-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-07-054531.txt : 20070828
<SEC-HEADER>0001181431-07-054531.hdr.sgml : 20070828
<ACCEPTANCE-DATETIME>20070828134738
ACCESSION NUMBER:		0001181431-07-054531
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070824
FILED AS OF DATE:		20070828
DATE AS OF CHANGE:		20070828

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MGM MIRAGE
		CENTRAL INDEX KEY:			0000789570
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				880215232
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3600 LAS VEGAS BLVD S
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89109
		BUSINESS PHONE:		7028913333

	MAIL ADDRESS:	
		STREET 1:		PO BOX 98655
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89193-8655

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MGM GRAND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRAND NAME CO
		DATE OF NAME CHANGE:	19870713

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KERKORIAN KIRK
		CENTRAL INDEX KEY:			0000898686
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10362
		FILM NUMBER:		071083218

	BUSINESS ADDRESS:	
		STREET 1:		4045 S. SPENCER
		STREET 2:		# A57
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7027378060

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRACINDA CORP
		CENTRAL INDEX KEY:			0000319029
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10362
		FILM NUMBER:		071083219

	BUSINESS ADDRESS:	
		STREET 1:		150 RODEO DRIVE SUITE 250
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90212
		BUSINESS PHONE:		7027378060

	MAIL ADDRESS:	
		STREET 1:		150 RODEO DRIVE SUITE 250
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90212
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd170684.xml
<DESCRIPTION>FORM 4-EMP OPT 8-24-07
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-08-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000789570</issuerCik>
        <issuerName>MGM MIRAGE</issuerName>
        <issuerTradingSymbol>MGM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000319029</rptOwnerCik>
            <rptOwnerName>TRACINDA CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>150 SOUTH RODEO DRIVE, SUITE 250</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BEVERLY HILLS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90212</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000898686</rptOwnerCik>
            <rptOwnerName>KERKORIAN KIRK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>150 SOUTH RODEO DRIVE, SUITE 250</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BEVERLY HILLS</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>90212</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Director and 10% Owner</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Common Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.09</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-08-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-07-14</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-07-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Determination of price per share of options to receive cash held by an employee based on the difference between the weighted average price per share on August 24, 2007 ($83.33) and the exercise price of 50,000 shares of MGM Mirage Common Stock.  Ownership of the common stock is retained directly by Tracinda Corporation and indirectly by Kirk Kerkorian who owns all of the outstanding shares of common stock of Tracinda Corporation.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Anthony L Mandekic as Atty-in-fact for Tracinda Corporation and Kirk Kerkorian</signatureName>
        <signatureDate>2007-08-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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