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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                                                                             |   |  36-458769936-458769835-227009932-6049860                                           |
|-------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|
| (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            9A(T). 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 March 1, 2006, by and                      between                      Company, the Master Servicer, the Special Servicer, the Trustee                      and the                      Paying Agent.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                             |
| 10.1                                    | Sub-Servicing                      Agreement, dated as of March 1, 2006, by and between the Master                      Servicer                      and Laureate Capital LLC.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                                       |
| 10.2                                    | Mortgage                      Loan Purchase Agreement, dated as of March 17, 2006, by and                      between the                      Company and LaSalle Bank National Association.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                        |
| 10.3                                    | Mortgage                      Loan Purchase Agreement, dated as of March 17, 2006, by and                      between the                      Company and Morgan Stanley Mortgage Capital Inc.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                      |
| 10.4                                    | Underwriting                      Agreement, dated as of March 17, 2006, by and among Morgan                      Stanley &                      Co. Incorporated, LaSalle Financial Services, Inc., Banc of                      America                      Securities LLC and Greenwich Capital Markets, Inc.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which 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 Master                      Servicer                                                                                                                                                                                                                                                                                                          |
| 33(b)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                      |
| 33(c)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LaSalle Bank National Association, as Paying Agent                      and                      Certificate Registrar                                                                                                                                                                                                                                                                   |
| 33(d)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, U.S. Bank National Association, as Trustee and                      Custodian                                                                                                                                                                                                                                                                                                            |
|  33(e)                        | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Laureate Capital LLC, as servicing function                      participant                                                                                                                                                                                                                                                                                                             |
| 34(a)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wells Fargo Bank, National Association,                      as Master                      Servicer                                                                                                                                                                                                                                                    |
| 34(b)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                     |
| 34(c)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LaSalle Bank National Association,                      as Paying                      Agent and Certificate Registrar                                                                                                                                                                                                                                  |
| 34(d)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, U.S. Bank National Association, as                      Trustee and                      Custodian                                                                                                                                                                                                                                                      |
| 34(e)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Laureate Capital LLC, as servicing                      function                      participant                                                                                                                                                                                                                                                       |
| 35(a)                                   | Servicer                      compliance statement, Wells Fargo Bank, National Association, as                      Master Servicer                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(b)                                   | Servicer                      compliance statement, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                                                                                                    |
| 35(c)                                   | Servicer                      compliance statement, LaSalle Bank National Association, as                      Paying Agent                      and Certificate Registrar.                                                                                                                                                                                                                                                                                                                                                |
| 35(d)                                   | Servicer                      compliance statement, Laureate Capital LLC, as servicing function                      participant                                                                                                                                                                                                                                                                                                                                                                                      |

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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 March 1, 2006, by and                      between                      Company, the Master Servicer, the Special Servicer, the Trustee                      and the                      Paying Agent.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                             |
| 10.1                                    | Sub-Servicing                      Agreement, dated as of March 1, 2006, by and between the Master                      Servicer                      and Laureate Capital LLC.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                                       |
| 10.2                                    | Mortgage                      Loan Purchase Agreement, dated as of March 17, 2006, by and                      between the                      Company and LaSalle Bank National Association.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                        |
| 10.3                                    | Mortgage                      Loan Purchase Agreement, dated as of March 17, 2006, by and                      between the                      Company and Morgan Stanley Mortgage Capital Inc.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which are incorporated by reference.)                                                                                                                      |
| 10.4                                    | Underwriting                      Agreement, dated as of March 17, 2006, by and among Morgan                      Stanley &                      Co. Incorporated, LaSalle Financial Services, Inc., Banc of                      America                      Securities LLC and Greenwich Capital Markets, Inc.                      (Filed as                      part of the Registrant’s Current Report on Form 8-K filed on April 12,                      2006 and which 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 Master                      Servicer                                                                                                                                                                                                                                                                                                          |
| 33(b)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                      |
| 33(c)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, LaSalle Bank National Association, as Paying Agent                      and                      Certificate Registrar                                                                                                                                                                                                                                                                   |
| 33(d)                                   | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, U.S. Bank National Association, as Trustee and                      Custodian                                                                                                                                                                                                                                                                                                            |
|  33(e)                        | Report                      on assessment of compliance with servicing criteria for asset-backed                      securities, Laureate Capital LLC, as servicing function                      participant                                                                                                                                                                                                                                                                                                             |
| 34(a)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Wells Fargo Bank, National Association,                      as Master                      Servicer                                                                                                                                                                                                                                                    |
| 34(b)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                     |
| 34(c)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, LaSalle Bank National Association,                      as Paying                      Agent and Certificate Registrar                                                                                                                                                                                                                                  |
| 34(d)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, U.S. Bank National Association, as                      Trustee and                      Custodian                                                                                                                                                                                                                                                      |
| 34(e)                                   | Attestation                      report on assessment of compliance with servicing criteria                      for                      asset-backed securities, Laureate Capital LLC, as servicing                      function                      participant                                                                                                                                                                                                                                                       |
| 35(a)                                   | Servicer                      compliance statement, Wells Fargo Bank, National Association, as                      Master Servicer                                                                                                                                                                                                                                                                                                                                                                                   |
| 35(b)                                   | Servicer                      compliance statement, J.E. Robert Company, Inc., as Special                      Servicer                                                                                                                                                                                                                                                                                                                                                                                                    |
| 35(c)                                   | Servicer                      compliance statement, LaSalle Bank National Association, as                      Paying Agent                      and Certificate Registrar.                                                                                                                                                                                                                                                                                                                                                |
| 35(d)                                   | Servicer                      compliance statement, Laureate Capital LLC, as servicing function                      participant                                                                                                                                                                                                                                                                                                                                                                                      |

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