Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sengelmann William W.
2. Date of Event Requiring Statement (Month/Day/Year)
03/14/2008
3. Issuer Name and Ticker or Trading Symbol
CAMDEN PROPERTY TRUST [CPT]
(Last)
(First)
(Middle)
3 GREENWAY PLAZA, SUITE 1300
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP - Real Estate Investments
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77046
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 Shares of Beneficial Interest 23,390
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 (Right to Purchase)   (1)   (2) Common Shares 23,675 $ (3) D  
Options to Purchase Common Shares 01/29/2005 01/29/2014 Common Shares 3,000 $ 42.9 D  
Options to Purchase Common Shares 01/30/2009 01/30/2018 Common Shares 8,325 $ 48.02 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sengelmann William W.
3 GREENWAY PLAZA
SUITE 1300
HOUSTON, TX 77046
      SVP - Real Estate Investments  

Signatures

/s/ William W. Sengelmann 03/18/2008
**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) Includes 23,243 previously vested options and 432 options that vest on February 15, 2009.
(2) Options expire thirty years from date of grant. Includes 1,073 options, 2,195 options, 3,308 options, 4,363 options, 4,766 options, 3,531 options, 2,529 options, 1,478 options and 432 options that expire on February 15, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038 and 2039, respectively.
(3) Granted by the committee appointed in accordance with the provisions of the issuer's Rabbi Trust, and represent the right to purchase shares at a price equal to 25% of the value of the shares at date of grant.

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