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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 bfj6eRMm+h0Y+QyXduRSGA==

<SEC-DOCUMENT>0001209191-06-045809.txt : 20060814
<SEC-HEADER>0001209191-06-045809.hdr.sgml : 20060814
<ACCEPTANCE-DATETIME>20060814171614
ACCESSION NUMBER:		0001209191-06-045809
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060814
FILED AS OF DATE:		20060814
DATE AS OF CHANGE:		20060814

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VECTOR GROUP LTD
		CENTRAL INDEX KEY:			0000059440
		STANDARD INDUSTRIAL CLASSIFICATION:	CIGARETTES [2111]
		IRS NUMBER:				650949535
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		100 S E SECOND ST
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
		BUSINESS PHONE:		3055798000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROOKE GROUP LTD
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIGGETT GROUP INC
		DATE OF NAME CHANGE:	19900815

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIGGETT & MYERS INC
		DATE OF NAME CHANGE:	19760602

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BERNSTEIN RONALD J
		CENTRAL INDEX KEY:			0001281070

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05759
		FILM NUMBER:		061032013

	MAIL ADDRESS:	
		STREET 1:		C/O VECTOR GROUP, LTD.
		STREET 2:		100 S.E. SECOND STREET, 32ND FL.
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bmi03009_bmi01rb.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-08-14</periodOfReport>

    <issuer>
        <issuerCik>0000059440</issuerCik>
        <issuerName>VECTOR GROUP LTD</issuerName>
        <issuerTradingSymbol>VGR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001281070</rptOwnerCik>
            <rptOwnerName>BERNSTEIN RONALD J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LIGGETT VECTOR BRANDS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE PARK DRIVE</rptOwnerStreet2>
            <rptOwnerCity>RESEARCH TRIANGLE PARK</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>27709</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President Subsidiary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee stock option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.73</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-08-14</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>250000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-08-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>250000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>250000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The options will vest as to 25% of the shares on 2/15/07, as to 50% of the shares on 12/31/07, as to 75% of the shares on 12/31/08, and as to 100% of the shares on 12/31/09.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ronald J. Bernstein</signatureName>
        <signatureDate>2006-08-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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