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

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                         Reckson Associates Realty Corp.
                                (Name of Issuer)

                          Common Stock, Par Value $.01
                         (Title of Class of Securities)

                                    75621K106
                                 (CUSIP Number)

                               Marc Weitzen, Esq.
                                 General Counsel
                  Icahn Associates Corp. & affiliated companies
                          767 Fifth Avenue, 47th Floor
                            New York, New York 10153
                                 (212) 702-4388


           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                November 30, 2006
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of Section  240.13d-1(e),  240.13d-1(f) or 240.13d-1(g),  check
the following box / /.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





Item 1. Security and Issuer

     This  Amendment No. 1 (this  "Amendment")  amends the Schedule 13D filed on
November 27, 2006 with the  Securities  and Exchange  Commission  by High River,
Hopper,  Barberry,  Icahn Master, Icahn Offshore, CCI Offshore,  Icahn Partners,
Icahn Onshore, CCI Onshore,  Starfire,  Highcrest,  Buffalo, Meadow Star, Meadow
Partner,  Beckton,  API,  AREP,  AREH,  Oil & Gas, O & G, Gas Corp.  and Carl C.
Icahn.

     This Amendment  relates to the Common Stock,  par value $.01 per share (the
"Shares"),  of Reckson  Associates  Realty Corp.,  a Maryland  corporation  (the
"Issuer").

Item 2. Identity and Background

     Item 2 is hereby amended by adding the following:

     Icahn Reporting Persons
     -----------------------

     After the close of business on November  27, 2006,  O & G  distributed  its
interests  in  Meadow  Star to Oil & Gas  which  in turn  distributed  to  AREH.
Following  the  distributions  O & G and Oil & Gas ceased to be Icahn  Reporting
Persons.

Item 4. Purpose of Transaction

     Item 4 is hereby amended by adding the following:

     On November  30,  2006,  Meadow Star,  WH Rome  Partners LLC and  Mack-Cali
Realty, L.P. ("Mack-Cali") entered into an Amendment to the Agreement of Limited
Partnership of Rome Acquisition Limited Partnership (the "Partnership  Agreement
Amendment")  pursuant  to which  Mack-Cali  was  admitted  to Rome as a  limited
partner  on the terms set forth  therein.  A copy of the  Partnership  Agreement
Amendment is filed herewith as an exhibit and incorporated herein by reference.

     Following  the  admission of Mack-Cali as a partner,  Rome sent a letter to
the  Issuer  requesting  permission  from  the  Issuer  to  allow  Mack-Cali  to
participate  in Rome's due diligence  with respect to the Issuer,  which request
was granted.

Item 5. Interest in Securities of the Issuer

     Item 5 is hereby amended by adding the following:

     The Mack-Cali Reporting Persons (as hereinafter  defined) are Mack-Cali and
Mack-Cali  Realty  Corporation,  a  Maryland  Corporation  ("Mack  Realty,"  and
collectively,  the  "Mack-Cali  Reporting  Persons").  The  Mack-Cali  Reporting
Persons  may be  deemed to be  members  of a  "group"  with the Icahn  Reporting
Persons  and the  Macklowe  Reporting  Persons  within  the  meaning  of Section
13(d)(3) of the  Securities  Exchange Act of 1934,  as amended  (the "Act").  As
such,  the group may be deemed to  beneficially  own (as that term is defined in
Rule 13d-3  under the Act) all of the  Shares  beneficially  owned by Rome,  the
Icahn  Reporting  Persons,  the  Macklowe  Reporting  Persons and the  Mack-Cali
Reporting  Persons.  We were  advised  that as of the date of this  filing,  the
Mack-Cali  Reporting  Persons do not own any Shares and that the Mack-Cali
Reporting Persons disclaim beneficial ownership of any Shares.  Nothing
contained  herein shall be deemed to be an  admission by any of the Icahn
Reporting  Persons that they are the  beneficial  owners of Shares,  if any,
beneficially  owned by the Mack-Cali Reporting Persons.

Item 7. Material to be Filed as Exhibits

     1. Partnership Agreement Amendment, dated as of November 30, 2006.








                                    SIGNATURES

     After  reasonable  inquiry  and to the  best  of  each  of the  undersigned
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.

Dated: November 30, 2006


HIGH RIVER LIMITED PARTNERSHIP
By:  Hopper Investments LLC
     General Partner

By:  Barberry Corp.
     Sole member

  By:  /s/ Edward E. Matter
       --------------------
       Name:  Edward E. Mattner
       Title: Vice President

HOPPER INVESTMENTS LLC
By:  Barberry Corp.
     Sole member

  By:  /s/ Edward E. Mattner
       ---------------------
       Name:  Edward E. Mattner
       Title: Vice President

BARBERRY CORP.

  By:  /s/ Edward E. Mattner
       ---------------------
       Name:  Edward E. Mattner
       Title: Vice President

ICAHN PARTNERS MASTER FUND LP

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: Executive Vice President

ICAHN OFFSHORE LP

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: Executive Vice President

CCI OFFSHORE CORP.

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: President



               [Signature Page to Schedule 13D Amendment No. 1 -
                        Reckson Associates Realty Corp.]



ICAHN PARTNERS LP

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: Executive Vice President

ICAHN ONSHORE LP

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: Executive Vice President

CCI ONSHORE CORP.

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: President

MEADOW STAR LLC

  By:  /s/ Keith A. Meister
       --------------------
       Name:  Keith A. Meister
       Title: President

BECKTON CORP.

  By:  /s/ Keith Cozza
       ---------------
       Name:  Keith Cozza
       Title: Secretary


               [Signature Page to Schedule 13D Amendment No. 1 -
                        Reckson Associates Realty Corp.]



AMERICAN PROPERTY INVESTORS INC.

  By:  /s/ Hillel Moerman
       ------------------
       Name:  Hillel Moerman
       Title: Chief Financial Officer

AMERICAN REAL ESTATE PARTNERS, L.P.
By:  American Property Investors, Inc.
     General partner

  By:  /s/ Hillel Moerman
       ------------------
       Name:  Hillel Moerman
       Title: Chief Financial Officer

AMERICAN REAL ESTATE HOLDINGS LIMITED PARTNERSHIP
By:  American Property Investors, Inc.
     General partner

  By:  /s/ Hillel Moerman
       ------------------
       Name:  Hillel Moerman
       Title: Chief Financial Officer

AREH OIL & GAS CORP.

  By:  /s/ Hillel Moerman
       ------------------
       Name:  Hillel Moerman
       Title: Chief Financial Officer

ROME ACQUISITION LIMITED PARTNERSHIP

  By:  MEADOW STAR LLC
       General Partner

       By:  /s/ Keith A. Meister
            --------------------
            Name:  Keith A. Meister
            Title: President

  By:  WH ROME PARTNERS LLC
       General Partner

       By:  WH ROME INC.
            Managing Member

         By:
              ---------------------
              Name:  Harry Macklowe
              Title: President


                [Signature Page to Schedule 13D Amendment No. 1 -
                        Reckson Associates Realty Corp.]



/s/ Carl C. Icahn
-----------------
Carl C. Icahn






                [Signature Page to Schedule 13D Amendment No. 1 -
                        Reckson Associates Realty Corp.]