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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 ooj4pZ8VC5d2UO2uSWMMOw==

<SEC-DOCUMENT>0000922907-08-000428.txt : 20080528
<SEC-HEADER>0000922907-08-000428.hdr.sgml : 20080528
<ACCEPTANCE-DATETIME>20080528142320
ACCESSION NUMBER:		0000922907-08-000428
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080527
FILED AS OF DATE:		20080528
DATE AS OF CHANGE:		20080528

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MACC PRIVATE EQUITIES INC
		CENTRAL INDEX KEY:			0000923808
		IRS NUMBER:				421421406
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		101 SECOND ST SE
		STREET 2:		STE 800
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52401
		BUSINESS PHONE:		3193638249

	MAIL ADDRESS:	
		STREET 1:		101 SECOND STREET SE
		STREET 2:		SUITE 800
		CITY:			CEDAR RAPIDS
		STATE:			IA
		ZIP:			52401

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EILER JAMES W.
		CENTRAL INDEX KEY:			0001423909

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00150
		FILM NUMBER:		08863158

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		515-440-3735

	MAIL ADDRESS:	
		STREET 1:		480 SOUTH 34TH COURT
		CITY:			WEST DES MOINES
		STATE:			IA
		ZIP:			50265
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4eiler_052808ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-27</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000923808</issuerCik>
        <issuerName>MACC PRIVATE EQUITIES INC</issuerName>
        <issuerTradingSymbol>NASD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001423909</rptOwnerCik>
            <rptOwnerName>EILER JAMES W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3775 EP TRUE PKWY, SUITE 150</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WEST DES MOINES</rptOwnerCity>
            <rptOwnerState>IA</rptOwnerState>
            <rptOwnerZipCode>50265</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-05-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>484</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1484</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Daniel A. Peterson, Attorney-in-Fact for James W. Eiler</signatureName>
        <signatureDate>2008-05-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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