<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>lnc3rdqtr07pressrel.txt
<DESCRIPTION>EXHIBIT 99.1 LEUCADIA 3RD QTR. 07 PRESS RELEASE
<TEXT>


                                                                Exhibit 99.1


                                                              November 8, 2007




FOR IMMEDIATE RELEASE

Contact:  Laura Ulbrandt  (212) 460-1900



                          LEUCADIA NATIONAL CORPORATION
                        ANNOUNCES NINE MONTH 2007 RESULTS



Leucadia National Corporation (LUK - NYSE) today announced its operating results
for the nine month period ended September 30, 2007. Net income was $38,561,000
or $.18 per diluted common share for the nine month period ended September 30,
2007 compared to net income of $178,190,000 or $.80 per diluted common share for
the nine month period ended September 30, 2006. Net income per share also
included income of $.01 for the 2007 period and $.24 for the 2006 period related
to discontinued operations.

For more information on the Company's results of operations for 2007, please see
the Company's Form 10-Q for the nine months ended September 30, 2007, which was
filed with the Securities and Exchange Commission today.











<PAGE>




           SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES
                (In thousands, except earnings per share amounts)
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                         For the Three Month               For the Nine Month
                                                                      Period Ended September 30,       Period Ended September 30,
                                                                      --------------------------       --------------------------
                                                                          2007        2006                2007             2006
                                                                       ---------   ----------          ----------      ----------
<S>                                                                       <C>            <C>               <C>              <C>

Revenues and other income                                              $ 331,149   $  170,243          $  872,338      $  686,277
                                                                       =========   ==========          ==========      ==========

Net securities gains                                                   $  23,626   $   16,259          $   89,787      $   99,391
                                                                       =========   ==========          ==========      ==========

Income (loss) from continuing operations before income
   taxes and equity in income of associated companies                  $ (10,868)  $   (6,042)         $   16,947      $  147,239

Income taxes                                                              (4,177)      (8,709)              6,941          48,871
                                                                       ---------   ----------          ----------      ----------

Income (loss) from continuing operations before equity
   in income of associated companies                                      (6,691)       2,667              10,006          98,368

Equity in income of associated companies, net of taxes                     8,778        1,073              26,257          24,336
                                                                       ---------   ----------          ----------      ----------

Income from continuing operations                                          2,087        3,740              36,263         122,704

Income (loss) from discontinued operations, including gain
   on disposal, net of taxes                                               1,801       56,737               2,298          55,486
                                                                       ---------   ----------          ----------      ----------

   Net income                                                          $   3,888   $   60,477          $   38,561      $  178,190
                                                                       =========   ==========          ==========      ==========

Basic earnings (loss) per common share:
Income from continuing operations                                        $   .01      $   .02             $   .17         $   .57
Income (loss) from discontinued operations, including gain
   on disposal                                                               .01          .26                 .01             .25
                                                                         -------      -------             -------         -------
   Net income                                                            $   .02      $   .28             $   .18         $   .82
                                                                         =======      =======             =======         =======

Number of shares in calculation                                          218,071      216,291             217,110         216,202
                                                                         =======      =======             =======         =======

Diluted earnings (loss) per common share:
Income from continuing operations                                        $   .01      $   .02             $   .17         $   .56
Income (loss) from discontinued operations, including gain
   on disposal                                                               .01          .25                 .01             .24
                                                                         -------      -------             -------         -------
   Net income                                                            $   .02      $   .27             $   .18         $   .80
                                                                         =======      =======             =======         =======

Number of shares in calculation                                          219,411      231,906             217,832         231,875
                                                                         =======      =======             =======         =======


</TABLE>




</TEXT>
</DOCUMENT>
