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SEC FORM 3 SEC Form 3
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
or Section 30(h) of the Investment Company Act of 1940 		 
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1. Name and Address of Reporting Person*
KALUSTIAN JAMES M
(Last) (First) (Middle)
901 MARQUETTE AVE.
SUITE 3200
(Street)
MINNEAPOLIS MN 55402
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/04/2006 		3. Issuer Name and Ticker or Trading Symbol
FAIR ISAAC CORP [ FIC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
 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 Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
No non-derivative securities owned 0 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 Exercise Price of Derivative Security 5. Ownership Form: 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
Non-Qualified Stock Option (right to buy) 12/20/2006(1) 12/19/2012 Common Stock 20,000 43.58 D
Non-Qualified Stock Option (right to buy) 06/09/2006(2) 06/08/2015 Common Stock 10,000 35.59 D
Non-Qualified Stock Option (right to buy) 11/10/2005(3) 11/14/2014 Common Stock 26,500 32.01 D
Incentive Stock Option (right to buy) 01/01/2001(4) 08/10/2006 Common Stock 106 83.74 D
Incentive Stock Option (right to buy) 02/08/2002(5) 02/08/2009 Common Stock 4,180 40.56 D
Incentive Stock Option (right to buy) 01/17/2004(6) 07/17/2007 Common Stock 4,932 12.45 D
Incentive Stock Option (right to buy) 02/08/2002(5) 02/08/2009 Common Stock 12,540 40.56 D
Incentive Stock Option (right to buy) 01/30/2005(7) 07/30/2008 Common Stock 4,180 35.05 D
Explanation of Responses:
1. This option vests in four equal installments commencing on December 20, 2006.
2. This option vests in four equal installments commencing on June 9, 2006.
3. This option vests in four equal installments commencing on November 10, 2005.
4. This option vests in three equal installments commencing on January 1, 2001.
5. This option vests in five equal installments commencing on February 8, 2002.
6. This option vests in four equal installments commencing on January 17, 2004.
7. This option vests in four equal installments commencing on January 30, 2005.
Remarks:
/s/ Nancy E. Fraser, Attorney-in-fact 05/12/2006
** 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.
POWER OF ATTORNEY


KNOW ALL BY THESE PRESENTS, the undersigned hereby constitutes and appoints
ANDREA M. FIKE, NANCY E. FRASER, and CHARLES M. OSBORNE, 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 and / or director of Fair Isaac Corporation (the "Company"), Forms
3, 4 and 5, including Form ID application and verification, in accordance with
Section 16(a) of the Securities Exchange Act of 1934, as amended, and the rules
and regulations 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 Form ID, Form 3,
4 or 5 and timely file such form with the United States 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 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 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 such attorney-in-fact may approve in such
attorney-in-fact's discretion.

The undersigned hereby grants to 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 such attorney-in-fact or
attorney-in-fact's substitute or substitutes, 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 attorney-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is the Company assuming, any of the undersigned's responsibilities to comply
with 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 Forms 3, 4 and 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 attorney-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused the Power of Attorney to be
executed as of this 10th day of May 2006.




/s/ James M. Kalustian