MORGAN STANLEY SPECIAL VALUE FUND
                           1221 Avenue of the Americas
                            New York, New York 10020



                                             November 28, 2006




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


Re:  Morgan Stanley Special Value Fund
     File Number - 333-06935
                   811-7683

     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 November 22, 2006.



                                             Very truly yours,

                                             /s/ Eric C. Griffith
                                             --------------------
                                             Eric C. Griffith
                                             Assistant Secretary



cc:  Amy R. Doberman, Esq.
     Larry Greene