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  <TITLE> Capstead Mortgage Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 23, 2006
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  	Capstead Mortgage Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Maryland
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  	1-8996
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  	752027937
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	8401 North Central Expressway, Suite 800, Dallas, Texas
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  	75225
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	214-874-2323
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On February 23, 2006, Capstead Mortgage Corporation executed its Amended and Restated Deferred Compensation Plan effective January 1, 2005.
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibits.<br><br>    3.1   Deferred Compensation Plan as amended and restated effective January 1, 2005.<br>
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  	SIGNATURES
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  	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.
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  	Capstead Mortgage Corporation
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  	&nbsp;&nbsp;
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  <I>
  	February 23, 2006
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  	By:
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  <I>
  	/s/ Phillip A. Reinsch
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  	&nbsp;
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  <I>
  	Name: Phillip A. Reinsch
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  <I>
  	Title: Senior Vice President and Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	3.1
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  	&nbsp;
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  Deferred Compensation Plan as amended and restated effective January 1, 2005.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10461.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9988}]
metadata_filer: {"company-data": {"conformed-name": "CAPSTEAD MORTGAGE CORP", "cik": "0000766701", "assigned-sic": "6798", "irs-number": "752027937", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08896", "film-number": "06637924"}, "business-address": {"street1": "8401 NORTH CENTRAL EXPRESSWAY", "street2": "STE 800", "city": "DALLAS", "state": "TX", "zip": "75225", "phone": "2148742323"}, "mail-address": {"street1": "8401 NORTH CENTRAL EXPRESSWAY", "street2": "STE 800", "city": "DALLAS", "state": "TX", "zip": "75225"}, "former-company": {"former-conformed-name": "LOMAS MORTGAGE CORP", "date-changed": "19891105"}}
text: Capstead Mortgage Corporation (Form: 8-K)
  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):
  February 23, 2006
  Capstead Mortgage Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  1-8996
  752027937
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  8401 North Central Expressway, Suite 800, Dallas, Texas
  75225
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  214-874-2323
  Not Applicable
  ______________________________________________
  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:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On February 23, 2006, Capstead Mortgage Corporation executed its Amended and Restated Deferred Compensation Plan effective January 1, 2005.
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibits.
  3.1   Deferred Compensation Plan as amended and restated effective January 1, 2005.
  Top of the Form
  SIGNATURES
  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.
  Capstead Mortgage Corporation
  February 23, 2006
  By:
  /s/ Phillip A. Reinsch
  Name: Phillip A. Reinsch
  Title: Senior Vice President and Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  3.1
  Deferred Compensation Plan as amended and restated effective January 1, 2005.