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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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  	February 15, 2006
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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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  	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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  	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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  	&nbsp;
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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>
  </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 1.01 Entry into a Material Definitive Agreement.
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  On February 16, 2006, the Board of Directors of MoneyGram International, Inc. ("MGI") approved the following:<br><br>&#x2022;	MoneyGram International, Inc. Deferred Compensation Plan. Upon recommendation by the Human Resources Committee of the Board, the MoneyGram International, Inc. Supplemental 401(k) Plan (the "Supplemental 401(k) Plan") was amended and restated, and renamed as the MoneyGram International, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan"), to permit eligible employees to elect to defer certain incentive pay awards.  Effective January 1, 2006, MGI established the Supplemental 401(k) Plan as a nonqualified, unfunded deferred compensation plan to permit eligible employees to defer certain compensation and receive matching credits on such deferrals.  Adopted in 2005, the Supplemental 401(k) Plan was a successor plan to the nonqualified, unfunded deferred compensation plan known as the MoneyGram International, Inc. Supplemental Profit Sharing Plan (the "Profit Sharing Plan"), which provided eligible employees with supplemental profit sharing credits.  The Profit Sharing Plan was merged with and continues to be operated under the terms of the Deferred Compensation Plan.  The Deferred Compensation Plan will be filed as an exhibit to MGI's next periodic report.<br><br>On February 15, 2006, the Human Resources Committee of the Board approved the following:<br><br>&#x2022;	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Performance-Based Restricted Stock Agreement (United States version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.<br><br>&#x2022;	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement (United States version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.<br><br>&#x2022;	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement (United Kingdom version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.<br><br>&#x2022;	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement for Directors.  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.<br><br>&#x2022;	Payouts and Performance Factors under the MoneyGram International, Inc. Amended and Restated Management and Line of Business Incentive Plan.  The Committee approved the payout of bonuses to MGI&#x2019;s Named Executive Officers (listed below) based on the achievement of targets on earnings per share, net revenue and cash flow.  In addition, the following performance goals were established for 2006: recertification and institutionalization of Sarbanes-Oxley Section 404; establishment of the initial phase of an enterprise risk management program; and the implementation of the initial phase of change management audit recommendations.  The following bonus amounts will be paid for 2005 to the Named Executive Officers listed:<br><br>Philip W. Milne  $1,056,800<br>David J. Parrin  $369,400<br>Anthony P. Ryan  $327,500<br>William J. Putney  $322,800<br>Mary A. Dutra  $264,900<br>
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  <B>
  	Item 8.01 Other Events.
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  On February 16, 2006, MGI issued a press release announcing the declaration of a quarterly dividend of $0.04 per share on common stock, payable on April 3, 2006 to stockholders of record at the close of business on March 17, 2006. The press release announcing the dividend is furnished 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>
  	February 22, 2006
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  	&nbsp;
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  	By:
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  <I>
  	David J. Parrin
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  	&nbsp;
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  <I>
  	Name: David J. Parrin
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  	&nbsp;
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  <I>
  	Title: Executive Vice President and Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.01
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  	&nbsp;
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  <FONT SIZE="2">
  MGI Press Release Announcing Quarterly Dividend
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10426.htm", "description": "LIVE FILING", "secsgml_size_bytes": 13248}]
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": "06636375"}, "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):
  February 15, 2006
  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 February 16, 2006, the Board of Directors of MoneyGram International, Inc. ("MGI") approved the following:
  •	MoneyGram International, Inc. Deferred Compensation Plan. Upon recommendation by the Human Resources Committee of the Board, the MoneyGram International, Inc. Supplemental 401(k) Plan (the "Supplemental 401(k) Plan") was amended and restated, and renamed as the MoneyGram International, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan"), to permit eligible employees to elect to defer certain incentive pay awards.  Effective January 1, 2006, MGI established the Supplemental 401(k) Plan as a nonqualified, unfunded deferred compensation plan to permit eligible employees to defer certain compensation and receive matching credits on such deferrals.  Adopted in 2005, the Supplemental 401(k) Plan was a successor plan to the nonqualified, unfunded deferred compensation plan known as the MoneyGram International, Inc. Supplemental Profit Sharing Plan (the "Profit Sharing Plan"), which provided eligible employees with supplemental profit sharing credits.  The Profit Sharing Plan was merged with and continues to be operated under the terms of the Deferred Compensation Plan.  The Deferred Compensation Plan will be filed as an exhibit to MGI's next periodic report.
  On February 15, 2006, the Human Resources Committee of the Board approved the following:
  •	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Performance-Based Restricted Stock Agreement (United States version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.
  •	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement (United States version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.
  •	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement (United Kingdom version).  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.
  •	Form of MoneyGram International, Inc. 2005 Omnibus Incentive Plan Non-Qualified Stock Option Agreement for Directors.  A copy of the form of agreement will be filed as an exhibit to MGI's next periodic report.
  •	Payouts and Performance Factors under the MoneyGram International, Inc. Amended and Restated Management and Line of Business Incentive Plan.  The Committee approved the payout of bonuses to MGI's Named Executive Officers (listed below) based on the achievement of targets on earnings per share, net revenue and cash flow.  In addition, the following performance goals were established for 2006: recertification and institutionalization of Sarbanes-Oxley Section 404; establishment of the initial phase of an enterprise risk management program; and the implementation of the initial phase of change management audit recommendations.  The following bonus amounts will be paid for 2005 to the Named Executive Officers listed:
  Philip W. Milne  $1,056,800
  David J. Parrin  $369,400
  Anthony P. Ryan  $327,500
  William J. Putney  $322,800
  Mary A. Dutra  $264,900
  Item 8.01 Other Events.
  On February 16, 2006, MGI issued a press release announcing the declaration of a quarterly dividend of $0.04 per share on common stock, payable on April 3, 2006 to stockholders of record at the close of business on March 17, 2006. The press release announcing the dividend is furnished 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.
  February 22, 2006
  By:
  David J. Parrin
  Name: David J. Parrin
  Title: Executive Vice President and Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.01
  MGI Press Release Announcing Quarterly Dividend