FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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 * MILLER STUART A   2. Issuer Name and Ticker or Trading Symbol LENNAR CORP /NEW/ [LEN, LEN.B] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and C.E.O. (Last) (First) (Middle) 700 NORTHWEST 107TH AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2006 (Street) MIAMI, FL 33172 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock               16,660 I By ESOP Trust Class B Common Stock               1,668 I By ESOP Trust Class B Common Stock               21,207,996 I By Limited Partnerships (4) Class A Common Stock 03/01/2006   M   10,970 A $ 20.152 833,430 D   Class B Common Stock 03/01/2006   M   1,097 A $ 0 (3) 74,519 D   Class A Common Stock               36,850 I By Trust (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class A Common Stock (1)

$ 0

08/08/1988(2)

08/08/1988(2)

Class A Common Stock

60,000

60,000

D

Class B Common Stock (1)

$ 0

08/08/1988(2)

08/08/1988(2)

Class B Common Stock

6,000

6,000

D

Option (Right to Buy)

$ 20.152

03/01/2006

M

10,970

03/06/2002

03/06/2006

Class A Common Stock

10,970

$ 0

0

D

Option (Right to Buy)

$ 0

08/08/1988(2)

08/08/1988(2)

Class A Common Stock

1,388,320

1,388,320

D

Option (Right to Buy)

$ 0 (3)

03/01/2006

M

1,097

03/06/2002

03/06/2006

Class B Common Stock

1,097

$ 0

0

D

Option ( Right to Buy)

$ 0

08/08/1988(2)

08/08/1998(2)

Class B Common Stock

58,831

58,831

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MILLER STUART A 700 NORTHWEST 107TH AVENUE MIAMI, FL 33172	X	X	President and C.E.O.

Signatures

Michael Francis as Attorney-In-Fact for Stuart A. Miller		03/03/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Contractual right to receive shares in the future.
(2)	No activity is being reported. The SEC staff has designated 8/8/88 as a "dummy date." Information is included to disclose holdings following the reported transactions or other holdings not affected by the reported transactions.
(3)	The Class B Common Stock was issued as a result of anti-dilution provisions with regard to exercises of options that originally related to Class A Common Stock
(4)	Mr. Miller has sole or shared investment power with respect to these shares, even though he has only limited a pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.

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