-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IX1+k27x4ND6mcdXSR8/sYDhDnv/rxM+cQCt2Y0SSrTDpb4mR827N8jEcVl9HMhV
 KgLr4Z/N+Qh6PiHFLiFFhw==

<SEC-DOCUMENT>0000893750-07-000259.txt : 20070626
<SEC-HEADER>0000893750-07-000259.hdr.sgml : 20070626
<ACCEPTANCE-DATETIME>20070626163836
ACCESSION NUMBER:		0000893750-07-000259
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070621
FILED AS OF DATE:		20070626
DATE AS OF CHANGE:		20070626

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blackstone Group L.P.
		CENTRAL INDEX KEY:			0001393818
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		(212) 583-5000

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rothschild Nathaniel Charles Jacob G.B.E.
		CENTRAL INDEX KEY:			0001404324

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33551
		FILM NUMBER:		07941489

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		011.44.207.493.8111

	MAIL ADDRESS:	
		STREET 1:		14 ST. JAMES PLACE
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 1NP
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>blackstone_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2007-06-21</periodOfReport>

    <dateOfOriginalSubmission>2007-06-25</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001393818</issuerCik>
        <issuerName>Blackstone Group L.P.</issuerName>
        <issuerTradingSymbol>BX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001404324</rptOwnerCik>
            <rptOwnerName>Rothschild Nathaniel Charles Jacob G.B.E.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE BLACKSTONE GROUP L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>345 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10154</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Units representing limited partnership interests</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <transactionDate>
                <value>2007-06-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>485000</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>31.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>485000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Such partnership units are held by a nominee for a Guernsey unit trust in which Lord Rothschild and certain of his family
 interests hold, directly or indirectly, units.</footnote>
        <footnote id="F2">Pursuant to Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended (the &quot;Act&quot;), Lord Rothschild may be deemed
 to be the beneficial owner of certain of these partnership units.  This Statement, however, shall not be deemed an admission
 that he is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any of such partnership units and,
 even if deemed the beneficial owner for purposes of Section 16 of the Act, he disclaims such beneficial ownership except to
 the extent of his pecuniary interest in the securities.</footnote>
        <footnote id="F3">This amendment is being filed to reflect the final number of partnership units that the nominee was able to purchase on
 behalf of the unit trust in connection with the initial public offering of the partnership units.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert L. Friedman, Attorney-in-Fact</signatureName>
        <signatureDate>2007-06-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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