8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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): August 19, 2004


                          MoneyGram International, Inc.
             (Exact name of registrant as specified in its charter)



            Delaware                  001-31950               16-1690064
            --------                  ---------               ----------
(State or other jurisdiction of    (Commission File         (IRS Employer
         incorporation)                 Number)         Identification Number)



           1550 Utica Avenue South, Minneapolis, Minnesota       55416
           -----------------------------------------------------------
               (Address of principal executive offices)     (Zip Code)


                                 (952) 591-3000
             ------------------------------------------------------
              (Registrant's telephone number, including area code)


                                      None
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)







Item 9.      Regulation FD Disclosure
             ------------------------

On August 19, 2004, the board of directors of MoneyGram International, Inc.
declared the company's initial, regular quarterly cash dividend of $.01 per
share on the common stock. The dividend is payable on October 1, 2004 to
stockholders of record at the close of business on September 16, 2004. A copy of
the press release announcing the declaration of the dividend is furnished
herewith as Exhibit 99.1.







                                    SIGNATURE


     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.

                                      MONEYGRAM INTERNATIONAL, INC.


                                      By: /s/ Teresa H. Johnson
                                          --------------------------------------
                                      Name: Teresa H. Johnson
                                      Title: Vice President, General Counsel and
                                             Secretary

Date: August 19, 2004







                                  EXHIBIT INDEX


Exhibit No.          Description of Document
- -----------          -----------------------

   99.1              Press Release dated August 19, 2004.

EX-99.1

                                                                    EXHIBIT 99.1

 MoneyGram International Declares Initial Regular Quarterly Dividend

    MINNEAPOLIS--(BUSINESS WIRE)--Aug. 19, 2004--The board of
directors of MoneyGram International, Inc. (NYSE:MGI) today declared
the company's initial quarterly cash dividend of $.01 per share on the
common stock. The dividend is payable October 1, 2004 to stockholders
of record at the close of business on September 16, 2004. This is the
first declaration of a dividend by MoneyGram International which
spun-off from Viad Corp (NYSE:VVI) on June 30, 2004. Any future
dividends are at the discretion, and subject to the approval, of
MoneyGram's board of directors.
    MoneyGram International, Inc. is a leading global payment services
company and S&P MidCap 400 company. The company's major products and
services include global money transfers, money orders and payment
processing solutions for financial institutions and retail customers.
For more information, visit the company's Website at
www.moneygram.com.

    Cautionary Information Regarding Forward-Looking Statements

    The statements contained in this press release regarding the
business of MoneyGram International, Inc. that are not historical
facts are forward-looking statements and are made under the Safe
Harbor provisions of the Private Securities Litigation Reform Act of
1995. These statements are based on management's current expectations
and are subject to uncertainty and changes in circumstances due to a
number of factors, including, but not limited to: (a) fluctuations in
interest rates that may materially adversely affect revenue derived
from investment of funds received from the sale of payment
instruments; (b) material changes in the market value of securities we
hold; (c) material changes in our need for and the availability of
liquid assets; (d) successful management of the credit and fraud risks
of retail agents, and the credit risk related to our investment
portfolio; (e) continued growth rates approximating recent levels for
consumer money transfer transactions and other payment product
markets; (f) renewal of material retail agent and financial
institution customer contracts, or loss of business from significant
agents or customers; (g) technological and competitive changes in the
payment services industry; (h) changes in laws, regulations or other
industry practices and standards which may require significant systems
redevelopment, reduce the market for or value of the company's
products or services or render products or services less profitable or
obsolete; (i) continued political stability in countries in which
MoneyGram has material agent relationships; (j) material lawsuits or
investigations; (k) catastrophic events that could materially
adversely impact operating facilities, communication systems and
technology of MoneyGram, its clearing banks or major customers, or
that may have a material adverse impact on current economic conditions
or levels of consumer spending; (l) material breach of security of any
of our systems; and (m) other factors more fully discussed in
MoneyGram's filings with the Securities and Exchange Commission.
Actual results may differ materially from historical and anticipated
results. These forward-looking statements speak only as of the date on
which such statements are made, and MoneyGram undertakes no obligation
to update such statements to reflect events or circumstances arising
after such date.

    CONTACT: MoneyGram International, Inc., Minneapolis
             Investor Relations:
             Patricia D. Phillips, 952-591-3840
             ir@moneygram.com