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

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                          MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07377

                   Morgan Stanley Capital Opportunities Trust
               --------------------------------------------------
               (Exact name of registrant as specified in charter)

  522 Fifth Avenue, New York, New York                                   10036
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip code)

                               Amy Doberman, Esq.
                                Managing Director
                     Morgan Stanley Investment Advisors Inc.
                                522 Fifth Avenue
                            New York, New York 10036
                     ---------------------------------------
                     (Name and address of agent for service)

Registrant's telephone number, including area code: 800-869-6397

Date of fiscal year end: 11/30

Date of reporting period: 7/1/06 - 6/30/07



******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-07377
Reporting Period: 07/01/2006 - 06/30/2007
Morgan Stanley Capital Opportunities Trust









================== MORGAN STANLEY CAPITAL OPPORTUNITIES TRUST ==================


ABERCROMBIE & FITCH CO.

Ticker:       ANF            Security ID:  002896207
Meeting Date: JUN 13, 2007   Meeting Type: Annual
Record Date:  APR 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John A. Golden             For       For        Management
1.2   Elect Director Edward F. Limato           For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Ratify Auditors                           For       For        Management


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AMAZON.COM, INC.

Ticker:       AMZN           Security ID:  023135106
Meeting Date: JUN 14, 2007   Meeting Type: Annual
Record Date:  APR 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Jeffrey P. Bezos           For       For        Management
1.2   Elect Director Tom A. Alberg              For       For        Management
1.3   Elect Director John Seely Brown           For       For        Management
1.4   Elect Director L. John Doerr              For       For        Management
1.5   Elect Director William B. Gordon          For       For        Management
1.6   Elect Director Myrtle S. Potter           For       For        Management
1.7   Elect Director Thomas O. Ryder            For       For        Management
1.8   Elect Director Patricia Q. Stonesifer     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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AMERICA MOVIL SA DE CV

Ticker:       AMX            Security ID:  02364W105
Meeting Date: APR 27, 2007   Meeting Type: Special
Record Date:  APR 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Representatives of Class L Shares   For       Did Not    Management
      to the Board of Directors                           Vote
2     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote


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AMERICAN EXPRESS CO.

Ticker:       AXP            Security ID:  025816109
Meeting Date: APR 23, 2007   Meeting Type: Annual
Record Date:  FEB 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Daniel F. Akerson          For       For        Management
1.2   Elect Director Charlene Barshefsky        For       For        Management
1.3   Elect Director Ursula M. Burns            For       For        Management
1.4   Elect Director Kenneth I. Chenault        For       For        Management
1.5   Elect Director Peter Chernin              For       For        Management
1.6   Elect Director Vernon E. Jordan, Jr.      For       For        Management
1.7   Elect Director Jan Leschly                For       For        Management
1.8   Elect Director Richard C. Levin           For       For        Management
1.9   Elect Director Richard A. McGinn          For       For        Management
1.10  Elect Director Edward D. Miller           For       For        Management
1.11  Elect Director Frank P. Popoff            For       For        Management
1.12  Elect Director Steven S. Reinemund        For       For        Management
1.13  Elect Director Robert D. Walter           For       For        Management
1.14  Elect Director Ronald A. Williams         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Provide for Cumulative Voting             Against   Against    Shareholder


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BERKSHIRE HATHAWAY INC.

Ticker:       BRK.A          Security ID:  084670207
Meeting Date: MAY 5, 2007    Meeting Type: Annual
Record Date:  MAR 6, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Warren E. Buffett          For       For        Management
1.2   Elect Director Charles T. Munger          For       For        Management
1.3   Elect Director Howard G. Buffett          For       For        Management
1.4   Elect Director Susan L. Decker            For       For        Management
1.5   Elect Director William H. Gates III       For       For        Management
1.6   Elect Director David S. Gottesman         For       For        Management
1.7   Elect Director Charlotte Guyman           For       For        Management
1.8   Elect Director Donald R. Keough           For       For        Management
1.9   Elect Director Thomas S. Murphy           For       For        Management
1.10  Elect Director Ronald L. Olson            For       For        Management
1.11  Elect Director Walter Scott, Jr.          For       For        Management
2     Prohibit Investments in Foreign           Against   Against    Shareholder
      Corporations Operating in Markets
      Embargoed by the United States Government


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BROOKFIELD ASSET MANAGEMENT INC.

Ticker:       BAM.A          Security ID:  112585104
Meeting Date: MAY 2, 2007    Meeting Type: Annual/Special
Record Date:  MAR 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Marcel R. Coutu            For       For        Management
1.2   Elect Director William A. Dimma           For       For        Management
1.3   Elect Director Lance Liebman              For       For        Management
1.4   Elect Director Roy MacLaren               For       For        Management
1.5   Elect Director G. Wallace F. McCain       For       For        Management
1.6   Elect Director Frank J. McKenna           For       For        Management
1.7   Elect Director Jack M. Mintz              For       Withhold   Management
1.8   Elect Director James A. Pattison          For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Approve 2007 Stock Option Plan            For       For        Management
4     Approve Deloitte & Touche LLP as Auditors For       For        Management
      and Authorize Board to Fix Remuneration
      of Auditors


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C.H. ROBINSON WORLDWIDE, INC.

Ticker:       CHRW           Security ID:  12541W209
Meeting Date: MAY 17, 2007   Meeting Type: Annual
Record Date:  MAR 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Rebecca K. Roloff          For       For        Management
1.2   Elect Director Michael W. Wickham         For       For        Management
2     Ratify Auditors                           For       For        Management


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COACH, INC.

Ticker:       COH            Security ID:  189754104
Meeting Date: NOV 2, 2006    Meeting Type: Annual
Record Date:  SEP 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Lew Frankfort              For       For        Management
1.2   Elect Director Susan Kropf                For       For        Management
1.3   Elect Director Gary Loveman               For       For        Management
1.4   Elect Director Ivan Menezes               For       For        Management
1.5   Elect Director Irene Miller               For       For        Management
1.6   Elect Director Keith Monda                For       For        Management
1.7   Elect Director Michael Murphy             For       For        Management
1.8   Elect Director Jide Zeitlin               For       For        Management


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CORPORATE EXECUTIVE BOARD CO. (THE)

Ticker:       EXBD           Security ID:  21988R102
Meeting Date: JUN 14, 2007   Meeting Type: Annual
Record Date:  APR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James J. McGonigle         For       For        Management
1.2   Elect Director Thomas L. Monahan III      For       For        Management
1.3   Elect Director Robert C. Hall             For       For        Management
1.4   Elect Director Nancy J. Karch             For       For        Management
1.5   Elect Director David W. Kenny             For       For        Management
1.6   Elect Director Daniel O. Leemon           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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COSTCO WHOLESALE CORPORATION

Ticker:       COST           Security ID:  22160K105
Meeting Date: JAN 31, 2007   Meeting Type: Annual
Record Date:  NOV 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Benjamin S. Carson         For       For        Management
1.2   Elect Director William H. Gates           For       For        Management
1.3   Elect Director Hamilton E. James          For       For        Management
1.4   Elect Director Jill S. Ruckelshaus        For       For        Management
2     Ratify Auditors                           For       For        Management


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CROWN CASTLE INTERNATIONAL CORP.

Ticker:       CCI            Security ID:  228227104
Meeting Date: JAN 11, 2007   Meeting Type: Special
Record Date:  NOV 27, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management


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CROWN CASTLE INTERNATIONAL CORP.

Ticker:       CCI            Security ID:  228227104
Meeting Date: MAY 24, 2007   Meeting Type: Annual
Record Date:  MAR 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Edward C. Hutcheson, Jr.   For       For        Management
1.2   Elect Director J. Landis Martin           For       For        Management
1.3   Elect Director W. Benjamin Moreland       For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Eliminate Class of Common Stock           For       For        Management
4     Ratify Auditors                           For       For        Management


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DADE BEHRING HOLDINGS, INC.

Ticker:       DADE           Security ID:  23342J206
Meeting Date: MAY 3, 2007    Meeting Type: Annual
Record Date:  MAR 8, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director N. Leigh Anderson, Ph.D.   For       For        Management
1.2   Elect Director James G. Andress           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management


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DESARROLLADORA HOMEX SAB DE CV

Ticker:       HXM            Security ID:  25030W100
Meeting Date: APR 26, 2007   Meeting Type: Special
Record Date:  MAR 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     READING, DISCUSSION AND APPROVAL OR       For       Abstain    Management
      AMENDMENT, AS THE CASE MAY BE, OF THE
      REPORTS OF THE BOARD OF DIRECTORS ON THE
      COMPANY S REVIEW PURSUANT TO ARTICLE 28,
      SECTION IV OF THE MEXICAN SECURITIES LAW,
      INCLUDING THE FINANCIAL STATEMENTS FOR
      THE YEAR ENDED ON
2     RESOLUTION OVER THE APPLICATION OF THE    For       Abstain    Management
      RESULTS OBTAINED IN SUCH FISCAL YEAR.
3     APPOINTMENT OR RATIFICATION, AS THE CASE  For       Abstain    Management
      MAY BE, OF THE MEMBERS OF THE BOARD OF
      DIRECTORS AND SECRETARY, AND
      DETERMINATION OF THEIR COMPENSATION.
4     APPOINTMENT OR RATIFICATION, AS THE CASE  For       Abstain    Management
      MAY BE, OF THE CHAIRMAN AND MEMBERS OF
      THE AUDIT COMMITTEE AND CORPORATE
      GOVERNANCE COMMITTEE.
5     DISCUSSION AND APPROVAL, AS THE CASE MAY  For       For        Management
      BE, OF THE MAXIMUM AMOUNT THAT COULD BE
      USED TO REPURCHASE OF STOCK OF THE
      COMPANY DURING 2007.
6     DESIGNATION OF DELEGATES WHO WILL         For       For        Management
      FORMALIZE AND EXECUTE THE RESOLUTIONS
      ADOPTED AT THIS MEETING.
7     ADJUSTMENTS AND CHANGES TO THE BYLAWS OF  For       Abstain    Management
      DESARROLLADORA HOMEX, S.A.B. DE C.V., TO
      MODIFY ARTICLES SIX, TWENTY TWO, THIRTY
      THREE AND THIRTY FOUR.
8     DESIGNATION OF DELEGATES WHO WILL         For       For        Management
      FORMALIZE AND EXECUTE THE RESOLUTIONS
      ADOPTED AT THIS MEETING.


--------------------------------------------------------------------------------

EBAY INC.

Ticker:       EBAY           Security ID:  278642103
Meeting Date: JUN 14, 2007   Meeting Type: Annual
Record Date:  APR 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Philippe Bourguignon       For       For        Management
1.2   Elect Director Thomas J. Tierney          For       For        Management
1.3   Elect Director Margaret C. Whitman        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


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ELECTRONIC ARTS INC.

Ticker:       ERTS           Security ID:  285512109
Meeting Date: JUL 27, 2006   Meeting Type: Annual
Record Date:  JUN 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director M. Richard Asher           For       For        Management
1.2   Elect Director Leonard S. Coleman         For       For        Management
1.3   Elect Director Gary M. Kusin              For       For        Management
1.4   Elect Director Gregory B. Maffei          For       For        Management
1.5   Elect Director Timothy Mott               For       For        Management
1.6   Elect Director Vivek Paul                 For       For        Management
1.7   Elect Director Lawrence F. Probst, III    For       For        Management
1.8   Elect Director Richard A. Simonson        For       For        Management
1.9   Elect Director Linda J. Srere             For       For        Management
2     Approve Repricing of Options              For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
5     Ratify Auditors                           For       For        Management


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EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

Ticker:       EXPD           Security ID:  302130109
Meeting Date: MAY 2, 2007    Meeting Type: Annual
Record Date:  MAR 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter J. Rose              For       For        Management
1.2   Elect Director James L.K. Wang            For       For        Management
1.3   Elect Director R. Jordan Gates            For       For        Management
1.4   Elect Director James J. Casey             For       For        Management
1.5   Elect Director Dan P. Kourkoumelis        For       For        Management
1.6   Elect Director Michael J. Malone          For       For        Management
1.7   Elect Director John W. Meisenbach         For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management
5     Amend EEO Policy to Reference             Against   For        Shareholder
      Discrimination based on Sexual
      Orientation


--------------------------------------------------------------------------------

GOOGLE INC

Ticker:       GOOG           Security ID:  38259P508
Meeting Date: MAY 10, 2007   Meeting Type: Annual
Record Date:  MAR 22, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Eric Schmidt               For       For        Management
1.2   Elect Director Sergey Brin                For       For        Management
1.3   Elect Director Larry Page                 For       For        Management
1.4   Elect Director L. John Doerr              For       For        Management
1.5   Elect Director John L. Hennessy           For       For        Management
1.6   Elect Director Arthur D. Levinson         For       For        Management
1.7   Elect Director Ann Mather                 For       For        Management
1.8   Elect Director Paul S. Otellini           For       For        Management
1.9   Elect Director K. Ram Shriram             For       For        Management
1.10  Elect Director Shirley M. Tilghman        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       Against    Management
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Adopt Policies to Protect Freedom of      Against   Against    Shareholder
      Access to the Internet


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GREENHILL & CO., INC.

Ticker:       GHL            Security ID:  395259104
Meeting Date: APR 25, 2007   Meeting Type: Annual
Record Date:  MAR 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert F. Greenhill        For       For        Management
1.2   Elect Director Scott L. Bok               For       For        Management
1.3   Elect Director Simon A. Borrows           For       For        Management
1.4   Elect Director John C. Danforth           For       For        Management
1.5   Elect Director Steven F. Goldstone        For       For        Management
1.6   Elect Director Stephen L. Key             For       For        Management
1.7   Elect Director Isabel V. Sawhill          For       For        Management
2     Ratify Auditors                           For       For        Management


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IRON MOUNTAIN INC.

Ticker:       IRM            Security ID:  462846106
Meeting Date: MAY 24, 2007   Meeting Type: Annual
Record Date:  APR 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Clarke H. Bailey           For       Withhold   Management
1.2   Elect Director Constantin R. Boden        For       For        Management
1.3   Elect Director Kent P. Dauten             For       For        Management
1.4   Elect Director Arthur D. Little           For       For        Management
1.5   Elect Director C. Richard Reese           For       For        Management
1.6   Elect Director Vincent J. Ryan            For       For        Management
1.7   Elect Director Laurie A. Tucker           For       For        Management
2     Ratify Auditors                           For       For        Management


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MARRIOTT INTERNATIONAL INC.

Ticker:       MAR            Security ID:  571903202
Meeting Date: APR 27, 2007   Meeting Type: Annual
Record Date:  MAR 6, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director J.W. Marriott, Jr.         For       For        Management
2     Elect Director John W. Marriott, III      For       For        Management
3     Elect Director Richard S. Braddock        For       For        Management
4     Elect Director Lawrence W. Kellner        For       For        Management
5     Elect Director Debra L. Lee               For       For        Management
6     Elect Director Floretta Dukes McKenzie    For       For        Management
7     Elect Director George Munoz               For       For        Management
8     Elect Director Steven S Reinemund         For       For        Management
9     Elect Director Harry J. Pearce            For       For        Management
10    Elect Director William J. Shaw            For       For        Management
11    Elect Director Lawrence M. Small          For       For        Management
12    Ratify Auditors                           For       For        Management


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MONSANTO CO.

Ticker:       MON            Security ID:  61166W101
Meeting Date: JAN 17, 2007   Meeting Type: Annual
Record Date:  NOV 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank V. Atlee III        For       For        Management
1.2   Elect  Director Arthur H. Harper          For       For        Management
1.3   Elect  Director Gwendolyn S. King         For       For        Management
1.4   Elect  Director Sharon R. Long, Ph.D.     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Separate Chairman and CEO Positions       Against   Against    Shareholder


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MONSTER WORLDWIDE, INC.

Ticker:       MNST           Security ID:  611742107
Meeting Date: MAY 30, 2007   Meeting Type: Annual
Record Date:  APR 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Salvatore Iannuzzi         For       For        Management
1.2   Elect Director Robert J. Chrenc           For       For        Management
1.3   Elect Director George R. Eisele           For       For        Management
1.4   Elect Director John Gaulding              For       For        Management
1.5   Elect Director Michael Kaufman            For       For        Management
1.6   Elect Director Ronald J. Kramer           For       For        Management
1.7   Elect Director Philip R. Lochner, Jr      For       For        Management
1.8   Elect Director David A. Stein             For       For        Management
2     Ratify Auditors                           For       For        Management


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MOODY'S CORPORATION

Ticker:       MCO            Security ID:  615369105
Meeting Date: APR 24, 2007   Meeting Type: Annual
Record Date:  MAR 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Basil L. Anderson          For       For        Management
1.2   Elect Director Raymond W. McDaniel, Jr.   For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Declassify the Board of Directors         Against   For        Shareholder


--------------------------------------------------------------------------------

SALESFORCE.COM, INC.

Ticker:       CRM            Security ID:  79466L302
Meeting Date: JUL 6, 2006    Meeting Type: Annual
Record Date:  MAY 16, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Craig Ramsey               For       For        Management
1.2   Elect Director Sanford R. Robertson       For       For        Management
2     Ratify Auditors                           For       For        Management


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SEARS HOLDINGS CORP

Ticker:       SHLD           Security ID:  812350106
Meeting Date: MAY 4, 2007    Meeting Type: Annual
Record Date:  MAR 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William C. Crowley         For       For        Management
1.2   Elect Director Edward S. Lampert          For       For        Management
1.3   Elect Director Aylwin B. Lewis            For       For        Management
1.4   Elect Director Steven T. Mnuchin          For       For        Management
1.5   Elect Director Richard C. Perry           For       For        Management
1.6   Elect Director Ann N. Reese               For       For        Management
1.7   Elect Director Emily Scott                For       For        Management
1.8   Elect Director Thomas J. Tisch            For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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ULTRA PETROLEUM CORP.

Ticker:       UPL            Security ID:  903914109
Meeting Date: JUN 14, 2007   Meeting Type: Annual
Record Date:  MAY 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Michael D. Watford         For       For        Management
1.2   Elect Director W. Charles Helton          For       For        Management
1.3   Elect Director Stephen J. McDaniel        For       For        Management
1.4   Elect Director Robert E. Rigney           For       For        Management
1.5   Elect Director James C. Roe               For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Prepare a Climate Change Report           Against   Against    Shareholder


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WENDY'S INTERNATIONAL, INC.

Ticker:       WEN            Security ID:  950590109
Meeting Date: APR 26, 2007   Meeting Type: Annual
Record Date:  MAR 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Janet Hill                 For       For        Management
1.2   Elect Director John R. Thompson           For       For        Management
1.3   Elect Director J. Randolph Lewis          For       For        Management
1.4   Elect Director Stuart I. Oran             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Approve Omnibus Stock Plan                For       For        Management
5     Label Genetically Modified Organisms      Against   Against    Shareholder
6     Prepare Sustainability Report             Against   Against    Shareholder
7     Report on Animal Welfare Standards        Against   Against    Shareholder


--------------------------------------------------------------------------------

WYNN RESORTS LTD

Ticker:       WYNN           Security ID:  983134107
Meeting Date: MAY 8, 2007    Meeting Type: Annual
Record Date:  MAR 29, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stephen A. Wynn            For       For        Management
1.2   Elect Director Alvin V. Shoemaker         For       For        Management
1.3   Elect Director D. Boone Wayson            For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Ratify Auditors                           For       For        Management


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YAHOO!, INC.

Ticker:       YHOO           Security ID:  984332106
Meeting Date: JUN 12, 2007   Meeting Type: Annual
Record Date:  APR 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Terry S. Semel             For       For        Management
2     Elect Director Jerry Yang                 For       For        Management
3     Elect Director Roy J. Bostock             For       Against    Management
4     Elect Director Ronald W. Burkle           For       Against    Management
5     Elect Director Eric Hippeau               For       For        Management
6     Elect Director Vyomesh Joshi              For       For        Management
7     Elect Director Arthur H. Kern             For       Against    Management
8     Elect Director Robert A. Kotick           For       For        Management
9     Elect Director Edward R. Kozel            For       For        Management
10    Elect Director Gary L. Wilson             For       For        Management
11    Amend Omnibus Stock Plan                  For       For        Management
12    Amend Qualified Employee Stock Purchase   For       For        Management
      Plan
13    Ratify Auditors                           For       For        Management
14    Pay For Superior Performance              Against   Against    Shareholder
15    Adopt Policies to Protect Freedom of      Against   Against    Shareholder
      Access to the Internet
16    Amend Bylaws to Establish a Board         Against   Against    Shareholder
      Committee on Human Rights
========== END NPX REPORT



                                   SIGNATURES

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant): Morgan Stanley Capital Opportunities Trust
              ------------------------------------------

By (Signature and Title):


                                      /s/ Ronald E. Robison
                 ---------------------------------------------------------------
                 President and Principal Executive Officer - Office of the Funds

Date August 28, 2007


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