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 *
  Bohlen Kenneth C
2. Date of Event Requiring Statement (Month/Day/Year)
09/27/2006
3. Issuer Name and Ticker or Trading Symbol
TEXTRON INC [TXT]
(Last)
(First)
(Middle)
TEXTRON INC., 2301 EAGLE PARKWAY, SUITE 250
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)
(Street)

FORT WORTH, TX 76177
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)
Common Stock 22,237
D
 
Common Stock 4,027.851
I
Held on behalf of Reporting Person by the Textron Savings Plan (as of August 31, 2006).

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
Phanton Stock   (1)   (1) Common Stock 13,000 $ 0 (2) D  
Phantom Stock   (3)   (3) Common Stock 4,667 $ 0 (2) D  
Employee Stock Option - Right to Buy 12/13/2001 12/13/2010 Common Stock 7,500 $ 45.5625 D  
Employee Stock Option - Right to Buy 12/13/2002 12/13/2010 Common Stock 12,500 $ 45.5625 D  
Employee Stock Option - Right to Buy 01/15/2004 01/15/2012 Common Stock 5,000 $ 40.95 D  
Employee Stock Option - Right to Buy 02/12/2005 02/12/2014 Common Stock 4,410 $ 56.43 D  
Employee Stock Option - Right to Buy 02/12/2006 02/12/2014 Common Stock 4,409 $ 56.43 D  
Employee Stock Option - Right to Buy 02/12/2007 02/12/2014 Common Stock 4,999 $ 56.43 D  
Employee Stock Option - Right to Buy 02/23/2006 02/23/2015 Common Stock 5,189 $ 76.575 D  
Employee Stock Option - Right to Buy 02/23/2007 02/23/2015 Common Stock 5,623 $ 76.575 D  
Employee Stock Option - Right to Buy 02/23/2008 02/23/2015 Common Stock 5,623 $ 76.575 D  
Employee Stock Option - Right to Buy 03/01/2007 03/01/2016 Common Stock 4,500 $ 87.95 D  
Employee Stock Option - Right to Buy 03/01/2008 03/01/2016 Common Stock 4,500 $ 87.95 D  
Employee Stock Option - Right to Buy 03/01/2009 03/01/2016 Common Stock 4,500 $ 87.95 D  
Employee Stock Option - Right to Buy 12/15/2000 12/15/2009 Common Stock 7,500 $ 73.0313 D  
Employee Stock Option - Right to Buy 12/15/2001 12/15/2009 Common Stock 7,500 $ 73.0313 D  
Employee Stock Option - Right to Buy 11/15/2000 11/15/2009 Common Stock 9,290 $ 70.375 D  
Employee Stock Option - Right to Buy 11/15/2001 11/15/2009 Common Stock 9,290 $ 70.375 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bohlen Kenneth C
TEXTRON INC.
2301 EAGLE PARKWAY, SUITE 250
FORT WORTH, TX 76177
      Executive Vice President  

Signatures

By Ann T. Willaman, Attorney-in-Fact 10/10/2006
**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) The phantom stock vests in two annual installments, 7,000 shares on August 1, 2007 and 6,000 shares on August 1, 2008. The phantom stock is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.
(2) Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.
(3) The phantom stock vests in two annual installments, 2,333 shares on February 3, 2007 and 2,334 shares on February 3, 2008. The phantom stock is payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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