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 June 30, 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 0-50064

	MORGAN STANLEY CHARTER CAMPBELL L.P.

	(Exact name of registrant as specified in its charter)


		Delaware						      01-0710311
(State or other jurisdiction of		   		   (I.R.S. Employer
incorporation or organization)			        Identification No.)

Demeter Management Corporation
522 Fifth Avenue, 13th Floor
New York, NY		    					        10036
(Address of principal executive offices)	  	      (Zip Code)

Registrant?s telephone number, including area code    (212) 296-1999

330 Madison Avenue, 8th Floor, New York, NY 10017




(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 CAMPBELL L.P.

	INDEX TO QUARTERLY REPORT ON FORM 10-Q

	June 30, 2007

<caption>

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

				<c>
		Statements of Financial Condition as of June 30, 2007
 		(Unaudited) and December 31, 2006..........................2

		Statements of Operations for the Three and Six Months
		Ended June 30, 2007 and 2006 (Unaudited)...................3

		Statements of Changes in Partners? Capital for the
Six Months Ended June 30, 2007 and 2006 (Unaudited) .......4

		Statements of Cash Flows for the Six Months Ended
		June 30, 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.......14-25

Item 3.	Quantitative and Qualitative Disclosures about
			Market Risk.........................................25-38

Item 4.	Controls and Procedures.............................38-39

Item 4T.	Controls and Procedures................................39


PART II. OTHER INFORMATION

Item 1A.Risk Factors...........................................40

Item 6.	Exhibits............................................40-41

</table>


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

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

	June 30,	      December 31,
	          2007         	                2006
	$	    $
	(Unaudited)
ASSETS

	<c>	<c>

Equity in futures interests trading accounts:
	Unrestricted cash	345,667,389	355,636,882
	Restricted cash	    28,776,603	    37,612,693

	    Total cash	  374,443,992	  393,249,575

	Net unrealized gain on open contracts (MS&Co.)	17,197,227	  23,915,253
	Net unrealized gain (loss) on open contracts (MSIL)	       261,144	       (205,700)

	     Total net unrealized gain on open contracts	    17,458,371  	    23,709,553

	Net option premiums	         253,842	       125,257

	     Total Trading Equity	392,156,205	417,084,385

Interest receivable (MS&Co.)	           1,442,643	      1,680,668

	     Total Assets	  393,598,848 	  418,765,053
LIABILITIES AND PARTNERS? CAPITAL

Liabilities

Redemptions payable	3,975,618	8,950,399
Accrued brokerage fees (MS&Co.)	1,873,155	1,930,134
Accrued management fees	        827,310	       852,475

	     Total Liabilities	     6,676,083	   11,733,008

Partners? Capital

Limited Partners (27,968,434.085 and
	30,763,739.696 Units, respectively)	382,737,825	402,578,194
General Partner (305,813.055 and
	 340,349.055 Units, respectively)	     4,184,940	       4,453,851

	     Total Partners? Capital	   386,922,765	  407,032,045
	     Total Liabilities and Partners? Capital	   393,598,848	  418,765,053
NET ASSET VALUE PER UNIT	              13.68	            13.09
<fn>

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

<page> <table>	MORGAN STANLEY CHARTER CAMPBELL L.P.
	STATEMENTS OF OPERATIONS
(Unaudited)

<caption>

          For the Three Months                            For the Six  Months
       Ended June 30,      	                        Ended June 30,


                         2007   	        2006    	       2007   	    2006
                           $	               $	          $ 	 $

	<c>	<c>			<c>			<c>
INVESTMENT INCOME
	Interest income (MS&Co.)	   4,422,310		   5,077,877		   9,192,301	        9,245,380

EXPENSES
	Brokerage fees (MS&Co.)	5,465,999	6,599,029	11,433,174	12,598,576
	Management fees	   2,414,149      	    2,914,572	   5,049,651	     5,564,371

		   Total Expenses 	   7,880,148	    9,513,601	   16,482,825	   18,162,947

NET INVESTMENT LOSS 	   (3,457,838)	   (4,435,724)	    (7,290,524)	   (8,917,567)

TRADING RESULTS
Trading profit (loss):
	Realized	33,350,060	(9,769,515)	29,845,018	(16,264,007)
	Net change in unrealized	   13,738,057	   (14,419,911) 	       (6,251,182)	    13,241,732

	           Total Trading Results	   47,088,117	   (24,189,426)	   23,593,836	    (3,022,275)

NET INCOME (LOSS)	   43,630,279	   (28,625,150)		   16,303,312	   (11,939,842)

NET INCOME (LOSS) ALLOCATION

	Limited Partners	43,153,808	(28,326,954)  	16,128,946	(11,816,725)
	General Partner 	476,471	(298,196)	174,366	(123,117)


NET INCOME (LOSS) PER UNIT

	Limited Partners                                                 	 1.51	(0.84)                 	   0.59		(0.31)
	General Partner                                                 	 1.51	(0.84)                     	 	0.59	(0.31)


<fn>





	The accompanying notes are an integral part
	of these financial statements.
</table>
<page> <table> MORGAN STANLEY CHARTER CAMPBELL L.P.
	STATEMENTS OF CHANGES IN PARTNERS? CAPITAL
	For the Six Months Ended June 30, 2007 and 2006
	(Unaudited)

<caption>



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



	<c>	<c>		<c>	<c>
Partners? Capital,
   December 31, 2005	30,941,125.328	388,854,021	4,210,292	393,064,313

Offering of Units	6,727,952.165	    86,512,830	360,000	86,872,830

Net Loss                                                                 ?                    (11,816,725)	(123,117)	(11,939,842)

Redemptions	  (3,340,683.986)	  (42,591,970)	         ?    	  (42,591,970)

Partners? Capital,
June 30, 2006	 34,328,393.507	  420,958,156	 4,447,175	 425,405,331




Partners? Capital,
   December 31, 2006	31,104,088.751	402,578,194	4,453,851	407,032,045

Net Income                                                            ?                     16,128,946		174,366	16,303,312

Redemptions	  (2,829,841.611)	  (35,969,315)	  (443,277)	  (36,412,592)

Partners? Capital,
June 30, 2007	 28,274,247.140	  382,737,825	   4,184,940	    386,922,765



<fn>






The accompanying notes are an integral part
	of these financial statements.
</table>
<page> <table>	MORGAN STANLEY CHARTER CAMPBELL L.P.
	STATEMENTS OF CASH FLOWS
(Unaudited)


<caption>
	               For the Six Months Ended June 30,

                2007                         2006
	              $	         $


CASH FLOWS FROM OPERATING ACTIVITIES

			<c>	<c>

Net income (loss)	16,303,312	(11,939,842)
Noncash item included in net income (loss):
     Net change in unrealized	6,251,182	(13,241,732)

(Increase) decrease in operating assets:
     Restricted cash	8,836,090	18,600,349
     Net option premiums	(128,585)	126,945
     Interest receivable (MS&Co.)	238,025	(638,261)

Increase (decrease) in operating liabilities:
     Accrued brokerage fees (MS&Co.)	 (56,979)	189,834
     Accrued management fees	        (25,165)	                83,843

Net cash provided by (used for) operating activities	  31,417,880	    (6,818,864)


CASH FLOWS FROM FINANCING ACTIVITIES

Cash received from offering of Units	?          	100,627,569
Cash paid for redemptions of Units	   (41,387,373)	   (41,335,076)

Net cash provided by (used for) financing activities	   (41,387,373)	    59,292,493

Net increase (decrease) in unrestricted cash	(9,969,493)	52,473,629

Unrestricted cash at beginning of period	   355,636,882	   360,451,084

Unrestricted cash at end of period	    345,667,389	   412,924,713



<fn>




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




<page> MORGAN STANLEY CHARTER CAMPBELL L.P.
NOTES TO FINANCIAL STATEMENTS
June 30, 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 Campbell 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 Campbell L.P. is a Delaware limited
partnership organized in 2002 to engage primarily in the
speculative trading of futures contracts, options on futures and
forward 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,
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 Fund for
Units of the Partnership, Morgan Stanley Charter Graham L.P.,
Morgan Stanley Charter WCM L.P., and Morgan Stanley Charter Aspect
L.P.
<page> MORGAN STANLEY CHARTER CAMPBELL L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)


The Partnership?s general partner is Demeter Management Corporation
(?Demeter?). Morgan Stanley & Co. Incorporated (?MS&Co.?) is 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 plc
(?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.  Morgan Stanley Capital Group Inc. ("MSCG") acts
as the counterparty on all trading of options on foreign currency
forward contracts.  Demeter, MS&Co., MSIL, and MSCG are wholly-
owned subsidiaries of Morgan Stanley. Campbell & Company, Inc.
(?Campbell? or the ?Trading Advisor?) is the trading advisor to
the Partnership.


2.  Related Party Transactions
The Partnership?s cash is on deposit with MS&Co. and MSIL in
futures, forward, and options trading accounts to meet margin
requirements as needed.  MS&Co. pays the Partnership at each month
end interest income on an 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 at each month

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


end 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.

3.  Financial Instruments
The Partnership trades futures contracts, options on futures and
forward 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.  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

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

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 Accounting Standards No. 133,
?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.

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


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
	 $	$	  $

Jun. 30, 2007	 6,548,108	    10,910,263  	17,458,371	Mar. 2008	Sep. 2007
Dec. 31, 2006	9,796,471	13,913,082	23,709,553	Sep. 2007	Mar. 2007

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 MS&Co., MSIL, and/or
MSCG 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.
MS&Co. and MSIL, each as a futures commission merchant for the


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


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-traded forward, and
exchange-traded futures-styled options contracts, which funds, in
the aggregate, totaled $380,992,100 and $403,046,046 at June 30,
2007 and December 31, 2006, respectively. With respect to the
Partnership?s off-exchange-traded forward currency contracts, and
forward currency options 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 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.  With respect to

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

those off-exchange-traded forward currency options contracts, the
Partnership is at risk to the ability of MSCG, the sole
counterparty on all such contracts, to perform.  The Partnership
has a netting agreement with each counterparty. These agreements,
which seek to reduce both the Partnership?s and the counterparties?
exposure on off-exchange-traded forward currency contracts, should
materially decrease the Partnership?s credit risk in the event of
MS&Co.?s or MSCG?s bankruptcy or insolvency.

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
was effective for the Partnership as of January 1, 2007.  Based
on its analysis, management believes that the adoption of FIN 48
has no impact on 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

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

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 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 daily
limit for several consecutive days with little or no trading.
These market conditions could prevent the Partnership <page> 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 of Units in the
future will affect the amount of funds available for investments in
futures, forwards, and options in subsequent periods.  It is not
possible to estimate the amount, and therefore the impact, of
future outflows of Units.  Effective May 1, 2006, Demeter no longer
accepts any subscriptions for Units in the Partnership or <page>
any exchanges from other Morgan Stanley Charter Series of funds for
Units of the Partnership.

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 and six month periods ended June 30, 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 of the
Partnership are difficult to discuss other than in the context of
the Trading Advisor?s trading activities on behalf of <page> 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.

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

For the Three and Six Months Ended June 30, 2007
The Partnership recorded total trading results including interest
income totaling $51,510,427 and expenses totaling $7,880,148
resulting in net income of $43,630,279 for the three months ended
June 30, 2007. The Partnership?s net asset value per Unit
increased from $12.17 at March 31, 2007, to $13.68 at June 30,
2007.

The most significant trading gains of approximately 7.4% were
recorded in the global interest rate sector primarily during May
and June from short positions in European fixed-income futures as
prices weakened after news from the Ifo Institute that German
business sentiment climbed to the second-highest level on record
in April and U.K. consumer confidence index showed an unexpected
increase in April.  During May, European interest rate futures
prices continued to fall after a report showed real Gross
Domestic Product in the Euro-Zone increased more than expected in
the first quarter of 2007.  Additionally, European interest rate
futures prices were pressured lower during June after news that
Germany's seasonally adjusted unemployment rate reached its
lowest level since 1995 and housing prices in the United Kingdom
showed their biggest jump this year.  Smaller gains were recorded
from short positions in U.S. fixed-income futures as prices moved
lower during May after the Philadelphia Federal Reserve's index
<page> of regional manufacturing increased more than expected in
April and June, the Federal Reserve Bank of Richmond President
Jeffrey Lacker stated that there are still inflationary concerns
present in the U.S. economy, and news that the Conference Board's
index of leading economic indicators showed that five of the ten
categories for the U.S. economy showed improvement.  Additional
gains of approximately 3.6% were experienced in the global stock
index sector primarily during April and May from long positions
in European, Pacific Rim, and U.S. equity index futures as prices
increased on continued strong corporate earnings and increased
merger and acquisition activity.  In addition, Pacific Rim stock
prices moved higher on optimism that strong economic growth in
the Euro-Zone and the U.S. would result in higher exports from
Asia.  Lastly, gains of approximately 2.1% were recorded in the
currency sector primarily during April and June from short
positions in the Japanese yen versus the U.S. dollar as the value
of the Japanese yen weakened relative to most of its major rivals
in a continuation of the carry-trade after news that the Tankan
survey was weaker than expected and a decline in Japanese
industrial production increased speculation that Japanese
economic growth was not sufficient to warrant an increase in
interest rates by the Bank of Japan.  Elsewhere, gains were
recorded from long positions in the New Zealand dollar and
British pound versus the U.S. dollar primarily during April and
June as these currencies moved higher relative to the U.S. dollar
after strong economic data out of New Zealand and the United
Kingdom added to growing investor sentiment that the respective
<page> Central Banks of these countries would raise interest
rates in order to combat inflation.  Additionally, the value of
the U.S. dollar declined against these currencies after the U.S.
Federal Reserve?s decision to leave interest rates steady at
5.25%.  A portion of the Partnership?s gains in the second
quarter was offset by losses of approximately 0.3% experienced in
the metals markets primarily during May from long positions in
zinc futures as prices moved lower after the Chinese government
announced that it would raise export taxes for base metals and on
speculation that rising production and inventories might create a
global surplus.  Elsewhere, losses were recorded from long
positions in gold futures as prices fell amid technically based
selling.

The Partnership recorded total trading results including interest
income totaling $32,786,137 and expenses totaling $16,482,825,
resulting in net income of $16,303,312 for the six months ended
June 30, 2007.  The Partnership?s net asset value per Unit
increased from $13.09 at December 31, 2006, to $13.68 at June 30,
2007.

The most significant trading gains of approximately 5.1% were
recorded in the global interest rate sector primarily during
January, May, and June from short positions in European fixed-
income futures as prices declined during January after reports
showed confidence in the Euro-Zone economy stayed close to a six-
year high in December.  During May, European interest rate futures
<page> prices fell after a report showed real Gross Domestic
Product in the Euro-Zone increased more than expected in the first
quarter of 2007.  Furthermore, European interest rate futures
prices were pressured lower during June after news that Germany's
seasonally adjusted unemployment rate reached its lowest level
since 1995 and housing prices in the United Kingdom showed their
biggest jump this year. Additional gains of approximately 4.2% were
experienced in the global stock index sector primarily during
January, April, and May from long positions in European, Pacific
Rim, and U.S. equity index futures as prices climbed higher on
continued optimism about the future of the global economy, as well
as strong corporate earnings and increased merger and acquisition
activity. Additionally, Pacific Rim stock markets rallied amid
optimism that strong economic growth in the Euro-Zone and the U.S.
would result in higher exports from Asia.  A portion of the
Partnership?s gains in the first six months of the year was offset
by losses of approximately 1.3% recorded in the currency sector
primarily during February, March, and May from short positions in
the Canadian dollar versus the U.S. dollar as the value of the
Canadian dollar reversed higher after robust economic reports
prompted speculation that the Bank of Canada might raise interest
rates.  Elsewhere, long positions in the euro versus the U.S.
dollar resulted in losses primarily during January as the value of
the U.S. dollar strengthened against the euro after a government
report showed that U.S. job growth was unexpectedly higher during
December.  Additional losses of approximately 1.2% were incurred in
the energy markets primarily during February, March, and June
<page> from short futures positions in crude oil and its related
products as prices reversed higher on increased concerns that
unexpected refinery shutdowns would curb fuel stockpiles in the
future.  Additionally, prices moved higher amid rising geopolitical
concerns in the Middle East after the United Nations Security
Council voted unanimously to tighten sanctions against Iran.
Additionally, prices moved higher amid uncertainty regarding future
production in Venezuela and rising geopolitical concerns in the
Middle East after the United Nations Security Council voted
unanimously to tighten sanctions against Iran.  Lastly, losses of
approximately 0.5% were recorded in the metals markets primarily
during January, February, and May from both short and long
positions in zinc and copper futures as prices moved in a trendless
pattern due to conflicting data regarding supply and demand.

For the Three and Six Months Ended June 30, 2006
The Partnership recorded total trading results including interest
income totaling $(19,111,549) and expenses totaling $9,513,601,
resulting in a net loss of $28,625,150 for the three months
ended June 30, 2006. The Partnership?s net asset value per Unit
decreased from $13.23 at March 31, 2006 to $12.39 at June 30,
2006.

The most significant trading losses of approximately 7.6% were
recorded in the currency markets from long positions in the U.S.
dollar during April and May as the value of the U.S. dollar
<page> declined against most of its major rivals, notably the
Swiss franc, Canadian dollar, Japanese yen, and New Zealand
dollar, amid news of slower than expected U.S. Gross Domestic
Product growth.  Additional losses of approximately 1.8% were
incurred in the global equity index markets from long positions
in European and Pacific Rim stock index futures during April and
May as prices declined due to inflation concerns and uncertainty
regarding future interest rate policy.  A portion of the
Partnership?s losses for the quarter was offset by gains of
approximately 1.8% in the global interest rate futures markets
from short positions in U.S. fixed-income futures throughout the
quarter as prices trended lower amid fears of accelerating global
inflation.  Further weighing down U.S. fixed-income prices was
the anticipation of the 17th consecutive interest rate hike on
June 29 by the U.S. Federal Reserve.  Within the metals sector,
gains of approximately 1.3% were achieved from long copper and
zinc futures positions as prices rallied sharply during the first
half of May to record highs on strong global industrial demand
from the U.S., China, and India. Elsewhere in the metals markets,
long positions in gold futures also gained as prices rallied to a
25-year high in April, benefiting from continued geopolitical
concerns regarding Iran?s nuclear program, inflation concerns due
to high oil prices, and strong global economic growth.  Smaller
gains of approximately 0.7% were recorded in the energy markets
throughout the quarter from long futures positions in crude oil
and heating oil as prices increased amid geopolitical tension in
Iran.  Also pushing prices higher were June reports from the U.S.
<page> Department of Energy showing lower than expected levels of
domestic gasoline inventories and fears of supply disruptions in
the Gulf of Mexico.

The Partnership recorded total trading results including interest
income totaling $6,223,105 and expenses totaling $18,162,947,
resulting in a net loss of $11,939,842 for the six months ended
June 30, 2006. The Partnership?s net asset value per Unit
decreased from $12.70 at December 31, 2005 to $12.39 at June 30,
2006.

The most significant trading losses of approximately 6.9% were
recorded in the currency markets from long positions in the U.S.
dollar during April as the value of the U.S. dollar declined
against most of its major rivals, notably the Swiss franc,
Canadian dollar, Japanese yen, and New Zealand dollar, amid
slower than expected U.S. Gross Domestic Product growth.  A
portion of the Partnership?s losses were offset by gains of
approximately 2.4% in the global interest rate futures markets
from short positions in U.S. interest rate futures as prices
declined amid strength in the global equity markets and general
sentiment that the U.S. Federal Reserve would keep lifting
interest rates in order to stave off inflation.  Additional gains
of approximately 2.1% were experienced in the metals markets from
long futures positions in copper and zinc as prices advanced on a
strong U.S. manufacturing survey from the Institute of Supply
<page> Management, news that China?s pace of industrial
production remained strong, and increasing demand from the U.S.,
China, and India.  Further gains of approximately 1.0% were
recorded in the energy markets from long futures positions in
crude oil and heating oil as prices increased amid news of
geopolitical tensions in Nigeria and Iran. Also pushing prices
higher were June reports from the U.S. Department of Energy
showing lower than expected levels of domestic gasoline
inventories and fears of supply disruptions in the Gulf of
Mexico.  Smaller gains of approximately 0.9% were recorded in the
global stock index futures markets primarily during the first
quarter of 2006 from long positions in U.S., European, and
Japanese stock index futures as global equity prices trended
higher on strong corporate earnings and solid economic data.
Also supporting the move higher in European equity index futures
prices was news that German business sentiment in February rose
to its highest level since October 1991.  In addition, Japanese
equity prices benefited from news that commercial land prices in
Japan?s major metropolitan areas staged their first meaningful
price increase since the 1990s.

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
<page> 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 on such contracts 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 and forward currency options 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 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 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
<page> 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? 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
<page> 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
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
<page> 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.

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.
<page> 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 June 30, 2007 and 2006. At
June 30, 2007 and 2006, the Partnership?s total capitalization
was approximately $387 million and $425 million, respectively.

Primary Market             June 30, 2007        June 30, 2006
Risk Category	  	       Value at Risk        Value at Risk

Interest Rate				(2.06)%			(0.76)%

Currency					(1.56) 	 	    	(0.86)

Equity					(0.84) 			(0.14)

Commodity		  			(0.31)   	      	(0.52)

Aggregate Value at Risk		(2.43)%  		    	(1.36)%

The VaR for a market category represents the one-day downside risk
for the aggregate exposures associated with this market 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.
<page> 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 July 1, 2006, through June 30, 2007.

Primary Market Risk Category	High	Low	Average
Interest Rate	(2.06)%	(0.28)%	(1.11)%
Currency	(1.56)	(1.08)	(1.25)
Equity	(1.95)	(0.68)	(1.21)
Commodity	(0.73)	(0.12)	(0.42)
Aggregate Value at Risk	(3.04)%	(1.24)%	(2.26)%

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;


<page>
*	VaR results reflect past market fluctuations applied to
current trading positions while future risk depends on future
positions;
*	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 June 30, 2006, and for the four quarter-end
reporting periods from July 1, 2006, through June 30, 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.; as of June 30, 2007, such
amount is equal to approximately 91% 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
the Securities Act and Section 21E of the Securities Exchange
Act. <page> 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 June 30, 2007, by market sector.  It may be
anticipated, however, that these market exposures will vary
materially over time.

Interest Rate.  The largest market exposure of the Partnership at
June 30, 2007, was to the global interest rate sector.  Exposure
was primarily spread across the European, U.S., Japanese, and
Canadian 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, <page> as well as relative interest rate movements
between countries, materially impact the Partnership?s
profitability. The Partnership?s primary interest rate exposure
is generally to interest rate fluctuations in the U.S. and the
other G-7 countries.  The G-7 countries consist of France, the
U.S., Britain, Germany, Japan, Italy, and Canada.  However, the
Partnership also takes futures positions in the government debt
of smaller countries ? e.g., Australia.  Demeter anticipates that
the G-7 countries? 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.

Currency.  The second largest market exposure of the Partnership
at June 30, 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 June 30,
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
the U.S. <page> 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.

Equity.  The third largest market exposure of the Partnership at
June 30, 2007, was to the global stock index sector.  Exposure
was primarily to equity price risk in the G-7 countries.  The
stock index futures traded by the Partnership are by law limited
to futures on broadly-based indices.  At June 30, 2007, the
Partnership?s primary exposures were to the Nikkei 225 (Japan),
DAX (Germany), S&P 500 (U.S.), CAC 40 (France), Euro Stoxx 50
(Europe), Hang Seng (China), NASDAQ 100 (U.S.), FTSE 100 (United
Kingdom), Taiwan (Taiwan), and SPI 200 (Australia) stock indices.
The Partnership is exposed to the risk of adverse price trends or
static markets in the European, U.S., Chinese, Australian, and
Japanese 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.

Commodity.
Energy.  At June 30, 2007, the Partnership had market
exposure to the energy sector.  The Partnership?s energy
exposure was primarily to futures contracts in crude oil and
its related products, and natural gas.  Price movements in
these markets result from geopolitical developments, <page>
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 pattern and supply and demand factors and will
likely continue in this choppy pattern.

Metals.	At June 30, 2007, the Partnership had market
exposure in the metals sector.  The Partnership's metals
exposure was to fluctuations in the price of base metals,
such as copper and zinc and precious metals, such as gold.
Economic forces, supply and demand inequalities,
geopolitical factors, and market expectations influence
price movements in these markets.  The Trading Advisor
utilizes the 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 June 30, 2007:

Foreign Currency Balances. The Partnership?s primary foreign
currency balances at June 30, 2007, were in euros, Hong Kong
dollars, Canadian dollars, Japanese yen, British pounds, Swiss
francs, and Australian dollars.  The Partnership <page>
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
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
<page> 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
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
New investors and current limited partners of a Morgan Stanley
Charter Series of funds are advised that effective May 1, 2006,
Demeter no longer accepts any subscriptions for investments in the
Partnership or any exchanges from other Morgan Stanley Charter
Series of funds for Units of the Partnership.  Current limited
partners of the Partnership will continue to be able to redeem
Units of the Partnership and exchange Units of the Partnership for
Units in other Morgan Stanley Charter Series of funds at any month-
end closing.

Information regarding risk factors appears in Item 2.
?Management?s Discussion and Analysis of Financial Condition and
Results of Operations? and Item 3. ?Quantitative and Qualitative
Disclosures about Market Risk? of this Form 10-Q.  There have been
no other 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, and the Partnership?s Report on Form
10Q for the quarter ended March 31, 2007.


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.


<page>
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 Campbell L.P.
                     (Registrant)

                     By: Demeter Management Corporation
                         (General Partner)

August 14, 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.



















? 6 ?


? 6 ?


MORGAN STANLEY CHARTER CAMPBELL L.P.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)











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