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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): December 15, 2006

                                 ITT CORPORATION
             (Exact name of registrant as specified in its charter)

            Indiana                      1-5672                13-5158950
  (State or other jurisdiction        (Commission           (I.R.S. Employer
       of incorporation)              File Number)         Identification No.)

                 4 West Red Oak Lane
                White Plains, New York                            10604
       (Address of principal executive offices)                (Zip Code)

       Registrant's telephone number, including area code: (914) 641-2000

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (See General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

                                 Not Applicable
          (Former name or former address, if changed since last report)

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ITEM 7.01     REGULATION FD DISCLOSURE

The following information is furnished pursuant to Item 7.01 Regulation FD
Disclosure. This information shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing. On December 15, 2006 ITT Corporation issued a press
release revising its 2006 earnings forecast and providing its 2007 financial
outlook. The press release is attached and incorporated by reference herein as
Exhibit 99.1.

ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

 99.1      Press release dated December 15, 2006

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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            ITT CORPORATION


                                            By:   /s/ Kathleen S. Stolar
                                                  ------------------------------
                                                  Kathleen S. Stolar

                                             Its: Vice President, Secretary
                                                  and Associate General Counsel


Date: December 15, 2006

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