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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-K**

**[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT      OF      1934**

**[        ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND      EXCHANGE ACT OF 1934**

|    New                  York                                                                       |   |  20-530220520-530224920-530299020-5302344                                           |
|-------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|
| (State                  or other jurisdiction ofincorporation                  or organization of issuing entity) |   | (I.R.S.                  Employer Identification                  No. of issuing entity) |

|   | o                Yes |   | x No |
|--------|----------------------|--------|-----------|

|   | o                Yes |   | x                No |
|--------|----------------------|--------|---------------------|

|   | x                Yes |   | o                No |
|--------|----------------------|--------|---------------------|

| Large                accelerated filer o | Accelerated                filer o |  Non-accelerated                filer x |
|------------------------------------------|------------------------------------|----------------------------------------------|

**DOCUMENTS      INCORPORATED BY      REFERENCE**

**PART        I**

**Item        1. Business.**

**Item        1A. Risk Factors.**

**Item        1B. Unresolved Staff Comments.**

**Item        2. Properties.**

**Item        3. Legal Proceedings. **

**Item        4. Submission of Matters to a Vote of Security Holders.**

**PART        II**

**Item        5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer        Purchases of Equity Securities.**

**Item        6. Selected Financial Data.**

**Item        7. Management’s Discussion and Analysis of Financial Condition and Results of        Operation.**

**Item        7A. Quantitative and Qualitative Disclosures About Market        Risk.**

**Item        8. Financial Statements and Supplementary Data.**

**Item        9. Changes in and Disagreements With Accountants on Accounting and Financial        Disclosure.**

**Item        9A. Controls and Procedures.**

**Item        9B. Other Information.**

**PART        III**

**Item          10. Directors, Executive Officers and Corporate          Governances.**

**Item        11. Executive Compensation.**

**Item        12. Security Ownership of Certain Beneficial Owners and Management and Related        Stockholder Matters.**

**Item          13, Certain Relationships and Related Transactions, and Director Independences.          **

**Item        14. Principal Accounting Fees and Services.**

**ADDITIONAL        DISCLOSURE ITEMS FOR REGULATION AB**

**Item        1112(b) of Regulation AB, Significant Obligors, Financial        Information.**

**Item        1114(b)(2) and 1115(b) of Regulation AB, Significant Enhancement Provider        Financial Information.**

**Item        1117 of Regulation AB, Legal Proceedings**

**Item        1119 of Regulation AB, Affiliations and Certain Relationships and Related        Transactions. **

**Item        1122 of Regulation AB, Compliance with Applicable Servicing        Criteria.**

**Item        1123 of Regulation AB, Servicer Compliance Statement.**

**PART        IV**

**Item        15. Exhibits, Financial Statement Schedules.**

| **Exhibit                          Number** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                                         | Pooling                          and Servicing Agreement, dated as of June 1, 2006, by and                          among the                          Company, as depositor, Wells Fargo Bank, N.A., as general                          master servicer,                          LNR Partners, Inc., as general special servicer, NCB, FSB,                          as NCB master                          servicer, National Consumer Cooperative Bank, as co-op                          special servicer                          and LaSalle Bank National Association, as trustee, paying                          agent and                          certificate registrar.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference) |
| 31                                          | Rule                          13a-14(d)/15d-14(d) Certifications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 33(a)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, Wells Fargo Bank, National Association, as                          General Master                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(b)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, NCB, FSB, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 33(c)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, LNR Partners, Inc., as General Special                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33(d)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, National Consumer Cooperative Bank, as Co-op                          Special                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|  33(e)                            | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, LaSalle Bank National Association, as Trustee,                          Paying Agent,                          and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33(f)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, Babson Capital Management LLC, as                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 33(g)                                       | Report                          on assessment of compliance with servicing criteria for                          asset-backed                          securities, SunTrust Bank, as subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(a)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, Wells Fargo Bank, National Association,                          as                          General Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 34(b)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, NCB, FSB, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 34(c)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, LNR Partners, Inc., as General                          Special                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 34(d)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, National Consumer Cooperative                          Bank, as Co-op                          Special Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 34(e)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, LaSalle Bank National Association,                          as Trustee,                          Paying Agent, and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(f)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, Babson Capital Management LLC,                          as                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 34(g)                                       | Attestation                          report on assessment of compliance with servicing criteria                          for                          asset-backed securities, SunTrust Bank, as subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(a)                                       | Servicer                          compliance statement, Wells Fargo Bank, National Association,                          as General                          Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(b)                                       | Servicer                          compliance statement, NCB, FSB, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 35(c)                                       | Servicer                          compliance statement, LNR Partners, Inc., as General Special                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 35(d)                                       | Servicer                          compliance statement, National Consumer Cooperative Bank,                          as Co-op Special                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 35(e)                                       | Servicer                          compliance statement, LaSalle Bank National Association,                          as Trustee,                          Paying Agent, and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 35(f)                                       | Servicer                          compliance statement, Babson Capital Management LLC, as                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 35(g)                                       | Servicer                          compliance statement, SunTrust Bank, as subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 99.1                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and Morgan Stanley Mortgage Capital Inc., as                          seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.2                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and IXIS Real Estate Capital Inc., as seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.3                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and NCB, FSB, as seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 99.4                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and Massachusetts Mutual Life Insurance Company,                          as                          seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.5                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and SunTrust Bank, as seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.6                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and Union Central Mortgage Funding, Inc., as                          seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.7                                        | Mortgage                          Loan Purchase Agreement, dated as of June 1, 2006, between                          the Company, as                          purchaser, and National Consumer Cooperative Bank, as seller.                          (Filed as                          part of the Registrant’s Current Report on Form 8-K filed on June 23, 2006                          and are incorporated by                          reference)                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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**SIGNATURES**

|                                | MORGAN                STANLEY CAPITAL I INC. |
|-------------------------------------|----------------------------------------------|
|                                |                                         |
|  March                30, 2007 | /s/                Warren H. Friend          |
|                                | By: Warren                H. Friend     |
|                                | Title: Vice                President    |

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**EXHIBIT      INDEX **

| **Exhibit                                          Number** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.1                                                         | Pooling                                          and Servicing Agreement, dated as of June                                          1, 2006, by and among the                                          Company, as depositor, Wells Fargo Bank,                                          N.A., as general master servicer,                                          LNR Partners, Inc., as general special                                          servicer, NCB, FSB, as NCB master                                          servicer, National Consumer Cooperative                                          Bank, as co-op special servicer                                          and LaSalle Bank National Association,                                          as trustee, paying agent and                                          certificate registrar.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference) |
| 31                                                          | Rule                                          13a-14(d)/15d-14(d) Certifications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 33(a)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, Wells Fargo Bank, National                                          Association, as General Master                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 33(b)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, NCB, FSB, as Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 33(c)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, LNR Partners, Inc., as General                                          Special                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 33(d)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, National Consumer Cooperative                                          Bank, as Co-op Special                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|  33(e)                                            | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, LaSalle Bank National Association,                                          as Trustee, Paying Agent,                                          and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 33(f)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, Babson Capital Management LLC,                                          as                                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 33(g)                                                       | Report                                          on assessment of compliance with servicing                                          criteria for asset-backed                                          securities, SunTrust Bank, as subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(a)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, Wells Fargo Bank,                                          National Association, as                                          General Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 34(b)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, NCB, FSB, as Master                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 34(c)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, LNR Partners,                                          Inc., as General Special                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 34(d)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, National Consumer                                          Cooperative Bank, as Co-op                                          Special Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 34(e)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, LaSalle Bank National                                          Association, as Trustee,                                          Paying Agent, and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 34(f)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, Babson Capital                                          Management LLC, as                                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 34(g)                                                       | Attestation                                          report on assessment of compliance with                                          servicing criteria for                                          asset-backed securities, SunTrust Bank,                                          as subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(a)                                                       | Servicer                                          compliance statement, Wells Fargo Bank,                                          National Association, as General                                          Master Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 35(b)                                                       | Servicer                                          compliance statement, NCB, FSB, as Master                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 35(c)                                                       | Servicer                                          compliance statement, LNR Partners, Inc., as General Special                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(d)                                                       | Servicer                                          compliance statement, National Consumer                                          Cooperative Bank, as Co-op Special                                          Servicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 35(e)                                                       | Servicer                                          compliance statement, LaSalle Bank National                                          Association, as Trustee,                                          Paying Agent, and Certificate Registrar                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 35(f)                                                       | Servicer                                          compliance statement, Babson Capital Management                                          LLC, as                                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 35(g)                                                       | Servicer                                          compliance statement, SunTrust Bank, as                                          subservicer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 99.1                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and Morgan Stanley Mortgage                                          Capital Inc., as                                          seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.2                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and IXIS Real Estate Capital                                          Inc., as seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.3                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and NCB, FSB, as seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 99.4                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and Massachusetts Mutual Life                                          Insurance Company, as                                          seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.5                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and SunTrust Bank, as seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| 99.6                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and Union Central Mortgage Funding,                                          Inc., as                                          seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.7                                                        | Mortgage                                          Loan Purchase Agreement, dated as of June                                          1, 2006, between the Company, as                                          purchaser, and National Consumer Cooperative                                          Bank, as seller.                                          (Filed as                                          part of the Registrant’s Current Report on Form 8-K filed on June                                          23, 2006                                          and are incorporated by                                          reference)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

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