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 *
  Tasooji Michael B
 2. Date of Event Requiring Statement (Month/Day/Year)
10/02/2007		 3. Issuer Name and Ticker or Trading Symbol
GAP INC [GPS]
(Last)
(First)
(Middle)
GAP INC., 2 FOLSOM STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Chief Information Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN FRANCISCO, CA 94105		 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 2,509.6415
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
Right to Buy (Employee Stock Option)   (1) 10/13/2013 Common Stock 300,000 $ 19.45 D  
Right to Buy (Employee Stock Option)   (2) 03/23/2014 Common Stock 100,000 $ 20.48 D  
Right to Buy (Employee Stock Option)   (3) 03/11/2015 Common Stock 90,000 $ 22.42 D  
Right to Buy (Employee Stock Option)   (3) 03/11/2015 Common Stock 20,000 $ 22.42 D  
Right to Buy (Employee Stock Option)   (4) 03/13/2016 Common Stock 100,000 $ 17.84 D  
Performance Units   (5)   (5) Common Stock 40,000 $ 0 (6) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tasooji Michael B
GAP INC.
2 FOLSOM STREET
SAN FRANCISCO, CA 94105		       EVP, Chief Information Officer  

Signatures

/s/ Ingrid Freire, Power of Attorney 10/09/2007
**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) These options become exercisable in four equal annual installments beginning October 13, 2004.
(2) These options become exercisable in four equal annual installments beginning March 23, 2005.
(3) These options are fully vested and exercisable.
(4) These options become exercisable in four equal annual installments beginning March 13, 2007.
(5) These units vest in two equal installments. 20,000 units vest on February 2, 2009 and 20,000 units vest on February 2, 2010. Shares are delivered to the reporting person upon vest.
(6) Each performance unit represents a contingent right to receive one share of Gap Inc. common stock.

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