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 *   Anderson Carol V. 2. Date of Event Requiring Statement (Month/Day/Year) 11/13/2008 3. Issuer Name and Ticker or Trading Symbol Chemtura CORP [CEM] (Last) (First) (Middle) 199 BENSON ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP and Treasurer 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) MIDDLEBURY, CT US 06749 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 2,755 (4) I By Employee Stock Purchase Plan Common Stock 1,934.32 (4) I By Savings Plan 401K Trust Common Stock 11,569 (1) D Â

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
NQ Stock Options (Right to Buy)	11/23/2010	12/22/2014	Common Stock	3,000	$ 11.24	D	Â
NQ Stock Options (Right to Buy)	02/23/2008	03/22/2015	Common Stock	3,750	$ 12.92	D	Â
NQ Stock Options (Right to Buy)	03/06/2009	04/05/2016	Common Stock	6,000	$ 10.75	D	Â
NQ Stock Options (Right to Buy)	02/16/2009(2)	02/16/2017	Common Stock	8,700	$ 12.06	D	Â
NQ Stock Options (Right to Buy)	02/28/2009(3)	02/28/2018	Common Stock	20,000	$ 8.71	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Anderson Carol V. 199 BENSON ROAD MIDDLEBURY, CT US 06749	Â	Â	  VP and Treasurer	Â

Signatures

Carol V. Anderson		11/21/2008
**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)	Included in this amount are the following amounts: 2,000 shares attributable to Restricted Stock Account 2006-2008 LTIP granted 3/6/2006, 1,000 time-based shares attributable to Restricted Stock Account 2006 LTIP granted 2/16/2007, 6,700 shares attributable to Restricted Stock Account 2008-2010 LTIP granted 2/28/2008. Certain amounts attributable to the foregoing Restricted Stock Accounts are subject to vesting requirements and thus may not be distributed. Certain amounts attributable to Restricted Stock Account 2006-2008 LTIP have been included, even though they may have been reportable on Table II. In order to provide consistency in reporting, the Reporting Person is voluntarily reporting the entire amount of the grant on Table I even though the Reporting Person may be required to report on Table I only those amounts which have vested pursuant to the terms of the grant.
(2)	On 2/16/2009 2,175 options become exercisable, on 2/16/2010 2,175 options become exercisable, and on 2/16/2011 2,175 options become exercisable.
(3)	On 2/28/2009 5,000 options become exercisable, on 2/28/2010 5,000 options become exercisable, on 2/28/2011 5,000 options become exercisable, and on 2/28/2012 5,000 options become exercisable.
(4)	Amount held as of October 31, 2008.

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