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 *
LANNI J TERRENCE
  2. Issuer Name and Ticker or Trading Symbol
MGM MIRAGE [MGM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CHAIRMAN & CEO
(Last)
(First)
(Middle)
3600 LAS VEGAS BLVD. SOUTH
3. Date of Earliest Transaction (Month/Day/Year)
12/10/2007
(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 12/10/2007 12/10/2007 S   800 D $ 92.45 85,900 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   1,200 D $ 92.46 84,700 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   8,000 D $ 92.5 76,700 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   1,100 D $ 92.51 75,600 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   600 D $ 92.52 75,000 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   300 D $ 92.525 74,700 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   600 D $ 92.53 74,100 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   200 D $ 92.54 73,900 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   4,236 D $ 92.55 69,664 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   764 D $ 92.5501 68,900 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   13,185 D $ 92.6 55,715 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   900 D $ 92.6001 54,815 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   5,700 D $ 92.61 49,115 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   700 D $ 92.62 48,415 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   800 D $ 92.63 47,615 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   1,200 D $ 92.64 46,415 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   3,700 D $ 92.65 42,715 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   300 D $ 92.66 42,415 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   400 D $ 92.67 42,015 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   300 D $ 92.69 41,715 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   2,915 D $ 92.7 38,800 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   300 D $ 92.71 38,500 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   1,600 D $ 92.72 36,900 (1) I Lanni Family Trust
Common Stock $.01 Par Value ND 12/10/2007 12/10/2007 S   200 D $ 92.73 36,700 (1) I Lanni Family Trust

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) $ 12.74             02/27/2004 02/27/2013 Common Stock $.01 Par Value ND 460,000   460,000 (2) D  
Emp Stk Option (Right to Buy) $ 34.05             05/03/2006 05/03/2012 Common Stock $.01 Par Value ND 1,100,000   1,100,000 D  
Emp Stk Option (Right to Buy) $ 34.36             05/10/2006 05/10/2012 Common Stock $.01 Par Value ND 100,000   100,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LANNI J TERRENCE
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS, NV 89109
  X     CHAIRMAN & CEO  

Signatures

 Bryan L. Wright, Attorney In Fact   12/12/2007
**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) These shares are held by the Lanni Family Trust, under agreement dated June 21, 1990, of which the reporting person is trustee.
(2) Options granted under MGM MIRAGE Employee Stock Option Plan. Vesting plan calls for options to become exercisable in equal 20% yearly amounts over a period of five years commencing on 2/27/04.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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