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 *
  Scharringhausen Cynthia B.
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 - Human Resources
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 24,370
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 15,154 $ (3) D  
Options to Purchase Common Shares 01/30/2009 01/30/2018 Common Shares 8,325 $ 48.02 D  
Options to Purchase Common Shares 01/29/2005 01/29/2014 Common Shares 1,740 $ 42.9 D  
Options to Purchase Common Shares 02/15/2004 02/15/2013 Common Shares 2,167 $ 31.48 D  
Options to Purchase Common Shares 02/15/2003 02/15/2012 Common Shares 8,673 $ 34.59 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Scharringhausen Cynthia B.
3 GREENWAY PLAZA
SUITE 1300
HOUSTON, TX 77046
      SVP - Human Resources  

Signatures

/s/ Cynthia B. Scharringhausen 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 14,688 previously vested options and 466 options that vest on February 15, 2009.
(2) Options expire thirty years from date of grant. Includes 662 options, 1,261 options, 1,920 options, 2,486 options, 3,052 options, 2,397 options, 1,795 options, 1,115 options and 466 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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