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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>As
      filed with the Securities and Exchange Commission</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>on
      October 23, 2007</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font id="TAB1" style="MARGIN-LEFT: 324pt;"></font>Registration
      No.
      333-______</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>______________________________________________________________________________________________________________________________________________</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
      D.C. 20549</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>FORM
      S-8</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Registration
      Statement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Under</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>The
      Securities Act of 1933</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SOUTHWEST
      AIRLINES CO.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(Exact
      name of registrant as specified in its charter)</strong></font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="30%" style="BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Texas</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">74-1563240</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">_____________________</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">______________</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                or other jurisdiction</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(I.R.S.
                Employer</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">of
                incorporation or organization)</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Identification
                No.)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="30%" style="BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">P.
                O. Box 36611, Dallas, Texas</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">75235-1611</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">_________________________________</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">___________</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="top" width="30%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Zip
                Code)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Southwest
      Airlines Co.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2007
      Equity Incentive Plan</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(Full
      title of the plan)</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Laura
      Wright</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Senior
      Vice President-Finance &amp; Chief Financial Officer</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Southwest
      Airlines Co.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>P.O.
      Box 36611</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Dallas,
      Texas 75235-1611</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>214/792-4000</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(Name,
      address, and telephone number, including area code,</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>of
      agent for service)</strong></font></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CALCULATION
      OF REGISTRATION FEE</strong></font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="13%" style="BORDER-TOP: #000000 0.85pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title
                of Securities to be Registered</font></div>
            </td>
            <td valign="top" width="17%" style="BORDER-TOP: #000000 0.85pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amount
                to be Registered(1)</font></div>
            </td>
            <td valign="top" width="19%" style="BORDER-TOP: #000000 0.85pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Maximum
                Offering Price Per Share(2)</font></div>
            </td>
            <td valign="top" width="19%" style="BORDER-TOP: #000000 0.85pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed
                Maximum Aggregate Offering Price(2)</font></div>
            </td>
            <td valign="top" width="22%" style="BORDER-TOP: #000000 0.85pt solid; BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amount
                of Registration Fee(2)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Common
                Stock,</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$1.00
                par value per share</font></div>
            </td>
            <td valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;&#160;&#160;285,000</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">5,715,000</font></div>
                <div>_____________________&#160;&#160;&#160;&#160;&#160; </div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">6,000,000</font></div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </td>
            <td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$16.40</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$14.07</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div>&#160;</div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$4,674,000</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$80,410,050</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div>_______________________</div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$85,084,050</font></div>
            </td>
            <td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$143.49</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$2,468.59</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                <div>__________________________</div>
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$2,612.08</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 0pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;</font></div>
            </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;">Pursuant
                to Rule 416 under the Securities Act of 1933, as amended (the &#8220;Securities
                Act&#8221;), this Registration Statement shall be deemed to cover any additional
                shares of common stock, par value $1.00 per share (the &#8220;Common Stock&#8221;), of
                Southwest Airlines Co. (&#8220;Southwest&#8221;) that may be issued to prevent
                dilution resulting from stock splits, stock dividends, or similar
                transactions.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 0pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;</font></div>
            </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;">Estimated
                solely for the purpose of calculating the registration fee in accordance
                with Rules 457(c) and 457(h) under the Securities Act as follows:
                (i) with
                respect to shares of Common Stock that may be purchased upon exercise
                of
                outstanding stock options, the fee is calculated on the basis of
                the price
                at which options may be exercised; and (ii) with respect to the remaining
                shares of Common Stock issuable pursuant to the plan, the fee is
                calculated on the basis of the average of the high and low prices
                for the
                Common Stock, as reported on the New York Stock Exchange on October
                22,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">1</font></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">
        </div>
      </div>
    </div><br>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PART
      II</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT</strong></font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                3.</strong></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Incorporation
                of Documents by Reference.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
      following documents, which have
      been filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;), are
      incorporated by reference into this Registration Statement:</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest&#8217;s
                Annual Report on Form 10-K for the fiscal year ended December 31,
                2006
                (the &#8220;Form 10-K&#8221;), filed with the Commission on February 1, 2007, and
                Amendments No. 1 and No. 2 to the Form 10-K filed on February 28,
                2007,
                and April 24, 2007, respectively;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest&#8217;s
                Quarterly Reports on Form 10-Q for the quarterly periods ended March
                31,
                2007, June 30, 2007, and September 30, 2007, filed with the Commission
                on
                April 23, 2007, June 20, 2007, and&#160;&#160;October 22, 2007,
                respectively;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest&#8217;s
                Current Reports on Form 8-K, filed with the Commission on January
                19,
                2007, March 19, 2007, May 17, 2007, July 20, 2007, September 20,
                2007,
                September 25, 2007, and October 4, 2007;
                and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div>&#160;</div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                description of Southwest&#8217;s Common Stock contained in its Registration
                Statement on Form 8-A, including any amendments or reports filed
                for the
                purpose of updating such
                description.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>In
      addition, all documents subsequently
      filed by Southwest with the Commission pursuant to Sections 13(a), 13(c), 14,
      and 15(d) of the Securities Exchange Act of 1934, as amended, prior to the
      filing of a post-effective amendment that indicates that all securities offered
      have been sold or that deregisters all securities then remaining unsold shall
      be
      deemed to be incorporated by reference herein and to be a part hereof from
      the
      date of filing of such documents.</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                5.</strong></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Interests
                of Named Experts and
                Counsel.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      validity of the Common Stock registered hereunder has been passed upon for
      the
      Company by Deborah Ackerman, Vice President-General Counsel of the
      Company.&#160;&#160;&#160;As of October 19, 2007, Ms. Ackerman held 41,991
      shares of Common Stock and options to acquire 107,270 shares of Common Stock,
      of
      which 87,071 were currently exercisable.</font></div>
    <div><br></div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;&#160;&#160;&#160;&#160;&#160;</div>
        </div>
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">2</font></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">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item&#160;6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Indemnification
      of Directors and Officers.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article&#160;VIII,
      Section&#160;1 of Southwest&#8217;s Bylaws provides as follows: &#8220;<em>Right to
      Indemnification</em>: Subject to the limitations and conditions as provided in
      this Article&#160;VIII, each person who was or is made a party to, or is
      threatened to be made a party to, any threatened, pending or completed action,
      suit or proceeding, whether civil, criminal, administrative, arbitrative or
      investigative (hereinafter called a &#8220;proceeding&#8221;), or any appeal in such a
      proceeding or any inquiry or investigation that could lead to such a proceeding,
      by reason of the fact that he (or a person of whom he is the legal
      representative) is or was a director or officer of the corporation (or while
      a
      director or officer of the corporation is or was serving at the request of
      the
      corporation as a director, officer, partner, venturer, proprietor, trustee,
      Employee, agent, or similar functionary of another foreign or domestic
      corporation, partnership, joint venture, proprietorship, trust, Employee benefit
      plan, or other enterprise) shall be indemnified by the corporation to the
      fullest extent permitted by the Texas Business Corporation Act, as the same
      exists or may hereafter be amended (but, in the case of any such amendment,
      only
      to the extent that such amendment permits the corporation to provide broader
      indemnification rights than said law permitted the corporation to provide prior
      to such amendment) against judgments, penalties (including excise and similar
      taxes and punitive damages), fines, settlements and reasonable expenses
      (including, without limitation, court costs and attorneys&#8217; fees) actually
      incurred by such person in connection with such proceeding, appeal, inquiry
      or
      investigation, and indemnification under this Article&#160;VIII shall continue
      as to a person who has ceased to serve in the capacity which initially entitled
      such person to indemnity hereunder; provided, however, that in no case shall
      the
      corporation indemnify any such person (or the legal representative of any such
      person) otherwise than for his reasonable expenses, in respect of any proceeding
      (i)&#160;in which such person shall have been finally adjudged by a court of
      competent jurisdiction (after exhaustion of all appeals therefrom) to be liable
      on the basis that personal benefit was improperly received by him, whether
      or
      not the benefit resulted from an action taken in such person&#8217;s official
      capacity, or (ii)&#160;in which such person shall have been found liable to the
      corporation; and provided, further, that the corporation shall not indemnify
      any
      such person for his reasonable expenses actually incurred in connection with
      any
      proceeding in which he shall have been found liable for willful or intentional
      misconduct in the performance of his duty to the corporation. The rights granted
      pursuant to this Article&#160;VIII shall be deemed contract rights, and no
      amendment, modification or repeal of this Article&#160;VIII shall have the
      effect of limiting or denying any such rights with respect to actions taken
      or
      proceedings arising prior to any such amendment, modification or repeal. It
      is
      expressly acknowledged that the indemnification provided in this
      Article&#160;VIII could involve indemnification for negligence or under theories
      of strict liability.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article&#160;Ten
      of Southwest&#8217;s Articles of Incorporation provides that a director of the
      corporation shall not be liable to the corporation or its shareholders for
      monetary damages for an act or omission in the director&#8217;s capacity as a
      director, subject to certain limitations.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article&#160;2.02-1B.
      of the Texas Business Corporation Act provides that, subject to certain
      limitations, &#8220;a corporation may indemnify a person who was, is, or is threatened
      to be made a named defendant or respondent in a proceeding because the person
      is
      or was a director only if it is determined in accordance with Section&#160;F of
      this article that the person: (1)&#160;conducted himself in good faith;
      (2)&#160;reasonably believed: (a)&#160;in the case of conduct in his official
      capacity as a director of the corporation, that his conduct was in the
      corporation&#8217;s best interests; and (b)&#160;in all other cases, that his conduct
      was at least not opposed to the corporation&#8217;s best interests; and (3)&#160;in
      the case of any criminal proceeding, had no reasonable cause to believe his
      conduct was unlawful.&#8221;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest
      also maintains directors&#8217; and officers&#8217; liability insurance.</font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 72pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                8.</strong></font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Exhibits.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.1</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Restated
                Articles of Incorporation of Southwest (incorporated by reference
                to
                Exhibit&#160;4.1 to Southwest&#8217;s Registration Statement on Form&#160;S-3
                (File No.&#160;33-52155)); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s
                Quarterly Report on Form&#160;10-Q for the quarter ended June&#160;30,
                1996 (File No.&#160;1-7259)); Amendment to Restated Articles of
                Incorporation of Southwest (incorporated by reference to Exhibit&#160;3.1
                to Southwest&#8217;s Quarterly Report on Form&#160;10-Q for the quarter ended
                June&#160;30, 1998 (File No.&#160;1-7259)); Amendment to Restated Articles
                of Incorporation of Southwest (incorporated by reference to
                Exhibit&#160;4.2 to Southwest&#8217;s Registration Statement on Form&#160;S-8
                (File No.&#160;333-82735); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s
                Quarterly Report on Form&#160;10-Q for the quarter ended June&#160;30,
                2001 (File No.&#160;1-7259)); Articles of Amendment to Articles of
                Incorporation of Southwest Airlines Co. (incorporated by reference
                to
                Exhibit 3.1 to Southwest&#8217;s Quarterly Report on Form 10-Q for the quarter
                ended June 30, 2007 (File No.
                1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.2</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Amended
                and Restated Bylaws of Southwest, effective September 20, 2007
                (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s Current
                Report on Form&#160;8-K dated September 20, 2007 (File
                No.&#160;1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.3</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Specimen
                certificate representing Common Stock of Southwest (incorporated
                by
                reference to Exhibit 4.2 to Southwest&#8217;s Annual Report on Form 10-K for the
                year ended December 31, 1994 (File No.
                1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Opinion
                of Deborah Ackerman, Vice President-General Counsel of the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.1</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                of Ernst &amp; Young LLP, independent registered public accounting
                firm.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.2</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                of Deborah Ackerman, Vice President-General Counsel of the Company
                (contained in the opinion filed as Exhibit 5
                hereto).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">99</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest
                Airlines Co. 2007 Equity Incentive
                Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">3</font></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">
        </div>
      </div>
    </div><br>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item&#160;17.
                Undertakings.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A.&#160;The
      undersigned registrant hereby undertakes:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;(1)&#160;To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this registration statement:</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i)&#160;to
      include any prospectus required by Section&#160;10(a)(3) of the Securities Act
      of 1933;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(ii)&#160;to
      reflect in the prospectus any facts or events arising after the effective date
      of the registration statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental change
      in the information set forth in the registration statement;</font></div>
    <div>&#160;</div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      (iii)&#160;to include any material information with respect to the plan of
      distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Provided,
      however</em>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
      information required to be included in a post-effective amendment by those
      paragraphs is contained in periodic reports filed with or furnished to the
      Commission by the registrant pursuant to Section 13 or Section&#160;15(d) of the
      Securities Exchange Act of 1934 that are incorporated by reference in the
      registration statement.</font></div>
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      That,
      for the purpose of determining any liability under the Securities Act of 1933,
      each such post-effective amendment shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such
      securities at that time shall be deemed to be the initial bona fide offering
      thereof.</font></div>
    <div><br></div>
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      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.</font></div>
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      The
      undersigned registrant hereby undertakes that, for purposes of determining
      any
      liability under the Securities Act of 1933, each filing of the registrant&#8217;s
      annual report pursuant to Section 13(a) or Section&#160;15(d) of the Securities
      Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
      plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is
      incorporated by reference in the registration statement shall be deemed to
      be a
      new registration statement relating to the securities offered therein, and
      the
      offering of such securities at that time shall be deemed to be the initial
      bona
      fide offering thereof.</font></div>
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      Insofar as indemnification for liabilities arising under the Securities Act
      of
      1933 may be permitted to directors, officers and controlling persons of the
      registrant pursuant to the foregoing provisions, or otherwise, the registrant
      has been advised that in the opinion of the Securities and Exchange Commission
      such indemnification is against public policy as expressed in the Act and is,
      therefore, unenforceable. In the event that a claim for indemnification against
      such liabilities (other than the payment by the registrant of expenses incurred
      or paid by a director, officer or controlling person of the registrant in the
      successful defense of any action, suit or proceeding) is asserted by such
      director, officer or controlling person in connection with the securities being
      registered, the registrant will, unless in the opinion of its counsel the matter
      has been settled by controlling precedent, submit to a court of appropriate
      jurisdiction the question whether such indemnification by it is against public
      policy as expressed in the Act and will be governed by the final adjudication
      of
      such issue.</font></div>
    <div><br></div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div style="WIDTH: 100%" align="left">
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        </div>
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
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        </div>
      </div>
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    <div><br></div>
    <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;The
      Registrant.</em>&#160;&#160;Pursuant to the requirements of the Securities Act
      of 1933, as amended, the Registrant certifies that it has reasonable grounds
      to
      believe that it meets all of the requirements for filing on Form S-8 and has
      duly caused this Registration Statement to be signed on its behalf by the
      undersigned thereunto duly authorized in the City of Dallas, State of Texas
      on
      October 23, 2007.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font id="TAB1" style="MARGIN-LEFT: 252pt;"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      SOUTHWEST AIRLINES CO.</strong></font></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">
      <table cellpadding="0" cellspacing="0" width="32%">

          <tr>
            <td align="justify" valign="top" width="4%" style="BORDER-TOP: medium none; BORDER-LEFT: medium none">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By</font></div>
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            <td align="justify" valign="top" width="28%" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid">
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                Wright</font></div>
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          </tr>
          <tr>
            <td valign="top" width="4%" style="BORDER-LEFT: medium none"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
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                Vice President-Finance,</font></div>
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          <tr>
            <td valign="top" width="4%" style="BORDER-LEFT: medium none"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="28%" style="BORDER-RIGHT: medium none">
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                Financial Officer</font></div>
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          </tr>
          <tr>
            <td valign="top" width="4%" style="BORDER-LEFT: medium none"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="28%" style="BORDER-RIGHT: medium none"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="4%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="28%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      to the requirements of the Securities Act of 1933, as amended, this Registration
      Statement has been signed by the following persons in the capacities indicated
      on October 23, 2007.</font></div>
    <div><br></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
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          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
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            <td valign="top" width="2%" style="BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-TOP: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/Herbert
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Chairman
                of the Board of Directors</font></div>
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          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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                Chairman of the Board of Directors</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Gary
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;and
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            </td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                Laura Wright</u></font></div>
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Senior
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            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Laura
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            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Principal
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            </td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
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            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director
                and President</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Colleen
                C. Barrett</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                David W. Biegler</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">David
                W. Biegler</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">_______________&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Louis
                E. Caldera</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                C. Webb Crockett</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">C.
                Webb Crockett</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                William H. Cunningham</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">William
                H. Cunningham</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                Travis C. Johnson</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Travis
                C. Johnson</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                Nancy B. Loeffler</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Nancy
                B. Loeffler</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>/s/
                John T. Montford</u></font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: white 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">John
                T. Montford</font></div>
            </td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: white 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="26%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%" style="BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="31%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
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      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>INDEX
      TO EXHIBITS</u></font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.1</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Restated
                Articles of Incorporation of Southwest (incorporated by reference
                to
                Exhibit&#160;4.1 to Southwest&#8217;s Registration Statement on Form&#160;S-3
                (File No.&#160;33-52155)); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s
                Quarterly Report on Form&#160;10-Q for the quarter ended June&#160;30,
                1996 (File No.&#160;1-7259)); Amendment to Restated Articles of
                Incorporation of Southwest (incorporated by reference to Exhibit&#160;3.1
                to Southwest&#8217;s Quarterly Report on Form&#160;10-Q for the quarter ended
                June&#160;30, 1998 (File No.&#160;1-7259)); Amendment to Restated Articles
                of Incorporation of Southwest (incorporated by reference to
                Exhibit&#160;4.2 to Southwest&#8217;s Registration Statement on Form&#160;S-8
                (File No.&#160;333-82735); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s
                Quarterly Report on Form&#160;10-Q for the quarter ended June&#160;30,
                2001 (File No.&#160;1-7259)); Articles of Amendment to Articles of
                Incorporation of Southwest Airlines Co. (incorporated by reference
                to
                Exhibit 3.1 to Southwest&#8217;s Quarterly Report on Form 10-Q for the quarter
                ended June 30, 2007 (File No.
                1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.2</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Amended
                and Restated Bylaws of Southwest, effective September 20, 2007
                (incorporated by reference to Exhibit&#160;3.1 to Southwest&#8217;s Current
                Report on Form&#160;8-K dated September 20, 2007 (File
                No.&#160;1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.3</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Specimen
                certificate representing Common Stock of Southwest (incorporated
                by
                reference to Exhibit 4.2 to Southwest&#8217;s Annual Report on Form 10-K for the
                year ended December 31, 1994 (File No.
                1-7259)).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Opinion
                of Deborah Ackerman, Vice President-General Counsel of the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.1</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                of Ernst &amp; Young LLP, independent registered public accounting
                firm.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.2</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                of Deborah Ackerman, Vice President-General Counsel of the Company
                (contained in the opinion filed as Exhibit 5
                hereto).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 45pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">99</font></div>
            </td>
            <td>
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Southwest
                Airlines Co. 2007 Equity Incentive
                Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">6</font></div>
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s_8.htm
As
      filed with the Securities and Exchange Commission
on
      October 23, 2007
Registration
      No.
      333-______
______________________________________________________________________________________________________________________________________________
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM
      S-8
Registration
      Statement
Under
The
      Securities Act of 1933
SOUTHWEST
      AIRLINES CO.
(Exact
      name of registrant as specified in its charter)
Texas
74-1563240
_____________________
______________
(State
                or other jurisdiction
(I.R.S.
                Employer
of
                incorporation or organization)
Identification
                No.)
P.
                O. Box 36611, Dallas, Texas
75235-1611
_________________________________
___________
(Address
                of principal executive offices)
(Zip
                Code)
Southwest
      Airlines Co.
2007
      Equity Incentive Plan
(Full
      title of the plan)
Laura
      Wright
Senior
      Vice President-Finance & Chief Financial Officer
Southwest
      Airlines Co.
P.O.
      Box 36611
Dallas,
      Texas 75235-1611
214/792-4000
(Name,
      address, and telephone number, including area code,
of
      agent for service)
CALCULATION
      OF REGISTRATION FEE
Title
                of Securities to be Registered
Amount
                to be Registered(1)
Proposed
Maximum
                Offering Price Per Share(2)
Proposed
                Maximum Aggregate Offering Price(2)
Amount
                of Registration Fee(2)
Common
                Stock,
$1.00
                par value per share
285,000
5,715,000
_____________________
6,000,000
$16.40
$14.07
$4,674,000
$80,410,050
_______________________
$85,084,050
$143.49
$2,468.59
__________________________
$2,612.08
(1)
Pursuant
                to Rule 416 under the Securities Act of 1933, as amended (the "Securities
                Act"), this Registration Statement shall be deemed to cover any additional
                shares of common stock, par value $1.00 per share (the "Common Stock"), of
                Southwest Airlines Co. ("Southwest") that may be issued to prevent
                dilution resulting from stock splits, stock dividends, or similar
                transactions.
(2)
Estimated
                solely for the purpose of calculating the registration fee in accordance
                with Rules 457(c) and 457(h) under the Securities Act as follows:
                (i) with
                respect to shares of Common Stock that may be purchased upon exercise
                of
                outstanding stock options, the fee is calculated on the basis of
                the price
                at which options may be exercised; and (ii) with respect to the remaining
                shares of Common Stock issuable pursuant to the plan, the fee is
                calculated on the basis of the average of the high and low prices
                for the
                Common Stock, as reported on the New York Stock Exchange on October
                22,
                2007.
1
PART
      II
INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT
Item
                3.
Incorporation
                of Documents by Reference.
The
      following documents, which have
      been filed with the Securities and Exchange Commission (the "Commission"), are
      incorporated by reference into this Registration Statement:
(i)
Southwest's
                Annual Report on Form 10-K for the fiscal year ended December 31,
                2006
                (the "Form 10-K"), filed with the Commission on February 1, 2007, and
                Amendments No. 1 and No. 2 to the Form 10-K filed on February 28,
                2007,
                and April 24, 2007, respectively;
(ii)
Southwest's
                Quarterly Reports on Form 10-Q for the quarterly periods ended March
                31,
                2007, June 30, 2007, and September 30, 2007, filed with the Commission
                on
                April 23, 2007, June 20, 2007, and  October 22, 2007,
                respectively;
(iii)
Southwest's
                Current Reports on Form 8-K, filed with the Commission on January
                19,
                2007, March 19, 2007, May 17, 2007, July 20, 2007, September 20,
                2007,
                September 25, 2007, and October 4, 2007;
                and
(iv)
the
                description of Southwest's Common Stock contained in its Registration
                Statement on Form 8-A, including any amendments or reports filed
                for the
                purpose of updating such
                description.
In
      addition, all documents subsequently
      filed by Southwest with the Commission pursuant to Sections 13(a), 13(c), 14,
      and 15(d) of the Securities Exchange Act of 1934, as amended, prior to the
      filing of a post-effective amendment that indicates that all securities offered
      have been sold or that deregisters all securities then remaining unsold shall
      be
      deemed to be incorporated by reference herein and to be a part hereof from
      the
      date of filing of such documents.
Item
                5.
Interests
                of Named Experts and
                Counsel.
The
      validity of the Common Stock registered hereunder has been passed upon for
      the
      Company by Deborah Ackerman, Vice President-General Counsel of the
      Company.   As of October 19, 2007, Ms. Ackerman held 41,991
      shares of Common Stock and options to acquire 107,270 shares of Common Stock,
      of
      which 87,071 were currently exercisable.
2
Item 6.                      Indemnification
      of Directors and Officers.
Article VIII,
      Section 1 of Southwest's Bylaws provides as follows: "
Right to
      Indemnification
: Subject to the limitations and conditions as provided in
      this Article VIII, each person who was or is made a party to, or is
      threatened to be made a party to, any threatened, pending or completed action,
      suit or proceeding, whether civil, criminal, administrative, arbitrative or
      investigative (hereinafter called a "proceeding"), or any appeal in such a
      proceeding or any inquiry or investigation that could lead to such a proceeding,
      by reason of the fact that he (or a person of whom he is the legal
      representative) is or was a director or officer of the corporation (or while
      a
      director or officer of the corporation is or was serving at the request of
      the
      corporation as a director, officer, partner, venturer, proprietor, trustee,
      Employee, agent, or similar functionary of another foreign or domestic
      corporation, partnership, joint venture, proprietorship, trust, Employee benefit
      plan, or other enterprise) shall be indemnified by the corporation to the
      fullest extent permitted by the Texas Business Corporation Act, as the same
      exists or may hereafter be amended (but, in the case of any such amendment,
      only
      to the extent that such amendment permits the corporation to provide broader
      indemnification rights than said law permitted the corporation to provide prior
      to such amendment) against judgments, penalties (including excise and similar
      taxes and punitive damages), fines, settlements and reasonable expenses
      (including, without limitation, court costs and attorneys' fees) actually
      incurred by such person in connection with such proceeding, appeal, inquiry
      or
      investigation, and indemnification under this Article VIII shall continue
      as to a person who has ceased to serve in the capacity which initially entitled
      such person to indemnity hereunder; provided, however, that in no case shall
      the
      corporation indemnify any such person (or the legal representative of any such
      person) otherwise than for his reasonable expenses, in respect of any proceeding
      (i) in which such person shall have been finally adjudged by a court of
      competent jurisdiction (after exhaustion of all appeals therefrom) to be liable
      on the basis that personal benefit was improperly received by him, whether
      or
      not the benefit resulted from an action taken in such person's official
      capacity, or (ii) in which such person shall have been found liable to the
      corporation; and provided, further, that the corporation shall not indemnify
      any
      such person for his reasonable expenses actually incurred in connection with
      any
      proceeding in which he shall have been found liable for willful or intentional
      misconduct in the performance of his duty to the corporation. The rights granted
      pursuant to this Article VIII shall be deemed contract rights, and no
      amendment, modification or repeal of this Article VIII shall have the
      effect of limiting or denying any such rights with respect to actions taken
      or
      proceedings arising prior to any such amendment, modification or repeal. It
      is
      expressly acknowledged that the indemnification provided in this
      Article VIII could involve indemnification for negligence or under theories
      of strict liability.
Article Ten
      of Southwest's Articles of Incorporation provides that a director of the
      corporation shall not be liable to the corporation or its shareholders for
      monetary damages for an act or omission in the director's capacity as a
      director, subject to certain limitations.
Article 2.02-1B.
      of the Texas Business Corporation Act provides that, subject to certain
      limitations, "a corporation may indemnify a person who was, is, or is threatened
      to be made a named defendant or respondent in a proceeding because the person
      is
      or was a director only if it is determined in accordance with Section F of
      this article that the person: (1) conducted himself in good faith;
      (2) reasonably believed: (a) in the case of conduct in his official
      capacity as a director of the corporation, that his conduct was in the
      corporation's best interests; and (b) in all other cases, that his conduct
      was at least not opposed to the corporation's best interests; and (3) in
      the case of any criminal proceeding, had no reasonable cause to believe his
      conduct was unlawful."
Southwest
      also maintains directors' and officers' liability insurance.
Item
                8.
Exhibits.
4.1
Restated
                Articles of Incorporation of Southwest (incorporated by reference
                to
                Exhibit 4.1 to Southwest's Registration Statement on Form S-3
                (File No. 33-52155)); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit 3.1 to Southwest's
                Quarterly Report on Form 10-Q for the quarter ended June 30,
                1996 (File No. 1-7259)); Amendment to Restated Articles of
                Incorporation of Southwest (incorporated by reference to Exhibit 3.1
                to Southwest's Quarterly Report on Form 10-Q for the quarter ended
                June 30, 1998 (File No. 1-7259)); Amendment to Restated Articles
                of Incorporation of Southwest (incorporated by reference to
                Exhibit 4.2 to Southwest's Registration Statement on Form S-8
                (File No. 333-82735); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit 3.1 to Southwest's
                Quarterly Report on Form 10-Q for the quarter ended June 30,
                2001 (File No. 1-7259)); Articles of Amendment to Articles of
                Incorporation of Southwest Airlines Co. (incorporated by reference
                to
                Exhibit 3.1 to Southwest's Quarterly Report on Form 10-Q for the quarter
                ended June 30, 2007 (File No.
                1-7259)).
4.2
Amended
                and Restated Bylaws of Southwest, effective September 20, 2007
                (incorporated by reference to Exhibit 3.1 to Southwest's Current
                Report on Form 8-K dated September 20, 2007 (File
                No. 1-7259)).
4.3
Specimen
                certificate representing Common Stock of Southwest (incorporated
                by
                reference to Exhibit 4.2 to Southwest's Annual Report on Form 10-K for the
                year ended December 31, 1994 (File No.
                1-7259)).
5
Opinion
                of Deborah Ackerman, Vice President-General Counsel of the
                Company.
23.1
Consent
                of Ernst & Young LLP, independent registered public accounting
                firm.
23.2
Consent
                of Deborah Ackerman, Vice President-General Counsel of the Company
                (contained in the opinion filed as Exhibit 5
                hereto).
99
Southwest
                Airlines Co. 2007 Equity Incentive
                Plan.
3
Item 17.
                Undertakings.
A. The
      undersigned registrant hereby undertakes:
(1) To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this registration statement:
(i) to
      include any prospectus required by Section 10(a)(3) of the Securities Act
      of 1933;
(ii) to
      reflect in the prospectus any facts or events arising after the effective date
      of the registration statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental change
      in the information set forth in the registration statement;
(iii) to include any material information with respect to the plan of
      distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;
Provided,
      however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
      information required to be included in a post-effective amendment by those
      paragraphs is contained in periodic reports filed with or furnished to the
      Commission by the registrant pursuant to Section 13 or Section 15(d) of the
      Securities Exchange Act of 1934 that are incorporated by reference in the
      registration statement.
(2)
      That,
      for the purpose of determining any liability under the Securities Act of 1933,
      each such post-effective amendment shall be deemed to be a new registration
      statement relating to the securities offered therein, and the offering of such
      securities at that time shall be deemed to be the initial bona fide offering
      thereof.
(3) To
      remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.
B.
      The
      undersigned registrant hereby undertakes that, for purposes of determining
      any
      liability under the Securities Act of 1933, each filing of the registrant's
      annual report pursuant to Section 13(a) or Section 15(d) of the Securities
      Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
      plan's annual report pursuant to Section 15(d) of the Exchange Act) that is
      incorporated by reference in the registration statement shall be deemed to
      be a
      new registration statement relating to the securities offered therein, and
      the
      offering of such securities at that time shall be deemed to be the initial
      bona
      fide offering thereof.
C.
      Insofar as indemnification for liabilities arising under the Securities Act
      of
      1933 may be permitted to directors, officers and controlling persons of the
      registrant pursuant to the foregoing provisions, or otherwise, the registrant
      has been advised that in the opinion of the Securities and Exchange Commission
      such indemnification is against public policy as expressed in the Act and is,
      therefore, unenforceable. In the event that a claim for indemnification against
      such liabilities (other than the payment by the registrant of expenses incurred
      or paid by a director, officer or controlling person of the registrant in the
      successful defense of any action, suit or proceeding) is asserted by such
      director, officer or controlling person in connection with the securities being
      registered, the registrant will, unless in the opinion of its counsel the matter
      has been settled by controlling precedent, submit to a court of appropriate
      jurisdiction the question whether such indemnification by it is against public
      policy as expressed in the Act and will be governed by the final adjudication
      of
      such issue.
4
SIGNATURES
The
      Registrant.
Pursuant to the requirements of the Securities Act
      of 1933, as amended, the Registrant certifies that it has reasonable grounds
      to
      believe that it meets all of the requirements for filing on Form S-8 and has
      duly caused this Registration Statement to be signed on its behalf by the
      undersigned thereunto duly authorized in the City of Dallas, State of Texas
      on
      October 23, 2007.
SOUTHWEST AIRLINES CO.
By
/s/   Laura
                Wright
Laura
                Wright
Senior
                Vice President-Finance,
Chief
                Financial Officer
Pursuant
      to the requirements of the Securities Act of 1933, as amended, this Registration
      Statement has been signed by the following persons in the capacities indicated
      on October 23, 2007.
Signature
Capacity
/s/Herbert
                D. Kelleher
Chairman
                of the Board of Directors
Herbert
                D. Kelleher
/s/
                Gary C. Kelly
Vice
                Chairman of the Board of Directors
Gary
                C. Kelly
and
                Chief Executive Officer
/s/
                Laura Wright
Senior
                Vice President-Finance
Laura
                Wright
(Principal
                Financial and Accounting Officer)
/s/
                Colleen C. Barrett
Director
                and President
Colleen
                C. Barrett
/s/
                David W. Biegler
Director
David
                W. Biegler
_______________
Director
Louis
                E. Caldera
/s/
                C. Webb Crockett
Director
C.
                Webb Crockett
/s/
                William H. Cunningham
Director
William
                H. Cunningham
/s/
                Travis C. Johnson
Director
Travis
                C. Johnson
/s/
                Nancy B. Loeffler
Director
Nancy
                B. Loeffler
/s/
                John T. Montford
Director
John
                T. Montford
5
INDEX
      TO EXHIBITS
4.1
Restated
                Articles of Incorporation of Southwest (incorporated by reference
                to
                Exhibit 4.1 to Southwest's Registration Statement on Form S-3
                (File No. 33-52155)); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit 3.1 to Southwest's
                Quarterly Report on Form 10-Q for the quarter ended June 30,
                1996 (File No. 1-7259)); Amendment to Restated Articles of
                Incorporation of Southwest (incorporated by reference to Exhibit 3.1
                to Southwest's Quarterly Report on Form 10-Q for the quarter ended
                June 30, 1998 (File No. 1-7259)); Amendment to Restated Articles
                of Incorporation of Southwest (incorporated by reference to
                Exhibit 4.2 to Southwest's Registration Statement on Form S-8
                (File No. 333-82735); Amendment to Restated Articles of Incorporation
                of Southwest (incorporated by reference to Exhibit 3.1 to Southwest's
                Quarterly Report on Form 10-Q for the quarter ended June 30,
                2001 (File No. 1-7259)); Articles of Amendment to Articles of
                Incorporation of Southwest Airlines Co. (incorporated by reference
                to
                Exhibit 3.1 to Southwest's Quarterly Report on Form 10-Q for the quarter
                ended June 30, 2007 (File No.
                1-7259)).
4.2
Amended
                and Restated Bylaws of Southwest, effective September 20, 2007
                (incorporated by reference to Exhibit 3.1 to Southwest's Current
                Report on Form 8-K dated September 20, 2007 (File
                No. 1-7259)).
4.3
Specimen
                certificate representing Common Stock of Southwest (incorporated
                by
                reference to Exhibit 4.2 to Southwest's Annual Report on Form 10-K for the
                year ended December 31, 1994 (File No.
                1-7259)).
5
Opinion
                of Deborah Ackerman, Vice President-General Counsel of the
                Company.
23.1
Consent
                of Ernst & Young LLP, independent registered public accounting
                firm.
23.2
Consent
                of Deborah Ackerman, Vice President-General Counsel of the Company
                (contained in the opinion filed as Exhibit 5
                hereto).
99
Southwest
                Airlines Co. 2007 Equity Incentive
                Plan.
6