GREIF, INC — Director's Dealing 2007

Feb 28, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2007-02-26

Reporting Person: LANE KAREN P (Sr. VP People Srv/Talent Dev)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	0	Direct
Class B Common Stock	0	Direct

Footnotes

F1: The reporting person does not own any Greif Class A Common Stock.

F2: The reporting person does not own any Greif Class B Common Stock.