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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): November 3, 2008</B>

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<P align="center" style="font-size: 24pt"><B>CAMDEN PROPERTY TRUST<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD style="border-bottom: 1px solid #000000"><B>Texas</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-12110</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>76-6088377</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Three Greenway Plaza, Suite 1300, Houston, Texas<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>77046</B></TD>
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<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(713) 354-2500</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not applicable<BR></B></TD>
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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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 align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On November&nbsp;3, 2008, Camden Property Trust (the &#147;Company&#148;) entered into a second amended and restated employment
agreement (the &#147;Restated Agreement&#148;) with H. Malcolm Stewart, the Company&#146;s Chief Operating Officer, which amends and
restates the current employment agreement entered into by the parties. The Restated Agreement updates Mr.&nbsp;Stewart&#146;s
annual salary and provides Mr.&nbsp;Stewart with a severance payment equal to 2.99 times the greater of his current annual
compensation or average annual compensation over the previous three fiscal years in connection with a change in control
of the Company. The other material terms of Mr.&nbsp;Stewart&#146;s employment with the Company remain the same.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The above summary of the material terms of the Restated Agreement is qualified in its entirety by reference to the
complete text of the Restated Agreement filed herewith as Exhibit&nbsp;99.1 and is incorporated in this Item&nbsp;5.02 by
reference.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>


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    <TD width="3%" nowrap align="left">(c)</TD>
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    <TD><DIV style="text-align: justify"><I>Exhibits</I>.</DIV></TD>
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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Employment Agreement, dated
November&nbsp;3, 2008, between Camden Property Trust and H. Malcolm
Stewart.</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">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.


<P align="justify" style="font-size: 10pt">Date: November&nbsp;4, 2008


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">CAMDEN PROPERTY TRUST


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">By: <U><B>/</B>s/ Michael P. Gallagher&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><BR>
Michael P. Gallagher<BR>
Vice President &#151; Chief Accounting Officer<BR>


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<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
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<TR valign="bottom">
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amended and Restated Employment Agreement, dated
November&nbsp;3, 2008, between Camden Property Trust and H. Malcolm
Stewart.</TD>
</TR>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




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{"company-data": {"conformed-name": "CAMDEN PROPERTY TRUST", "cik": "0000906345", "assigned-sic": "6798", "irs-number": "766088377", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12110", "film-number": "081161689"}, "business-address": {"street1": "3 GREENWAY PLAZA", "street2": "SUITE 1300", "city": "HOUSTON", "state": "TX", "zip": "77046", "phone": "7133542500"}, "mail-address": {"street1": "3 GREENWAY PLAZA", "street2": "SUITE 1300", "city": "HOUSTON", "state": "TX", "zip": "77046"}}
Filed by Bowne Pure Compliance
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 3, 2008
CAMDEN PROPERTY TRUST
(Exact name of registrant as specified in its charter)
Texas
1-12110
76-6088377
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
Three Greenway Plaza, Suite 1300, Houston, Texas
77046
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(713) 354-2500
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:
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On November 3, 2008, Camden Property Trust (the "Company") entered into a second amended and restated employment
agreement (the "Restated Agreement") with H. Malcolm Stewart, the Company's Chief Operating Officer, which amends and
restates the current employment agreement entered into by the parties. The Restated Agreement updates Mr. Stewart's
annual salary and provides Mr. Stewart with a severance payment equal to 2.99 times the greater of his current annual
compensation or average annual compensation over the previous three fiscal years in connection with a change in control
of the Company. The other material terms of Mr. Stewart's employment with the Company remain the same.
The above summary of the material terms of the Restated Agreement is qualified in its entirety by reference to the
complete text of the Restated Agreement filed herewith as Exhibit 99.1 and is incorporated in this Item 5.02 by
reference.
Item 9.01. Financial Statements and Exhibits.
(c)
Exhibits
.
Exhibit Number
Title
99.1
Second Amended and Restated Employment Agreement, dated
November 3, 2008, between Camden Property Trust and H. Malcolm
Stewart.
2
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.
Date: November 4, 2008
CAMDEN PROPERTY TRUST
By:
/
s/ Michael P. Gallagher
Michael P. Gallagher
Vice President — Chief Accounting Officer
3
EXHIBIT INDEX
Exhibit Number
Title
99.1
Second Amended and Restated Employment Agreement, dated
November 3, 2008, between Camden Property Trust and H. Malcolm
Stewart.