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 * LEBDA DOUGLAS R   2. Issuer Name and Ticker or Trading Symbol Tree.com, Inc. [TREE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 11115 RUSHMORE DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 09/05/2008 (Street) CHARLOTTE, NC 28277 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 09/05/2008   J(1)   2,750 D (1) 118,254 D   Common Stock 09/05/2008   J(2)   790 D (2) 0 I Prepaid forward contract with spouse Common Stock               45,374 I Through family trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LEBDA DOUGLAS R 11115 RUSHMORE DRIVE CHARLOTTE, NC 28277	X		Chairman & CEO

Signatures

Jacqueline Jones as Attorney-in-Fact for Douglas R. Lebda		09/05/2008
**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)	On September 5, 2003, the reporting person entered into a joint variable prepaid forward contract with a financial institution covering certain shares of IAC/Interactive Corp, which contract settled on September 5, 2008. As a result of certain spin-off transactions, at settlement, the contract covered a basket of securities including 2,750 shares of Tree.com Common Stock. The reporting person was obligated to deliver all of these shares (or, at his option, an equivalent cash payment) at settlement because the aggregate settlement prices of the securities comprising the basket at maturity were less than the downside floor price specified in the contract.
(2)	On September 5, 2003, the reporting person's spouse entered into a joint variable prepaid forward contract with a financial institution covering certain shares of IAC/Interactive Corp, which contract settled on September 5, 2008. As a result of certain spin-off transactions, at settlement, the contract covered a basket of securities including 790 shares of Tree.com Common Stock. The reporting person's spouse was obligated to deliver all of these shares (or, at her option, an equivalent cash payment) at settlement because the aggregate settlement prices of the securities comprising the basket at maturity were less than the downside floor price specified in the contract. The reporting person disclaims beneficial ownership of these shares.

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