SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MORGAN STANLEY

(Last)

(First)

(Middle)

1585 BROADWAY

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERCONTINENTALEXCHANGE INC [ ICE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01	06/01/2006		S		483⁽¹⁾	D	$55.5	6,235,391⁽³⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		44⁽¹⁾	D	$55.51	6,235,347⁽⁴⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		4,605⁽¹⁾	D	$55.7	6,230,742⁽⁵⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		856⁽¹⁾	D	$55.71	6,229,886⁽⁶⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		286⁽¹⁾	D	$55.72	6,229,600⁽⁷⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		197⁽¹⁾	D	$55.73	6,229,403⁽⁸⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		197⁽¹⁾	D	$55.74	6,229,206⁽⁹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		11,973⁽¹⁾	D	$55.75	6,217,233⁽¹⁰⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		110⁽¹⁾	D	$55.77	6,217,123⁽¹¹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		44⁽¹⁾	D	$55.79	6,217,079⁽¹²⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		1,119⁽¹⁾	D	$55.8	6,215,960⁽¹³⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		219⁽¹⁾	D	$55.81	6,215,741⁽¹⁴⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		197⁽¹⁾	D	$55.83	6,215,544⁽¹⁵⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65⁽¹⁾	D	$55.84	6,215,479⁽¹⁶⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		44⁽¹⁾	D	$55.85	6,215,435⁽¹⁷⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		438⁽¹⁾	D	$55.86	6,214,997⁽¹⁸⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		241⁽¹⁾	D	$55.87	6,214,756⁽¹⁹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		154⁽¹⁾	D	$55.89	6,214,602⁽²⁰⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		438⁽¹⁾	D	$55.9	6,214,164⁽²¹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		4,320⁽¹⁾	D	$56	6,209,844⁽²²⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65⁽¹⁾	D	$56.01	6,209,779⁽²³⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65⁽¹⁾	D	$56.02	6,209,714⁽²⁴⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		438⁽¹⁾	D	$56.03	6,209,276⁽²⁵⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		263⁽¹⁾	D	$56.04	6,209,013⁽²⁶⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		943⁽¹⁾	D	$56.05	6,208,070⁽²⁷⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65⁽¹⁾	D	$56.07	6,208,005⁽²⁸⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		88⁽¹⁾	D	$56.08	6,207,917⁽²⁹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65⁽¹⁾	D	$56.1	6,207,852⁽³⁰⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		286⁽¹⁾	D	$56.11	6,207,566⁽³¹⁾	I	See Note⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		132⁽¹⁾	D	$56.12	6,207,434⁽³²⁾	I	See Note⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes shares of Common Stock sold by Morgan Stanley Capital Group Inc. ("MSCG") and Morgan Stanley & Co. International Limited ("MSIL").

2. Each of MSCG and MSIL is a wholly-owned subsidiary of Morgan Stanley. MSCG and MSIL each directly own shares of Common Stock of the Issuer. See Exhibit 99.1 - Joint Filer Information.

3. Includes 6,202,331 shares of Common Stock held directly by MSCG and 33,060 shares held directly by MSIL on June 1, 2006.

4. Includes 6,202,287 shares of Common Stock held directly by MSCG and 33,060 shares held directly by MSIL on June 1, 2006.

5. Includes 6,197,706 shares of Common Stock held directly by MSCG and 33,036 shares held directly by MSIL on June 1, 2006.

6. Includes 6,196,855 shares of Common Stock held directly by MSCG and 33,031 shares held directly by MSIL on June 1, 2006.

7. Includes 6,196,571 shares of Common Stock held directly by MSCG and 33,029 shares held directly by MSIL on June 1, 2006.

8. Includes 6,196,375 shares of Common Stock held directly by MSCG and 33,028 shares held directly by MSIL on June 1, 2006.

9. Includes 6,196,179 shares of Common Stock held directly by MSCG and 33,027 shares held directly by MSIL on June 1, 2006.

10. Includes 6,184,269 shares of Common Stock held directly by MSCG and 32,964 shares held directly by MSIL on June 1, 2006.

11. Includes 6,184,160 shares of Common Stock held directly by MSCG and 32,963 shares held directly by MSIL on June 1, 2006.

12. Includes 6,184,116 shares of Common Stock held directly by MSCG and 32,963 shares held directly by MSIL on June 1, 2006.

13. Includes 6,183,003 shares of Common Stock held directly by MSCG and 32,957 shares held directly by MSIL on June 1, 2006.

14. Includes 6,182,785 shares of Common Stock held directly by MSCG and 32,956 shares held directly by MSIL on June 1, 2006.

15. Includes 6,182,589 shares of Common Stock held directly by MSCG and 32,955 shares held directly by MSIL on June 1, 2006.

16. Includes 6,182,524 shares of Common Stock held directly by MSCG and 32,955 shares held directly by MSIL on June 1, 2006.

17. Includes 6,182,480 shares of Common Stock held directly by MSCG and 32,955 shares held directly by MSIL on June 1, 2006.

18. Includes 6,182,044 shares of Common Stock held directly by MSCG and 32,953 shares held directly by MSIL on June 1, 2006.

19. Includes 6,181,804 shares of Common Stock held directly by MSCG and 32,952 shares held directly by MSIL on June 1, 2006.

20. Includes 6,181,651 shares of Common Stock held directly by MSCG and 32,951 shares held directly by MSIL on June 1, 2006.

21. Includes 6,181,215 shares of Common Stock held directly by MSCG and 32,949 shares held directly by MSIL on June 1, 2006.

22. Includes 6,176,918 shares of Common Stock held directly by MSCG and 32,926 shares held directly by MSIL on June 1, 2006.

23. Includes 6,176,853 shares of Common Stock held directly by MSCG and 32,926 shares held directly by MSIL on June 1, 2006.

24. Includes 6,176,788 shares of Common Stock held directly by MSCG and 32,926 shares held directly by MSIL on June 1, 2006.

25. Includes 6,176,352 shares of Common Stock held directly by MSCG and 32,924 shares held directly by MSIL on June 1, 2006.

26. Includes 6,176,090 shares of Common Stock held directly by MSCG and 32,923 shares held directly by MSIL on June 1, 2006.

27. Includes 6,175,152 shares of Common Stock held directly by MSCG and 32,918 shares held directly by MSIL on June 1, 2006.

28. Includes 6,175,087 shares of Common Stock held directly by MSCG and 32,918 shares held directly by MSIL on June 1, 2006.

29. Includes 6,175,000 shares of Common Stock held directly by MSCG and 32,917 shares held directly by MSIL on June 1, 2006.

30. Includes 6,174,935 shares of Common Stock held directly by MSCG and 32,917 shares held directly by MSIL on June 1, 2006.

31. Includes 6,174,651 shares of Common Stock held directly by MSCG and 32,915 shares held directly by MSIL on June 1, 2006.

32. Includes 6,174,520 shares of Common Stock held directly by MSCG and 32,914 shares held directly by MSIL on June 1, 2006.

Remarks:

This is the second of three Forms 4 being filed by the Reporting Person.

	Dennine Bullard, authorized signatory of Morgan Stanley	06/05/2006
	Robert P. Kinney of Morgan Stanley Capital Group Inc.	06/05/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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