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
                                                                                  
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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 *

MCGRAW HAROLD III 		2. Issuer Name and Ticker or Trading Symbol

MCGRAW-HILL COMPANIES INC [ MHP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, President and CEO
(Last)          (First)          (Middle)

1221 AVENUE OF THE AMERICAS 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/6/2012
(Street)

NEW YORK, NY 10020-1095
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   1/6/2012     J (1)    582.1138   A $0.0000   1998799.5858   D    
Common Stock   1/6/2012     F (2)    19497.0000   D $0.0000   1979302.5858   D    
Common Stock                  1277739.0000   I   By The Harold W. McGraw III Trust  
Common Stock                  87803.0000   I   By Trust for Daughter  
Common Stock                  87803.0000   I   By Trust for Son  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Options (Right to Buy)   $47.8200                    2/3/2006   3/31/2013   Common Stock   298410.0000     298410.0000   D    
Options (Right to Buy)   $56.4300                    3/23/2006   3/31/2012   Common Stock   277637.0000     277637.0000   D    
Options (Right to Buy)   $56.4300                    3/23/2006   3/31/2014   Common Stock   167004.0000     167004.0000   D    
Options (Right to Buy)   $38.2200                    4/1/2005   3/31/2014   Common Stock   204000.0000     204000.0000   D    
Options (Right to Buy)   $43.2500                    4/1/2006   3/31/2015   Common Stock   334600.0000     334600.0000   D    
Options (Right to Buy)   $38.6700                    4/1/2009   3/31/2018   Common Stock   323662.0000     323662.0000   D    
Options (Right to Buy)   $22.9900                    4/1/2010   3/31/2019   Common Stock   323662.0000     323662.0000   D    
Options (Right to Buy)   $35.6000                    4/1/2011   3/31/2020   Common Stock   323662.0000     323662.0000   D    
Options (Right to Buy)   $39.1900                    4/1/2012   3/31/2021   Common Stock   222170.0000     222170.0000   D    
Options (Right to Buy)   $62.3400                    4/2/2008   4/1/2017   Common Stock   191670.0000     191670.0000   D    
Options (Right to Buy)   $57.8100                    4/3/2007   4/2/2016   Common Stock   196058.0000     196058.0000   D    

Explanation of Responses:
(1)  Includes shares acquired under The McGraw-Hill Companies Dividend Reinvestment Plan.
(2)  Withholding of shares of Common Stock under the McGraw-Hill Companies' 2002 Stock Incentive Plan to satisfy withholding obligation in transaction exempt under and complying with Rule 16b-3.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MCGRAW HAROLD III
1221 AVENUE OF THE AMERICAS
NEW YORK, NY 10020-1095 		X
Chairman, President and CEO

Signatures
/s/ Harold McGraw III 1/9/2012
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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