-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SSO2W23gvXrS+zzviBABGyxb8k04CdcOqmta8o/Gna2l0hvKnC6LQH7gc39ZhKIY
 qwTxz5yOQ8iKo3tJD0gJuQ==

<SEC-DOCUMENT>0000900764-03-000004.txt : 20030630
<SEC-HEADER>0000900764-03-000004.hdr.sgml : 20030630
<ACCEPTANCE-DATETIME>20030630165454
ACCESSION NUMBER:		0000900764-03-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030602
FILED AS OF DATE:		20030630

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRESCENT REAL ESTATE EQUITIES CO
		CENTRAL INDEX KEY:			0000918958
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521862813
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		777 MAIN ST
		STREET 2:		STE 2100
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8173212100

	MAIL ADDRESS:	
		STREET 1:		777 MAIN STREET
		STREET 2:		SUITE 2100
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CRESCENT REAL ESTATE EQUITIES INC
		DATE OF NAME CHANGE:	19940214

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STALLINGS ROBERT W
		CENTRAL INDEX KEY:			0000900764

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13038
		FILM NUMBER:		03765050

	BUSINESS ADDRESS:	
		STREET 1:		3828 BEVERLY DRIVE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
		BUSINESS PHONE:		2145215353

	MAIL ADDRESS:	
		STREET 1:		C/O CRESCENT REAL ESTATE EQUITIES LTD
		STREET 2:		777 MAINS STREET STE 2100
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-06-02</periodOfReport>
    <issuer>
        <issuerCik>0000918958</issuerCik>
        <issuerName>CRESCENT REAL ESTATE EQUITIES CO</issuerName>
        <issuerTradingSymbol>CEI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0000900764</rptOwnerCik>
            <rptOwnerName>STALLINGS ROBERT W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>16.45</value></conversionOrExercisePrice><transactionDate><value>2003-06-02</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>14000</value></transactionShares><transactionValue><value>0</value><footnoteId id="F2"/></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1988-08-08</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>2013-06-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSec
urityTitle><underlyingSecurityShares><value>14000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>14000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">08/08/1988 is &quot;Dummy Date Entry&quot; per SEC.  Grant on June 2, 2003. pursuant to Issuer's Third Amended and Restated 1995 Stock Incentive Plan.  Option becomes exercisable in 20% increments on the first, second, third, fourth and fifth anniversaries of the grant.</footnote><footnote id="F2">Not applicable.</footnote></footnotes><ownerSignature><signatureName>David M. Dean, as Attorney-in-Fact on behalf of Reporting Person</signatureName><signatureDate>2003-06-30</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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