FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person *   Carter Michael A 2. Date of Event Requiring Statement (Month/Day/Year) 12/08/2005 3. Issuer Name and Ticker or Trading Symbol PIER 1 IMPORTS INC/DE [PIR] (Last) (First) (Middle) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Vice Pres/General Counsel 5. If Amendment, Date Original Filed(Month/Day/Year) (Street)   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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) common stock 5,720.4311 (1) D Â

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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Option to Buy)	09/27/2005	09/27/2011	common stock	6,250	$ 8.26	D	Â
Employee Stock Option (Option to Buy)	09/29/2005	09/26/2012	common stock	18,750	$ 20.38	D	Â
Employee Stock Option (Option to Buy)	09/29/2005	09/25/2013	common stock	25,000	$ 19.4	D	Â
Employee Stock Option (Option to Buy)	09/29/2005	06/28/2014	common stock	25,000	$ 17.25	D	Â
Employee Stock Option (Option to Buy)	07/01/2006	07/01/2015	common stock	5,000	$ 14.25	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Carter Michael A Â	Â	Â	  Sr. Vice Pres/General Counsel	Â

Signatures

/s/ Michael A. Carter		12/08/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Mr. Carter's direct ownership consits of 5,000 shares of restricted stock issued under the Company Restricted Stock Plan; 267.4311 shares held in the Employee Stock Purchase Plan; and 453 shares held directly.

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