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<SEC-DOCUMENT>0000909518-07-000037.txt : 20070118
<SEC-HEADER>0000909518-07-000037.hdr.sgml : 20070118
<ACCEPTANCE-DATETIME>20070118163953
ACCESSION NUMBER:		0000909518-07-000037
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070111
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070118
DATE AS OF CHANGE:		20070118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEUCADIA NATIONAL CORP
		CENTRAL INDEX KEY:			0000096223
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822]
		IRS NUMBER:				132615557
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05721
		FILM NUMBER:		07538138

	BUSINESS ADDRESS:	
		STREET 1:		315 PARK AVE S
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		2124601900

	MAIL ADDRESS:	
		STREET 1:		315 PARK AVENUE SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TALCOTT NATIONAL CORP
		DATE OF NAME CHANGE:	19800603
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>mm01-1807_8k.txt
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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): January 11, 2007


                          LEUCADIA NATIONAL CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)

                                    NEW YORK
                 (State or Other Jurisdiction of Incorporation)

        1-5721                                             13-2615557
(Commission File Number)                       (IRS Employer Identification No.)

315 PARK AVENUE SOUTH, NEW YORK, NEW YORK                     10010
 (Address of Principal Executive Offices)                   (Zip Code)

                                  212-460-1900
              (Registrant's Telephone Number, Including Area Code)



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:

|_| 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
240.14a-12)

|_| 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))


<PAGE>




Item 5.02      Departure of Directors or Principal Officers; Election of
               Directors; Appointment of Principal Officers; Compensatory
               Arrangements of Certain Officers

         (b)      Departure of Principal Officers

         On January 11, 2007, H. E. Scruggs, one of Leucadia National
Corporation's (the "Company") named executive officers, as listed in the
Company's proxy statement dated April 17, 2006, resigned his position as Vice
President of the Company. Mr. Scruggs will continue his employment with the
Company until July 2007, when he will embark on a full time, three year mission
for the Church of Jesus Christ of Latter Day Saints.

         In connection with Mr. Scruggs' resignation, the Compensation Committee
of the Board of Directors of the Company has determined that options to purchase
60,000 common shares of the Company (representing the total of unvested options
granted prior to December 2006) held by Mr. Scruggs as of January 11, 2007 be
vested immediately. Options granted to Mr. Scruggs on December 11, 2006 have not
been accelerated and will be forfeited by him when he leaves the Company.

         (e)      The information set forth in response to Item 9.01 (c) is
incorporated herein by reference.


Item 9.01.     Financial Statements and Exhibits

         (c)      Exhibits

         10.1     Information Concerning Executive Compensation.










                                       2
<PAGE>



                                   SIGNATURES

         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.

Date: January 18, 2006

                                            LEUCADIA NATIONAL CORPORATION


                                                /s/  Joseph A. Orlando
                                            ----------------------------------
                                            Name:    Joseph A. Orlando
                                            Title:   Vice President and Chief
                                                     Financial Officer





















                                       3
<PAGE>



     EXHIBIT INDEX

Exhibit No.            Description

10.1                   Information Concerning Executive Compensation.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>mm01-1807_8ke101.txt
<TEXT>
                                                                    Exhibit 10.1


                  Information Concerning Executive Compensation

         It has been the policy of Leucadia National Corporation (the "Company")
since the current management took over in 1978 to emphasize performance based
compensation through the payment of discretionary bonuses.

         On January 12, 2007, the Company's Board of Directors, upon the
recommendation of the Compensation Committee in consultation with Ian M.
Cumming, Chairman of the Board, and Joseph S. Steinberg, President of the
Company, approved annual salary increases (effective January 1, 2007) and
discretionary 2006 cash bonuses for each of the Company's executive officers who
were included as named executive officers in the Company's 2006 proxy statement
(other than Mr. Cumming and Mr. Steinberg(1)).

         Name and Title         Base Salary in 2007     Bonus Award for 2006(2)
         --------------         -------------------     -----------------------

         Thomas E. Mara                 $330,000                $1,009,570
         Executive Vice
         President and Treasurer

         Joseph A. Orlando              $300,000                $907,980
         Vice President and
         Chief Financial Officer

         H. E. Scruggs                  $223,000                $506,690
         Vice President



- --------
(1) Consistent with past practice, bonuses for 2006 for Messrs. Cumming and
Steinberg will be considered by the Compensation Committee of the Board of
Directors at the Board of Directors meeting to be held following the Company's
2007 annual meeting of shareholders.

(2) Includes annual bonus paid to all employees based on a percentage of salary
of $9,570 for Mr. Mara, $7,980 for Mr. Orlando, $6,690 for Mr. Scruggs.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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