Edgar Filing: INTERCONTINENTALEXCHANGE INC

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MORGAN STANLEY

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)

(Last)

(First)

(Middle)

1585 BROADWAY

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

(Street)

NEW YORK, NY 10036

4. If Amendment, Date 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

(City)

(State)

(Zip)

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		4,255 ⁽¹⁾	D	$ 55.05	6,254,558 ⁽³⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		132 ⁽¹⁾	D	$ 55.06	6,254,426 ⁽⁴⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		351 ⁽¹⁾	D	$ 55.07	6,254,075 ⁽⁵⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		22 ⁽¹⁾	D	$ 55.08	6,254,053 ⁽⁶⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01 ⁽¹⁾	06/01/2006		S		197	D	$ 55.09	6,253,856 ⁽⁷⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		285 ⁽¹⁾	D	$ 55.1	6,253,571 ⁽⁸⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		87 ⁽¹⁾	D	$ 55.11	6,253,484 ⁽⁹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65 ⁽¹⁾	D	$ 55.12	6,253,419 ⁽¹⁰⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		22 ⁽¹⁾	D	$ 55.14	6,253,397 ⁽¹¹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		176 ⁽¹⁾	D	$ 55.15	6,253,221 ⁽¹²⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		4,561 ⁽¹⁾	D	$ 55.25	6,248,660 ⁽¹³⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		110 ⁽¹⁾	D	$ 55.26	6,248,550 ⁽¹⁴⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		746 ⁽¹⁾	D	$ 55.27	6,247,804 ⁽¹⁵⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		307 ⁽¹⁾	D	$ 55.29	6,247,497 ⁽¹⁶⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		241 ⁽¹⁾	D	$ 55.3	6,247,256 ⁽¹⁷⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		132 ⁽¹⁾	D	$ 55.31	6,247,124 ⁽¹⁸⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		44 ⁽¹⁾	D	$ 55.32	6,247,080 ⁽¹⁹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65 ⁽¹⁾	D	$ 55.33	6,247,015 ⁽²⁰⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		4,978 ⁽¹⁾	D	$ 55.35	6,242,037 ⁽²¹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		2,040 ⁽¹⁾	D	$ 55.36	6,239,997 ⁽²²⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		1,162 ⁽¹⁾	D	$ 55.37	6,238,835 ⁽²³⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		110 ⁽¹⁾	D	$ 55.38	6,238,725 ⁽²⁴⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		548 ⁽¹⁾	D	$ 55.39	6,238,177 ⁽²⁵⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		1,250 ⁽¹⁾	D	$ 55.4	6,236,927 ⁽²⁶⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		263 ⁽¹⁾	D	$ 55.41	6,236,664 ⁽²⁷⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		286 ⁽¹⁾	D	$ 55.42	6,236,378 ⁽²⁸⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		65 ⁽¹⁾	D	$ 55.43	6,236,313 ⁽²⁹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		263 ⁽¹⁾	D	$ 55.44	6,236,050 ⁽³⁰⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		132 ⁽¹⁾	D	$ 55.45	6,235,918 ⁽³¹⁾	I	See Note ⁽²⁾
Common Stock, par value $0.01	06/01/2006		S		44 ⁽¹⁾	D	$ 55.49	6,235,874 ⁽³²⁾	I	See Note ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MORGAN STANLEY 1585 BROADWAY NEW YORK, NY 10036		X

Signatures

/s/ Dennine Bullard, authorized signatory of Morgan Stanley		06/05/2006
^**Signature of Reporting Person		Date
/s/ Robert P. Kinney of Morgan Stanley Capital Group Inc.		06/05/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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 6,221,396 shares of Common Stock held directly by MSCG and 33,162 shares held directly by MSIL on June 1, 2006.
(4)	Includes 6,221,265 shares of Common Stock held directly by MSCG and 33,161 shares held directly by MSIL on June 1, 2006.
(5)	Includes 6,220,916 shares of Common Stock held directly by MSCG and 33,159 shares held directly by MSIL on June 1, 2006.
(6)	Includes 6,220,894 shares of Common Stock held directly by MSCG and 33,159 shares held directly by MSIL on June 1, 2006.
(7)	Includes 6,220,698 shares of Common Stock held directly by MSCG and 33,158 shares held directly by MSIL on June 1, 2006.
(8)	Includes 6,220,415 shares of Common Stock held directly by MSCG and 33,156 shares held directly by MSIL on June 1, 2006.
(9)	Includes 6,220,328 shares of Common Stock held directly by MSCG and 33,156 shares held directly by MSIL on June 1, 2006.
(10)	Includes 6,220,263 shares of Common Stock held directly by MSCG and 33,156 shares held directly by MSIL on June 1, 2006.
(11)	Includes 6,220,241 shares of Common Stock held directly by MSCG and 33,156 shares held directly by MSIL on June 1, 2006.
(12)	Includes 6,220,066 shares of Common Stock held directly by MSCG and 33,155 shares held directly by MSIL on June 1, 2006.
(13)	Includes 6,215,529 shares of Common Stock held directly by MSCG and 33,131 shares held directly by MSIL on June 1, 2006.
(14)	Includes 6,215,420 shares of Common Stock held directly by MSCG and 33,130 shares held directly by MSIL on June 1, 2006.
(15)	Includes 6,214,678 shares of Common Stock held directly by MSCG and 33,126 shares held directly by MSIL on June 1, 2006.
(16)	Includes 6,214,373 shares of Common Stock held directly by MSCG and 33,124 shares held directly by MSIL on June 1, 2006.
(17)	Includes 6,214,133 shares of Common Stock held directly by MSCG and 33,123 shares held directly by MSIL on June 1, 2006.
(18)	Includes 6,214,002 shares of Common Stock held directly by MSCG and 33,122 shares held directly by MSIL on June 1, 2006.
(19)	Includes 6,213,958 shares of Common Stock held directly by MSCG and 33,122 shares held directly by MSIL on June 1, 2006.
(20)	Includes 6,213,893 shares of Common Stock held directly by MSCG and 33,122 shares held directly by MSIL on June 1, 2006.
(21)	Includes 6,208,941 shares of Common Stock held directly by MSCG and 33,096 shares held directly by MSIL on June 1, 2006.
(22)	Includes 6,206,912 shares of Common Stock held directly by MSCG and 33,085 shares held directly by MSIL on June 1, 2006.
(23)	Includes 6,205,756 shares of Common Stock held directly by MSCG and 33,079 shares held directly by MSIL on June 1, 2006.
(24)	Includes 6,205,647 shares of Common Stock held directly by MSCG and 33,078 shares held directly by MSIL on June 1, 2006.
(25)	Includes 6,205,102 shares of Common Stock held directly by MSCG and 33,075 shares held directly by MSIL on June 1, 2006.
(26)	Includes 6,203,859 shares of Common Stock held directly by MSCG and 33,068 shares held directly by MSIL on June 1, 2006.
(27)	Includes 6,203,597 shares of Common Stock held directly by MSCG and 33,067 shares held directly by MSIL on June 1, 2006.
(28)	Includes 6,203,313 shares of Common Stock held directly by MSCG and 33,065 shares held directly by MSIL on June 1, 2006.
(29)	Includes 6,203,248 shares of Common Stock held directly by MSCG and 33,065 shares held directly by MSIL on June 1, 2006.
(30)	Includes 6,202,986 shares of Common Stock held directly by MSCG and 33,064 shares held directly by MSIL on June 1, 2006.
(31)	Includes 6,202,855 shares of Common Stock held directly by MSCG and 33,063 shares held directly by MSIL on June 1, 2006.
(32)	Includes 6,202,811 shares of Common Stock held directly by MSCG and 33,063 shares held directly by MSIL on June 1, 2006.
Remarks: * This is the first of three Forms 4 being filed by the Reporting Person.

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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