Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Ratner Bruce C
 2. Date of Event Requiring Statement (Month/Day/Year)
11/09/2006		 3. Issuer Name and Ticker or Trading Symbol
FOREST CITY ENTERPRISES INC [FCEA/FCEB]
(Last)
(First)
(Middle)
ONE METRO TECH CENTER NORTH		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
11/13/2006
(Street)

BROOKLYN, NY 11201		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Units 11/08/2007 08/08/1988(4) Class A Common Stock 183,610 $ 0 (1) D (1)  
Class A Common Units 11/08/2007 08/08/1988(4) Class A Common Stock 843,299 $ 0 (1) I (1) See footnote (1) (2)
Class A Common Units 11/08/2007 08/08/1988(4) Class A Common Stock 428,160 $ 0 (1) I (1) See footnote (1) (3)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ratner Bruce C
ONE METRO TECH CENTER NORTH
BROOKLYN, NY 11201		       Executive Vice President  

Signatures

Geralyn M. Presti, Attorney-In-Fact for Bruce C. Ratner 11/28/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Class A Common Units of Forest City Master Associates III, LLC (a subsidiary of Forest City Enterprises, Inc.) are convertible into Forest City Enterprises, Inc. Class A Common Stock on a equal number basis or cash at the discretion of Forest City Enterprises, Inc.
(2) Units are held indirectly through an entity (LLC, Trust etc.)
(3) Held in a trust that Bruce Ratner is a trustee. Bruce Ratner disclaims any beneficial interest.
(4) There is no expiration date.
 
Remarks:
Subject to certain exceptions, the Class A Common Units are generally not convertible until November 8, 2007.  Mr. Ratner disclaims beneficial ownership of all Class A Common Units, including any shares of Class A Common Stock into which such Class A Common Units are convertible, except to the extent of any direct or indirect pecuniary interest therein.  This Form 3 shall not be deemed an admission that Mr. Ratner is a beneficial owner of any equity securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose or that Mr. Ratner has an obligation to file this Form 3. ***********  FORM IS BEING AMENDED TO CORRECT THE RELATIONSHIP OF THE REPORTING PERSON TO ISSUER SECTION OF THE FORM - BRUCE RATNER IS NOT A 10% OWNER. ***************

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