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 *
  Talbot William W.
 2. Date of Event Requiring Statement (Month/Day/Year)
05/05/2011		 3. Issuer Name and Ticker or Trading Symbol
AMERICAN CAMPUS COMMUNITIES INC [ACC]
(Last)
(First)
(Middle)
C/O AMERICAN CAMPUS COMMUNITIES, 12700 HILL COUNTRY BLVD., SUITE T-200		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP, Investments
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

AUSTIN, TX 78738		 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 13,460
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
Common Units of Limited Partnership Interest   (1)   (1) Common Stock, par value $.01 per share 3,800 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Talbot William W.
C/O AMERICAN CAMPUS COMMUNITIES
12700 HILL COUNTRY BLVD., SUITE T-200
AUSTIN, TX 78738		       Executive VP, Investments  

Signatures

/s/ Jonathan A. Graf, Attorney-in-Fact 05/13/2011
**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) Common units of limited partnership interest in American Campus Communities Operating Partnership LP, a Maryland limited partnership (the "Operating Partnership"), of which American Campus Communities, Inc. ("ACC") is the sole member of the general partner. The common units are redeemable for cash based upon the fair market value of an equivalent number of shares of ACC's common stock, or, at the election of the Operating Partnership, an equal number of shares of ACC's common stock.

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