SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

(Amendment No. 1)*

CHINACAST EDUCATION CORPORATION

(Name of Issuer)

Common Stock, Par Value $0.0001 per Share

(Title of Class of Securities)

39136T101

(CUSIP Number)

02/27/08

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

_________________________

^*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with

respect to the subject class of securities, and for any subsequent amendment containing information which

would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose

of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section

of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

13G/A

CUSIP No. 39136T101

Page 2 of 5

(1)

NAME OF REPORTING PERSONS

INTEL FOUNDATION

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

94-3092928

(2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

(3)	SEC USE ONLY

(4)	CITIZENSHIP OR PLACE OF ORGANIZATION

Oregon

NUMBER OF

(5)

SOLE VOTING POWER

-0-

BENEFICIALLY

(6)

SHARED VOTING POWER

-0-

OWNED BY

EACH

(7)

SOLE DISPOSITIVE POWER

-0-

REPORTING

PERSON

(8)

SHARED DISPOSITIVE POWER

-0-

WITH:

(9)

Aggregate Amount Beneficially Owned by Each Reporting Person

Not applicable.

(10)

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

(11)

Percent of Class Represented by Amount in Row (9)

(12)

Type of Reporting Person

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CUSIP No. 39136T101

Page 3 of 5

Item 1(a).

Name of Issuer:

ChinaCast Education Corporation

Item 1(b).

Address of Issuer's Principal Executive Offices:

25 fl. Qiang Sheng Mansion

No. 145 Pu Jian Road, Pudong District

Shanghai, 211217, PRC

Item 2(a).

Name of Person Filing:

Intel Foundation

Item 2(b).

Address of Principal Business Office or, if None, Residence:

5200 NE Elam Young Parkway, MS Ag6-601

Hillsboro, OR 97124

Item 2(c).

Citizenship:

Oregon

Item 2(d).

Title of Class of Securities:

Common Stock, par value $0.0001 per share

Item 2(e).

CUSIP Number:

39136T101

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check

whether the person filing is a:

Not applicable.

Item 4.

Ownership:

(a)

Amount beneficially owned:

-0-

(b)

Percent of Class:

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or direct the vote:

-0-

(ii)

Shared power to vote or direct the vote:

-0-

(iii)

Sole power to dispose or to direct the disposition of:

-0-

(iv)

Shared power to dispose or to direct the disposition of:

-0-

13G/A

CUSIP No. 39136T101

Page 4 of 5

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting

person has ceased to be the beneficial owner of more than five percent of the class of

securities, check the following x.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security

Being Reported on by the Parent Holding Company or Control Person:

Not applicable.

Item 8.

Identification and Classification of Members of the Group:

Not applicable.

Item 9.

Notice of Dissolution of Group:

Not applicable.

Item 10.

Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities

referred to above were not acquired and are not held for the purpose of or with the effect

of changing or influencing the control of the issuer of the securities and were not

acquired and are not held in connection with or as a participant in any transaction having

that purpose or effect.

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CUSIP No. 39136T101

Page 5 of 5

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the

information set forth in this statement is true, complete and correct.

Date: March 18, 2008

INTEL FOUNDATION

By:

/ s / Leslie Culbertson______

Name: Leslie Culbertson

Title:

Treasurer