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  <TITLE> Diebold, Incorporated (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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  	May 16, 2006
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  	Diebold, Incorporated
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Ohio
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  	1-4879
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  	34-0183970
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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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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  	5995 Mayfair Road, P.O.Box 3077, North Canton, Ohio
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  	44720-8077
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(330) 490-4000
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  	Not Applicable
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  	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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  <B>
  	Item 8.01 Other Events.
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  On May 16, 2006, Diebold, Incorporated (the "Company") announced that it would be terminating its IT outsourcing agreement with DC Outsourcing ITO L.P., an affiliate of Deloitte Consulting LLP.  Effective June 1, 2006, the Company will take over implementation and support responsibilities for its Oracle global enterprise resource planning (ERP) system as well as other IT-related functions.  As a result of ending its IT outsourcing agreement, the Company will incur a termination fee that will result in a restructuring charge of approximately $.07 per share in the second quarter of 2006.
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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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  	Diebold, Incorporated
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  <I>
  	May 22, 2006
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  	By:
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  <I>
  	Kevin J. Krakora
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  <I>
  	Name: Kevin J. Krakora
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  	Title: Executive Vice President and Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_12673.htm", "description": "LIVE FILING", "secsgml_size_bytes": 8809}]
metadata_filer: {"company-data": {"conformed-name": "DIEBOLD INC", "cik": "0000028823", "assigned-sic": "3578", "irs-number": "340183970", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04879", "film-number": "06858535"}, "business-address": {"street1": "P.O. BOX 3077", "street2": "5995 MAYFAIR RD", "city": "CANTON", "state": "OH", "zip": "44720-8077", "phone": "3304904000"}, "mail-address": {"street1": "PO BOX 3077", "city": "CANTON", "state": "OH", "zip": "44720-8077"}}
text: Diebold, Incorporated (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):
  May 16, 2006
  Diebold, Incorporated
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Ohio
  1-4879
  34-0183970
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  5995 Mayfair Road, P.O.Box 3077, North Canton, Ohio
  44720-8077
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (330) 490-4000
  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 8.01 Other Events.
  On May 16, 2006, Diebold, Incorporated (the "Company") announced that it would be terminating its IT outsourcing agreement with DC Outsourcing ITO L.P., an affiliate of Deloitte Consulting LLP.  Effective June 1, 2006, the Company will take over implementation and support responsibilities for its Oracle global enterprise resource planning (ERP) system as well as other IT-related functions.  As a result of ending its IT outsourcing agreement, the Company will incur a termination fee that will result in a restructuring charge of approximately $.07 per share in the second quarter of 2006.
  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.
  Diebold, Incorporated
  May 22, 2006
  By:
  Kevin J. Krakora
  Name: Kevin J. Krakora
  Title: Executive Vice President and Chief Financial Officer