FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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 * ACKART JENNIFER C   2. Issuer Name and Ticker or Trading Symbol RAYMOND JAMES FINANCIAL INC [RJF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer (Last) (First) (Middle) 880 CARILLON PARKWAY 3. Date of Earliest Transaction (Month/Day/Year) 03/22/2006 (Street) ST. PETERSBURG, FL 33716 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock               7,355 (1) (2) D   Common Stock               1,763 (3) I ESOP

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 14.2222

11/28/2004

01/28/2007

Common Stock

9,000 (4) (5)

9,000

D

Employee Stock Option (right to buy)

$ 16.8

12/04/2006

02/04/2009

Common Stock

6,750 (6) (7)

6,750

D

Employee Stock Option (right to buy)

$ 24.9733

12/04/2006

02/04/2009

Common Stock

6,000 (8) (9)

6,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ACKART JENNIFER C 880 CARILLON PARKWAY ST. PETERSBURG, FL 33716			Chief Accounting Officer

Signatures

Jennifer C. Ackart		03/29/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Includes 15 shares acquired on 1/18/06 under the RJF Dividend Reinvest Plan.
(2)	On March 22, 2006, the common stock of RJF split 3 - for - 2, resulting in the reporting person's acquition of 2,451 additional shares of common stock.
(3)	On March 22, 2006, the common stock of RJF split 3 - for - 2, resulting in the reporting person's acquition of 598 additional shares of common stock. The shares also included shares acquired under ESOP through March 22, 2006.
(4)	Options Currently exercisable - 7,200, Options Becoming exercisable - 1,800 on 11/28/2006
(5)	This option was previously reported as covering 6,000 shares at an exercise price of $21.33, but was adjusted to reflect the stock split on March 22, 2006
(6)	Options Becoming exercisable - 4,050 on 12/04/2006, 1,350 on 12/04/2007 and 1,350 on 12/04/2008
(7)	This option was previously reported as covering 4,500 shares at an exercise price of $25.20, but was adjusted to reflect the stock split on March 22, 2006
(8)	Options Becoming exercisable - 3,000 on 12/04/2008, 1,800 on 12/04/2009 and 1,200 on 12/04/2010
(9)	This option was previously reported as covering 4,000 shares at an exercise price of $37.46, but was adjusted to reflect the stock split on March 22, 2006

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