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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16PT'>UNITED STATES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:16PT'>SECURITIES AND EXCHANGE COMMISSION</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>Washington, D.C. 20549</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><B><font style='font-size:16PT'>FORM 8-K</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font style='font-size:10PT'>CURRENT REPORT</font></B></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Pursuant To Section 13 or 15(d)</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>of the Securities Exchange Act of 1934</font></b></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>Date of Report (Date of earliest event reported): December 19, 2006</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:center;'><B><font style='font-size:18PT'>B</font><font style='font-size:16PT'>RANDYWINE
  OPERATING
  PARTNERSHIP, L.P.</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Exact name of issuer as specified in charter)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:13.5pt'>&nbsp;</font></p>

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                    <td align=center valign=top width="280"><b><font style='font-size:10pt'>Delaware </font></b><br>
<font style='font-size:10pt'>(State or Other </font><br>
<font style='font-size:10pt'>Jurisdiction </font><br>
<font style='font-size:10pt'>of Incorporation or </font><br>
<font style='font-size:10pt'>Organization)</font><br></td>
        <td align=center valign=top width="280"><b><font style='font-size:10pt'>000-24407</font></b><br>
            <font style='font-size:10pt'>(Commission</font><br>
<font style='font-size:10pt'>file</font><br>
      <font style='font-size:10pt'>number)</font><br>
<font style='font-size:10pt'>&nbsp;</font><br></td>
        <td align=center valign=top width="280"><b><font style='font-size:11pt'>23-2862640</font></b><br>
            <font style='font-size:10pt'>(I.R.S. Employer  </font><br>
<font style='font-size:10pt'>Identification</font><br>
      <font style='font-size:10pt'>Number)</font><br>
<font style='font-size:10pt'>&nbsp;</font><br></td>
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                    <td align=center valign=top width="280"><font style='font-size:10pt'>&nbsp;</font><br></td>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>555 East Lancaster Avenue, Suite 100</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font style='font-size:10pt'>Radnor, Pennsylvania 19087</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Address of principal executive offices)</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font style='font-size:10pt'>(610) 325-5600</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font style='font-size:10pt'>(Registrant&#146;s telephone number, including area code)</font></p>

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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>On December 19, 2006, our Compensation Committee approved amendments to our Executive Deferred Compensation Plan (the &#147;EDC Plan&#148;). We have attached a copy of the EDC Plan, as amended, as an exhibit to this Form 8-K.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>The amendments: (1) expand the forms of compensation that participating executives and trustees may elect to defer into the EDC Plan to include equity-based awards, (2) provide that amounts invested in a Brandywine common share fund (the &#147;Company Share Fund&#148;) available under the EDC Plan are payable to participants solely in the form of Brandywine common shares, (3) restrict the ability of participants to diversify the investment of amounts credited to the Company Share Fund, (4) permit participants to elect to receive dividends payable with respect to Company Share Fund credits currently in cash and (5) make technical amendments intended to conform the EDC Plan to the tax law requirements applicable to deferred compensation.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>The
    EDC Plan affords our participating executives and trustees the ability to
    defer a portion of their base salary and bonus (or, in the case of our trustees,
    annual retainer and Board fees) on a tax-deferred basis. In addition, participants
    may elect to defer the receipt of equity grants under our long-term incentive
    plans. Participants elect the timing and form of distribution. Distributions
    are payable in a lump sum or installments and may commence in-service, after
    a required minimum deferral period, or upon retirement. Participants elect
    the manner in which their accounts are deemed invested during the deferral
period.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>One of the deemed investment options, through the Company Share Fund, is a hypothetical investment fund consisting of our common shares. Because the EDC Plan is a &#147;nonqualified&#148; deferred compensation plan, we are not obligated to invest deferred amounts in the selected manner or to set aside any deferred amounts in trust. Effective for compensation deferred after 2006, all deferrals that are deemed invested in the Company Share Fund will continue to be deemed invested in the Company Share Fund until distribution and will not be eligible to be diversified into (i.e., transferred into) other investment funds. All deferred equity grants will be deemed invested in the Company Share Fund and all distributions of benefits attributable to Company Share Fund credits will be paid in the form of Brandywine common shares.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>In general, compensation subject to a deferral election, matching contributions and profit sharing contributions are not includible in a participant&#146;s taxable income for federal income tax purposes until the participant receives a distribution from the EDC Plan. We are not entitled to a deduction until such amounts are distributed.</font></p>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font style='font-size:10pt'>Item 9.01. Financial Statements and Exhibits.</font></b></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>10.1</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-Top:0pt;margin-bottom:0pt;'><font style='font-size:10pt'>Amended and Restated Executive Deferred Compensation Plan</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font style='font-size:10pt'>Signatures</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt; text-indent:10%;text-align:left;'><font style='font-size:10pt'>Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font style='font-size:10pt'>&nbsp;</font></p>


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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10PT'>B</font><font style='font-size:8PT'>RANDYWINE</font><font style='font-size:10pt'> O</font><font style='font-size:8PT'>PERATING</font><font style='font-size:10pt'> </font><font style='font-size:10PT'>P</font><font style='font-size:8PT'>ARTNERSHIP,</font><font style='font-size:10PT'> L.P., </font></p>

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10PT'>B</font><font style='font-size:8PT'>Y</font><font style='font-size:10pt'>: B</font><font style='font-size:8PT'>RANDYWINE</font><font style='font-size:10pt'> R</font><font style='font-size:8PT'>EALTY</font><font style='font-size:10pt'> T</font><font style='font-size:8PT'>RUST</font><font style='font-size:10pt'>, G</font><font style='font-size:8PT'>ENERAL</font><font style='font-size:10pt'> P</font><font style='font-size:8PT'>ARTNER</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br>
<font style='font-size:10pt'>Date: December 26, 2006</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>By:&nbsp;</font></p> </td>

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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <font style='font-size:10pt'>/s/ Gerard H. Sweeney</font></p> </td> </tr>
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<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>Gerard H. Sweeney</font></p>

<p style=' margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font style='font-size:10pt'>President and Chief Executive Office</font></p> </td> </tr></table>
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Prepared and Filed by St Ives Financial
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 19, 2006
B
RANDYWINE
  OPERATING
  PARTNERSHIP, L.P.
(Exact name of issuer as specified in charter)
Delaware
(State or Other
Jurisdiction
of Incorporation or
Organization)
000-24407
(Commission
file
number)
23-2862640
(I.R.S. Employer
Identification
Number)
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
(Address of principal executive offices)
(610) 325-5600
(Registrant's telephone number, including area code)
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On December 19, 2006, our Compensation Committee approved amendments to our Executive Deferred Compensation Plan (the "EDC Plan"). We have attached a copy of the EDC Plan, as amended, as an exhibit to this Form 8-K.
The amendments: (1) expand the forms of compensation that participating executives and trustees may elect to defer into the EDC Plan to include equity-based awards, (2) provide that amounts invested in a Brandywine common share fund (the "Company Share Fund") available under the EDC Plan are payable to participants solely in the form of Brandywine common shares, (3) restrict the ability of participants to diversify the investment of amounts credited to the Company Share Fund, (4) permit participants to elect to receive dividends payable with respect to Company Share Fund credits currently in cash and (5) make technical amendments intended to conform the EDC Plan to the tax law requirements applicable to deferred compensation.
The
    EDC Plan affords our participating executives and trustees the ability to
    defer a portion of their base salary and bonus (or, in the case of our trustees,
    annual retainer and Board fees) on a tax-deferred basis. In addition, participants
    may elect to defer the receipt of equity grants under our long-term incentive
    plans. Participants elect the timing and form of distribution. Distributions
    are payable in a lump sum or installments and may commence in-service, after
    a required minimum deferral period, or upon retirement. Participants elect
    the manner in which their accounts are deemed invested during the deferral
period.
One of the deemed investment options, through the Company Share Fund, is a hypothetical investment fund consisting of our common shares. Because the EDC Plan is a "nonqualified" deferred compensation plan, we are not obligated to invest deferred amounts in the selected manner or to set aside any deferred amounts in trust. Effective for compensation deferred after 2006, all deferrals that are deemed invested in the Company Share Fund will continue to be deemed invested in the Company Share Fund until distribution and will not be eligible to be diversified into (i.e., transferred into) other investment funds. All deferred equity grants will be deemed invested in the Company Share Fund and all distributions of benefits attributable to Company Share Fund credits will be paid in the form of Brandywine common shares.
In general, compensation subject to a deferral election, matching contributions and profit sharing contributions are not includible in a participant's taxable income for federal income tax purposes until the participant receives a distribution from the EDC Plan. We are not entitled to a deduction until such amounts are distributed.
Item 9.01. Financial Statements and Exhibits.
10.1
Amended and Restated Executive Deferred Compensation Plan
Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
B
RANDYWINE
O
PERATING
P
ARTNERSHIP,
L.P.,
B
Y
: B
RANDYWINE
R
EALTY
T
RUST
, G
ENERAL
P
ARTNER
Date: December 26, 2006
By:
/s/ Gerard H. Sweeney
Gerard H. Sweeney
President and Chief Executive Office