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Proc-Type: 2001,MIC-CLEAR
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-09-046870.txt : 20091002
<SEC-HEADER>0001209191-09-046870.hdr.sgml : 20091002
<ACCEPTANCE-DATETIME>20091002155856
ACCESSION NUMBER:		0001209191-09-046870
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20091002
DATE AS OF CHANGE:		20091002

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERAL GROWTH PROPERTIES INC
		CENTRAL INDEX KEY:			0000895648
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				421283895
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		110 N WACKER DRIVE
		STREET 2:		STE 3100
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129605000

	MAIL ADDRESS:	
		STREET 1:		110 N WACKER DRIVE
		STREET 2:		STE 3100
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ACKMAN WILLIAM A
		CENTRAL INDEX KEY:			0001056513
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11656
		FILM NUMBER:		091102436

	BUSINESS ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-813-3700

	MAIL ADDRESS:	
		STREET 1:		888 SEVENTH AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c90762_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-09-30</periodOfReport>

    <issuer>
        <issuerCik>0000895648</issuerCik>
        <issuerName>GENERAL GROWTH PROPERTIES INC</issuerName>
        <issuerTradingSymbol>GGWPQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001056513</rptOwnerCik>
            <rptOwnerName>ACKMAN WILLIAM A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GENERAL GROWTH PROPERTIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>110 NORTH WACKER DRIVE</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-09-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>23541369</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person received 10,000 shares of restricted stock that vests one-third on the date of grant and one-third on each of the first and second anniversaries of the date of grant.</footnote>
        <footnote id="F2">Reflects shares of common stock of the issuer held for the account of Pershing Square, L.P., Pershing Square II, L.P., or Pershing Square International Ltd. (including shares held for the account of  its wholly owned subsidiary, PSRH, Inc.) (collectively, the &quot;Pershing Square Funds&quot;).  PS Management GP, LLC (&quot;PS Management&quot;) is the general partner of Pershing Square Capital Management, L.P. (&quot;Pershing Square&quot;), which acts as investment advisor to the Pershing Square Funds.  Pershing Square GP, LLC (&quot;Pershing Square GP&quot;) is the general partner of each of Pershing Square, L.P. and Pershing Square II, L.P.  By virtue of William A. Ackman's position as managing member of each of PS Management and Pershing Square GP, Mr. Ackman may be deemed to be the beneficial owner of the securities listed in Table I.</footnote>
        <footnote id="F3">Neither the filing of this statement nor anything stated herein shall be deemed an admission that Mr. Ackman is the beneficial owner of any securities covered by the statement.  Mr. Ackman disclaims beneficial ownership of of the securities covered by this statement except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William A. Ackman</signatureName>
        <signatureDate>2009-10-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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