UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  20549
                                 
                                 
                                 
                             FORM 8-K
                                 
                                 
                          CURRENT REPORT
                                 
                                 
                                 
                  Pursuant to Section 13 or 15(d)
              of the Securities Exchange Act of 1934
                                 
                                 
                                 
                   Date of Report:  May 11, 1998
                                 
                                 
                                 
                                 
                             VIAD CORP
      (Exact name of registrant as specified in its charter)



      DELAWARE                     001-11015        36-1169950
(State or other jurisdiction of    (Commission   (I.R.S. Employer
incorporation or organization)     File Number)  Identification No.)


1850 N. CENTRAL AVE., PHOENIX ARIZONA             85077
(Address of principal executive offices)        (Zip Code)


Registrant's telephone number, including area code (602) 207-4000



ITEM 5.  OTHER EVENTS.

       In a press release dated May 11, 1998, Viad Corp ("Viad")
       announced a revised offer for the acquisition of MoneyGram
       Payment Systems, Inc. ("MoneyGram"), a provider of consumer
       money wire transfer services.  The cash tender offer, which
       commenced on April 10, 1998, through the filing of Schedule
       14D-1 with the Securities and Exchange Commission for all
       outstanding MoneyGram shares at a purchase price of $17 per
       share, was increased to $17.35 per share.  The revised
       offer, which would result in a total purchase price of
       approximately $306 million, including fees and expenses
       related to the offer, is scheduled to expire on May 22,
       1998.
       
       A copy of the press release is attached as Exhibit 99 to
       this report.
       
ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

       (c)  Exhibits.

             99   Press Release

                            SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.


                                        VIAD CORP
                                        By: /s/ Richard C. Stephan
                                        --------------------------
                                        Richard C. Stephan
                                        Vice President - Controller


DATE: May 13, 1998