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  <TITLE> The Williams Companies, Inc. (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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  	August 2, 2006
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  	The Williams Companies, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	1-4174
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  	73-0569878
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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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  	One Williams Center, Tulsa, Oklahoma
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  	&nbsp;
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  	74172
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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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  	&nbsp;
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  	918-573-2000
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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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  <B>
  	Item 7.01 Regulation FD Disclosure.
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  On August 2, 2006, The Williams Companies, Inc. ("Williams") announced that it will record a nonrecurring, after-tax charge of approximately $54 million in the second quarter of 2006 as a result of jury verdicts returned earlier this week against two of its subsidiaries. <br><br>The verdicts were returned in civil litigation that Williams has disclosed previously in its filings with the Securities and Exchange Commission.<br><br>The amount of the 2006 second quarter pre-tax charge represents Williams&#x2019; estimate of the potential future exposure for actual damages of $68 million and potential pre-judgment interest of approximately $20 million.<br><br>It is reasonably possible that any ultimate judgment may include approximately $185 million in excess of the 2006 second quarter charge. The latter amount represents Williams' estimate of potential punitive damage exposure under Texas law.<br><br>The jury verdicts are subject to trial and appellate court review. Entry of a judgment in the trial court is expected later in the third or fourth quarter of 2006. If the trial court enters a judgment consistent with the jury&#x2019;s verdicts against the company&#x2019;s subsidiaries, Williams indicated that it would seek a reversal through appeal.<br><br>A copy of Williams' press release publicly reporting the jury verdicts is furnished herewith as Exhibit 99.1 and is incorporated herein.<br><br>The press release is being furnished pursuant to Item 7.01, Regulation FD Disclosure. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
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  	Item 9.01 Financial Statements and Exhibits.
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  (a)  None<br>(b)  None<br>(c)  Exhibits:<br><br>Exhibit 99.1   Copy of Williams' press release dated August 2, 2006, publicly reporting the jury verdicts as discussed herein.<br><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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  	The Williams Companies, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	August 2, 2006
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  	&nbsp;
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  <I>
  	By:
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  <I>
  	Brian K. Shore
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  	&nbsp;
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  <I>
  	Name: Brian K. Shore
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  <I>
  	Title: Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  Copy of Williams' press release dated August 2, 2006, publicly reporting the jury verdicts as discussed herein.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14105.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11636}]
metadata_filer: {"company-data": {"conformed-name": "WILLIAMS COMPANIES INC", "cik": "0000107263", "assigned-sic": "4922", "irs-number": "730569878", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04174", "film-number": "06997714"}, "business-address": {"street1": "ONE WILLIAMS CTR", "city": "TULSA", "state": "OK", "zip": "74172", "phone": "9185732000"}, "mail-address": {"street1": "ONE WILLIAM CENTER", "city": "TULSA", "state": "OK", "zip": "74172"}, "former-company": {"former-conformed-name": "WILLIAMS BROTHERS COMPANIES", "date-changed": "19710817"}}
text: The Williams Companies, Inc. (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):
  August 2, 2006
  The Williams Companies, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  1-4174
  73-0569878
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  One Williams Center, Tulsa, Oklahoma
  74172
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  918-573-2000
  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 7.01 Regulation FD Disclosure.
  On August 2, 2006, The Williams Companies, Inc. ("Williams") announced that it will record a nonrecurring, after-tax charge of approximately $54 million in the second quarter of 2006 as a result of jury verdicts returned earlier this week against two of its subsidiaries.
  The verdicts were returned in civil litigation that Williams has disclosed previously in its filings with the Securities and Exchange Commission.
  The amount of the 2006 second quarter pre-tax charge represents Williams' estimate of the potential future exposure for actual damages of $68 million and potential pre-judgment interest of approximately $20 million.
  It is reasonably possible that any ultimate judgment may include approximately $185 million in excess of the 2006 second quarter charge. The latter amount represents Williams' estimate of potential punitive damage exposure under Texas law.
  The jury verdicts are subject to trial and appellate court review. Entry of a judgment in the trial court is expected later in the third or fourth quarter of 2006. If the trial court enters a judgment consistent with the jury's verdicts against the company's subsidiaries, Williams indicated that it would seek a reversal through appeal.
  A copy of Williams' press release publicly reporting the jury verdicts is furnished herewith as Exhibit 99.1 and is incorporated herein.
  The press release is being furnished pursuant to Item 7.01, Regulation FD Disclosure. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
  Item 9.01 Financial Statements and Exhibits.
  (a)  None
  (b)  None
  (c)  Exhibits:
  Exhibit 99.1   Copy of Williams' press release dated August 2, 2006, publicly reporting the jury verdicts as discussed herein.
  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.
  The Williams Companies, Inc.
  August 2, 2006
  By:
  Brian K. Shore
  Name: Brian K. Shore
  Title: Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Copy of Williams' press release dated August 2, 2006, publicly reporting the jury verdicts as discussed herein.