UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2008

If amended report check here:

Institutional Investment Manager Filing This Report:
Name:                                                  Travelers Companies, Inc.
Address:                                               385 Washington Street
                                                       St. Paul, MN  55102-1396

13F File Number:                                       28-62

The Institutional Investment Manager filing this report and the person
by whom it is signed hereby represent that the person signing the report
is authorized to submit it, that all information contained herein is true,
correct, and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.


Person Signing this Report on Behalf of Reporting Manager:

Name:                                                  Bruce Backberg
Title:                                                 Corporate Secretary
Phone:                                                 (651) 310-7916

Signature, Place and Date of signing:

/s/ Bruce Backberg, St. Paul, Minnesota, May 14, 2008

Report Type (Check only one.):

[ X ]  13F HOLDINGS REPORT
[    ]  13F NOTICE
[    ]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
EXCHANGE ACT OF 1934.


                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                               1
Form 13F Information Table Entry Total:                         68
Form 13F Information Table Value Total:                    162,901

List of Other Included Managers:

No.             13F Filing Number     Name
01              28-29                 ST. PAUL FIRE AND MARINE INSURANCE COMPANY



                                                                           FORM 13F INFORMATION TABLE

 NAME OF ISSUER                           TITLE OF  CUSIP     VALUE    SHARES SH/ PUT/ INVESTMT OTHER    VOTING AUTHORITY
                                           CLASS             (X$1000) PRN/AMT PRN CALL DSCRETN  MANAGERS SOLE     SHARED        NONE

                                                                                              
AT&T INC                                  COMM   00206R102      517    13,500  SH       SHARED                          13,500
ALLIANCE HOLDINGS GP LP                   COMM   01861G100      757    33,000  SH       SHARED                          33,000
ALLIANCE BERNSTEIN HOLDING LP             COMM   01881G106      634    10,000  SH       SHARED                          10,000
BLACKROCK MUNIYIELD QUALITY FUND II       COMM   09254G108       18     1,600  SH       SHARED                           1,600
BRISTOW GROUP CONV PFD 5.50%              PREF   110394400      480     7,100  SH       SHARED                           7,100
BUCKEYE PARTNERS LP                       COMM   118230101      899    19,500  SH       SHARED                          19,500
CAVIUM NETWORKS INC                       COMM   14965A101      498    30,370  SH       SHARED                          30,370
CEDAR FAIR LP                             COMM   150185106      930    40,000  SH       SHARED                          40,000
CINCINNATI BELL INC PFD STK               PREF   171871403       17       400  SH       SHARED                             400
CROSSTEX ENERGY INC                       COMM   22765Y104      306     9,000  SH       SHARED                           9,000
DATA DOMAIN INC                           COMM   23767P109       30     1,274  SH       SHARED                           1,274
DEXCOM INC                                COMM   252131107      399    96,430  SH       SHARED                          96,430
DYAX  CORP                                COMM   26746E103        1       255  SH       SHARED                             255
EL PASO PIPELINE PARTNERS LP              COMM   283702108      634    28,000  SH       SHARED                          28,000
ENBRIDGE ENERGY PARTNERS LP               COMM   29250R106    3,233    68,000  SH       SHARED                          68,000
ENERGY TRANSFER EQUITY LP                 COMM   29273V100    1,874    60,000  SH       SHARED                          60,000
ENTERPRISE GP HOLDINGS LP                 COMM   293716106      478    16,000  SH       SHARED                          16,000
ENTERPRISE PRODUCTS PARTNERS LP           COMM   293792107    6,341   213,500  SH       SHARED                         213,500
EXTERRAN PARTNERS LP                      COMM   30225N105      261     9,000  SH       SHARED                           9,000
(R) FANNIE MAE                            COMM   313586109        3       101  SH       SHARED                             101
FIBERTOWER CORP                           COMM   31567R100       43    24,459  SH       SHARED                          24,459
FREEPORT-MC C&G  6.750%  05/01/10 SERIES  PREF   35671D782      725     5,160  SH       SHARED                           5,160
GENERAL MOTORS CORP SER C 6.25%           PREF   370442717    1,990   120,600  SH       SHARED                         120,600
GENVEC INC                                COMM   37246C109      404   229,380  SH       SHARED                         229,380
HANSEN MEDICAL INC                        COMM   411307101       51     3,626  SH       SHARED                           3,626
IKANOS COMMUNICATIONS INC                 COMM   45173E105        6     1,352  SH       SHARED                           1,352
INERGY LP                                 COMM   456615103      781    28,000  SH       SHARED                          28,000
INFINERA CORP                             COMM   45667G103      128    10,664  SH       SHARED                          10,664
KINDER MORGAN MANAGMENT LLC               COMM   49455U100    5,541   108,706  SH       SHARED                         108,706
MAGELLAN MIDSTREAM PARTNERS LP            COMM   559080106    3,807    94,000  SH       SHARED                          94,000
MARKWEST ENERGY PARTNERS LP               COMM   570759100    3,862   125,240  SH       SHARED                         125,240
MEDIWARE INFORMATION SYSTEMS              COMM   584946107      665   116,110  SH       SHARED                         116,110
NATL WESTMINSTER BK PLC SER C             PREF   638539882   14,433   575,000  SH       SHARED                         575,000
NATURAL RESOURCE PARTNERS LP              COMM   63900P103    1,191    42,000  SH       SHARED                          42,000
NETEZZA CORP                              COMM   64111N101       84     9,084  SH       SHARED                           9,084
NUSTAR ENERGY LP                          COMM   67058H102    2,567    53,000  SH       SHARED                          53,000
NUSTAR GP HOLDINGS LLC                    COMM   67059L102    1,898    75,000  SH       SHARED                          75,000
OCCAM NETWORKS INC                        COMM   67457P309        3       552  SH       SHARED                             552
ONEOK PARTNERS LP                         COMM   68268N103    4,330    75,300  SH       SHARED                          75,300
PENN VIRGINIA RESOURCE PARTNERS LP        COMM   707884102      349    14,000  SH       SHARED                          14,000
PENN VIRGINIA GP HOLDINGS LP              COMM   70788P105      812    30,000  SH       SHARED                          30,000
PLAINS ALL AMER PIPELINE LP               COMM   726503105    4,863   102,300  SH       SHARED                         102,300
PROGRESS ENERGY INC                       COMM   743263105    1,981    47,500  SH       SHARED                          47,500
PRUDENTIAL FINANCIAL INC                  COMM   744320102      177     2,265  SH       SHARED                           2,265
REGENCY ENERGY PARTNERS LP                COMM   75885Y107      963    36,000  SH       SHARED                          36,000
ROYAL BK OF SCOTLAND PLC PFD 6.25% SER P  PREF   780097762    1,731    80,000  SH       SHARED                          80,000
SCANA CORP                                COMM   80589M102    3,109    85,000  SH       SHARED                          85,000
SCHERING-PLOUGH 6.00%   8/13/10 SERIES    PREF   806605705      873     5,700  SH       SHARED                           5,700
SEMGROUP ENERGY PARTNERS LP               COMM   81662W108    1,263    50,000  SH       SHARED                          50,000
SMURFIT STONE 2/15/12 SER A CONV 7.00%    PREF   832727200      132     6,400  SH       SHARED                           6,400
SOUTHERN COMPANY                          COMM   842587107    2,386    67,000  SH       SHARED                          67,000
SPACEHAB INC                              COMM   846243400        9    15,700  SH       SHARED                          15,700
SPECTRA ENERGY PARTNERS LP                COMM   84756N109      339    14,000  SH       SHARED                          14,000
STONEMOR PARTNERS LP                      COMM   86183Q100      366    20,000  SH       SHARED                          20,000
SUNOCO LOGISTICS PARTNERS LP              COMM   86764L108    1,859    38,100  SH       SHARED                          38,100
TEPPCO PARTNERS LP                        COMM   872384102    3,621   105,000  SH       SHARED                         105,000
TARGA RESOURCES PARTNERS LP               COMM   87611X105      488    21,000  SH       SHARED                          21,000
TRANSDIGM GROUP INC                       COMM   893641100      545    14,720  SH       SHARED                          14,720
TRANSMONTAIGNE PARTNERS LP                COMM   89376V100      596    21,000  SH       SHARED                          21,000
THE TRAVELERS COMPANIES INC               COMM   89417E109   38,165   797,600  SH       SOLE                797,600
US BANCORP                                COMM   902973304    3,479   107,500  SH       SHARED                         107,500
VERIZON COMMUNICATIONS INC                COMM   92343V104    1,021    28,000  SH       SHARED                          28,000
WACHOVIA CORP                             COMM   929903102    1,296    48,000  SH       SHARED                          48,000
WASHINGTON MUTUAL 7.750% SER R            PREF   939322814      625       880  SH       SHARED                             880
WORLD WRESTLING ENTERTAINMENT INC         COMM   98156Q108      447    24,000  SH       SHARED                          24,000
XCEL ENERGY INC                           COMM   98389B100    2,434   122,000  SH       SHARED                         122,000
MAX CAPITAL GROUP LTD                     COMM   G6052F103   27,731 1,058,833  SH       SHARED                       1,058,833
PLATINUM UNDERWRITERS SER A 6.00%         PREF   G7127P142      422    13,950  SH       SHARED                          13,950