SECURITIES AND EXCHANGE COMMISSIONWashington, D. C. 20549

ANNUAL REPORT ON FORM 10-K RELATING TO VOTING TRUST INTERESTSWITH RESPECT TO SHARES OF COMMON STOCK OFGRAYBAR ELECTRIC CO., INC.

Filed pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2008

Names and Addresses of all Voting Trustees (as of March 16, 2009):D. E. DeSousa
     34 North Meramec AvenueSt. Louis, Missouri 63105L. R. Giglio
     34 North Meramec AvenueSt. Louis, Missouri 63105T. S. Gurganous
     34 North Meramec AvenueSt. Louis, Missouri 63105R. D. Offenbacher
     34 North Meramec AvenueSt. Louis, Missouri 63105R. A. Reynolds, Jr.
     34 North Meramec AvenueSt. Louis, Missouri 63105Address to which communications to the Voting Trustees should be sent:R. A. Reynolds, Jr.c/o Graybar Electric Company, Inc.34 North Meramec AvenueSt. Louis, Missouri 63105Title of the securities deposited under the Voting Trust Agreementdated March 16, 2007 (the "2007 Voting Trust"):Common Stock, par value $1.00 per shareExact name of the issuer of such securities, as specified in its charter:Graybar Electric Company, Inc.State or other jurisdiction in which
     I.R.S. Employersuch issuer was incorporated or organized:
     Identification No.:New York
     13-0794380Address of such issuer's principal executive offices:34 North Meramec AvenueSt. Louis, Missouri 63105If the Voting Trust Interests are registered on any national securities exchange,state the name of each such exchange:None


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EXPLANATORY NOTE

The Annual Report Relating to Voting Trust Interests with respect to shares of the Common Stock of Graybar Electric Company, Inc. ("Graybar") was filed by the Voting Trustees for years prior to 1982 on Form 16-K which was discontinued by the Securities and Exchange Commission (the "Commission") pursuant to Securities Exchange Act Release No. 34-18524, effective May 24, 1982 (the "Release"). In the Release, the Commission indicated that although Form 16-K was being discontinued, voting trusts would continue to be required to file annual reports. Specific requirements respecting the form of such annual reports were to be determined on a case by case basis.

In response to inquiries to the Deputy Chief Counsel of the Commission's Division of Corporation Finance, Graybar has been informed that the Voting Trustees should file an Annual Report on Form 10-K (as the only appropriate form under Section 13 of the Securities Exchange Act of 1934), but that because the requirements of Form 10-K are generally not applicable to elicit information relevant to voting trusts, the information previously required by rescinded Form 16-K should continue to be provided in this Annual Report. For this reason, the item numbers and information in this Annual Report correspond to the item numbers and disclosure required in the past by rescinded Form 16-K and used in the Annual Report Relating to Voting Trust Interests filed with the commission by Graybar's Voting Trustees in years prior to 1982.

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INFORMATION REGARDING THE 2007 VOTING TRUST

PART I

Item 1.
     Deposit and Withdrawal of Securities (1)(2)(3)Amount
     
     Amountdeposited
     
     withdrawn
     
     Amount
     
     Percentage ofduring
     
     during
     
     held at
     
     class held atyear
     
     year(4)
     
     end of year
     
     end of year1,521,536
     
     271,869
     
     6,496,260
     
     80.7%(1)
     The securities consist of shares of Common Stock, par value $1.00per share (the "Common Stock"), of Graybar.(2)
     The 1997 Voting Trust terminated on March 31, 2007. 5,170,086 sharesof Common Stock were deposited into the 2007 Voting Trust at its inception.(3)
     Shares deposited and withdrawn during the year only cover shares that weredeposited and withdrawn with respect to the 2007 Voting Trust.(4)
     The 271,869 shares of Common Stock withdrawn from the 2007 VotingTrust in 2008 represent shares purchased by Graybar from employees, retireesor their estates in accordance with Graybar's repurchase rights under itsRestated Certificate of Incorporation. The shares so purchased were placed inGraybar's treasury.Item 2.
     Exercise of Voting RightsThe Voting Trustees did not exercise voting rights under the 2007 Voting TrustAgreement during the fiscal year with respect to any matter, except that theVoting Trustees voted the shares of Common Stock held by them in favor of theelection of 13 directors.Item 3.
     Exercise of Other PowersThe Voting Trustees exercised no powers under the 2007 Voting TrustAgreement, other than voting rights and the distribution of cash and stockdividends upon the underlying securities, during the fiscal year.


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|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Item 4. | Ownership of Voting Trust Certificates and Other Securities                                                                                                                                                                                                                                                                                                                                                                                                                
|       
|        | The following table presents information, as of March 16, 2009, as to Voting Trust Interests owned of record or beneficially by eachVoting Trustee. As of March 16, 2009, no Voting Trustee owned any securities of Graybar other than those deposited under theVoting Agreement nor any securities of Graybar's subsidiaries. No other person owns of record, or is known by the Voting Trustees toown beneficially, more than five percent of the Voting Trust Interests.
|
|
|

|                                                                    |                            |                                  |                           |                  |           |              |          |                      
|------------------------------------------------------------------- | -------------------------- | -------------------------------- | ------------------------- | ---------------- | --------- | ------------ | -------- | ---------------------
|Name and addressof owner                                            |                            | Name of issuerand title of class |                           | Type ofownership |           | Amount owned |          | Percent ofclass owned
|
|                                                                   
|D. E. DeSousa34 North Meramec AvenueSt. Louis, Missouri 63105       | Voting Trust Interests (A) |                                  | Of record andbeneficially |                  | 9,533(B)  |              | .121%(C)
|
|
|                                                                   
|L. R. Giglio34 North Meramec AvenueSt. Louis, Missouri 63105        | Voting Trust Interests (A) |                                  | Of record andbeneficially |                  | 13,501(B) |              | .172%(C)
|
|
|                                                                   
|T. S. Gurganous34 North Meramec AvenueSt. Louis, Missouri 63105     | Voting Trust Interests (A) |                                  | Of record andbeneficially |                  | 14,436(B) |              | .184%(C)
|
|
|                                                                   
|R. D. Offenbacher34 North Meramec AvenueSt. Louis, Missouri 63105   | Voting Trust Interests (A) |                                  | Of record andbeneficially |                  | 17,722(B) |              | .226%(C)
|
|
|                                                                   
|R. A. Reynolds, Jr.34 North Meramec AvenueSt. Louis, Missouri 63105 | Voting Trust Interests (A) |                                  | Of record andbeneficially |                  | 30,060(B) |              | .383%(C)
|
|
|                                                                   
|                                                                    |                            |                                  |                           |                  |           |              |          |                      

|(A) | Issued under the 2007Voting Trust Agreement dated as of March 16, 2007.                                                                                
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|(B) | The number of shares of Common Stock to which such Voting Trust Interests relate.                                                                      
|(C) | As of March 16, 2009, the Voting Trustees together held of record 7,846,652 shares of Common Stock, or 80.7% of the outstanding shares of Common Stock.

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Item 5.
     Business Experience of Voting Trustees.The information with respect to the business experience of theVoting Trustees required to be included pursuant to this Item 5 will beincluded under the caption "Directors -- Nominees for Election asDirectors" in Graybar's Information Statement relating to the 2009 AnnualMeeting of Shareholders (the "Information Statement"), to be filed with theCommission pursuant to Rule 14(c)-5 under the Securities Exchange Actof 1934, and is incorporated herein by reference.Item 6.
     Business and Professional Connection of VotingTrustees with Issuer, Affiliates and Underwriters.The information with respect to the business and professionalconnections of each Voting Trustee with Graybar and any of its affiliateswill be included under the caption "Directors -- Nominees for Election asDirectors" in the Information Statement and is incorporated herein byreference.Item 7.
     Other Activities of Voting Trustees.Except as described in this Annual Report, the Voting Trustees didnot perform any other activities during the fiscal year.Item 8.
     Representation of Other Persons by Voting Trustees.The Voting Trustees represented no persons other than holders ofVoting Trust Interests during the fiscal year.Item 9.
     Remuneration of Voting Trustees.The following table presents information as to the aggregateremuneration received by each Voting Trustee for services in allcapacities during the fiscal year from Graybar and its subsidiaries. NoVoting Trustee received any remuneration from any person or persons foracting as Voting Trustee.


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Cash CompensationSalaries,Bonusesand Directors Fees(1)Capacities in whichCompensation ReceivedName of Voting TrusteeD. E. DeSousa
     
     Director andSenior Vice President -U.S. Business
     
     $    464,733L. R. Giglio
     
     Director and SeniorVice President -Operations
     
     440,247T. S. Gurganous
     
     Director andDistrict Vice President
     
     317,437R. D. Offenbacher
     
     Director andSenior Vice President -Sales and Marketing, Electrical
     
     447,098R. A. Reynolds, Jr.
     
     Director, Chairman ofThe Board, President andChief Executive Officer
     
     1,171,101


(1)
     Includes meeting fees of $300 for attendance at directors' meetings of Graybar and remuneration paid March 13, 2009 under Graybar's Management Incentive Plan with respect to services rendered during 2008.


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Item 12.
     Lists of Exhibits Filed(4)
     Instruments defining the rights of security holders, includingindentures.The Voting Trust Agreement dated as of March 16, 2007, attachedas Annex A to the Prospectus, dated January 18, 2007, constituting a partof the Registration Statement on Form S-1 (Registration No. 333-139992),is incorporated herein by reference.


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SIGNATURESPursuant to the requirements of the Securities Exchange Act of 1934, asamended, this Annual Report on Form 10-K, amended as prescribed by theCommission, has been signed below by the following persons, as VotingTrustees, as of March 26, 2009, said Trustees being invested with the power tobind all of the Voting Trustees.As trustees under the Voting Trust Agreementdated as of March 16, 2007.By
     /S/ D. E. DESOUSAD.E. DESOUSA/S/ L. R. GIGLIOL. R. GIGLIO/S/ T. S. GURGANOUST. S. GURGANOUS/S/ R. D. OFFENBACHERR. D. OFFENBACHER/S/ R. A. REYNOLDS, JR.R. A. REYNOLDS, JR.


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