Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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 (Month/Day/Year)
11/07/2007
(Street)

LAS VEGAS, NV 89109		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 11/07/2007 11/07/2007 M   11,200 A $ 27.215 11,200 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   10,200 D $ 91.75 1,000 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   300 D $ 91.78 700 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   100 D $ 91.8 600 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   100 D $ 91.805 500 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   100 D $ 91.81 400 D  
Common Stock $.01 Par Value ND 11/07/2007 11/07/2007 S   400 D $ 91.85 0 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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 11/07/2007 11/07/2007 M     11,200 11/01/2005 11/01/2014 Common Stock $.01 Par Value ND 11,200 $ 0 38,800 (1) D  
Emp Stk Option (Right to Buy) $ 34.05             05/03/2006 05/03/2012 Common Stock $.01 Par Value ND 9,000   9,000 D  

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   11/07/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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