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  <TITLE> RailAmerica, 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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  	November 14, 2006
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  	RailAmerica, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Delaware
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  	001-32579
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  	65-0328006
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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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  	5300 Broken Sound Blvd., N.W., Boca Raton, Florida
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  	33487
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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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  	561-994-6015
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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>
  </P>
  <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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  <B>
  	Item 3.03 Material Modifications to Rights of Security Holders.
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  On November 14, 2006, the Board of Directors of RailAmerica, Inc. (the "Company") amended its 1998 Common Stock Purchase Rights Agreement (the "Rights Agreement") to provide that RR Acquisition Sub Inc., a Delaware corporation, RR Acquisition Holding LLC, a Delaware limited liability company, or any of their respective "Affiliates" or "Associates" (as such terms are defined in the Rights Agreement) would not be considered "Acquiring Persons," as that term is defined in the Rights Agreement. <br><br>Reference is made to the Fifth Amendment to Rights Agreement filed as Exhibit 4.17 hereto. The Fifth Amendment set forth in Exhibit 4.17 is incorporated by reference herein.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibits<br>Exhibit #   Description <br>4.17 Fifth Amendment to 1998 Common Stock Purchase Rights Agreement
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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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  	RailAmerica, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	November 20, 2006
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  	&nbsp;
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  <I>
  	By:
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  	&nbsp;
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  <I>
  	Michael J. Howe
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  	&nbsp;
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  <I>
  	Name: Michael J. Howe
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  <I>
  	Title: Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	4.17
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  	&nbsp;
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  Fifth Amendment to 1998 Common Stock Purchase Rights Agreement
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16551.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10522}]
metadata_filer: {"company-data": {"conformed-name": "RAILAMERICA INC /DE", "cik": "0000887637", "assigned-sic": "4011", "irs-number": "650328006", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32579", "film-number": "061230888"}, "business-address": {"street1": "5300 BROKEN SOUND BLVD NW", "city": "BOCA RATON", "state": "FL", "zip": "33487", "phone": "5619946015"}, "mail-address": {"street1": "5300 BROKEN SOUND BLVD NW", "city": "BOCA RATON", "state": "FL", "zip": "33487"}, "former-company": {"former-conformed-name": "RAILAMERICA INC", "date-changed": "19920724"}}
text: RailAmerica, 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):
  November 14, 2006
  RailAmerica, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-32579
  65-0328006
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  5300 Broken Sound Blvd., N.W., Boca Raton, Florida
  33487
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  561-994-6015
  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 3.03 Material Modifications to Rights of Security Holders.
  On November 14, 2006, the Board of Directors of RailAmerica, Inc. (the "Company") amended its 1998 Common Stock Purchase Rights Agreement (the "Rights Agreement") to provide that RR Acquisition Sub Inc., a Delaware corporation, RR Acquisition Holding LLC, a Delaware limited liability company, or any of their respective "Affiliates" or "Associates" (as such terms are defined in the Rights Agreement) would not be considered "Acquiring Persons," as that term is defined in the Rights Agreement.
  Reference is made to the Fifth Amendment to Rights Agreement filed as Exhibit 4.17 hereto. The Fifth Amendment set forth in Exhibit 4.17 is incorporated by reference herein.
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibits
  Exhibit #   Description
  4.17 Fifth Amendment to 1998 Common Stock Purchase Rights Agreement
  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.
  RailAmerica, Inc.
  November 20, 2006
  By:
  Michael J. Howe
  Name: Michael J. Howe
  Title: Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  4.17
  Fifth Amendment to 1998 Common Stock Purchase Rights Agreement