Title of Each Class of Securities Offered
 
Maximum Aggregate
Offering Price
 
Amount of
Registration Fee(1)
 
Medium-Term Notes, Series B
 
$500,000,000
 
$53,500
 
________________
(1) 
 
Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended. The filing fee of $53,500 is being paid in connection with the registration of these Medium-Term Notes, Series B.
 
 
PRICING SUPPLEMENT NO. 7
Rule 424(b)(8)
DATED:   November 20, 2006
File No. 333-136666
(To Prospectus dated August 16, 2006,
and Prospectus Supplement dated August 16, 2006)
 
THE BEAR STEARNS COMPANIES INC.
Medium-Term Notes, Series B

Principal Amount: $500,000,000
Floating Rate Notes [x]
Book Entry Notes [x]
     
Original Issue Date: 11/28/2006
Fixed Rate Notes [  ]
Certificated Notes [  ]
     
Maturity Date: 11/28/2011
CUSIP#: 073928S53
  

Option to Extend Maturity:
No
Yes
[x]
[  ]                 Final Maturity Date:
 
Redeemable On
Redemption
   Price(s)
Optional
Repayment
   Date(s)
Optional
Repayment
   Price(s)
N/A
N/A
N/A
N/A
 
Applicable Only to Fixed Rate Notes:
 
Interest Rate:
 
Interest Payment Dates:
 
Applicable Only to Floating Rate Notes:
 
Interest Rate Basis:
Maximum Interest Rate: N/A
[  ]            Commercial Paper Rate
Minimum Interest Rate: N/A
[  ]            Federal Funds Effective Rate
  
[  ]            Federal Funds Open Rate
Interest Reset Date(s): *
[  ]            Treasury Rate
Interest Reset Period: Quarterly
[  ]            LIBOR Reuters
Interest Payment Date(s): **
[x]            LIBOR Telerate
  
[  ]            Prime Rate
  
[  ]            CMT Rate
  
Initial Interest Rate: 5.56%
Interest Payment Period: Quarterly
Index Maturity: Three months
  
Spread (plus or minus): +0.19%
  
 
*
Commencing February 28, 2007 and on the 28th of each May, August, November and February thereafter prior to Maturity.
 
**
Commencing February 28, 2007 and on the 28th of each May, August, November and February thereafter up to and including the Maturity date.

The distribution of Notes will conform to the requirements set forth in Rule 2720 of the NASD Conduct Rules.
We intend to treat the Notes as variable rate debt instruments that bear interest that is unconditionally payable at least annually at a single qualified floating rate for U.S. federal income tax purposes.