-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EehvWThSmdex9zrpB5lzS4Zr62zIBYcVOAcEIfCBFs5DuDzBaSTQV58T4el9TJhY
 RYS8E8cUe4XjU3FEX4oE7g==

<SEC-DOCUMENT>0000902664-06-001808.txt : 20060712
<SEC-HEADER>0000902664-06-001808.hdr.sgml : 20060712
<ACCEPTANCE-DATETIME>20060712201953
ACCESSION NUMBER:		0000902664-06-001808
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060710
FILED AS OF DATE:		20060712
DATE AS OF CHANGE:		20060712

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GENDELL JEFFREY L ET AL
		CENTRAL INDEX KEY:			0000948904

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12227
		FILM NUMBER:		06959390

	BUSINESS ADDRESS:	
		STREET 1:		31 WEST 52ND ST
		STREET 2:		17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	MAIL ADDRESS:	
		STREET 2:		200 PARK AVENUE SUITE 3900
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHAW GROUP INC
		CENTRAL INDEX KEY:			0000914024
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				721106167
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		4171 ESSEN LANE
		STREET 2:		1ST FLOOR
		CITY:			BATON ROUGE
		STATE:			LA
		ZIP:			70809
		BUSINESS PHONE:		2259322500

	MAIL ADDRESS:	
		STREET 1:		4171 ESSEN LANE
		STREET 2:		11TH FLOOR
		CITY:			BATON ROUGE
		STATE:			LA
		ZIP:			70809
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-07-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000914024</issuerCik>
        <issuerName>SHAW GROUP INC</issuerName>
        <issuerTradingSymbol>SGR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000948904</rptOwnerCik>
            <rptOwnerName>GENDELL JEFFREY L ET AL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>55 RAILROAD AVENUE,</rptOwnerStreet1>
            <rptOwnerStreet2>3RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, No par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8482900</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person is the managing member of Tontine Management, L.L.C. (&quot;TM&quot;), a Delaware limited liability company, the
 general partner of Tontine Partners, L.P. (&quot;TP&quot;), a Delaware limited partnership.  The Reporting Person is also the managing
 member of Tontine Capital Management, L.L.C. (&quot;TCM&quot;), a Delaware limited liability company, the general partner of Tontine
 Capital Partners, L.P. (&quot;TCP&quot;), a Delaware limited partnership.  The Reporting Person is also the managing member of Tontine
 Overseas Associates, L.L.C., a Delaware limited liability company (&quot;TOA&quot;), the investment adviser to Tontine Capital
 Overseas Master Fund, L.P., a Cayman Islands partnership (&quot;TCO&quot;), Tontine Overseas Fund, Ltd., a Cayman Islands corporation
 (&quot;TOF&quot;) and certain managed accounts.</footnote>
        <footnote id="F2">The Reporting Person directly owns 0 shares of the Common Stock.  TP directly owns 3,267,898 shares of Common Stock.  TCP
 directly owns 2,466,800 shares of Common Stock.  TCO owns 312,300 shares of Common Stock.  TOF and certain managed accounts
 directly own 2,435,902 shares of Common Stock.  All of the foregoing shares of Common Stock may be deemed to be beneficially
 owned by the Reporting Person.  The Reporting Person disclaims beneficial ownership of the Issuer's securities reported
 herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to
 securities directly owned by the Reporting Person or representing the Reporting Person's pro rata interest in, and interest
 in the profits of, TP, TM, TCP, TCM, TOA, TCO and TOF.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jeffrey L. Gendell</signatureName>
        <signatureDate>2006-07-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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