FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

Ebers Kevin H

2. Date of Event Requiring Statement (MM/DD/YYYY)
2/26/2008 

3. Issuer Name and Ticker or Trading Symbol

BERKLEY W R CORP [BER]

(Last)        (First)        (Middle)

W. R. BERKLEY CORPORATION, 475 STEAMBOAT ROAD

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
SVP - Information Technology /

(Street)

GREENWICH, CT 06830       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


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   16962   (1) D  
 
Common Stock   4322   (2) I   By 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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
Common Stock   5/12/2001   (3) 5/12/2008   Employee Stock Option (Right to Buy)   12707   $9.35   D  
 
Common Stock   5/9/2003   (4) 5/9/2010   Employee Stock Option (Right to Buy)   15188   $4.27   D  
 
Common Stock   8/6/2005   (5) 8/6/2012   Employee Stock Option (Right to Buy)   12657   $10.07   D  
 

Explanation of Responses:
( 1)  Includes 13,875 shares of common stock underlying restricted stock units that are scheduled to vest as follows: 3,375 on August 3, 2009; and 10,500 on August 2, 2010.
( 2)  Represents shares of W. R. Berkley Corporation common stock owned under the W. R. Berkley Corporation Profit Sharing Plan. The number of shares in this report is based on a statement of account dated February 27, 2008.
( 3)  This option became exercisable in four equal installments on May 12, 2001, May 12, 2002, May 12, 2003 and May 12, 2004.
( 4)  This option became exercisable in four equal installments on May 9, 2003, May 9, 2004, May 9, 2005 and May 9, 2006.
( 5)  This option is exercisable in four equal installments. The first three installments became exercisable on August 6, 2005, August 6, 2006 and August 6, 2007. The last installment becomes exercisable on August 6, 2008.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ebers Kevin H
W. R. BERKLEY CORPORATION
475 STEAMBOAT ROAD
GREENWICH, CT 06830


SVP - Information Technology

Signatures
Kevin H. Ebers 2/29/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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