FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

Berman Bobby

2. Date of Event Requiring Statement (MM/DD/YYYY)
2/2/2007 

3. Issuer Name and Ticker or Trading Symbol

CULLEN FROST BANKERS INC [CFR]

(Last)        (First)        (Middle)

100 WEST HOUSTON STREET

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Group Executive Vice President /

(Street)

SAN ANTONIO, TX 78205       

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

2/12/2007 

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, $0.01 par var value   18483   D    
Common Stock, $0.01 par value   14694   I   Through 401(k) Plan  

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
Employee Stock Option (right to buy)   10/22/2004   10/22/2007   Common Stock   15000   $24.12   D    
Employee Stock Option (right to buy)   11/5/2005   11/5/2008   Common Stock   3700   $33.30   D    
Employee Stock Option (right to buy)   10/1/2006   10/1/2009   Common Stock   5500   $38.12   D    
Employee Stock Option (right to buy)     (1) 10/12/2010   Common Stock   5500   $47.40   D    
Employee Stock Option (right to buy)     (2) 10/19/2015   Common Stock   7900   $50.01   D    
Employee Stock Option (right to buy)     (3) 10/24/2016   Common Stock   7900   $57.88   D    

Explanation of Responses:
( 1)  100% vesting at three (3) years from Grant Date of 10-12-2004.
( 2)  Vest 25% per year from Grant Date of 10/19/2005.
( 3)  Vest 25% per year from Grant Date of 10/24/2006.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Berman Bobby
100 WEST HOUSTON STREET
SAN ANTONIO, TX 78205


Group Executive Vice President

Signatures
/s/ Bobby Berman 12/24/2008
** 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.
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