UNITED STATES
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 Date of Report
                        (Date of earliest event reported)

                                October 25, 2007


                                   DEVRY INC.
             (Exact name of registrant as specified in its charter)


        Delaware                     1-13988                 36-3150143
(State of incorporation)        (Commission File           (IRS Employer
                                     Number)             Identification No.)

        One Tower Lane, Suite 1000
        Oakbrook Terrace, Illinois                       60181
  (Address of principal executive offices)             (Zip Code)

                                 (630) 571-7700
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 2.02       Results of Operations and Financial Condition

     On October 25,  2007,  DeVry Inc.  issued a press  release  announcing  the
Company's  fiscal  2008 first  quarter  operating  results  and  September  term
enrollments at Ross University and DeVry University's  Keller Graduate School of
Management.  The full text of that press  release is included in Exhibit 99.1 in
this Form 8-K.

Forward Looking Statements

     This  Form  8-K and  the  related  press  release  contain  forward-looking
statements  within  the  safe  harbor  provisions  of  the  Private   Securities
Litigation  Reform Act of 1995. All statements  other than those that are purely
historical are forward-looking statements. Words such as "expect," "anticipate,"
"believe,"  "estimate,"  "intend," "plan," and similar expressions also identify
forward-looking statements.

     Because these  forward-looking  statements involve risks and uncertainties,
there are  important  factors that could cause the Company's  actual  results to
differ  materially  from those  projected  or  implied by these  forward-looking
statements. Additional information regarding factors that could cause results to
differ can be found in the  Company's  Annual Report on Form 10-K for the fiscal
year ended June 30, 2007.

     These forward-looking statements are based on information as of October 25,
2007,  and the Company  assumes no obligation  to publicly  update or revise its
forward-looking  statements  even if experience or future  changes make it clear
that any projected results expressed or implied therein will not be realized.

Item 9.01   Financial Statements and Exhibits

99.1 Press Release dated October 25, 2007



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    DEVRY INC.

Date: October 25, 2007              By /s/ Richard M. Gunst
                                       Richard M. Gunst
                                       Senior Vice President, Chief
                                       Financial Officer and Treasurer


                                 EXHIBIT INDEX

Exhibit Number     Description
--------------     -------------------------------------------------------------
99.1               Press Release dated October 25, 2007