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 *
  Mroczka Frank C
 2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2006		 3. Issuer Name and Ticker or Trading Symbol
ZALE CORP [ZLC]
(Last)
(First)
(Middle)
C/O ZALE CORPORATION, 901 WEST WALNUT HILL LANE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President Gordon's Jewelers
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

IRVING, TX 75038-1033		 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 (1) 11,502
D
 
Common Stock 198
I
401K

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
Stock Options (Right to buy) (2) 07/17/2003 07/17/2012 Common Stock 11,250 $ 14.15 D  
Stock Options (Right to buy) (3) 07/12/2002 07/12/2011 Common Stock 4,498 $ 15.88 D  
Stock Options (Right to buy) (4) 07/12/2001 07/12/2010 Common Stock 5,000 $ 21.52 D  
Stock Options (Right to buy) (5) 07/22/2004 07/22/2013 Common Stock 40,000 $ 23.23 D  
Stock Options (Right to buy) (6) 07/21/2005 07/21/2014 Common Stock 15,000 $ 27.44 D  
Stock Options (Right to buy) (7) 09/06/2006 09/06/2015 Common Stock 30,000 $ 27.52 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mroczka Frank C
C/O ZALE CORPORATION
901 WEST WALNUT HILL LANE
IRVING, TX 75038-1033		       President Gordon's Jewelers  

Signatures

Frank Craig Mroczka 10/11/2006
**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) Includes 2,000 restricted stock shares granted under the Zale Corporation 2003 Stock Incentive Plan that vest 100% on 7/21/2007. Also includes 5,000 time-vesting restricted stock units granted under the 2003 Stock Incentive Plan that vest 100% on 9/6/2008. This does not include 5,000 performance based restricted units granted to Mr. Mroczka on 11/11/2005 that entitle him to receive a specified number of shares of the company's common stock based on the achievement of performance targets established by the Company's Compensation Committee for fiscal years 2006 through 2008.
(2) Represents a 15,000 share grant approved under the Zale Corporation Omnibus Stock Incentive Plan that began vesting in four equal annual installments on 7/17/03.
(3) Represents an 18,000 share grant approved under the Zale Corporation Omnibus Stock Incentive Plan that began vesting in four equal annual installments on 7/12/02.
(4) Represents a 20,000 share grant approved under the Zale Corporation Omnibus Stock Incentive Plan that began vesting in four equal annual installments on 7/12/01.
(5) Represents a 40,000 share grant approved under the Zale Corporation Omnibus Stock Incentive Plan that began vesting in four equal annual installments on 7/22/2004.
(6) Reprsents a 15,000 share grant under the Zale Corporation 2003 Stock Incentive Plan that began investing in four equal annual installments on 7/21/05
(7) Represents a 30,000 share grant approved under the Zale Corporation 2003 Stock Incentive Plan and which begins vesting in four equal annual installments on 9/6/06.

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