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        STATES</strong></font></div>
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        AND EXCHANGE COMMISSION</strong></font></div>
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        DC 20549</strong></font></div>
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        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        REPORT</strong></font></div>
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        to Section 13 or 15 (d) of the</strong></font></div>
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        Exchange Act of 1934</strong></font></div>
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              <td width="40%" style="BORDER-BOTTOM: #ffffff thin solid">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="2">Date
                  of Report (Date of earliest event
                  reported):</font></div>
              </td>
              <td width="2%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
              <td width="30%" style="BORDER-BOTTOM: #000000 thin solid">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">January
                  3, 2006</font></div>
              </td>
              <td width="28%">&#160;</td>
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              <td width="10%">&#160;</td>
              <td width="80%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">TAKE
                  TWO INTERACTIVE SOFTWARE,
                  INC.</font></div>
              </td>
              <td width="10%">&#160;</td>
            </tr>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Exact
                  name of registrant as specified in its
                  charter)</font></div>
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            <tr>
              <td valign="top" width="32%" style="BORDER-BOTTOM: black thin solid">
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              </td>
              <td width="2%">&#160;</td>
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              <td width="2%">&#160;</td>
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                  or Other</font></div>
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              <td width="2%">&#160;</td>
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                  Employer</font></div>
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                  No.)</font></div>
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              <td width="2%">&#160;</td>
              <td valign="top" width="32%">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

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                <td width="70%" style="BORDER-BOTTOM: #000000 thin solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">622
                    Broadway, New York, NY</font></div>
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                <td width="28%" style="BORDER-BOTTOM: #000000 thin solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">10012</font></div>
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              <tr bgcolor="#ffffff">
                <td width="70%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Address
                    of Principal Executive
                    Offices)</font></div>
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                <td width="2%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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                <td width="28%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Zip
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                </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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                <td width="50%" style="BORDER-BOTTOM: #ffffff thin solid">
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                <td width="2%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
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                    536-2842</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="center">
          <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

              <tr bgcolor="#ffffff">
                <td width="10%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
                <td width="80%" style="BORDER-BOTTOM: #000000 thin solid">
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                    Applicable</font></div>
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                <td width="10%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
              </tr>
              <tr bgcolor="#ffffff">
                <td width="10%">&#160;</td>
                <td width="80%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Former
                    Name or Former Address, if Changed Since
                    Last Report)</font></div>
                </td>
                <td width="10%">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
        </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
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        communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)</font></div>
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        material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)</font></div>
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        240.14d-</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2(b))</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">I</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">tem
        1.01.
        Entry into a Material Definitive Agreement</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        5.02. Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officers.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        January 3, 2006, Gary Lewis , the Global Chief Operating Officer of Take-Two
        Interactive Software, Inc. (the &#8220;Company&#8221;), advised the Company that he was
        invoking the provisions of Section 6(i) of his July 30, 2004 employment
        agreement (the &#8220;2004 Employment Agreement&#8221;) with the Company which provides for
        him to relinquish his position as the Company&#8217;s Global Chief Operating Officer
        (which he has done effective January 3, 2006) and to return to his former
        position at the Company&#8217;s wholly-owned subsidiary, Take 2 Interactive Software
        Europe Limited (&#8220;Take 2 Europe&#8221;), located in the United Kingdom, under the terms
        and conditions of an agreement to be negotiated. In the interim, Mr. Lewis
        will
        be employed pursuant to the terms and condition of the agreement attached
        as
        Exhibit A to the 2004 Employment Agreement (the &#8220;Interim Employment Agreement&#8221;),
        except that he will not receive any new options to purchase Company common
        stock
        and his new title and duties and responsibilities will be modified.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Interim Employment Agreement provides for Mr. Lewis&#8217; employment by Take 2 Europe
        at an annual salary of 180,000 pound sterling plus the pound sterling equivalent
        of $100,000 for a period until either party terminates the employment by
        giving
        at least 18 months prior written notice or such earlier termination as provided
        in the Interim Employment Agreement. In addition, under the Interim Employment
        Agreement Mr. Lewis is also entitled to certain benefits, including pension
        benefits and a car allowance. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        brief description of the terms of the Interim Employment Agreement is qualified
        by reference to the terms of such agreement which is contained as Exhibit
        A to
        the 2004 Employment Agreement which is filed herewith as Exhibit 10.1.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        9.01. Financial Statements and Exhibits.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="right" style="WIDTH: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits.</font></div>
            </td>
          </tr>

      </table>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        Employment Agreement between the Company and Gary Lewis .</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 thereunto
        duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TAKE-TWO
                INTERACTIVE SOFTWARE, INC.</font></td>
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              <td>&#160;</td>
              <td colspan="2"><font size="2">(Registrant)</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:&#160;January
                6, 2006</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Karl Winters&#160;</font></td>
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                <hr style="COLOR: #000000" align="left" noshade size="2" width="80%"><font size="2">Name:
                Karl Winters</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                Chief Financial Officer</font></td>
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{"company-data": {"conformed-name": "TAKE TWO INTERACTIVE SOFTWARE INC", "cik": "0000946581", "assigned-sic": "7372", "irs-number": "510350842", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29230", "film-number": "06517006"}, "business-address": {"street1": "622 BROADWAY", "city": "NEW YORK", "state": "NY", "zip": "10012", "phone": "2125362842"}, "mail-address": {"street1": "622 BROADWAY", "city": "NEW YORK", "state": "NY", "zip": "10012"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
WASHINGTON,
        DC 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):
January
                  3, 2006
TAKE
                  TWO INTERACTIVE SOFTWARE,
                  INC.
(Exact
                  name of registrant as specified in its
                  charter)
Delaware
0-29230
51-0350842
(State
                  or Other
(Commission
(IRS
                  Employer
Jurisdiction
                  of
File
                  Number)
Identification
                  No.)
Incorporation)
622
                    Broadway, New York, NY
10012
(Address
                    of Principal Executive
                    Offices)
(Zip
                    Code)
Registrant's
                    telephone number, including area
                    code
(646)
                    536-2842
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 (
see
General
        Instruction A.2. below):
o
Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)
o
Soliciting
        material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)
o
Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-
2(b))
o
Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))
I
tem
        1.01.
        Entry into a Material Definitive Agreement
Item
        5.02. Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officers.
On
        January 3, 2006, Gary Lewis , the Global Chief Operating Officer of Take-Two
        Interactive Software, Inc. (the "Company"), advised the Company that he was
        invoking the provisions of Section 6(i) of his July 30, 2004 employment
        agreement (the "2004 Employment Agreement") with the Company which provides for
        him to relinquish his position as the Company's Global Chief Operating Officer
        (which he has done effective January 3, 2006) and to return to his former
        position at the Company's wholly-owned subsidiary, Take 2 Interactive Software
        Europe Limited ("Take 2 Europe"), located in the United Kingdom, under the terms
        and conditions of an agreement to be negotiated. In the interim, Mr. Lewis
        will
        be employed pursuant to the terms and condition of the agreement attached
        as
        Exhibit A to the 2004 Employment Agreement (the "Interim Employment Agreement"),
        except that he will not receive any new options to purchase Company common
        stock
        and his new title and duties and responsibilities will be modified.
The
        Interim Employment Agreement provides for Mr. Lewis' employment by Take 2 Europe
        at an annual salary of 180,000 pound sterling plus the pound sterling equivalent
        of $100,000 for a period until either party terminates the employment by
        giving
        at least 18 months prior written notice or such earlier termination as provided
        in the Interim Employment Agreement. In addition, under the Interim Employment
        Agreement Mr. Lewis is also entitled to certain benefits, including pension
        benefits and a car allowance.
This
        brief description of the terms of the Interim Employment Agreement is qualified
        by reference to the terms of such agreement which is contained as Exhibit
        A to
        the 2004 Employment Agreement which is filed herewith as Exhibit 10.1.
Item
        9.01. Financial Statements and Exhibits.
(d)
Exhibits.
10.1
        Employment Agreement between the Company and Gary Lewis .
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 thereunto
        duly authorized.
TAKE-TWO
                INTERACTIVE SOFTWARE, INC.
(Registrant)
Date: January
                6, 2006
By:
/s/
                Karl Winters
Name:
                Karl Winters
Title:
                Chief Financial Officer
2