EXHIBIT 4
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                                MGM GRAND, INC.
                           EMPLOYEE STOCK BONUS PLAN


Section 1.  Purpose.  The purpose of the MGM Grand, Inc. Employee Stock Bonus
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Plan (the "Plan") is to promote the interests of the Company and its
stockholders, by rewarding the Company's employees and providing them with a
proprietary interest in the Company.  Management believes that such proprietary
interests should increase the personal interest and efforts of employees in
providing for the continued success and progress of the business of the Company
and enhance the Company's efforts to attract and retain competent employees.

Section 2.  Eligibility.  All individuals who are employees of the Corporation
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on May 7, 1996 and who continuously remain employees of the Company up to and
including May 7, 1997 ("Participants") are eligible to receive the bonus
provided for under the Plan.

Section 3.  The Stock Bonus.  All Participants shall be issued 15 shares (the
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"Shares") of the Company's common stock, par value $.01 (the "Common Stock"),
subject to the terms and conditions provided herein.  The aggregate number of
the shares of Common Stock which may be awarded under the Plan shall not exceed
120,000.  The Common Stock issuable hereunder may be issued from the authorized
but unissued shares of the Company's Common Stock or from shares of Common Stock
reacquired by the Company and held in treasury.

Section 4.  Administration.  The Plan shall be administered by the Board of
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Directors of the Company (the "Board"). The Board is authorized to interpret the
Plan and to adopt such rules, regulations, and procedures as it, in its sole and
absolute discretion, may deem appropriate to carry out the purposes of the Plan,
including rules and regulations necessary to comply with Rule 16(b)(3) under the
Securities Exchange Act of 1934. Decisions of the Board in connection with the
administration of the Plan shall be final, conclusive, and binding upon all
parties, including the Company, stockholders and employees.

     Subject to the terms, provisions, and conditions provided herein, the Board
shall have the sole discretion and authority to determine (a) the employees
eligible to receive bonuses pursuant to the Plan and (b) the time when the
bonuses will be paid.

     The Board shall have full power to delegate to any officer or employee of
the Company the authority to administer and interpret the procedural aspects of
the Plan, subject to the Plan's terms, including adopting rules to decide
procedural and administrative issues. The Board may rely on opinions, reports or
statements of officers or employees of the Company and of Company counsel,
public accountants and other professional or expert persons.

 
Section 5.  Other Terms and Conditions.
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     Section 5.1  Nothing in this Plan shall require the Company to issue or
     transfer any shares if such issuance or transfer would, in the opinion of
     the Board, constitute or result in a violation of any applicable statute or
     regulation of any relevant jurisdiction relating to disposition of
     securities.

     Section 5.2  Unless otherwise determined by the Board, the Plan shall be
     unfunded and shall not create or be construed to create a trust of a
     separate fund.  The Plan shall not establish any fiduciary relationship
     between the Company and any Participant or other person.

     Section 5.3  No person shall have any claim or right to be granted shares
     of Common Stock under the Plan.  No person shall have any claim or right to
     continued employment by the Company by reason of the Plan or any action
     taken hereunder.

     Section 5.4  Income realized as a result of an award of stock shall not be
     included in the Participant's earnings for purpose of any benefit plan in
     which the Participant may be enrolled or for which the recipient may become
     eligible unless otherwise specifically provided for in such plan.

     Section 5.5  The Company may deduct from any award, or from the
     Participant's payroll, any applicable withholding taxes or any amounts owed
     by the employee to the Company.

Section 6.  Effective Date and Term of Plan.  The effective date of the Plan
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shall be May 7, 1996.  No awards of Common Stock may be made under the Plan
after May 7, 1997.

Section 7.  Choice of Law.  The validity, construction, interpretation,
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administration and effect of the Plan and of its rules and regulations, and
rights relating to the Plan, shall be determined solely in accordance with the
laws of the State of Delaware.