MCGRAW-HILL COMPANIES INC (Form: 3/A, Received: 01/03/2007 10:42:35)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*
Marcus Bruce D
2. Date of Event Requiring Statement (MM/DD/YYYY) 12/6/2006
3. Issuer Name and Ticker or Trading Symbol
MCGRAW-HILL COMPANIES INC [MHP]

(Last)        (First)        (Middle)
1221 AVENUE OF THE AMERICAS
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
EVP, Chief Information Officer /

(Street)
NEW YORK, NY 100201095

(City)              (State)              (Zip) 5. If Amendment, Date Original Filed (MM/DD/YYYY)

12/7/2006
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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 9459 ⁽¹⁾ D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security
(Instr. 4) 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 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

Options (Right to Buy) 4/1/2005 ⁽²⁾ 3/31/2014 Common Stock 5565 $38.22 D

Options (Right to Buy) 9/1/2005 ⁽²⁾ 8/31/2014 Common Stock 2070 $38.08 D

Options (Right to Buy) 4/1/2006 ⁽²⁾ 3/31/2015 Common Stock 22000 $43.25 D

Options (Right to Buy) 4/3/2007 ⁽²⁾ 4/2/2016 Common Stock 13289 $57.81 D

Explanation of Responses:

(1) Amount of Securities Beneficially owned has been amended to correct a clerical error that resulted in an underreporting of 2,277 shares.

(2) The option becomes exercisable 50% on the first anniversary of the grant and 50% on the second anniversary of the grant.

Reporting Owners

Reporting Owner Name / Address Relationships

Director 10% Owner Officer Other

Marcus Bruce D
1221 AVENUE OF THE AMERICAS
NEW YORK, NY 100201095

EVP, Chief Information Officer

Signatures

/s/ Marcus, Bruce D 12/7/2006

^** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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	9459 ⁽¹⁾	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options (Right to Buy)	4/1/2005 ⁽²⁾	3/31/2014	Common Stock	5565	$38.22	D
Options (Right to Buy)	9/1/2005 ⁽²⁾	8/31/2014	Common Stock	2070	$38.08	D
Options (Right to Buy)	4/1/2006 ⁽²⁾	3/31/2015	Common Stock	22000	$43.25	D
Options (Right to Buy)	4/3/2007 ⁽²⁾	4/2/2016	Common Stock	13289	$57.81	D

Explanation of Responses:
(1)	Amount of Securities Beneficially owned has been amended to correct a clerical error that resulted in an underreporting of 2,277 shares.
(2)	The option becomes exercisable 50% on the first anniversary of the grant and 50% on the second anniversary of the grant.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Marcus Bruce D 1221 AVENUE OF THE AMERICAS NEW YORK, NY 100201095			EVP, Chief Information Officer

Signatures
/s/ Marcus, Bruce D		12/7/2006
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.