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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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  	November 10, 2006
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  	Cabot Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	1-5667
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  	04-2271897
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	Two Seaport Lane, Suite 1300, Boston, Massachusetts
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  	02210-2019
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	617-345-0100
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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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  [&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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  On November 10, 2006, the Compensation Committee of the Board of Directors (the "Committee") of Cabot Corporation ("Cabot") approved annual short-term incentive compensation awards for fiscal year 2006 for Cabot&#x2019;s executive officers.  The awards are not made pursuant to a written plan or arrangement but are based on an evaluation of performance against objectives that were set at the beginning of fiscal year 2006.  The performance objectives included Company-wide, business unit and functional area goals, as well as individual performance goals.  In assessing performance against objectives, the Committee considered actual results against the specific deliverables associated with each objective and business plan, the complexities inherent in each objective, the level of achievement against the objectives and market conditions.  The Committee then made an overall assessment and judgment about each executive officer's performance and considered prior year awards, internal equity, and the overall market competitiveness of such individual's total cash and total compensation to determine the amount of the incentive bonus award.<br><br>Cabot&#x2019;s principal executive officer, principal financial officer and the named executive officers disclosed in Cabot&#x2019;s proxy statement for the 2006 Annual Meeting of Stockholders received the following awards:<br><br><br>Name and Principal Position						Amount<br><br>Kennett F. Burnes, 							$650,000<br>Chairman, President and CEO<br><br>Jonathan P. Mason							$150,000<br>Executive Vice President and Chief Financial Officer<br><br>Dirk L. Blevi								$150,000<br>Executive Vice President and General Manager, Europe<br><br>William J. Brady							$100,000<br>Executive Vice President and General Manager, Carbon Black<br><br>Brian A. Berube								$150,000<br>Vice President and General Counsel<br><br>Eduardo E. Cordeiro							$150,000<br>Vice President and General Manager, Supermetals<br>	<br>						<br><br><br><br><br><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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  	Cabot Corporation
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  	&nbsp;&nbsp;
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  <I>
  	November 16, 2006
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  	By:
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  <I>
  	/s/ Brian A. Berube
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  	Name: Brian A. Berube
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  	Title: Vice President and General Counsel
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16443.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10337}]
metadata_filer: {"company-data": {"conformed-name": "CABOT CORP", "cik": "0000016040", "assigned-sic": "2890", "irs-number": "042271897", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05667", "film-number": "061223791"}, "business-address": {"street1": "TWO SEAPORT LANE SUITE 1300", "city": "BOSTON", "state": "MA", "zip": "02109-1806", "phone": "6173450100"}, "mail-address": {"street1": "TWO SEAPORT LANE SUITE 1300", "city": "BOSTON", "state": "MA", "zip": "82109"}, "former-company": {"former-conformed-name": "CABOT GODFREY L INC", "date-changed": "19680418"}}
text: Cabot 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):
  November 10, 2006
  Cabot Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  1-5667
  04-2271897
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  Two Seaport Lane, Suite 1300, Boston, Massachusetts
  02210-2019
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  617-345-0100
  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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On November 10, 2006, the Compensation Committee of the Board of Directors (the "Committee") of Cabot Corporation ("Cabot") approved annual short-term incentive compensation awards for fiscal year 2006 for Cabot's executive officers.  The awards are not made pursuant to a written plan or arrangement but are based on an evaluation of performance against objectives that were set at the beginning of fiscal year 2006.  The performance objectives included Company-wide, business unit and functional area goals, as well as individual performance goals.  In assessing performance against objectives, the Committee considered actual results against the specific deliverables associated with each objective and business plan, the complexities inherent in each objective, the level of achievement against the objectives and market conditions.  The Committee then made an overall assessment and judgment about each executive officer's performance and considered prior year awards, internal equity, and the overall market competitiveness of such individual's total cash and total compensation to determine the amount of the incentive bonus award.
  Cabot's principal executive officer, principal financial officer and the named executive officers disclosed in Cabot's proxy statement for the 2006 Annual Meeting of Stockholders received the following awards:
  Name and Principal Position						Amount
  Kennett F. Burnes, 							$650,000
  Chairman, President and CEO
  Jonathan P. Mason							$150,000
  Executive Vice President and Chief Financial Officer
  Dirk L. Blevi								$150,000
  Executive Vice President and General Manager, Europe
  William J. Brady							$100,000
  Executive Vice President and General Manager, Carbon Black
  Brian A. Berube								$150,000
  Vice President and General Counsel
  Eduardo E. Cordeiro							$150,000
  Vice President and General Manager, Supermetals
  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.
  Cabot Corporation
  November 16, 2006
  By:
  /s/ Brian A. Berube
  Name: Brian A. Berube
  Title: Vice President and General Counsel