-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TTyDUYxJCOUfx9FNQZ5BLn5MpppVEBxqupWTWUDfBIy270AJ04XpKb0eEWR9ZlpR
 Diis+pFZNpfBXxh07yij9w==

<SEC-DOCUMENT>0000950138-07-000952.txt : 20071121
<SEC-HEADER>0000950138-07-000952.hdr.sgml : 20071121
<ACCEPTANCE-DATETIME>20071121145423
ACCESSION NUMBER:		0000950138-07-000952
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071119
FILED AS OF DATE:		20071121
DATE AS OF CHANGE:		20071121

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEABODY ENERGY CORP
		CENTRAL INDEX KEY:			0001064728
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
		IRS NUMBER:				134004153
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		701 MARKET ST
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63101-1826
		BUSINESS PHONE:		3143423400

	MAIL ADDRESS:	
		STREET 1:		701 MARKET ST
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63101-1826

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	P&L COAL HOLDINGS CORP
		DATE OF NAME CHANGE:	19980623

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WALCOTT ROGER B JR
		CENTRAL INDEX KEY:			0001213885

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16463
		FILM NUMBER:		071263011

	BUSINESS ADDRESS:	
		STREET 1:		PEABODY ENERGY CORP
		STREET 2:		701 MARKET ST
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63101
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>form4a1_112107ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2007-11-19</periodOfReport>

    <dateOfOriginalSubmission>2007-11-21</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001064728</issuerCik>
        <issuerName>PEABODY ENERGY CORP</issuerName>
        <issuerTradingSymbol>BTU</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001213885</rptOwnerCik>
            <rptOwnerName>WALCOTT ROGER B JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>701 MARKET STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ST. LOUIS</rptOwnerCity>
            <rptOwnerState>MO</rptOwnerState>
            <rptOwnerZipCode>63101-1826</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP - Strategy &amp; Bus. Services</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
                <footnoteId id="F4"/>
            </securityTitle>
            <transactionDate>
                <value>2007-11-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>243568</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.3001</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>262348</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On October 31, 2007, Peabody Energy Corporation distributed, as a pro rata stock dividend, all of the shares of its
 wholly-owned subsidiary, Patriot Coal Corporation, to holders of record of Peabody Energy common stock as of the close of
 business on October 22, 2007 (the &quot;spin-off&quot;). Effective upon completion of the spin-off, the Compensation Committee of the
 board of directors of Peabody Energy adjusted outstanding equity awards under existing stock plans, including outstanding
 stock options, to preserve the pre-spin-off intrinsic value of such awards. Accordingly, the number of shares of common
 stock underlying each option was increased by multiplying the number prior to the spin-off by 1.082524 and the exercise
 price was decreased by multiplying the exercise price prior to the spin-off by 0.923767.</footnote>
        <footnote id="F2">This exercise/sale was effected pursuant to a pre-existing Rule 10b5-1 trading plan adopted by the reporting person.</footnote>
        <footnote id="F3">Upon exercise of the options, the shares are immediately transferred to a family trust.</footnote>
        <footnote id="F4">Line item is unchanged from original Form 4 and is included solely for purposes of filing this amendment.  Amendment is being
 filed solely to correct date of signature of reporting person.</footnote>
    </footnotes>

    <remarks>1 of 3 Form 4s - Additional transactions from November 19, 2007 were reported on separate Form 4s.</remarks>

    <ownerSignature>
        <signatureName>Roger B. Walcott Jr. By: Bryan L. Sutter, Attorney-in-Fact</signatureName>
        <signatureDate>2007-11-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----