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 *   PRESS ERIC 2. Date of Event Requiring Statement (Month/Day/Year) 01/28/2008 3. Issuer Name and Ticker or Trading Symbol HARRAHS ENTERTAINMENT INC [N/A] (Last) (First) (Middle) C/O APOLLO MANAGEMENT, L.P., 9 WEST 57TH STREET, 43RD FLOOR 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10019 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PRESS ERIC C/O APOLLO MANAGEMENT, L.P. 9 WEST 57TH STREET, 43RD FLOOR NEW YORK, NY 10019	  X	Â	Â	Â

Signatures

/s/ Eric Press		02/07/2008
**Signature of Reporting Person		Date

Explanation of Responses:

No securities are beneficially owned
*	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).
  Remarks: 1)  Mr. Press is associated with Apollo Management, L.P. and its affiliated investment managers, including Apollo Management  VI, L.P. ("Management VI").  Management VI is the co-manager of each of Co-Invest Hamlet Holdings, Series LLC ("Co-Invest  Series"), and Co-Invest Hamlet Holdings B, LLC ("Co-Invest B"), and is the manager of Apollo Investment Fund VI, L.P., the  sole member of Apollo Hamlet Holdings B, LLC ("Apollo Hamlet B").  The managers of Apollo Hamlet B are Leon Black, Joshua  Harris and Marc Rowan, each of whom is also a manager of Apollo Hamlet Holdings, LLC ("Apollo Hamlet").  Apollo Hamlet,  Apollo Hamlet B, Co-Invest Series and Co-Invest B each hold shares of the Non-Voting Common Stock, par value $0.01, and the  Non-Voting Perpetual Preferred Stock, par value $0.01, of Harrah's Entertainment, Inc. (the "Issuer").  This report does not  include any securities of the Issuer that may be deemed beneficially owned by Apollo Hamlet, Apollo Hamlet B, Co-Invest  Series, Co-Invest B or Management VI, and Mr. Press disclaims beneficial ownership of all such securities.  This report  shall not be deemed an admission that Mr. Press is the beneficial owner of, or has any pecuniary interest in, such  securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. 2)  Exhibit List Exhibit 24 - Power of Attorney

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