorded on the Statements of Operations
as ?Net change in unrealized trading profit (loss)? for open
(unrealized) contracts, and recorded as ?Realized trading profit
(loss)? when open positions are closed out.  The sum of these
amounts constitutes the Partnership?s trading results.  The market
value of a futures contract is the settlement price on the exchange
on which that futures contract is traded on a particular day.  The
value of a foreign currency forward contract is based on the spot
rate as of the close of business. Interest income, as well as
management fees, incentive fees, and brokerage fees expenses of the
Partnership are recorded on an accrual basis.

<page> Demeter believes that, based on the nature of the
operations of the Partnership, no assumptions relating to the
application of critical accounting policies other than those
presently used could reasonably affect reported amounts.

For the Quarter Ended March 31, 2007
The Partnership recorded total trading results including interest
income totaling $(3,396,454) and expenses totaling $1,381,593,
resulting in a net loss of $4,778,047 for the quarter ended March
31, 2007.  The Partnership?s net asset value per Unit decreased
from $10.21 at December 31, 2006, to $9.34 at March 31, 2007.

The most significant trading losses of approximately of 4.3% were
experienced in the global interest rate futures markets from
short positions in U.S., European, and Australian fixed-income
futures as prices reversed sharply higher primarily during late
February and early March in a worldwide flight to quality after a
massive sell-off in the global equity markets that began on
February 27, 2007, following comments from former U.S. Federal
Reserve Chairman Alan Greenspan that the U.S. economy could be
due for a recession.  In addition, concerns that tighter credit
conditions in China and Japan might dampen global growth first
sent Chinese stock markets plunging before the sell-off spread to
other equity markets.  Smaller losses were experienced later in
March from newly established long positions in the U.S. and
German interest rate futures as prices moved lower on reduced
<page> demand for the ?safe haven? of fixed-income investments
amid the stabilization of the global equity markets after the
aforementioned sell-off.  Within the global stock index sector,
losses of approximately 1.3% were experienced during February and
March from long positions in European, U.S., and Pacific Rim
equity index futures as prices fell suddenly and sharply due to
the aforementioned factors that affected the global interest rate
futures markets.  Losses of approximately 0.8% were experienced
within the agricultural sector from short positions in soybean
meal and soybean futures as prices increased during January on
speculative buying and news of persistent global demand.
Additional losses were recorded during March from long positions
in corn and newly established long positions in soybean meal and
soybean futures as prices declined sharply after the U.S.
Department of Agriculture?s Prospective Plantings report released
in March showed corn acreage might be up this year to its highest
since 1944.  Elsewhere in the agricultural complex, long
positions in wheat futures resulted in losses as prices reversed
lower during March as rain in the U.S. Great Plains boosted soil
moisture and warm temperatures increased growth potential for the
spring growing season. Lastly, both long and short positions in
feeder cattle futures experienced losses as prices moved in a
trendless pattern throughout the majority of the quarter.  Within
the currency sector, losses of approximately 0.8% were recorded
in February and March from short positions in the Japanese yen
versus the U.S. dollar and euro as the value of the Japanese yen
<page> reversed sharply higher amid an almost 10% drop in the
Shanghai stock market and a warning from Rodrigo Rato, Managing
Director of the International Monetary Fund, that a weak Japanese
yen "could lead to more entrenched exchange rate misalignments
that worsen global imbalances" encouraged traders to unwind short
positions in the Japanese yen against most of its major rivals.
As a result, the Japanese yen saw its biggest daily gain against
the U.S. dollar since December 2005.  Furthermore, investor
speculation that consistently strong economic data out of Japan
might force the Bank of Japan to continue raising interest rates
in order to combat possible inflation pushed the value of the
Japanese yen higher.  Additional losses in the currency markets
were incurred from long positions in the British pound versus the
U.S. dollar as the value of the British pound decreased early in
February after weaker than expected economic data bolstered
sentiment that the Bank of England might not continue to increase
interest rates.  Further losses were incurred in the currency
markets during February and March from short positions in the
Canadian dollar versus the U.S. dollar as the value of the
Canadian dollar increased in tandem with rising energy prices.
Elsewhere, short positions in the Mexican peso versus the U.S.
dollar resulted in losses after the Mexican peso strengthened in
mid-March as consistent economic growth and rising inflation led
to increased speculation of an interest rate hike from the Bank
of Mexico.  Smaller losses were recorded from long positions in
the South African rand versus the U.S. dollar as the value of the
<page> South African rand dropped in late February on worries
regarding the stability of emerging market currencies.  Newly
established short positions in the South African rand relative to
the U.S. dollar incurred additional losses as the value of the
South African rand moved higher on strong economic data out of
South Africa in late March.  A portion of the Partnership?s
losses for the quarter was offset by gains of approximately 0.2%
in the metals sector from long positions in nickel futures as
price rose amid speculation that low stockpiles and supply
disruptions might create a supply shortage in the future.


For the Quarter Ended March 31, 2006
The Partnership recorded total trading results including interest
income totaling $4,586,851 and expenses totaling $941,171,
resulting in net income of $3,645,680 for the quarter ended March
31, 2006.  The Partnership?s net asset value per Unit increased
from $10.46 at December 31, 200, to $11.29 at March 31, 2006.

The most significant trading gains of approximately 6.5% were
recorded in the global stock index futures markets from long
positions in European, U.S., and Japanese stock index futures as
global equity markets trended higher during the quarter on strong
corporate earnings, and solid economic data.  Additional gains of
approximately 4.0% were experienced in the metals markets,
particularly during January and March, from long futures
positions in copper, aluminum, zinc, and nickel as prices <page>
strengthened amid weak supplies, forecasts for continued buying
by China, and acceleration in demand from Japan, Europe, and the
U.S.  Elsewhere in the metals markets, gains were recorded from
long futures positions in silver and gold as precious metals
prices moved higher on persistent demand from foreign central
banks.  Silver prices were also boosted after news that a silver-
backed Exchange Traded Fund would soon launch and create greater
investment interest in the metal. Within the global interest rate
futures markets, gains of approximately 2.2% were recorded,
primarily during March from short positions in U.S. and European
interest rate futures as global bond prices trended lower amid
strength in regional equity markets and investor sentiment that
interest rates in the United States, the European Union, and
Japan would rise.  Smaller gains of approximately 0.1% were
experienced in the agricultural markets, from long positions in
sugar futures as prices trended higher during January, surging to
their highest level since 1981 in response to a decline in
inventories following last year's devastating hurricane season,
as well as from increased ethanol demand caused by higher energy
prices.  A portion of these gains for the quarter was offset by
losses of approximately 3.7% in the currency markets, from long
U.S. dollar positions versus the Czech koruna, euro, Swedish
krona, and Norwegian krone as the U.S. dollar?s value reversed
lower against these currencies during January on speculation that
China, with a massive U.S. dollar reserve, might move to
diversify some of its assets into other currencies.  Additional
<page> losses in the currency markets were experienced during
March from long positions in the Mexican peso versus the U.S.
dollar as the value of the peso weakened on political uncertainty
in Mexico.  Further losses during March were experienced from
short positions in the euro against the U.S. dollar as the value
of the euro reversed higher against most of its major rivals
after the release of generally positive economic data from the
Euro-Zone reinforced expectations that European interest rates
would continue to rise.  Additional losses were incurred from
short positions in the Norwegian krone relative to the U.S.
dollar as the value of the krone moved higher in tandem with the
euro.  Smaller losses of approximately 0.3% were experienced in
the energy markets during February from long futures positions in
unleaded gasoline as prices declined after an announcement by
Chinese government authorities that China would place an emphasis
on prospecting alternative energy sources in the future, reports
of larger than expected supplies from the International Energy
Agency, and mild weather in the U.S. Northeast.  Further losses
in the energy markets were recorded during March from short
positions in unleaded gasoline futures as prices strengthened
early in the month on supply fears fueled by news of geopolitical
tensions in Nigeria and Iran.




<page> Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK
Introduction
The Partnership is a commodity pool engaged primarily in the
speculative trading of futures, forwards, and options.  The market-
sensitive instruments held by the Partnership are acquired for
speculative trading purposes only and, as a result, all or
substantially all of the Partnership?s assets are at risk of
trading loss.  Unlike an operating company, the risk of market-
sensitive instruments is inherent to the primary business activity
of the Partnership.

The futures, forwards, and options traded by the Partnership
involve varying degrees of related market risk.  Market risk is
often dependent upon changes in the level or volatility of
interest rates, exchange rates, and prices of financial
instruments and commodities, factors that result in frequent
changes in the fair value of the Partnership?s open positions,
and consequently in its earnings, whether realized or unrealized,
and cash flow.  Gains and losses on open positions of exchange-
traded futures, exchange-traded forward, and exchange-traded
futures-styled options contracts are settled daily through
variation margin.  Gains and losses on off-exchange-traded
forward currency contracts are settled upon termination of the
contract.  However, the Partnership is required to meet margin
requirements equal to the net unrealized loss on open forward
<page> currency contracts in the Partnership accounts with the
counterparty, which is accomplished by daily maintenance of the
cash balance in a custody account held at Morgan Stanley DW for
the benefit of MS&Co.

The Partnership?s total market risk may increase or decrease as it
is influenced by a wide variety of factors, including, but not
limited to, the diversification among the Partnership?s open
positions, the volatility present within the markets, and the
liquidity of the markets.

The face value of the market sector instruments held by the
Partnership is typically many times the applicable margin
requirements.  Margin requirements generally range between 2% and
15% of contract face value.  Additionally, the use of leverage
causes the face value of the market sector instruments held by
the Partnership typically to be many times the total
capitalization of the Partnership.

The Partnership?s past performance is no guarantee of its future
results.  Any attempt to numerically quantify the Partnership?s
market risk is limited by the uncertainty of its speculative
trading.  The Partnership?s speculative trading and use of
leverage may cause future losses and volatility (i.e., ?risk of
ruin?) that far exceed the Partnership?s experience to date under
the ?Partnership?s Value at Risk in Different Market Sectors?
<page> section and significantly exceed the Value at Risk (?VaR?)
 tables disclosed.

Limited partners will not be liable for losses exceeding the
current net asset value of their investment.
Quantifying the Partnership?s Trading Value at Risk
The following quantitative disclosures regarding the Partnership?s
market risk exposures contain ?forward-looking statements? within
the meaning of the safe harbor from civil liability provided for
such statements by the Private Securities Litigation Reform Act of
1995 (set forth in Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934).  All
quantitative disclosures in this section are deemed to be forward-
looking statements for purposes of the safe harbor, except for
statements of historical fact.

The Partnership accounts for open positions on the basis of mark
to market accounting principles.  Any loss in the market value of
the Partnership?s open positions is directly reflected in the
Partnership?s earnings and cash flow.

The Partnership?s risk exposure in the market sectors traded by
the Trading Advisor is estimated below in terms of VaR. The
Partnership estimates VaR using a model based upon historical
simulation (with a confidence level of 99%) which involves
constructing a distribution of hypothetical daily changes in the
<page> value of a trading portfolio.  The VaR model takes into
account linear exposures to risks including equity and commodity
prices, interest rates, foreign exchange rates, and correlation
among these variables.  The hypothetical changes in portfolio
value are based on daily percentage changes observed in key
market indices or other market factors (?market risk factors?) to
which the portfolio is sensitive.  The one-day 99% confidence
level of the Partnership?s VaR corresponds to the negative change
in portfolio value that, based on observed market risk factors,
would have been exceeded once in 100 trading days, or one day in
100. VaR typically does not represent the worst case outcome.
Demeter uses approximately four years of daily market data (1,000
observations) and re-values its portfolio (using delta-gamma
approximations) for each of the historical market moves that
occurred over this time period.  This generates a probability
distribution of daily ?simulated profit and loss? outcomes.  The
VaR is the appropriate percentile of this distribution.  For
example, the 99% one-day VaR would represent the 10th worst
outcome from Demeter?s simulated profit and loss series.

The Partnership?s VaR computations are based on the risk
representation of the underlying benchmark for each instrument or
contract and do not distinguish between exchange and non-exchange
dealer-based instruments.  They are also not based on exchange
and/or dealer-based maintenance margin requirements.
<page>
VaR models, including the Partnership?s, are continually evolving
as trading portfolios become more diverse and modeling techniques
and systems capabilities improve.  Please note that the VaR model
is used to numerically quantify market risk for historic
reporting purposes only and is not utilized by either Demeter or
the Trading Advisor in their daily risk management activities.
Please further note that VaR as described above may not be
comparable to similarly-titled measures used by other entities.

The Partnership?s Value at Risk in Different Market Sectors
The following table indicates the VaR associated with the
Partnership?s open positions as a percentage of total Net Assets by
primary market risk category at March 31, 2007 and 2006.  At March
31, 2007 and 2006, the Partnership?s total capitalization was
approximately $56 million and $47 million, respectively.

Primary Market           March 31, 2007          March 31, 2006
Risk Category	  	     Value at Risk   	     Value at Risk

Equity	(1.06)%	(3.09)%
Currency	(0.74)	(0.94)
Interest Rate                 (0.55)	(1.47)
Commodity	                     (0.66)	(0.66)
Aggregate Value at Risk	(1.53)%	(4.36)%


The VaR for a market category represents the one-day downside
risk for the aggregate exposures associated with this market
<page> category.  The Aggregate Value at Risk listed above
represents the VaR of the Partnership?s open positions across all
the market categories, and is less than the sum of the VaRs for
all such market categories due to the diversification benefit
across asset classes.

Because the business of the Partnership is the speculative
trading of futures, forwards, and options, the composition of its
trading portfolio can change significantly over any given time
period, or even within a single trading day.  Such changes could
positively or negatively materially impact market risk as
measured by VaR.

The table below supplements the quarter-end VaR set forth above
by presenting the Partnership?s high, low, and average VaR, as a
percentage of total Net Assets for the four quarter-end reporting
periods from April 1, 2006, through March 31, 2007.

The Partnership?s low VaR, as a percentage of total Net Assets
for the four quarter-end reporting period from April 1, 2006,
through March 31, 2007, is zero for equity, interest rate, and
commodity market risk categories as there were no open positions
in the Partnership during the period September 30, 2006, through
November 30, 2006, due to the termination of Millburn Ridgefield
Corporation.

<page>
Primary Market Risk Category        High      Low      Average
Equity	(2.38)%	    -    %	(0.92)%

Currency	(0.84)	    (0.04)	(0.53)

Interest Rate	(1.83)	      -	(0.79)

Commodity	(1.08)	-	(0.59)

Aggregate Value at Risk	(3.14)%	(0.04)%	(1.60)%

Limitations on Value at Risk as an Assessment of Market Risk
VaR models permit estimation of a portfolio?s aggregate market risk
exposure, incorporating a range of varied market risks, reflect
risk reduction due to portfolio diversification or hedging
activities, and can cover a wide range of portfolio assets.
However, VaR risk measures should be viewed in light of the
methodology?s limitations, which include, but may not be limited to
the following:
*	past changes in market risk factors will not always result in
accurate predictions of the distributions and correlations of
future market movements;
*	changes in portfolio value caused by market movements may differ
from those of the VaR model;
*	VaR results reflect past market fluctuations applied to current
trading positions while future risk depends on future
positions;


<page>
*	VaR using a one-day time horizon does not fully capture the
market risk of positions that cannot be liquidated or hedged
within one day; and
*	the historical market risk factor data used for VaR estimation
may provide only limited insight into losses that could be
incurred under certain unusual market movements.

In addition, the VaR tables above, as well as the past performance
of the Partnership, give no indication of the Partnership?s
potential ?risk of ruin?.

The VaR tables provided present the results of the Partnership?s
VaR for each of the Partnership?s market risk exposures and on an
aggregate basis at March 31, 2006, and for the four quarter-end
reporting periods from April 1, 2006, through March 31, 2007. VaR
is not necessarily representative of the Partnership?s historic
risk, nor should it be used to predict the Partnership?s future
financial performance or its ability to manage or monitor risk.
There can be no assurance that the Partnership?s actual losses on a
particular day will not exceed the VaR amounts indicated above or
that such losses will not occur more than once in 100 trading days.



<page> Non-Trading Risk
The Partnership has non-trading market risk on its foreign cash
balances.  These balances and any market risk they may represent
are immaterial.

The Partnership also maintains a substantial portion of its
available assets in cash at MS&Co. (Morgan Stanley DW, prior to
April 1, 2007); as of March 31, 2007, such amount is equal to
approximately 86% of the Partnership?s net asset value.  A
decline in short-term interest rates would result in a decline in
the Partnership?s cash management income. This cash flow risk is
not considered to be material.

Materiality, as used throughout this section, is based on an
assessment of reasonably possible market movements and any
associated potential losses, taking into account the leverage,
optionality and multiplier features of the Partnership?s market-
sensitive instruments, in relation to the Partnership?s Net
Assets.

Qualitative Disclosures Regarding Primary Trading Risk Exposures
The following qualitative disclosures regarding the Partnership?s
market risk exposures - except for (A) those disclosures that are
statements of historical fact and (B) the descriptions of how the
Partnership manages its primary market risk exposures -
constitute forward-looking statements within the meaning of
Section 27A of <page> the Securities Act and Section 21E of the
Securities Exchange Act. The Partnership?s primary market risk
exposures, as well as the strategies used and to be used by
Demeter and the Trading Advisor for managing such exposures, are
subject to numerous uncertainties, contingencies and risks, any
one of which could cause the actual results of the Partnership?s
risk controls to differ materially from the objectives of such
strategies.  Government interventions, defaults and
expropriations, illiquid markets, the emergence of dominant
fundamental factors, political upheavals, changes in historical
price relationships, an influx of new market participants,
increased regulation and many other factors could result in
material losses, as well as in material changes to the risk
exposures and the risk management strategies of the Partnership.
 Investors must be prepared to lose all or substantially all of
their investment in the Partnership.

The following were the primary trading risk exposures of the
Partnership at March 31, 2007, by market sector.  It may be
anticipated, however, that these market exposures will vary
materially over time.

Equity.  The largest market exposure of the Partnership at March
31, 2007, was to the global stock index sector, primarily to
equity price risk in the G-7 countries.  The G-7 countries
consist of France, the U.S., Britain, Germany, Japan, Italy, and
Canada.  The stock index futures traded by the Partnership are by
<page> law limited to futures on broadly-based indices.  At March
31, 2007, the Partnership?s primary market exposures were to the
S&P 500 (U.S.), Euro Stoxx 50 (Europe), DAX (Germany), NIKKEI 225
(Japan), FTSE 100 (United Kingdom), CAC 40 (France), NASDAQ 100
(U.S.), S&P MIDCAP (U.S.), SPI 200 (Australia), DOW JONES (U.S.),
Canadian S&P 60 (Canada), TAIWAN (Taiwan), Hang Seng (China),
RUSSELL 2000 (U.S.), S&P/MIB (Italy), IBEX 35 (SPAIN), and AEX
(the Netherlands) stock indices.  The Partnership is typically
exposed to the risk of adverse price trends or static markets in
the European, U.S., Chinese, Canadian, Japanese, and Australian
stock indices. Static markets would not cause major market
changes, but would make it difficult for the Partnership to avoid
trendless price movements, resulting in numerous small losses.

Currency.  The third largest market exposure of the Partnership
at March 31, 2007, was to the currency sector.  The Partnership?s
currency exposure is to exchange rate fluctuations, primarily
fluctuations which disrupt the historical pricing relationships
between different currencies and currency pairs.  Interest rate
changes, as well as political and general economic conditions
influence these fluctuations.  The Partnership trades a large
number of currencies, including cross-rates - i.e., positions
between two currencies other than the U.S. dollar.  At March 31,
2007, the Partnership?s major exposures were to the euro,
Japanese yen, and British pound currency crosses, as well as to
outright U.S. dollar positions.  Outright positions consist of
<page> the U.S. dollar vs. other currencies.  These other
currencies include major and minor currencies.  Demeter does not
anticipate that the risk associated with the Partnership?s
currency trades will change significantly in the future.

Interest Rate.  At March 31, 2007, the Partnership had market
exposure to the global interest rate sector.  Exposure was
primarily spread across the New Zealand, European, U.S.,
Japanese, and Australian interest rate sectors.  Interest rate
movements directly affect the price of the sovereign bond futures
positions held by the Partnership and indirectly affect the value
of its stock index and currency positions.  Interest rate
movements in one country, as well as relative interest rate
movements between countries, materially impact the Partnership?s
profitability. The Partnership?s interest rate exposure is
generally to interest rate fluctuations in the U.S. and the other
G-7 countries.  However, the Partnership also takes futures
positions in the government debt of smaller nations - e.g.,
Australia and New Zealand.  Demeter anticipates that the G-7
countries? and Australian interest rates will remain the primary
interest rate exposure of the Partnership for the foreseeable
future.  The speculative futures positions held by the
Partnership may range from short to long-term instruments.
Consequently, changes in short, medium, or long-term interest
rates may have an effect on the Partnership.

<page>
Commodity.
Soft Commodities and Agriculturals.  The second largest
market exposure of the Partnership at March 31, 2007, was to
the markets that comprise these sectors.  Most of the
exposure was to the soybeans, corn, soybean meal, sugar,
cotton, wheat, soybean oil, cocoa, coffee, feeder cattle,
lean hogs, and live cattle markets.  Supply and demand
inequalities, severe weather disruptions, and market
expectations affect price movements in these markets.

Energy.  At March 31, 2007, the Partnership had market
exposure to the energy sector.  The Partnership?s energy
exposure was shared primarily by futures contracts in crude
oil and its related products, and natural gas.  Price
movements in these markets result from geopolitical
developments, particularly in the Middle East, as well as
weather patterns, and other economic fundamentals.
Significant profits and losses, which have been experienced
in the past, are expected to continue to be experienced in
the future.  Natural gas has exhibited volatility in prices
resulting from weather patterns and supply and demand
factors and will likely continue in this choppy pattern.

Metals. At March 31, 2007, the Partnership had market
exposure to the metals sector.  The Partnership's metals
<page> exposure was to fluctuations in the price of base
metals, such as nickel, aluminum, copper, lead, and zinc,
and precious metals, such as gold, silver, and platinum.
Economic forces, supply and demand inequalities,
geopolitical factors, and market expectations influence
price movements in these markets.  The Trading Advisor
utilizes its trading system(s) to take positions when market
opportunities develop, and Demeter anticipates that the
Partnership will continue to do so.

Qualitative Disclosures Regarding Non-Trading Risk Exposure
The following was the only non-trading risk exposure of the
Partnership at March 31, 2007:

Foreign Currency Balances. The Partnership?s primary foreign
currency balances at March 31, 2007, were in Japanese yen,
euros, Australian dollars, Hong Kong dollars, Hungarian
forint, Czech koruny, Swiss francs, and New Zealand dollars.
The Partnership controls the non-trading risk of foreign
currency balances by regularly converting them back into
U.S. dollars upon liquidation of their respective positions.

Qualitative Disclosures Regarding Means of Managing Risk Exposure
The Partnership and the Trading Advisor, separately, attempt to
manage the risk of the Partnership?s open positions in essentially
the same manner in all market categories traded.  Demeter attempts
<page> to manage market exposure by diversifying the Partnership?s
assets among different market sectors and trading approaches, and
by monitoring the performance of the Trading Advisor daily.  In
addition, the Trading Advisor establishes diversification
guidelines, often set in terms of the maximum margin to be
committed to positions in any one market sector or market-sensitive
instrument.

Demeter monitors and controls the risk of the Partnership?s non-
trading instrument, cash.  Cash is the only Partnership investment
directed by Demeter, rather than the Trading Advisor.

Item 4.	CONTROLS AND PROCEDURES
   (a)	As of the end of the period covered by this quarterly
report, the President and Chief Financial Officer of
Demeter, the general partner of the Partnership, have
evaluated the effectiveness of the Partnership?s
disclosure controls and procedures (as defined in Rules
13a-15(e) and 15d-15(e) of the Exchange Act), and have
judged such controls and procedures to be effective.

(b)	There have been no material changes during the period
covered by this quarterly report in the Partnership?s
internal control over financial reporting (as defined in
Rules 13a-15(f) and 15d-15(f) of the Exchange Act) or in
<page> other factors that could significantly affect these
controls subsequent to the date of their evaluation.

Item 4T.	CONTROLS AND PROCEDURES
Not applicable.

<page> PART II.  OTHER INFORMATION
Item 1A. RISK FACTORS
There have been no material changes from the risk factors
previously referenced in the Partnership?s Report on Form 10-K for
the fiscal year ended December 31, 2006.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
	   PROCEEDS
<table>
<caption>					 SEC
Registration Statement on Form S-1  Units Registered   Effective Date        File
Number


                                      <c>                   <c>                        <c>

Initial Registration	3,000,000.000		November 6, 1998	333-60103
Additional Registration	6,000,000.000		March 27, 2000	333-91569
Additional Registration	10,000,000.000		February 26, 2003	  333-103170
Additional Registration	  2,000,000.000		April 28, 2004	333-113893
Total Units Registered          21,000,000.000

Units sold through 3/31/07      13,977,943.842
Units unsold through 3/31/07     7,022,056.158
</table>
The managing underwriter for the Partnership is MS&Co. (Morgan
Stanley DW, prior to April 1, 2007).

Units are continuously sold at monthly closings at a purchase
price equal to 100% of the net asset value per Unit as of the
close of business on the last day of each month.

The aggregate price of the Units sold through March 31, 2007, was
$144,731,368.

<page> Since no expenses are chargeable against proceeds, 100% of
the proceeds of the offering have been applied to the working
capital of the Partnership for use in accordance with the ?Use of
Proceeds? section of the prospectus included as part of the above
referenced Registration Statements.

Item 6.  EXHIBITS

31.01	Certification of President of Demeter Management
Corporation, the general partner of the Partnership,
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.02	Certification of Chief Financial Officer of Demeter
Management Corporation, the general partner of the
Partnership, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
32.01	Certification of President of Demeter Management
Corporation, the general partner of the Partnership,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
32.02	Certification of Chief Financial Officer of Demeter
Management Corporation, the general partner of the
Partnership, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002.









<page>




SIGNATURE



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 thereunto duly authorized.




                     Morgan Stanley Charter WCM L.P.
                     (Registrant)

                     By: Demeter Management Corporation
                         (General Partner)

May 15, 2007         By:/s/Lee Horwitz
                           Lee Horwitz
                           Chief Financial Officer





The General Partner which signed the above is the only party
authorized to act for the Registrant.  The Registrant has no
principal executive officer, principal financial officer,
controller, or principal accounting officer and has no Board of
Directors.













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