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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F/OoOGT7iLcTqsm3UU8X3LOOrTku5izCYWnkmRAc7iZri853AYBLoE3ggLdTwI6i
 Hw1bXRtV4DJPV/TBau/Kpw==

<SEC-DOCUMENT>0001209191-08-056791.txt : 20081017
<SEC-HEADER>0001209191-08-056791.hdr.sgml : 20081017
<ACCEPTANCE-DATETIME>20081017162915
ACCESSION NUMBER:		0001209191-08-056791
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081015
FILED AS OF DATE:		20081017
DATE AS OF CHANGE:		20081017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL TRUST INC
		CENTRAL INDEX KEY:			0001061630
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				946181186
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		410 PARK AVENUE
		STREET 2:		14TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2126550220

	MAIL ADDRESS:	
		STREET 1:		PAUL, HASTINGS, JANOFSKY & WALKER LLP
		STREET 2:		75 E 55TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NASSAU HENRY N
		CENTRAL INDEX KEY:			0001177127

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14788
		FILM NUMBER:		081129730

	MAIL ADDRESS:	
		STREET 1:		435 DEVON PARK DR
		STREET 2:		BLDG 600
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c76113_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-10-15</periodOfReport>

    <issuer>
        <issuerCik>0001061630</issuerCik>
        <issuerName>CAPITAL TRUST INC</issuerName>
        <issuerTradingSymbol>CT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001177127</rptOwnerCik>
            <rptOwnerName>NASSAU HENRY N</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DECHERT LLP</rptOwnerStreet1>
            <rptOwnerStreet2>CIRA CENTER, 2929 ARCH STREET</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19104</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock Units</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <transactionDate>
                <value>2008-10-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11616</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person directly beneficially owns 4,500 shares of Class A Common Stock.</footnote>
        <footnote id="F2">The Reporting Person indirectly beneficially owns 400 shares of Class A Common Stock held by his two sons.</footnote>
        <footnote id="F3">Represents Class A Common Stock Units credited to the account of the Reporting Person which convert to shares of Class A Common Stock on a one-for-one basis.  The number of shares of Class A Common Stock subject to the Class A Common Stock Units credited to the Reporting Person was determined by dividing (1) the product of the number of shares of Class A Common Stock subject to all Class A Common Stock Units held by the Reporting Person and the per share dollar amount of the Class A Common Stock dividend paid by the Company on October 15, 2008 by (2) the closing price of the Class A Common Stock on the New York Stock Exchange on October 15, 2008.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Geoffrey G. Jervis, on behalf of Henry N. Nassau</signatureName>
        <signatureDate>2008-10-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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