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      8-K</strong></font></div>
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      REPORT</strong></font></div>
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      Exchange Act of 1934</strong></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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
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      12, 2006</u></font></div>
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            <td width="2%">&#160;</td>
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            <td width="2%">&#160;</td>
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              <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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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">10012</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Not
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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: Times New Roman">Check
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    <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
      8.01. Other Events</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
      July
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      Take-Two Interactive Software, Inc. (the &#8220;Company&#8221;), as nominal defendant, and
      certain of the Company&#8217;s current and former officers and directors. In the
      complaint, the plaintiff alleges, among other things, that all of the individual
      defendants violated the anti-fraud provisions of the Securities Exchange Act
      of
      1934 and committed breaches of fiduciary duty, were unjustly enriched and wasted
      corporate assets. The plaintiff also alleges that certain of the individual
      defendants violated Section 14(a) of the Exchange Act and sold Company stock
      while in possession of certain material non-public information. Among other
      allegations, plaintiff claims that the defendants caused or allowed the Company
      to issue false and misleading financial statements and press releases regarding
      the Company&#8217;s financial condition and business prospects, caused the Company to
      repurchase shares of its common stock at inflated prices, failed to disclose
      material facts in the Company&#8217;s proxy statements issued between April 1998 and
      May 2002 and engaged in improprieties in connection with the issuance of stock
      options. The complaint seeks unspecified damages against all of the individual
      defendants, reimbursement from certain of the defendants of bonuses or other
      incentive or equity based compensation paid to them by the Company during its
      fiscal year ended October 31, 2003, equitable and other relief relating to
      the
      proceeds from certain of the defendants<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8217;
      </font>alleged improper trading activity in Company stock, adoption of certain
      corporate governance proposals and recovery of litigation costs.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#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">The
      Company is reviewing the allegations in the complaint and has referred the
      complaint to the Company&#8217;s Special Litigation Committee consisting of
      independent board members.</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"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company does not intend to file further current reports on Form 8-K describing
      additional lawsuits, if any, which are based on allegations substantially
      similar to those contained in the complaint described herein. </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">&#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">SIGNATURES</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: 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>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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              <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">TAKE-TWO
                INTERACTIVE SOFTWARE, INC.</font></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">(Registrant)</font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;July
              24, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/
              <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Karl
              Winters</font></font></td>
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                Karl Winters</font></div>
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                Financial Officer</font></font></div>
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          2
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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": "06976769"}, "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):
July
      12, 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
Incorporation)
File
                Number)
Identification
                No.)
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))
Item
      8.01. Other Events
On
      July
      12, 2006, a shareholder derivative complaint was filed by Richard Lasky in
      the
      United States District Court of the Southern District of New York against
      Take-Two Interactive Software, Inc. (the "Company"), as nominal defendant, and
      certain of the Company's current and former officers and directors. In the
      complaint, the plaintiff alleges, among other things, that all of the individual
      defendants violated the anti-fraud provisions of the Securities Exchange Act
      of
      1934 and committed breaches of fiduciary duty, were unjustly enriched and wasted
      corporate assets. The plaintiff also alleges that certain of the individual
      defendants violated Section 14(a) of the Exchange Act and sold Company stock
      while in possession of certain material non-public information. Among other
      allegations, plaintiff claims that the defendants caused or allowed the Company
      to issue false and misleading financial statements and press releases regarding
      the Company's financial condition and business prospects, caused the Company to
      repurchase shares of its common stock at inflated prices, failed to disclose
      material facts in the Company's proxy statements issued between April 1998 and
      May 2002 and engaged in improprieties in connection with the issuance of stock
      options. The complaint seeks unspecified damages against all of the individual
      defendants, reimbursement from certain of the defendants of bonuses or other
      incentive or equity based compensation paid to them by the Company during its
      fiscal year ended October 31, 2003, equitable and other relief relating to
      the
      proceeds from certain of the defendants
'
alleged improper trading activity in Company stock, adoption of certain
      corporate governance proposals and recovery of litigation costs.
The
      Company is reviewing the allegations in the complaint and has referred the
      complaint to the Company's Special Litigation Committee consisting of
      independent board members.
The
      Company does not intend to file further current reports on Form 8-K describing
      additional lawsuits, if any, which are based on allegations substantially
      similar to those contained in the complaint described herein.
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: July
              24, 2006
By:
/s/
Karl
              Winters
Name:
                Karl Winters
Title:
Chief
                Financial Officer
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