Form 3 HOME DEPOT INC For: Sep 03 Filed by: Kane James R (10K)

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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1. Name and Address of Reporting Person^*

Kane James R

(Last)

(First)

(Middle)

2455 PACES FERRY ROAD, NW

(Street)

ATLANTA

30331

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/03/2008

3. Issuer Name and Ticker or Trading Symbol
HOME DEPOT INC [HD]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President - Northern Division

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
$.05 Common Stock	28,906.5663 ⁽¹⁾	D

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 Excercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Excercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restoration Plan Stock Units	⁽²⁾	⁽²⁾	Common Stock	589.9496	$ ⁽²⁾	D
Stock Options	⁽³⁾	02/11/2009	Common Stock	2,637	$ 37.91	D
Stock Options	⁽³⁾	02/11/2009	Common Stock	738	$ 37.91	D
Stock Options	⁽³⁾	08/08/2009	Common Stock	22,500	$ 37.29	D
Stock Options	⁽³⁾	02/24/2010	Common Stock	1,886	$ 53	D
Stock Options	⁽³⁾	02/24/2010	Common Stock	6,000	$ 53	D
Stock Options	⁽³⁾	02/21/2011	Common Stock	16,000	$ 40	D
Stock Options	⁽³⁾	08/15/2011	Common Stock	7,500	$ 49.89	D
Stock Options	⁽³⁾	04/28/2012	Common Stock	20,000	$ 46.96	D
Stock Options	⁽³⁾	08/21/2012	Common Stock	20,000	$ 33.86	D
Stock Options	⁽³⁾	03/18/2013	Common Stock	10,500	$ 24.55	D
Stock Options	⁽⁴⁾	03/16/2014	Common Stock	10,000	$ 36.5	D
Stock Options	⁽⁵⁾	03/22/2015	Common Stock	5,800	$ 37.7	D
Stock Options	⁽⁶⁾	03/20/2017	Common Stock	9,215	$ 38.74	D
Stock Options	⁽⁶⁾	03/18/2018	Common Stock	24,946	$ 26.84	D

Explanation of Responses:

1. Includes 1,031.5663 shares held under Employee Stock Purchase Plan.

2. The restoration plan stock units were acquired under The Home Depot FutureBuilder Restoration Plan and convert to shares of common stock on a one-for-one basis upon a distribution event under the terms of the Plan.

3. The options have vested in their entirety and are fully exercisable.

4. The stock options were issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan. 7,500 of the options are currently exercisable and 2,500 options become exercisable on 03/17/2009.

5. The stock options were issued under The Home Depot, Inc. 1997 Omnibus Stock Incentive Plan. 2,900 of the options are currently exercisable and 1,450 options become exercisable on 03/23/2009 and 03/23/2010.

6. The stock options were issued under The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan and vest in 25% increments beginning on the second anniversary of the grant date.

	/s/ James R. Kane	09/12/2008
	** 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 Number.

LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS


The undersigned hereby constitutes and appoints each of Jack A. VanWoerkom,
Jonathan M. Gottsegen and Rita L. Fadell, the undersigned's true and lawful
attorney-in-fact to:

(1)execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer or director of The Home Depot, Inc. (the "Company"), reports on
Form 3, Form 4 and Form 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder;

(2)do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such report on Form 3,
Form 4 or Form 5, complete and execute any amendment or amendments thereto, and
timely file such form with the Securities and Exchange Commission and any stock
exchange or similar authority; and

(3)take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of either such attorney-in-fact, may be of
benefit to, in the best interest of, or legally required by, the undersigned, it
being understood that the documents executed by each such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as each such attorney-in-fact
may approve in each such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that each such attorney-in-fact shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with, or liabilities that may arise
under, Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file reports on Form 3, Form 4 and Form 5
with respect to the undersigned's holdings of and transactions in securities
issued by the Company, unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 9th day of September, 2008.




                                         /s/ James R. Kane       
                                         _________________________________
                                         Signature


                                         James R. Kane       
                                         _________________________________
                                         Print Name



STATE OF GEORGIA

COUNTY OF DEKALB        



On this 9th day of September, 2008 James R. Kane personally appeared before me,
and acknowledged that he executed the foregoing instrument for the purposes
therein contained.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.


                                         /s/ Tarrah D. Gales       
                                         _________________________________
                                         Notary Public: Tarrah D. Gales

                                                
                                         My Commission Expires: 06/04/2009

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