UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 If amended report check here: Institutional Investment Manager Filing This Report: Name: Travelers Companies, Inc. Address: 385 Washington Street St. Paul, MN 55102-1396 13F File Number: 28-62 The Institutional Investment Manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct, and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Bruce Backberg Title: Corporate Secretary Phone: (651) 310-7916 Signature, Place and Date of signing: /s/ Bruce Backberg, St. Paul, Minnesota, May 14, 2008 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 68 Form 13F Information Table Value Total: 162,901 List of Other Included Managers: No. 13F Filing Number Name 01 28-29 ST. PAUL FIRE AND MARINE INSURANCE COMPANY FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE OF CUSIP VALUE SHARES SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY CLASS (X$1000) PRN/AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE AT&T INC COMM 00206R102 517 13,500 SH SHARED 13,500 ALLIANCE HOLDINGS GP LP COMM 01861G100 757 33,000 SH SHARED 33,000 ALLIANCE BERNSTEIN HOLDING LP COMM 01881G106 634 10,000 SH SHARED 10,000 BLACKROCK MUNIYIELD QUALITY FUND II COMM 09254G108 18 1,600 SH SHARED 1,600 BRISTOW GROUP CONV PFD 5.50% PREF 110394400 480 7,100 SH SHARED 7,100 BUCKEYE PARTNERS LP COMM 118230101 899 19,500 SH SHARED 19,500 CAVIUM NETWORKS INC COMM 14965A101 498 30,370 SH SHARED 30,370 CEDAR FAIR LP COMM 150185106 930 40,000 SH SHARED 40,000 CINCINNATI BELL INC PFD STK PREF 171871403 17 400 SH SHARED 400 CROSSTEX ENERGY INC COMM 22765Y104 306 9,000 SH SHARED 9,000 DATA DOMAIN INC COMM 23767P109 30 1,274 SH SHARED 1,274 DEXCOM INC COMM 252131107 399 96,430 SH SHARED 96,430 DYAX CORP COMM 26746E103 1 255 SH SHARED 255 EL PASO PIPELINE PARTNERS LP COMM 283702108 634 28,000 SH SHARED 28,000 ENBRIDGE ENERGY PARTNERS LP COMM 29250R106 3,233 68,000 SH SHARED 68,000 ENERGY TRANSFER EQUITY LP COMM 29273V100 1,874 60,000 SH SHARED 60,000 ENTERPRISE GP HOLDINGS LP COMM 293716106 478 16,000 SH SHARED 16,000 ENTERPRISE PRODUCTS PARTNERS LP COMM 293792107 6,341 213,500 SH SHARED 213,500 EXTERRAN PARTNERS LP COMM 30225N105 261 9,000 SH SHARED 9,000 (R) FANNIE MAE COMM 313586109 3 101 SH SHARED 101 FIBERTOWER CORP COMM 31567R100 43 24,459 SH SHARED 24,459 FREEPORT-MC C&G 6.750% 05/01/10 SERIES PREF 35671D782 725 5,160 SH SHARED 5,160 GENERAL MOTORS CORP SER C 6.25% PREF 370442717 1,990 120,600 SH SHARED 120,600 GENVEC INC COMM 37246C109 404 229,380 SH SHARED 229,380 HANSEN MEDICAL INC COMM 411307101 51 3,626 SH SHARED 3,626 IKANOS COMMUNICATIONS INC COMM 45173E105 6 1,352 SH SHARED 1,352 INERGY LP COMM 456615103 781 28,000 SH SHARED 28,000 INFINERA CORP COMM 45667G103 128 10,664 SH SHARED 10,664 KINDER MORGAN MANAGMENT LLC COMM 49455U100 5,541 108,706 SH SHARED 108,706 MAGELLAN MIDSTREAM PARTNERS LP COMM 559080106 3,807 94,000 SH SHARED 94,000 MARKWEST ENERGY PARTNERS LP COMM 570759100 3,862 125,240 SH SHARED 125,240 MEDIWARE INFORMATION SYSTEMS COMM 584946107 665 116,110 SH SHARED 116,110 NATL WESTMINSTER BK PLC SER C PREF 638539882 14,433 575,000 SH SHARED 575,000 NATURAL RESOURCE PARTNERS LP COMM 63900P103 1,191 42,000 SH SHARED 42,000 NETEZZA CORP COMM 64111N101 84 9,084 SH SHARED 9,084 NUSTAR ENERGY LP COMM 67058H102 2,567 53,000 SH SHARED 53,000 NUSTAR GP HOLDINGS LLC COMM 67059L102 1,898 75,000 SH SHARED 75,000 OCCAM NETWORKS INC COMM 67457P309 3 552 SH SHARED 552 ONEOK PARTNERS LP COMM 68268N103 4,330 75,300 SH SHARED 75,300 PENN VIRGINIA RESOURCE PARTNERS LP COMM 707884102 349 14,000 SH SHARED 14,000 PENN VIRGINIA GP HOLDINGS LP COMM 70788P105 812 30,000 SH SHARED 30,000 PLAINS ALL AMER PIPELINE LP COMM 726503105 4,863 102,300 SH SHARED 102,300 PROGRESS ENERGY INC COMM 743263105 1,981 47,500 SH SHARED 47,500 PRUDENTIAL FINANCIAL INC COMM 744320102 177 2,265 SH SHARED 2,265 REGENCY ENERGY PARTNERS LP COMM 75885Y107 963 36,000 SH SHARED 36,000 ROYAL BK OF SCOTLAND PLC PFD 6.25% SER P PREF 780097762 1,731 80,000 SH SHARED 80,000 SCANA CORP COMM 80589M102 3,109 85,000 SH SHARED 85,000 SCHERING-PLOUGH 6.00% 8/13/10 SERIES PREF 806605705 873 5,700 SH SHARED 5,700 SEMGROUP ENERGY PARTNERS LP COMM 81662W108 1,263 50,000 SH SHARED 50,000 SMURFIT STONE 2/15/12 SER A CONV 7.00% PREF 832727200 132 6,400 SH SHARED 6,400 SOUTHERN COMPANY COMM 842587107 2,386 67,000 SH SHARED 67,000 SPACEHAB INC COMM 846243400 9 15,700 SH SHARED 15,700 SPECTRA ENERGY PARTNERS LP COMM 84756N109 339 14,000 SH SHARED 14,000 STONEMOR PARTNERS LP COMM 86183Q100 366 20,000 SH SHARED 20,000 SUNOCO LOGISTICS PARTNERS LP COMM 86764L108 1,859 38,100 SH SHARED 38,100 TEPPCO PARTNERS LP COMM 872384102 3,621 105,000 SH SHARED 105,000 TARGA RESOURCES PARTNERS LP COMM 87611X105 488 21,000 SH SHARED 21,000 TRANSDIGM GROUP INC COMM 893641100 545 14,720 SH SHARED 14,720 TRANSMONTAIGNE PARTNERS LP COMM 89376V100 596 21,000 SH SHARED 21,000 THE TRAVELERS COMPANIES INC COMM 89417E109 38,165 797,600 SH SOLE 797,600 US BANCORP COMM 902973304 3,479 107,500 SH SHARED 107,500 VERIZON COMMUNICATIONS INC COMM 92343V104 1,021 28,000 SH SHARED 28,000 WACHOVIA CORP COMM 929903102 1,296 48,000 SH SHARED 48,000 WASHINGTON MUTUAL 7.750% SER R PREF 939322814 625 880 SH SHARED 880 WORLD WRESTLING ENTERTAINMENT INC COMM 98156Q108 447 24,000 SH SHARED 24,000 XCEL ENERGY INC COMM 98389B100 2,434 122,000 SH SHARED 122,000 MAX CAPITAL GROUP LTD COMM G6052F103 27,731 1,058,833 SH SHARED 1,058,833 PLATINUM UNDERWRITERS SER A 6.00% PREF G7127P142 422 13,950 SH SHARED 13,950