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  <TITLE> MoneyGram International, 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 5, 2007
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  	MoneyGram International, 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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  	1-31950
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  	16-1690064
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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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  	&nbsp;
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  	1550 Utica Avenue South, Suite 100, Minneapolis, Minnesota
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  	55416
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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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  	952-591-3000
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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 1.01 Entry into a Material Definitive Agreement.
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  On November 5, 2007, MGI entered into an amended and restated employment agreement with Philip W. Milne, its Chairman, President and Chief Executive Officer. The Employment Agreement was amended and restated to, among other things, achieve compliance with Internal Revenue Code Section 409A, as well as other regulations pertaining to welfare plans.  The amended and restated agreement contains the following changes from the original Employment Agreement dated August 19, 2005 as filed on August 23, 2005: (i) severance payments, if applicable, and certain other deferred compensation payments will be made on the first day of the seventh month following separation from service; (ii) MGI will provide office and secretarial support for Mr. Milne under certain circumstances following his separation from service but Mr. Milne will pay for the first six months of post-retirement office and secretarial support and be reimbursed in full at the expiration of such period; and (iii) continuation of various welfare benefits is clarified.  The Amended and Restated Employment Agreement is filed herewith as Exhibit 99.01.
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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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  	MoneyGram International, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	November 8, 2007
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  	&nbsp;
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  	By:
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  <I>
  	/s/ Teresa H. Johnson
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  	&nbsp;
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  <I>
  	Name: Teresa H. Johnson
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  <I>
  	Title: Executive Vice President, General Counsel and Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	99.01
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  	&nbsp;
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  Amended and Restated Employment Agreement between MGI and Philip W. Milne dated November 5, 2007
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_23712.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10682}]
metadata_filer: {"company-data": {"conformed-name": "MONEYGRAM INTERNATIONAL INC", "cik": "0001273931", "assigned-sic": "7389", "irs-number": "161690064", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31950", "film-number": "071224184"}, "business-address": {"street1": "1550 UTICA AVENUE SOUTH", "city": "MINNEAPOLIS", "state": "MN", "zip": "55416", "phone": "9525913000"}, "mail-address": {"street1": "1550 UTICA AVENUE SOUTH", "city": "MINNEAPOLIS", "state": "MN", "zip": "55416"}}
text: MoneyGram International, 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 5, 2007
  MoneyGram International, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  1-31950
  16-1690064
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  1550 Utica Avenue South, Suite 100, Minneapolis, Minnesota
  55416
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  952-591-3000
  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 1.01 Entry into a Material Definitive Agreement.
  On November 5, 2007, MGI entered into an amended and restated employment agreement with Philip W. Milne, its Chairman, President and Chief Executive Officer. The Employment Agreement was amended and restated to, among other things, achieve compliance with Internal Revenue Code Section 409A, as well as other regulations pertaining to welfare plans.  The amended and restated agreement contains the following changes from the original Employment Agreement dated August 19, 2005 as filed on August 23, 2005: (i) severance payments, if applicable, and certain other deferred compensation payments will be made on the first day of the seventh month following separation from service; (ii) MGI will provide office and secretarial support for Mr. Milne under certain circumstances following his separation from service but Mr. Milne will pay for the first six months of post-retirement office and secretarial support and be reimbursed in full at the expiration of such period; and (iii) continuation of various welfare benefits is clarified.  The Amended and Restated Employment Agreement is filed herewith as Exhibit 99.01.
  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.
  MoneyGram International, Inc.
  November 8, 2007
  By:
  /s/ Teresa H. Johnson
  Name: Teresa H. Johnson
  Title: Executive Vice President, General Counsel and Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.01
  Amended and Restated Employment Agreement between MGI and Philip W. Milne dated November 5, 2007