Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Nagrath Moheet
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2008		 3. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE CO [PG]
(Last)
(First)
(Middle)
ONE PROCTER AND GAMBLE PLAZAONE PROCTER		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Global Human Resources Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CINCINNATI, OH 45202		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,359.093
D
 
Common Stock 60
I
By MN Rev. Trust (1)
Common Stock 5,177.8086
I
By Retirement Plan Trustees

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock   (2)   (2) Common Stock 1,501.075 $ 0 (3) I By Retirement Plan Trustees
Stock Option (right to buy) 07/09/1999 07/09/2008 Common Stock 556 $ 45.2129 D  
Stock Option (right to buy) 02/26/2002 02/26/2014 Common Stock 4,094 $ 44.2656 D  
Stock Option (right to buy) 07/09/2002 07/09/2014 Common Stock 1,058 $ 42.7329 D  
Stock Option (right to buy) 09/15/2002 09/15/2014 Common Stock 9,620 $ 49.4759 D  
Stock Option (right to buy) 07/10/2003 07/10/2015 Common Stock 4,540 $ 27.4459 D  
Stock Option (right to buy) 09/15/2003 09/15/2015 Common Stock 22,184 $ 31.0118 D  
Stock Option (right to buy) 09/24/2004 09/24/2016 Common Stock 31,212 $ 34.5688 D  
Stock Option (right to buy) 09/13/2005 09/13/2012 Common Stock 35,996 $ 45.6625 D  
Stock Option (right to buy) 02/27/2007 02/27/2014 Common Stock 58,374 $ 51.415 D  
Stock Option (right to buy) 02/28/2008 02/28/2015 Common Stock 52,539 $ 53.595 D  
Stock Option (right to buy) 02/28/2009 02/28/2016 Common Stock 55,372 $ 60.5 D  
Stock Option (right to buy) 02/28/2010 02/28/2017 Common Stock 56,702 $ 63.49 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nagrath Moheet
ONE PROCTER AND GAMBLE PLAZAONE PROCTER
CINCINNATI, OH 45202		       Global Human Resources Officer  

Signatures

Jason P. Muncy as Attorney-In-Fact for MOHEET NAGRATH 01/04/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) By M. Nagrath Revocable Trust dated 5/17/2000.
(2) Shares held by Retirement Plan Trustees. If officer terminates employment and elects distribution of shares, or, if after age 50 elects alternate investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.
(3) Series A Preferred Stock allocated to officer's Retirement Plan account pursuant to Retirement Plan provisions.

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