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  <TITLE> Golden Telecom, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	March 21, 2006
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  	Golden Telecom, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-27423
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  	51-0391303
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	Rep. Office Golden TeleService, Inc., 1 Kozhevnichesky Proezd, Moscow, Russia,
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  	115114
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	(011-7-501) 797-9300
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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  As previously disclosed in Golden Telecom, Inc.'s (the "Company") Annual Report on Form 10-K dated March 16, 2006 and in the Current Report on Form 8-K dated March 22, 2006, Mr. Ashley Dunster resigned from the Company's Board of Directors and committees of the Board, including the Audit Committee, effective March 15, 2006.  Mr. Dunster's resignation caused the Company's Audit Committee to have only two members, which is not in compliance with Rule 4350(d) of The NASDAQ Stock Market ("Nasdaq").  The Company gave notice to Nasdaq of this non-compliance on March 17, 2006.    <br><br>The Company advised Nasdaq of its decision not to fill the vacancy on the Audit Committee created by Mr. Dunster's resignation in reliance on Nasdaq Rule 4350(d)(4)(B), which gives the Company until the earlier of its next annual meeting of shareholders (the "Annual Meeting") or one year from the date of non-compliance (i.e., March 15, 2007) to regain compliance.  The Company's next Annual Meeting is scheduled for May 18, 2006.  The Board intends to elect independent directors at the Annual Meeting and to immediately fill the vacancy on the Audit Committee with a  qualified candidate.<br><br>On March 29, 2006, the Company received a letter dated March 21, 2006 from Nasdaq confirming that the Company has until the earlier of its next Annual Meeting or March 15, 2007 to regain compliance with Nasdaq Rule 4350.  A copy of the press release announcing such matter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  99.1 Press Release announcing the Company's non-compliance with Nasdaq's Marketplace Rule 4350.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Golden Telecom, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	March 31, 2006
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  <I>
  	By:
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  <I>
  	/s/ Derek Bloom
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  <I>
  	Name: Derek Bloom
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  <I>
  	Title: Senior Vice-President, General Counsel and Corporate Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.1
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  	&nbsp;
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  Press Release announcing the Company's non-compliance with Nasdaq's Marketplace Rule 4350.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_11349.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11444}]
metadata_filer: {"company-data": {"conformed-name": "GOLDEN TELECOM INC", "cik": "0001089874", "assigned-sic": "4812", "irs-number": "510391303", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27423", "film-number": "06728082"}, "business-address": {"street1": "1 KOZHEVNICHESKY PROEZD", "city": "MOSCOW", "state": "1Z", "zip": "115114", "phone": "7-095-797-9300"}, "mail-address": {"street1": "1 KOZHEVNICHESKY PROEZD", "city": "MOSCOW", "state": "1Z", "zip": "115114"}}
text: Golden Telecom, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  March 21, 2006
  Golden Telecom, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-27423
  51-0391303
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  Rep. Office Golden TeleService, Inc., 1 Kozhevnichesky Proezd, Moscow, Russia,
  115114
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (011-7-501) 797-9300
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
  As previously disclosed in Golden Telecom, Inc.'s (the "Company") Annual Report on Form 10-K dated March 16, 2006 and in the Current Report on Form 8-K dated March 22, 2006, Mr. Ashley Dunster resigned from the Company's Board of Directors and committees of the Board, including the Audit Committee, effective March 15, 2006.  Mr. Dunster's resignation caused the Company's Audit Committee to have only two members, which is not in compliance with Rule 4350(d) of The NASDAQ Stock Market ("Nasdaq").  The Company gave notice to Nasdaq of this non-compliance on March 17, 2006.
  The Company advised Nasdaq of its decision not to fill the vacancy on the Audit Committee created by Mr. Dunster's resignation in reliance on Nasdaq Rule 4350(d)(4)(B), which gives the Company until the earlier of its next annual meeting of shareholders (the "Annual Meeting") or one year from the date of non-compliance (i.e., March 15, 2007) to regain compliance.  The Company's next Annual Meeting is scheduled for May 18, 2006.  The Board intends to elect independent directors at the Annual Meeting and to immediately fill the vacancy on the Audit Committee with a  qualified candidate.
  On March 29, 2006, the Company received a letter dated March 21, 2006 from Nasdaq confirming that the Company has until the earlier of its next Annual Meeting or March 15, 2007 to regain compliance with Nasdaq Rule 4350.  A copy of the press release announcing such matter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
  Item 9.01 Financial Statements and Exhibits.
  99.1 Press Release announcing the Company's non-compliance with Nasdaq's Marketplace Rule 4350.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Golden Telecom, Inc.
  March 31, 2006
  By:
  /s/ Derek Bloom
  Name: Derek Bloom
  Title: Senior Vice-President, General Counsel and Corporate Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press Release announcing the Company's non-compliance with Nasdaq's Marketplace Rule 4350.