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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): December 3, 2008</B>

<P align="center">

<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)
</FONT>

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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>
</TR>
<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 width="49%">&nbsp;</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="justify" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">Camden Property Trust, a Texas real estate investment trust, has entered into an amendment to its Second Amended
and Restated Key Employee Share Option Plan and its Amended and Restated Non-Qualified Deferred Compensation Plan,
copies of which are attached hereto as Exhibit&nbsp;99.1 and 99.2, respectively, and incorporated herein by reference. The
purpose of the amendments was to, among other things, conform such plans with various provisions of Section&nbsp;409A of the
Internal Revenue Code of 1986, as amended, and the Treasury Regulations issued thereunder. The foregoing summary
description of the amendments is qualified in its entirety by reference to such amendments.


<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 valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<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">Amendment No.&nbsp;1 to Second Amended and Restated 2002 Camden Property
Trust Key Employee Share Option Plan, executed on December&nbsp;3, 2008 to
be effective as of January&nbsp;1, 2008</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment No.&nbsp;2 to Amended and Restated Camden Property Trust
Non-Qualified Deferred Compensation Plan, executed on December&nbsp;3,
2008 to be effective as of January&nbsp;1, 2008</TD>
</TR>
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<P align="center" style="font-size: 10pt; display: none">2
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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: December&nbsp;8, 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;</U><BR>
Michael P. Gallagher<BR>
Vice President &#151; Chief Accounting Officer<BR>


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<P align="center" style="font-size: 10pt">3




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

<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
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    <TD width="11%">&nbsp;</TD>
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    <TD width="84%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<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">Amendment No.&nbsp;1 to Second Amended and Restated 2002 Camden Property
Trust Key Employee Share Option Plan, executed on December&nbsp;3, 2008 to
be effective as of January&nbsp;1, 2008</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment No.&nbsp;2 to Amended and Restated Camden Property Trust
Non-Qualified Deferred Compensation Plan, executed on December&nbsp;3,
2008 to be effective as of January&nbsp;1, 2008</TD>
</TR>
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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": "081235821"}, "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): December 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 1.01 Entry into a Material Definitive Agreement.
Camden Property Trust, a Texas real estate investment trust, has entered into an amendment to its Second Amended
and Restated Key Employee Share Option Plan and its Amended and Restated Non-Qualified Deferred Compensation Plan,
copies of which are attached hereto as Exhibit 99.1 and 99.2, respectively, and incorporated herein by reference. The
purpose of the amendments was to, among other things, conform such plans with various provisions of Section 409A of the
Internal Revenue Code of 1986, as amended, and the Treasury Regulations issued thereunder. The foregoing summary
description of the amendments is qualified in its entirety by reference to such amendments.
Item 9.01. Financial Statements and Exhibits.
(c)
Exhibits
.
Exhibit
Number
Title
99.1
Amendment No. 1 to Second Amended and Restated 2002 Camden Property
Trust Key Employee Share Option Plan, executed on December 3, 2008 to
be effective as of January 1, 2008
99.2
Amendment No. 2 to Amended and Restated Camden Property Trust
Non-Qualified Deferred Compensation Plan, executed on December 3,
2008 to be effective as of January 1, 2008
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: December 8, 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
Amendment No. 1 to Second Amended and Restated 2002 Camden Property
Trust Key Employee Share Option Plan, executed on December 3, 2008 to
be effective as of January 1, 2008
99.2
Amendment No. 2 to Amended and Restated Camden Property Trust
Non-Qualified Deferred Compensation Plan, executed on December 3,
2008 to be effective as of January 1, 2008