OMB APPROVAL ----------------------------- OMB Number: 3235-0006 Expires: December 31, 2009 Estimated average burden hours per response:..............22.6 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 Check here if Amendment [X]; Amendment Number: 2 This Amendment (Check only one.): [ ]is a restatement. [X] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: The Blackstone Group L.P. Address: 345 Park Avenue New York, NY 10154 Form 13F File Number: 28-13114 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert L. Friedman Title: Authorized Person Phone: (212) 583-5000 Signature, Place, and Date of Signing: /s/ Robert L. Friedman New York August 26, 2008 --------------------------- ------------------ --------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 1 Form 13F Information Table Value Total: $9,475 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. None Explanatory Notes: The Blackstone Group L.P. is managed and operated by its general partner, Blackstone Group Management L.L.C., which is in turn wholly-owned by Blackstone's senior managing directors and controlled by its two founders, Mr. Stephen A. Schwarzman and Mr. Peter G. Peterson. FORM 13F INFORMATION TABLE THE BLACKSTONE GROUP L.P. FOR QUARTER ENDED MARCH 31, 2008 ----------------------------------------------------------------------------------------------------------------------------------- Name of Issuer Title of Class CUSIP Value (x Shrs or SH/ Put/Call Investment Other Voting Authority -------------- -------------- ----- $1000) prn amt PRN Discretion Managers ------------------- ------ ------- --- -------- ---------- -------- Sole Shared None ---- ------ ---- Centennial Communications Corp. CL A NEW 15133V208 $9,475 1,603,143 SH SOLE X