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 *
MCCLAIN DEREK R
   2. Issuer Name and Ticker or Trading Symbol
TRAMMELL CROW CO [TCC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO
(Last)
(First)
(Middle)
2001 ROSS AVENUE, SUITE 3400		 3. Date of Earliest Transaction (Month/Day/Year)
08/09/2006
(Street)

DALLAS, TX 75201		 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)
Code V Amount (A) or (D) Price
Common Stock 08/09/2006   A   11,184 A $ 0 100,966 (1) D  
Common Stock               160 I By IRA
Common Stock               4,882.174 (2) I By 401(k) Plan

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 13.9             05/24/2003(3) 05/24/2009 Common Stock 57,500   57,500 D  
Stock Option (right to buy) $ 10.47             06/26/2002(4) 06/26/2008 Common Stock 10,000   10,000 D  
Stock Option (right to buy) $ 10.2             05/25/2002(5) 05/25/2008 Common Stock 60,000   60,000 D  
Stock Option (right to buy) $ 11.438             03/08/2003(6) 03/08/2010 Common Stock 15,000   15,000 D  
Stock Option (right to buy) $ 11.438             03/08/2001(7) 03/08/2010 Common Stock 25,000   25,000 D  
Stock Option (right to buy) $ 17.438             05/05/2000(8) 05/05/2009 Common Stock 9,005   9,005 D  
Stock Option (right to buy) $ 18.063             02/18/2000(9) 02/18/2009 Common Stock 15,149   15,149 D  
Stock Option (right to buy) $ 26.625             01/31/1999(10) 01/31/2008 Common Stock 13,143   13,143 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCCLAIN DEREK R
2001 ROSS AVENUE
SUITE 3400
DALLAS, TX 75201		       CFO  

Signatures

 /s/ Derek R. McClain   09/05/2006
**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 55,459 shares of restricted stock, with 20,000 shares vesting on 3/5/2007, 20,000 shares vesting on 3/5/2008, and 15,459 shares vesting on 3/5/2009. Also includes 2,995 shares acquired under the Issuer's Employee Stock Purchase Plan. Also includes a restricted stock award of 11,184 shares, with 5,592 shares vesting on May 17, 2009 and 5,592 shares vesting on May 17, 2010, but only if the Issuer has positive net income for the period commencing July 1, 2006 and ending December 31, 2006.
(2) Includes 56.8403 shares acquired between May 18, 2005 and February 28, 2006 under the Issuer's 401(k) plan.
(3) The options vest in four equal annual installments beginning 5/24/2003.
(4) The options vest in four equal annual installments beginning 6/26/2002.
(5) The options vest in four equal annual installments beginning 5/25/2002.
(6) The options vest in three equal annual installments beginning 3/8/2003.
(7) The options vested in four equal annual installments beginning 3/8/2001.
(8) The options vested in four equal annual installments beginning 5/5/2000.
(9) The options vested in three equal annual installments beginning 2/18/2000.
(10) The options vested in three equal annual installments beginning 1/31/1999.

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