<SEC-DOCUMENT>0001144204-11-021390.txt : 20110411
<SEC-HEADER>0001144204-11-021390.hdr.sgml : 20110408
<ACCEPTANCE-DATETIME>20110411212605
ACCESSION NUMBER:		0001144204-11-021390
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110411
DATE AS OF CHANGE:		20110411

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOLDEN EAGLE INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000869531
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				841116515
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1209

	BUSINESS ADDRESS:	
		STREET 1:		9661 SOUTH 700 EAST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84070
		BUSINESS PHONE:		8016199320

	MAIL ADDRESS:	
		STREET 1:		9661 SOUTH 700 EAST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BENEFICIAL CAPITAL FINANCIAL SERVICES CORP
		DATE OF NAME CHANGE:	19940329

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MADSEN TRACY A
		CENTRAL INDEX KEY:			0001260889

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23726
		FILM NUMBER:		11753694

	MAIL ADDRESS:	
		STREET 1:		9661 SOUTH 700 EAST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84070
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>v218163_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2010-12-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

    <issuer>
        <issuerCik>0000869531</issuerCik>
        <issuerName>GOLDEN EAGLE INTERNATIONAL INC</issuerName>
        <issuerTradingSymbol>MYNG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001260889</rptOwnerCik>
            <rptOwnerName>MADSEN TRACY A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9661 SOUTH 700 EAST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SALT LAKE CITY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84070</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2010-05-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>574230</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.10</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>584487</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Mr. Madsen was issued 574,230 shares of common stock on May 13, 2010 to satisfy certain indebtedness owed to Mr. Madsen.  The
 shares were issued to Mr. Madsen at the rate of $0.10 per share.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Tracy A. Madsen</signatureName>
        <signatureDate>2011-03-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
