Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
MARTIN MARIANO
  2. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE CO [PG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Global Cust. Bus. Dev. Officer
(Last)
(First)
(Middle)
ONE PROCTER AND GAMBLE PLAZA
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2006
(Street)

CINCINNATI, OH 45202
4. If Amendment, Date Original Filed(Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2006   M   11,910 A $ 20.2962 34,307.04 D  
Common Stock 01/31/2006   F   2,829 D $ 59.12 31,478.04 D  
Common Stock 01/31/2006   M   6,336 A $ 21.9407 37,814.04 D  
Common Stock 01/31/2006   F   1,470 D $ 59.12 36,344.04 D  
Common Stock 01/31/2006   M   8,270 A $ 29.8768 44,614.04 D  
Common Stock 01/31/2006   F   1,507 D $ 59.12 43,107.04 D  
Common Stock 01/31/2006   M   3,748 A $ 37.4778 46,855.04 D  
Common Stock 01/31/2006   F   544 D $ 59.12 46,311.04 D  
Common Stock 01/31/2006   M   9,600 A $ 37.4778 55,911.04 D  
Common Stock 01/31/2006   F   1,303 D $ 59.12 54,608.04 D  
Common Stock 01/31/2006   M   23,702 A $ 37.4778 78,310.04 D  
Common Stock 01/31/2006   F   3,133 D $ 59.12 75,177.04 D  
Common Stock               68 I by daughter Leticia (1)
Common Stock               68 I by daughter Sandra (2)
Common Stock               3,119.82 (3) I By Retirement Plan Trustees
Common Stock               68 I by son Ignacio (4)
Common Stock               68 I by son Jaime (5)
Common Stock               68 I by son Javier (6)
Common Stock               2,000 I by Trust (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock (8) 12/31/2005(9)   A V 0.47     (10)   (10) Common Stock 0.47 (11) 711.09 I By Retirement Plan Trustees
Stock Option (right to buy) $ 20.2962 01/31/2006   M     11,910 02/28/1997 03/01/2006 Common Stock 11,910 $ 20.2962 0 D  
Stock Option (right to buy) $ 21.9407 01/31/2006   M     6,336 07/09/1997 07/10/2006 Common Stock 6,336 $ 21.9407 0 D  
Stock Option (right to buy) $ 29.8768 01/31/2006   M     8,270 02/28/1998 02/28/2007 Common Stock 8,270 $ 29.8768 0 D  
Stock Option (right to buy) $ 37.4778 01/31/2006   M     3,748 07/09/1998 07/09/2007 Common Stock 3,748 $ 37.4778 0 D  
Stock Option (right to buy) $ 37.4778 01/31/2006   M     9,600 07/18/1998 07/09/2007 Common Stock 9,600 $ 37.4778 0 D  
Stock Option (right to buy) $ 37.4778 01/31/2006   M     23,702 07/18/1998 07/18/2007 Common Stock 23,702 $ 37.4778 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARTIN MARIANO
ONE PROCTER AND GAMBLE PLAZA
CINCINNATI, OH 45202
      Global Cust. Bus. Dev. Officer  

Signatures

 ADAM NEWTON as Attorney-In-Fact for Mariano Martin   02/02/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Mariano Martin and Leticia Martin Chocano joint tenants wth right of survivorship.
(2) Mariano Martin custodian for Sandra Martin Chocano under the Uniform Gift to Minors Act (UGMA).
(3) Balance as of 12/31/2005.
(4) Mariano Martin custodian for Ignacio Martin Chocano (UGMA).
(5) Mariano Martin custodian for Jaime Martin Chocano (UGMA).
(6) Mariano Martin custodian for Javier Martin Chocano (UGMA).
(7) The Mariano Martin Revocable Living Trust.
(8) Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.
(9) Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award provision for the period 10/1/0 5 through 12/31/05.
(10) 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.
(11) Series A Preferred Stock allocated to officer's Retirement Plan account pursuant to Retirement Plan provisions.

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