<TABLE>
<CAPTION>
FORM 5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
<CAPTION>
<S> <C>
OMB APPROVAL
_ ----------------------------
|_|Check this box if no longer OMB NUMBER 3235-0287
subject to Section 16. Expires: September 30, 1998
Form 4 or Form 5 Estimated average burden
obligations may continue. hours per response . . . 0.5
See Instruction 1(b).
_
|_|Form 3 Holdings Reported
_
|X|Form 4 Transactions Reported
</TABLE>
<TABLE>
<CAPTION>
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(f) of the Investment Company Act of 1940
- --------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Name and Address of |2. Issuer Name and Ticker or |6. Relationship of Reporting
Reporting Person | Trading Symbol | Person(s) to Issuer
| | (Check all applicable)
Johnson, Elizabeth Pringle| Camden Property Trust (CPT) | ___ Director __ 10% Owner
- --------------------------|----------------------------------------| _X_ Officer __ Other (specify
(Last) (First) (Middle)|3. IRS or Social |4. Statement for | (give title below)
| Security Number | Month/Year | below
c/o Camden Property Trust | of Reporting | | Sr. Vice President - General Counsel
3200 SW FWY #1500 | Person | December 1996 | and Secretary
- --------------------------| (Voluntary) |--------------------|-------------------------------------
(Street) | |5. If Amendment |7. Individual or Joint/Group Filing
| | Date of Original | (Check Applicable Line)
Houston, TX 77027| | (Month/Year) | _X_ Form filed by One reporting
- --------------------------| | | person
(City) (State) (Zip)| | | ___ Form filed by more than one
| | | reporting person
- --------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1. Title of |2.Trans- |3. Trans- |4. Securities Acquired (A)|5. Amount of |6.Owner- |7. Nature
Security | action | action | or Disposed (D) | Securities | ship | of In-
Instr. 3) | Date | Code | | Beneficially | Form: | direct
| (Month/ | (Instr. 8)| (Instr. 3, 4 and 5) | Owned at | Direct | Bene-
| Day/ |-------------------------------------- | End of Month | (D) or | ficial
| Year) | | | (A) | | (Instr. 3 | Indirect | Owner-
| | | | or | | and 4) | (I) | ship
| | | Amount | (D) | Price | | (Instr. 4)|
- --------------------------------------------------------------------------------------------------------
| | | | | | 4,813* | |
- --------------------------------------------------------------------------------------------------------
<CAPTION>
*When Ms. Johnson converted to part-time employee, 4,850 unvested restricted shares were canceled. This
filing reflects the remaining number of shares owned by Ms. Johnson subsequent to such cancellation and
includes both vested and unvested shares.
Note: If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 2270
(7/96)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 5 (continued)
- --------------------------------------------------------------------------------------------------------
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Title of Derivative|2. Conversion |3. Transaction |4. Transac- |5. Number of Deriva-|6. Date Exer-
(Instr. 3) | or Exercise | Date | tion Code | tive Securities | cisable and
| Price of | (Month/Day/ | (Instr. 8) | Acquired (A) or | Expiration
| Derivative | Year) | | Disposed of (D) | Date
| Security | | | (Instr. 3,4 and 5) | (Month/Day/
| | | | | Year)
- --------------------------------------------------------------------------------------------------------
| | | | |Date |Expir-
| | | | |Exer- |ation
| | | | (A) | (D) |cisable |Date
- --------------------------------------------------------------------------------------------------------
| | | | | | |
- --------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Table II - Continued
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
7. Title and Amount of Underlying |8. Price of |9. Number of |10. Ownership |11. Nature of
Securities | Derivative | Derivative | Form of | Indirect
(Instr. 3 and 4) | Security | Securities | Derivative | Beneficial
| (Instr. 5) | Beneficially| Security: | Ownership
| | Owned at | Direct (D) | (Instr. 4)
| | End of Month| or Indirect |
| | (Instr. 4) | (I)(Instr.4)|
- --------------------------------------------------------------------------------------------------------
| | | |
- --------------------------------------------------------------------------------------------------------
<FN>
Explanation of Responses:
</FN>
<CAPTION>
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/ 1/2/96
- ----------------------- ---------------
Elizabeth Pringle Johnson Date
SEC 1474 (7-96)
Note: File three copies of this Form, one of which must be manually signed. If space 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.
SEC 2270 (7/96)
</TABLE>
