MORGAN STANLEY CAPITAL OPPORTUNITIES TRUST
                           1221 Avenue of the Americas
                            New York, New York 10020


                                                        March 31, 2006



Securities and Exchange Commission
100 F Street, NE
Washington, D.C.  20549


Re:  Morgan Stanley Capital Opportunities Trust
     File Number - 33-63685
     Rule 497 (j) filing

Dear Sir or Madam:

On behalf of the Registrant, the undersigned certifies that the form of
Prospectus and Statement of Additional Information that would have been filed
under Section 497(c) would not have differed from the Prospectus and Statement
of Additional Information contained in the text of the Registrant's most recent
registration statement that was filed electronically via EDGAR with the
Securities and Exchange Commission on March 28, 2006.


                                               Very truly yours,
                                               /s/ Debra Rubano
                                               Debra Rubano
                                               Assistant Secretary



cc:  Amy R. Doberman, Esq.
     Larry Greene