Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
KAPUT JIM L
 2. Issuer Name and Ticker or Trading Symbol
SERVICEMASTER CO [SVM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP & General Counsel
(Last)
(First)
(Middle)

3250 LACEY ROAD, SUITE 600		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


DOWNERS GROVE, IL 60515-1700		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common stock $.01 par value             51,236 (1) D  
Common stock $.01 par value             9,770 I through 401(k) plan
Common stock $.01 par value             400 I Cust. for children
Common stock $.01 par value             5,509 (2) I Deferred Comp

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 13.83           02/08/2003 02/07/2009 Common Stock
85,000
  85,000
D
 
2000 Emplee Stock Option (Right to Buy) $ 9.88           03/18/2004 03/17/2013 Common Stock
26,667
  26,667 (3)
D
 
2003 EIP Stock Appreciation Right $ 10.73           02/13/2005 02/12/2014 Common Stock
30,000
  30,000
D
 
2003 EIP Stock Appreciation Right $ 12.45           02/14/2007 02/13/2016 Common Stock
55,000
  55,000 (4)
D
 
2003 EIP Stock Appreciation Right $ 13.44           02/11/2006 02/10/2015 Common Stock
50,000
  50,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KAPUT JIM L
3250 LACEY ROAD, SUITE 600
DOWNERS GROVE, IL 60515-1700		       Sr. VP & General Counsel  

Signatures

Cristen Kogl by power of attorney 02/14/2007
**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) Includes shares acquired through the ServiceMaster Employee Share Purchase Plan through December 31, 2006.
(2) Includes shares acquired through the ServiceMaster Deferred Compensation Plan through December 31, 2006.
(3) The option is exercisable in five equal annual installments beginning on the first anniversary of the date of the grant.
(4) The stock appreciation right is exercisable in five equal annual installments beginning on the first anniversary of the date of grant.

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