UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2008

If amended report check here:

Institutional Investment Manager Filing This Report:
Name:                                                Travelers Companies, Inc.
Address:                                             385 Washington Street
                                                     St. Paul, MN  55102-1396

13F File Number:                                     28-62

The Institutional Investment Manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct, and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:

Name:                                                Wendy Skjerven
Title:                                               Deputy Corporate Secretary
Phone:                                               (651) 310-6748

Signature, Place and Date of signing:

/s/ Wendy Skjerven, St. Paul, Minnesota, August 14, 2008

Report Type (Check only one.):

[ X ]  13F HOLDINGS REPORT
[   ]  13F NOTICE
[   ]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.


                              FORM 13F SUMMARY PAGE

Report Summary:


                                                                   
Number of Other Included Managers:                                            1
Form 13F Information Table Entry Total:                                      68
Form 13F Information Table Value Total:                                 161,426


List of Other Included Managers:



No.            13F Filing Number     Name
---            -----------------     ----
                              
01             28-29                 ST. PAUL FIRE AND MARINE INSURANCE COMPANY





                                                                          FORM 13F INFORMATION TABLE

                                         TITLE OF  CUSIP     VALUE    SHARES      SH/ PUT/ INVESTMT OTHER    VOTING  AUTHORITY
NAME OF ISSUER                             CLASS             (X$1000) PRN/AMT     PRN CALL DSCRETN  MANAGERS SOLE      SHARED   NONE
--------------                           --------  -----     -----    ------      --- ---- -------- -------- ------  ---------  ----
                                                                                               
 AT&T INC                                  COMM    00206R102     455      13,500  SH       SHARED                        13,500
 ALLIANCE HOLDINGS GP LP                   COMM    01861G100   1,073      36,000  SH       SHARED                        36,000
 ALLIANCE BERNSTEIN HOLDING LP             COMM    01881G106     547      10,000  SH       SHARED                        10,000
 BLACKROCK MUNIYIELD QUALITY FUND II       COMM    09254G108      18       1,600  SH       SHARED                         1,600
 BUCKEYE PARTNERS LP                       COMM    118230101     834      19,500  SH       SHARED                        19,500
 CIT GROUP INC 8.75%  SER C                PREF    125581603   2,277      55,700  SH       SHARED                        55,700
 CAVIUM NETWORKS INC                       COMM    14965A101     506      24,082  SH       SHARED                        24,082
 CEDAR FAIR LP                             COMM    150185106     752      40,000  SH       SHARED                        40,000
 CINCINNATI BELL INC PFD STK               PREF    171871403       4         100  SH       SHARED                           100
 CROSSTEX ENERGY INC                       COMM    22765Y104     312       9,000  SH       SHARED                         9,000
 DATA DOMAIN INC                           COMM    23767P109      30       1,274  SH       SHARED                         1,274
 DEXCOM INC                                COMM    252131107     582      96,430  SH       SHARED                        96,430
 DYAX  CORP                                COMM    26746E103       1         255  SH       SHARED                           255
 EV ENERGY PARTNER LP                      COMM    26926V107   2,352      81,035  SH       SHARED                        81,035
 EL PASO PIPELINE PARTNERS LP              COMM    283702108     951      46,000  SH       SHARED                        46,000
 ENBRIDGE ENERGY PARTNERS LP               COMM    29250R106   4,176      83,000  SH       SHARED                        83,000
 ENERGY TRANSFER EQUITY LP                 COMM    29273V100   1,739      60,000  SH       SHARED                        60,000
 ENTERPRISE GP HOLDINGS LP                 COMM    293716106     722      24,000  SH       SHARED                        24,000
 ENTERPRISE PRODUCTS PARTNERS LP           COMM    293792107   6,661     225,500  SH       SHARED                       225,500
 EXTERRAN PARTNERS LP                      COMM    30225N105     484      15,600  SH       SHARED                        15,600
 (R) FANNIE MAE                            COMM    313586109       2         101  SH       SHARED                           101
 FIBERTOWER CORP                           COMM    31567R100      34      24,459  SH       SHARED                        24,459
 GENERAL MOTORS 1.5% CONVRDM               PREF    370442691     131       6,100  SH       SHARED                         6,100
 GENERAL MOTORS CORP SER C 6.25%           PREF    370442717   1,730     130,300  SH       SHARED                       130,300
 GENVEC INC                                COMM    37246C109     330     229,380  SH       SHARED                       229,380
 HANSEN MEDICAL INC                        COMM    411307101      61       3,626  SH       SHARED                         3,626
 IKANOS COMMUNICATIONS INC                 COMM    45173E105       5       1,352  SH       SHARED                         1,352
 INFINERA CORP                             COMM    45667G103      94      10,664  SH       SHARED                        10,664
 KINDER MORGAN MANAGMENT LLC               COMM    49455U100   6,685     124,132  SH       SHARED                       124,132
 LEGG MASON INC 7.00% 06/30/11             PREF    524901303     441      10,500  SH       SHARED                        10,500
 LEHMAN BROTHERS HLDG 7.25% SER P CONVRDM  PREF    52523J453   1,090       1,360  SH       SHARED                         1,360
 MAGELLAN MIDSTREAM PARTNERS LP            COMM    559080106   4,217     118,500  SH       SHARED                       118,500
 MARKWEST ENERGY PARTNERS LP               COMM    570759100   4,464     125,240  SH       SHARED                       125,240
 MEDIWARE INFORMATION SYSTEMS              COMM    584946107     679     116,110  SH       SHARED                       116,110
 NATL WESTMINSTER BK PLC SER C             PREF    638539882  12,478     575,000  SH       SHARED                       575,000
 NATURAL RESOURCE PARTNERS LP              COMM    63900P103   1,483      36,000  SH       SHARED                        36,000
 NUSTAR ENERGY LP                          COMM    67058H102   2,512      53,000  SH       SHARED                        53,000
 NUSTAR GP HOLDINGS LLC                    COMM    67059L102   1,625      75,000  SH       SHARED                        75,000
 OCCAM NETWORKS INC                        COMM    67457P309       2         552  SH       SHARED                           552
 ONEOK PARTNERS LP                         COMM    68268N103   4,712      84,300  SH       SHARED                        84,300
 PENN VIRGINIA GP HOLDINGS LP              COMM    70788P105   1,049      32,000  SH       SHARED                        32,000
 PLAINS ALL AMER PIPELINE LP               COMM    726503105   5,833     129,300  SH       SHARED                       129,300
 PROGRESS ENERGY INC                       COMM    743263105   1,987      47,500  SH       SHARED                        47,500
 PRUDENTIAL FINANCIAL INC                  COMM    744320102     135       2,265  SH       SHARED                         2,265
 REGENCY ENERGY PARTNERS LP                COMM    75885Y107   1,459      60,000  SH       SHARED                        60,000
 ROYAL BK OF SCOTLAND PLC PFD 6.25% SER P  PREF    780097762   1,387      80,000  SH       SHARED                        80,000
 SCANA CORP                                COMM    80589M102   3,145      85,000  SH       SHARED                        85,000
 SCHERING-PLOUGH 6.00%   8/13/10 SERIES    PREF    806605705   1,092       5,700  SH       SHARED                         5,700
 SEMGROUP ENERGY PARTNERS LP               COMM    81662W108   1,419      56,000  SH       SHARED                        56,000
 SMURFIT STONE 2/15/12 SER A CONV 7.00%    PREF    832727200     115       6,400  SH       SHARED                         6,400
 SOUTHERN COMPANY                          COMM    842587107   2,340      67,000  SH       SHARED                        67,000
 SPACEHAB INC                              COMM    846243400       9      15,700  SH       SHARED                        15,700
 SPECTRA ENERGY PARTNERS LP                COMM    84756N109     599      26,000  SH       SHARED                        26,000
 STONEMOR PARTNERS LP                      COMM    86183Q100     245      14,000  SH       SHARED                        14,000
 SUNOCO LOGISTICS PARTNERS LP              COMM    86764L108   2,035      43,400  SH       SHARED                        43,400
 TEPPCO PARTNERS LP                        COMM    872384102   3,966     119,500  SH       SHARED                       119,500
 TARGA RESOURCES PARTNERS LP               COMM    87611X105     484      21,000  SH       SHARED                        21,000
 TRANSDIGM GROUP INC                       COMM    893641100     494      14,720  SH       SHARED                        14,720
 TRANSMONTAIGNE PARTNERS LP                COMM    89376V100     567      21,000  SH       SHARED                        21,000
 THE TRAVELERS COMPANIES INC               COMM    89417E109  34,616     797,600  SH       SOLE              797,600
 US BANCORP                                COMM    902973304   2,998     107,500  SH       SHARED                       107,500
 VERIZON COMMUNICATIONS INC                COMM    92343V104     991      28,000  SH       SHARED                        28,000
 WACHOVIA CORP                             COMM    929903102     745      48,000  SH       SHARED                        48,000
 WACHOVIA CORP 7.5% SER L CONVRDM          PREF    929903219     705         800  SH       SHARED                           800
 WESTERN GAS PARTNERS LP                   COMM    958254104     354      21,000  SH       SHARED                        21,000
 WORLD WRESTLING ENTERTAINMENT INC         COMM    98156Q108     371      24,000  SH       SHARED                        24,000
 XCEL ENERGY INC                           COMM    98389B100   2,449     122,000  SH       SHARED                       122,000
 MAX CAPITAL GROUP LTD                     COMM    G6052F103  22,585   1,058,833  SH       SHARED                     1,058,833