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<TITLE> Form 10-K 12/31/94</TITLE>


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<B><FONT SIZE=4><P ALIGN="CENTER">UNITED  STATES</B><BR>


<B>SECURITIES  AND  EXCHANGE  COMMISSION</B><BR>


</FONT><FONT SIZE=2>Washington, D.C.  20549</P>


</FONT><B><FONT SIZE=5><P ALIGN="CENTER">FORM  8-K</P>


</B></FONT><FONT SIZE=4><P ALIGN="CENTER"><BR>


</FONT><B>Current  Report<BR>


<FONT FACE="Times New Roman Bold">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>


</B></FONT><FONT SIZE=4><P ALIGN="CENTER"><BR>


</FONT><B>Date of Report (Date of earliest event reported): October&nbsp;30, 2006</P>


<FONT SIZE=5><P ALIGN="CENTER">The Charles Schwab Corporation</B></FONT><FONT SIZE=5><BR>


</FONT><FONT SIZE=1>(Exact name of registrant as specified in its charter)</P>


<P ALIGN="CENTER"></P></FONT>


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<TR><TD WIDTH="35%" VALIGN="TOP">&nbsp;</TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">Commission File Number:&nbsp;&nbsp;1-9700</FONT><BR>


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<TD WIDTH="33%" VALIGN="TOP">&nbsp;</TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">Delaware</FONT><BR>


</B><FONT SIZE=2>(State or other jurisdiction</FONT><B><BR>


</B><FONT SIZE=2>of incorporation)</FONT></TD>


<TD WIDTH="17%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="41%" VALIGN="TOP" COLSPAN=2>


<B><FONT SIZE=2><P ALIGN="CENTER">94-3025021</FONT><BR>


</B><FONT SIZE=2>(I.R.S. Employer</FONT><B><BR>


</B><FONT SIZE=2>Identification No.)</FONT></TD>


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</FONT><B><FONT SIZE=3><P ALIGN="CENTER">120 Kearny Street, San Francisco, CA  94108</B><BR>


</FONT><FONT SIZE=1>(Address of principal executive offices, including zip code)</FONT><FONT SIZE=3> <BR>


</P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">(415) 636-7000</P>


</B><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>


</FONT><FONT SIZE=3><P ALIGN="CENTER"></P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">N/A</P>


</B><P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>


</FONT><FONT SIZE=3><P ALIGN="CENTER"></P>


</FONT><FONT SIZE=2><P ALIGN="JUSTIFY">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>


&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>


&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>


&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>


&#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>


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<U><FONT SIZE=3><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>


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<FONT SIZE=2>


</FONT><FONT FACE="CG Times (W1),Times New Roman" SIZE=2><P>&nbsp;</P>


</FONT><B><P>&nbsp;</P>


</B><FONT FACE="CG Times (W1),Times New Roman" SIZE=2><P>&nbsp;</P></FONT>


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<B><FONT SIZE=3><P>Item 1.01</B></FONT></TD>


<TD WIDTH="87%" VALIGN="TOP">


<B><FONT SIZE=3><P>Entry into a Material Definitive Agreement</B></FONT></TD>


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<FONT SIZE=3><P ALIGN="JUSTIFY"></P>


<P><A NAME="OLE_LINK1">On October&nbsp;30, 2006, at a meeting of the Compensation Committee of the Board of Directors (the Committee) of The Charles Schwab Corporation (CSC), the Committee granted the following restricted stock and stock option awards under CSC's 2004 Stock Incentive Plan to certain named executive officers:</P>





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<FONT SIZE=3><P>&nbsp;</P>


<P>&nbsp;</P>


<P>Name and Principal Position</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">Number of Restricted Shares<SUP>(1)</SUP></FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">Number of Stock Options<SUP>(2)</SUP></FONT></TD>


</TR>


<TR><TD WIDTH="60%" VALIGN="TOP">


<FONT SIZE=3>


<P>Charles R. Schwab</P>


<P>Chairman and Chief Executive Officer</P>


</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P>&nbsp;</P>


<P ALIGN="RIGHT">-</FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">540,541</FONT></TD>


</TR>


<TR><TD WIDTH="60%" VALIGN="TOP">


<FONT SIZE=3><P>Walter W. Bettinger II</P>


<P>Executive Vice President and President -- Schwab Investor Services</P>


</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">41,842</FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">135,135</FONT></TD>


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<TR><TD WIDTH="60%" VALIGN="TOP">


<FONT SIZE=3><P>Christopher V. Dodds</P>


<P>Executive Vice President and Chief Financial Officer</P>


</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">27,895</FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">90,090</FONT></TD>


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<TR><TD WIDTH="60%" VALIGN="TOP">


<FONT SIZE=3><P>Deborah D. McWhinney</P>


<P>Executive Vice President and President -- Schwab Institutional</P>


</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">34,868</FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">112,613</FONT></TD>


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<TR><TD WIDTH="60%" VALIGN="TOP">


<FONT SIZE=3><P>Peter K. Scaturro</P>


<P>Executive Vice President and Chief Executive Officer, U.S. Trust</P>


</FONT></TD>


<TD WIDTH="21%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">30,684</FONT></TD>


<TD WIDTH="18%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="RIGHT">&nbsp;</P>


<P ALIGN="RIGHT">99,099</FONT></TD>


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<P>(1)&#9;The award vests in increments of 25% on November&nbsp;1, 2007, 2008, 2009, and 2010 based on CSC achieving a performance target related to return on equity for the one-year performance period ending on the day immediately prior to each vesting date. </P>





<P>(2)&#9;Each option vests 25% on each of the first, second, third, and fourth anniversary of the grant date and has a term of seven years.  Shares under the option have an exercise price of $19.186, which is 106% of the closing price of CSC's common stock on the date of grant ($18.10). </P>


</DIR>


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<U><FONT SIZE=3><P></A>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>


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<FONT FACE="CG Times (W1),Times New Roman" SIZE=2><P><A NAME="signatures"></P>





</FONT><B><FONT SIZE=4><P ALIGN="CENTER">Signature(s)</P>


</FONT><FONT SIZE=3><P ALIGN="CENTER"></P>


<P></A>&#9;</B>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.<BR>


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<TD WIDTH="54%" VALIGN="TOP">


<B><FONT SIZE=3><P ALIGN="CENTER">THE CHARLES SCHWAB CORPORATION</FONT><BR>


</B></TD>


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<FONT SIZE=3></FONT>


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<FONT SIZE=3><P>Date:  November&nbsp;2, 2006</FONT></TD>


<TD WIDTH="19%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="RIGHT">By:&nbsp;&nbsp;&nbsp;</FONT></TD>


<TD WIDTH="51%" VALIGN="TOP">


<U><FONT SIZE=3><P>/s/ Christopher V. Dodds&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT><B><BR>


</B><FONT SIZE=3>Christopher V. Dodds<BR>


Executive Vice President and Chief Financial Officer</FONT></TD>


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</FONT><B><P>&nbsp;</P></B></BODY>


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{"company-data": {"conformed-name": "SCHWAB CHARLES CORP", "cik": "0000316709", "assigned-sic": "6211", "irs-number": "943025021", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09700", "film-number": "061181636"}, "business-address": {"street1": "120 KEARNY STREET", "city": "SAN FRANCISCO", "state": "CA", "zip": "94104", "phone": "4156277000"}, "mail-address": {"street1": "101 MONTGOMERY ST", "city": "SAN FRANCISCO", "state": "CA", "zip": "94104"}}
Form 10-K 12/31/94
UNITED  STATES
SECURITIES  AND  EXCHANGE  COMMISSION
Washington, D.C.  20549
FORM  8-K
Current  Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2006
The Charles Schwab Corporation
(Exact name of registrant as specified in its charter)
Commission File Number:  1-9700
Delaware
(State or other jurisdiction
of incorporation)
94-3025021
(I.R.S. Employer
Identification No.)
120 Kearny Street, San Francisco, CA  94108
(Address of principal executive offices, including zip code)
(415) 636-7000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
On October 30, 2006, at a meeting of the Compensation Committee of the Board of Directors (the Committee) of The Charles Schwab Corporation (CSC), the Committee granted the following restricted stock and stock option awards under CSC's 2004 Stock Incentive Plan to certain named executive officers:
Name and Principal Position
Number of Restricted Shares
(1)
Number of Stock Options
(2)
Charles R. Schwab
Chairman and Chief Executive Officer
-
540,541
Walter W. Bettinger II
Executive Vice President and President -- Schwab Investor Services
41,842
135,135
Christopher V. Dodds
Executive Vice President and Chief Financial Officer
27,895
90,090
Deborah D. McWhinney
Executive Vice President and President -- Schwab Institutional
34,868
112,613
Peter K. Scaturro
Executive Vice President and Chief Executive Officer, U.S. Trust
30,684
99,099
(1)	The award vests in increments of 25% on November 1, 2007, 2008, 2009, and 2010 based on CSC achieving a performance target related to return on equity for the one-year performance period ending on the day immediately prior to each vesting date.
(2)	Each option vests 25% on each of the first, second, third, and fourth anniversary of the grant date and has a term of seven years.  Shares under the option have an exercise price of $19.186, which is 106% of the closing price of CSC's common stock on the date of grant ($18.10).
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE CHARLES SCHWAB CORPORATION
Date:  November 2, 2006
By:
/s/ Christopher V. Dodds
Christopher V. Dodds
Executive Vice President and Chief Financial Officer