FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   GOLDMAN SACHS GROUP INC 2. Date of Event Requiring Statement (Month/Day/Year) 03/25/2008 3. Issuer Name and Ticker or Trading Symbol MONEYGRAM INTERNATIONAL INC [MGI] (Last) (First) (Middle) 85 BROAD ST 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) __X__ Other (specify below) See (1), (2) and (3) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10004 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B-1 Part. Conv. Pref. Stk, par value $0.01	  (3)	  (3)	Series D Part. Conv. Pref. Stk, par value $0.01 (2)	109,000	$ 0 (3)	I	See (1) (4)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GOLDMAN SACHS GROUP INC 85 BROAD ST NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GOLDMAN SACHS & CO 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GSCP VI Advisors, L.L.C. 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GS Capital Partners VI Fund, L.P. 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GS Advisors VI, L.L.C. 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GSCP VI Offshore Advisors, L.L.C. 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GS Capital Partners VI Offshore Fund, L.P. 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GOLDMAN SACHS MANAGEMENT GP GMBH 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GS Capital Partners VI Parallel LP 85 BROAD ST NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)
GS Capital Partners VI GmbH & Co KG 85 BROAD STREET NEW YORK, NY 10004	Â	  X	Â	See (1), (2) and (3)

Signatures

See Exhibit 99.2		04/08/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	See Exhibit 99.1 for text of footnote 1.
(2)	See Exhibit 99.1 for text of footnote 2.
(3)	See Exhibit 99.1 for text of footnote 3.
(4)	See Exhibit 99.1 for text of footnote 4.

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