Listing the key issues only, here's what I have regarding the two different versions of "Tramp" from the November 26, 1956 session. They are identical in the first part of the song, so it is not an alternate take but an intercut that makes the difference. The CD-Rom Database lists all record sources for the two different versions.

There have been quite extensive debates on which version represents the "original" one and which one was the intercut. In fact, if you are into such things, it is one of the most fascinating discussions held so far on a Sinatra recording. I suppose only a complete documentary of the recording session and its individual takes (that in this case has not been done so far), or even better, a release of the session tape would clear up the questions remaining.


THE LADY IS A TRAMP (Richard Rodgers/Lorenz Hart)
Arranged and conducted by Nelson Riddle
Recorded November 26, 1956 in Hollywood, Capitol Tower
(Album sessions for „A Swingin’Affair“)
Capitol master E 16205

Take 17 (version A)
LP: Frank Sinatra Sings Rodgers & Hart (Capitol W/WD-1825, issued 1962) = UK LP of the same title (capitol UK SRS 5083)
CD: The Capitol Years (3 CD set Capitol 94777, issued December 1990)
CD: Sinatra 80th-All The Best (Capitol 35952, issued November 1995)
CD: The Great Films and Shows (4 CD set, Capitol UK 92225)

Take 17 (version B)
LP: Pal Joey (Capitol W/SW 912, issued October 1957)
CD: Pal Joey (Capitol 91249, issued 1989)
CD: A Swingin’Affair (Capitol 04518, issued 1991; bonus track)
CD: Sings The Select Rodgers & Hart (Capitol 80323, issued April 1995)

Differences between the two masters occur in several phrasings in the second part of the song after the bridge, e.g. in the word „fresh“ (...wind in your hair).
A main difference is the last line:
-17 A That’s why the lady is a tramp (last word sung long)
-17 B: That’s why the lady is a tramp (last word sung short)

Bernhard.