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 *
  Steele Robert Allan
 2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2007		 3. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE CO [PG]
(Last)
(First)
(Middle)
ONE PROCTER AND GAMBLE PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chair-Global H and WB
 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 73,105.608
D
 
Common Stock 25,196.907
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   (1)   (1) Common Stock 11,954.0026 $ 0 (2) I By Retirement Plan Trustees
Stock Option (right to buy) 02/26/2002 02/26/2014 Common Stock 10,074 $ 44.2656 D  
Stock Option (right to buy) 09/15/2002 09/15/2014 Common Stock 23,886 $ 49.4759 D  
Stock Option (right to buy) 07/10/2003 07/10/2015 Common Stock 11,736 $ 27.4459 D  
Stock Option (right to buy) 09/15/2003 09/15/2015 Common Stock 64,500 $ 31.0118 D  
Stock Option (right to buy) 09/24/2004 09/24/2016 Common Stock 4,668 $ 34.5688 D  
Stock Option (right to buy) 09/13/2005 09/13/2012 Common Stock 7,404 $ 45.6625 D  
Stock Option (right to buy) 09/13/2005 09/13/2012 Common Stock 82,126 $ 45.6625 D  
Stock Option (right to buy) 09/24/2004 09/24/2016 Common Stock 94,028 $ 34.5688 D  
Stock Option (right to buy) 09/15/2006 09/15/2013 Common Stock 29,460 $ 45.97 D  
Stock Option (right to buy) 02/27/2007 02/27/2014 Common Stock 77,800 $ 51.415 D  
Stock Option (right to buy) 02/27/2007 02/27/2014 Common Stock 38,900 $ 51.415 D  
Stock Option (right to buy) 09/15/2007 09/15/2014 Common Stock 8,262 $ 56.515 D  
Stock Option (right to buy) 02/28/2008 02/28/2015 Common Stock 93,293 $ 53.595 D  
Stock Option (right to buy) 02/28/2009 02/28/2016 Common Stock 82,645 $ 60.5 D  
Stock Option (right to buy) 02/28/2010 02/28/2017 Common Stock 94,504 $ 63.49 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Steele Robert Allan
ONE PROCTER AND GAMBLE PLAZA
CINCINNATI, OH 45202		       Vice Chair-Global H and WB  

Signatures

/s/ Jason P. Muncy as Attorney-in-Fact for ROBERT A. STEELE 07/11/2007
**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) Shares held by Retirement Plan Trustees. If officer terminates employment and elects distribution of shares, or, if after age 50 elects alternative investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.
(2) Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.

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