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 *
SUTTON DENNIS R
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)
TGL PRESIDENT & COO
(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             27,127 (1) D  
Common stock $.01 par value             348 (2) I by 401(k) Plan

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
1998 Non-Qual.Stock Option (Right to Buy) $ 8.75           08/08/2001 08/07/2007 Common stock $.01 par value
6,400
  6,400
D
 
1998 Non-Qual.Stock Option (Right to Buy) $ 11.4125           04/03/2001 04/02/2010 Common stock $.01 par value
7,500
  7,500
D
 
1998 Non-Qual.Stock Option (Right to Buy) $ 18.075           01/29/2000 01/28/2009 Common stock $.01 par value
15,000
  15,000
D
 
1998 Non-Qual.Stock Option (Right to Buy) $ 18.2583           02/16/1999 02/15/2008 Common stock $.01 par value
11,250
  11,250
D
 
1998 Emplee. Stock Option(Right to Buy) $ 18.075           01/29/2000 01/28/2009 Common stock $.01 par value
2,400
  2,400
D
 
2000 Emplee Stock Option (Right to Buy) $ 9.88           03/18/2004 03/17/2013 Common stock $.01 par value
8,000
  8,000
D
 
2000 Emplee Stock Option (Right to Buy) $ 13.83           02/08/2003 02/07/2009 Common stock $.01 par value
20,000
  20,000
D
 
2003 EIP Stock Appreciation Right $ 10.73           02/13/2005 02/12/2014 Common stock $.01 par value
6,000
  6,000
D
 
2003 EIP Stock Appreciation Right $ 12.45           02/14/2007 02/13/2016 Common stock $.01 par value
25,000
  25,000
D
 
2003 EIP Stock Appreciation Right $ 13.44           02/11/2006 02/10/2015 Common stock $.01 par value
15,000
  15,000
D
 
2003 EIP Employee Stock Option (Right to Buy) $ 12.91           11/22/2005 11/21/2014 Common stock $.01 par value
25,000
  25,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SUTTON DENNIS R
3250 LACEY ROAD, SUITE 600
DOWNERS GROVE, IL 60515-1700
      TGL PRESIDENT & COO  

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 Profit Sharing and Retirement Plan through December 31, 2006.

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

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