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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950136-06-009609.txt : 20061116
<SEC-HEADER>0000950136-06-009609.hdr.sgml : 20061116
<ACCEPTANCE-DATETIME>20061116165538
ACCESSION NUMBER:		0000950136-06-009609
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061116
DATE AS OF CHANGE:		20061116

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRANE CO /DE/
		CENTRAL INDEX KEY:			0000025445
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				131952290
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-109002
		FILM NUMBER:		061223769

	BUSINESS ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		203-363-7300

	MAIL ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRANE CO /DE/
		CENTRAL INDEX KEY:			0000025445
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				131952290
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		203-363-7300

	MAIL ADDRESS:	
		STREET 1:		CRANE CO.
		STREET 2:		100 FIRST STAMFORD PLACE
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>file1.htm
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Final Term Sheet </P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Filed pursuant to Rule 433 </P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Dated November&nbsp;15, 2006, </P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Relating to Prospectus dated September 22, 2003,</P>
<P style="line-height:18.667px; margin:0px; font-size:16px">as supplemented by Prospectus Supplement </P>
<P style="line-height:18.667px; margin:0px; font-size:16px">dated November 15, 2006</P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Registration Statement No.&nbsp;333-109002 </P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px" align=center><BR></P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:16px; font-size:16px" align=center>Crane Co.</P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:16px; font-size:16px" align=center>Pricing Term Sheet</P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=319.2></TD><TD width=319.2></TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Issuer:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Crane Co.</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Size:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">$200,000,000</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Maturity:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">November 15, 2036</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Coupon:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">6.550%, accruing from November 20, 2006</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Price:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">99.494% of face amount</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Yield to maturity:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">6.589%</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Spread to Benchmark Treasury: </P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">1.900%</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Benchmark Treasury:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">4.500% due 2/15/36</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Benchmark Treasury Yield:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">4.689%</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Interest Payment Dates:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">May 15 and November 15, commencing May 15, 2007</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Redemption Provisions:</P>
</TD><TD valign=top width=319.2><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; padding-left:24px; font-size:16px">Make-whole call</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">At any time at a discount rate of Treasury plus 30 basis points</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Settlement:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">T+3; November 20, 2006</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">CUSIP:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">224399AP0</P>
</TD></TR>
<TR><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Ratings:</P>
</TD><TD valign=top width=319.2><P style="line-height:18.667px; margin:0px; font-size:16px">Baa2 / BBB</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin:0px"><B>The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. &nbsp;Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. &nbsp;You may get these documents for free by visiting EDGAR on the SEC Web site at </B><FONT COLOR=#0000FF><B><U>www.sec.gov</U></B></FONT><B>. &nbsp;Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (203) 363-7300 or by writing to the following address: &nbsp;Crane Co., 100 First Stamford Place, Stamford, CT 06902, Attention: &nbsp;Corporate Secretary, or by calling UBS Securities LLC at 1-888-722-9555 ext. 1088 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.</B></P>
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