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  <TITLE> GOLFSMITH INTERNATIONAL HOLDINGS, 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 30, 2006
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  	GOLFSMITH INTERNATIONAL HOLDINGS, 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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  	333-101117
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  	16-1634897
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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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  	11000 North IH-35, Austin, Texas
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  	78753-3195
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	(512) 837-8810
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  	NA
  <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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  [&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 1.01 Entry into a Material Definitive Agreement.
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  On November 30, 2006, at a meeting of the Board of Directors (the "Board") of Golfsmith International Holdings, Inc. (the "Company"), the Board modified the Non-Employee Director Compensation Plan (the "Non-Employee Director Compensation Plan"), that it had adopted on August 21, 2006.  The Board modified the plan to authorize an immediate grant of Deferred Stock Units ("DSUs") to the Company&#x2019;s current non-employee directors for the services performed in 2006.  In addition, the Board modified the plan to provide that, when a Director is elected at any time other than an annual meeting, the Company shall grant DSUs to such newly-appointed Director at the time of his or her election.<br><br>The Board calculated the number of DSUs granted to the current non-employee directors using a base amount of $25,000 (as previously adopted by the Board) and (a) adjusted for the amount of time served by each such director during 2006 after commencement of their services as a director and prior to the Company&#x2019;s next annual meeting of stockholders anticipated to be in May 2007; and (b) based on the closing price of the Company&#x2019;s common stock on November 30, 2006, the date of the Board meeting.  Accordingly, the number of DSUs granted to each non-employee director is as follows: <br><br>Thomas Hardy               2,480.16 DSUs    <br>Larry Mondry               2,480.16 DSUs <br>Marvin Lesser              2,480.16 DSUs <br>Glenda Chamberlain         1,803.75 DSUs
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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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  	GOLFSMITH INTERNATIONAL HOLDINGS, INC.
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  <I>
  	December 5, 2006
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  	By:
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  <I>
  	Virgina Bunte
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  	Name: Virgina Bunte
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  	Title: Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16810.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9737}]
metadata_filer: {"company-data": {"conformed-name": "GOLFSMITH INTERNATIONAL HOLDINGS INC", "cik": "0001202273", "assigned-sic": "5940", "irs-number": "161634847", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52041", "film-number": "061258758"}, "business-address": {"street1": "11000 N IH-35", "city": "AUSTIN", "state": "TX", "zip": "78753-3195", "phone": "5128378810"}, "mail-address": {"street1": "11000 N IH-35", "city": "AUSTIN", "state": "TX", "zip": "78753-3195"}}
text: GOLFSMITH INTERNATIONAL HOLDINGS, 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 30, 2006
  GOLFSMITH INTERNATIONAL HOLDINGS, INC.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  333-101117
  16-1634897
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  11000 North IH-35, Austin, Texas
  78753-3195
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (512) 837-8810
  NA
  ______________________________________________
  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 1.01 Entry into a Material Definitive Agreement.
  On November 30, 2006, at a meeting of the Board of Directors (the "Board") of Golfsmith International Holdings, Inc. (the "Company"), the Board modified the Non-Employee Director Compensation Plan (the "Non-Employee Director Compensation Plan"), that it had adopted on August 21, 2006.  The Board modified the plan to authorize an immediate grant of Deferred Stock Units ("DSUs") to the Company's current non-employee directors for the services performed in 2006.  In addition, the Board modified the plan to provide that, when a Director is elected at any time other than an annual meeting, the Company shall grant DSUs to such newly-appointed Director at the time of his or her election.
  The Board calculated the number of DSUs granted to the current non-employee directors using a base amount of $25,000 (as previously adopted by the Board) and (a) adjusted for the amount of time served by each such director during 2006 after commencement of their services as a director and prior to the Company's next annual meeting of stockholders anticipated to be in May 2007; and (b) based on the closing price of the Company's common stock on November 30, 2006, the date of the Board meeting.  Accordingly, the number of DSUs granted to each non-employee director is as follows:
  Thomas Hardy               2,480.16 DSUs
  Larry Mondry               2,480.16 DSUs
  Marvin Lesser              2,480.16 DSUs
  Glenda Chamberlain         1,803.75 DSUs
  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.
  GOLFSMITH INTERNATIONAL HOLDINGS, INC.
  December 5, 2006
  By:
  Virgina Bunte
  Name: Virgina Bunte
  Title: Chief Financial Officer