SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HELCK CHESTER B (Last) (First) (Middle) 880 CARILLON PARKWAY (Street) ST. PETERSBURG FL 33716 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol RAYMOND JAMES FINANCIAL INC [ RJF ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Operating Officer
	3. Date of Earliest Transaction (Month/Day/Year) 03/22/2006
	4. If Amendment, Date of 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

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	03/22/2006		S		50	D	$22.5	88,512(1)	D
Common Stock								2,029(2)	I	Spouse
Common Stock								6,840(3)	I	ESOP

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 Securities Underlying Derivative Security (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: 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	13,500(4)(5)		13,500	D
Employee Stock Option (right to buy)	$14.0222							12/10/2005	02/10/2008	Common Stock	99,141(6)(7)		99,141	D
Employee Stock Option (right to buy)	$14.0222							12/10/2005	02/10/2008	Common Stock	13,358(8)(9)		13,358	D
Employee Stock Option (right to buy)	$16.8							12/04/2006	02/04/2009	Common Stock	7,200(10)		7,200	D
Employee Stock Option (right to buy)	$16.8							01/04/2008	02/04/2009	Common Stock	10,800(11)(12)		10,800	D
Employee Stock Option (right to buy)	$24.9733							12/01/2008	02/01/2011	Common Stock	15,000(13)(14)		15,000	D

Explanation of Responses:

1. On March 22, 2006, the common stock of RJF split 3 - for - 2, resulting in the reporting person's acquition of 29,504 additional shares of common stock.

2. On March 22, 2006, the common stock of RJF split 3 - for - 2, resulting in the reporting person's acquition of 677 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 2,275 additional shares of common stock. The shares also included shares acquired under ESOP through March 22, 2006.

4. Options currently exercisable - 10,800, Options Becoming exercisable - 2,700 on 11/28/2006

5. This option was previously reported as covering 9,000 shares at an exercise price of $21.333, but was adjusted to reflect the stock split on March 22, 2006

6. Options currently exercisable - 65,664, Options Becoming exercisable - 18,108 on 12/10/2006 and 15,369 on 12/10/2007

7. This option was previously reported as covering 66,094 shares at an exercise price of $21.0333, but was adjusted to reflect the stock split on March 22, 2006

8. Options currently exercisable - 1,836, Options Becoming exercisable - 4,392 on 12/10/2006 and 7,130 on 12/10/2007

9. This option was previously reported as covering 8,905 shares at an exercise price of $21.0333, but was adjusted to reflect the stock split on March 22, 2006

10. This option was previously reported as covering 4,800 shares at an exercise price of $25.20, but was adjusted to reflect the stock split on March 22, 2006

11. Options Becoming exercisable - 5,400 on 1/4/2008, and 5,400 on 1/4/2009

12. This option was previously reported as covering 7,200 shares at an exercise price of $25.20, but was adjusted to reflect the stock split on March 22, 2006

13. Options Becoming exercisable - 9,000 on 12/01/2008, 3,000 on 12/01/2009 and 3,000 on 12/1/2010

14. This option was previously reported as covering 10,000 shares at an exercise price of $37.46, but was adjusted to reflect the stock split on March 22, 2006

Remarks:

	Chet B. Helck	03/29/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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