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 *
  Callas James
 2. Date of Event Requiring Statement (Month/Day/Year)
10/16/2006		 3. Issuer Name and Ticker or Trading Symbol
ALTERA CORP [ALTR]
(Last)
(First)
(Middle)
101 INNOVATION DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
VP, Finance & Corp Controller / VP, Finance & Corp Controller
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN JOSE, CA 95134		 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 6,000
D
 

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
Non-Qualified Stock Option (right to buy) 02/01/2002(1) 12/16/2008 Common Stock 28,000 $ 13.0157 D  
Non-Qualified Stock Option (right to buy) 12/03/2003(2) 12/03/2012 Common Stock 45,000 $ 13.91 D  
Non-Qualified Stock Option (right to buy) 04/29/1999(3) 03/29/2009 Common Stock 80,000 $ 15.4063 D  
Non-Qualified Stock Option (right to buy) 01/03/2006(2) 01/03/2015 Common Stock 55,000 $ 20.04 D  
Non-Qualified Stock Option (right to buy) 02/01/2005(4) 12/03/2011 Common Stock 55,000 $ 22.49 D  
Non-Qualified Stock Option (right to buy) 02/01/2003(5) 12/14/2009 Common Stock 25,000 $ 22.7188 D  
Non-Qualified Stock Option (right to buy) 01/05/2005(2) 01/05/2014 Common Stock 45,000 $ 23.47 D  
Non-Qualified Stock Option (right to buy) 02/01/2004(6) 12/20/2010 Common Stock 40,000 $ 24.625 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Callas James
101 INNOVATION DRIVE
SAN JOSE, CA 95134		       VP, Finance & Corp Controller VP, Finance & Corp Controller

Signatures

By: Joanne Norgart by pwr of attny For: James Callas 11/13/2006
**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) Option shall vest to the extent of one-twelfth of the shares subject to such option at the end of each month following January 1, 2002.
(2) Option Vests 25% one year from grant date and then monthly over three years.
(3) Option shall vest in equal monthly installments over 4 years
(4) Option Vesting monthly during 2005
(5) Option shall vest to the extent of one-twelfth of the shares subject to such option at the end of each month following January 1, 2003.
(6) Option shall vest to the extent of one-twelfth of the shares subject to such option at the end of each month following January 1, 2004.

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