FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Gebhardt Bruce
2. Issuer Name and Ticker or Trading Symbol

MGM MIRAGE [ MGM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP OF CORPORATE SECURITY
(Last)          (First)          (Middle)

3600 LAS VEGAS BLVD. SOUTH
3. Date of Earliest Transaction (MM/DD/YYYY)

11/7/2007
(Street)

LAS VEGAS, NV 89109
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   M    11200   A $27.215   11200   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    10200   D $91.75   1000   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    300   D $91.78   700   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    100   D $91.8   600   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    100   D $91.805   500   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    100   D $91.81   400   D  
 
Common Stock $.01 Par Value ND   11/7/2007   11/7/2007   S    400   D $91.85   0   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Emp Stk Option (Right to Buy)   $27.215   11/7/2007   11/7/2007         11200    11/1/2005   11/1/2014   Common Stock $.01 Par Value ND   11200   $0   38800   (1) D  
 
Emp Stk Option (Right to Buy)   $34.05                   5/3/2006   5/3/2012   Common Stock $.01 Par Value ND   9000     9000   D  
 

Explanation of Responses:
( 1)  Options granted under MGM MIRAGE 1997 Nonqualified Stock Option Plan. Vesting plan calls for options to become exercisable in equal 25% yearly amounts commencing on the first anniversary of the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Gebhardt Bruce
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS, NV 89109


SVP OF CORPORATE SECURITY

Signatures
Bryan L. Wright, Attorney-In-Fact 11/7/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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