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 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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(Print or Type Responses)

1. Name and Address of Reporting Person * Minnich George E   2. Issuer Name and Ticker or Trading Symbol ITT CORP [ITT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP (Last) (First) (Middle) 4 WEST RED OAK LANE 3. Date of Earliest Transaction (Month/Day/Year) 07/31/2007 (Street) WHITE PLAINS, NY 10604 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(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 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 07/31/2007   F   8,930 D $ 64.5 24,364 (1) D   Common Stock               170 (2) I 401K Plan

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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 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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Minnich George E 4 WEST RED OAK LANE WHITE PLAINS, NY 10604			SVP

Signatures

/s/Kathleen S. Stolar, Secretary of ITT Corporation by power of attorney for George E. Minnich		08/01/2007
**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 20,000 shares of restricted stock, awarded on July 1, 2005 (10,000 shares prior to the February 21, 2006 2-for-1 stock split) that vested upon termination on 7/31/2007, less 8,930 shares withheld for applicable taxes; 4,000 shares owned directly; 5,125 shares of restricted stock awarded on 3/6/2006 vesting ratably on a monthly basis between the grant date and 3/6/2009, except that vesting will cease upon the Severance End Date; and 4,079 shares of restricted stock awarded on 3/7/2007 vesting ratably on a monthly basis between the grant date and 3/7/2010, except that vesting will cease upon the Severance End Date. The restricted stock grants were awarded under the ITT 2003 Equity Incentive Plan. Mr. Minnich also holds 1,398 phantom shares of ITT stock held in an account that tracks an index of ITT common stock. Each share of phantom stock is the economic equivalent of one share of ITT common stock.
(2)	As of 7/30/2007.

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