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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 B383cLtaGKGIyPmNA4IyUbK2z268p3opU2/E65pqFBdrIj6KZSI2gH7s0A+WA67t
 2fgeBM0YGUcrPolo9rObvQ==

<SEC-DOCUMENT>0000935836-10-000002.txt : 20100105
<SEC-HEADER>0000935836-10-000002.hdr.sgml : 20100105
<ACCEPTANCE-DATETIME>20100105183509
ACCESSION NUMBER:		0000935836-10-000002
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081120
FILED AS OF DATE:		20100105
DATE AS OF CHANGE:		20100105

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WC CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001206633
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13806
		FILM NUMBER:		10509087

	MAIL ADDRESS:	
		STREET 1:		300 DRAKES LANDING RD
		STREET 2:		STE 230
		CITY:			GREENBRAE
		STATE:			CA
		ZIP:			94904

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REWARDS NETWORK INC
		CENTRAL INDEX KEY:			0000078536
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				846028875
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		TWO NORTH RIVERSIDE PLAZA
		STREET 2:		SUITE 950
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-521-6767

	MAIL ADDRESS:	
		STREET 1:		TWO NORTH RIVERSIDE PLAZA
		STREET 2:		SUITE 950
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IDINE REWARDS NETWORK INC
		DATE OF NAME CHANGE:	20020613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSMEDIA NETWORK INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIKES PEAK AMERICAN CORP
		DATE OF NAME CHANGE:	19840912
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>dine_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-11-20</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000078536</issuerCik>
        <issuerName>REWARDS NETWORK INC</issuerName>
        <issuerTradingSymbol>DINE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001206633</rptOwnerCik>
            <rptOwnerName>WC CAPITAL MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 DRAKES LANDING RD</rptOwnerStreet1>
            <rptOwnerStreet2>STE 230</rptOwnerStreet2>
            <rptOwnerCity>GREENBRAE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94904</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5333</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Note</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities represent the pecuniary interest of WC Capital Management, LLC, a California limited liability company
 (&quot;WC&quot;), Aaron H. Braun (collectively with WC, the &quot;Filers&quot;) and their affiliates in securities held directly by an
 investment limited partnership of which WC is the general partner and investment adviser, for the benefit of that
 partnership's investors. WC is an investment adviser certified in the State of California. Mr. Braun is the manager and
 controlling owner of WC.  The Filers are filing this Form 3 jointly, but not as a group, and each of them expressly
 disclaims membership in a group within the meaning of rule 13d-5(b)(1) under the Securities Exchange Act of 1934.  The
 securities are held by a different partnership than those reported on the Filers' Form 3 for the same date filed with
 respect to that other partnership's holdings of the Issuer's common stock.  Neither partnership holds more than 10% of such
 common stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>WC Capital Management, LLC, by Aaron H. Braun, Manager</signatureName>
        <signatureDate>2009-09-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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