UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 ---------------

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):             May 24, 2007
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                           MENTOR GRAPHICS CORPORATION
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               (Exact name of registrant as specified in charter)


           OREGON                   0-13442                    93-0786033
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(State or other jurisdiction      (Commission                 (IRS Employer
      of incorporation)           File Number)              Identification No.)


        8005 S.W. BOECKMAN ROAD                               97070-7777
            WILSONVILLE, OR
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 (Address of principal executive offices)                     (Zip Code)


Registrant's telephone number, including area code:     (503) 685-7000
                                                   -----------------------------


                                   NO CHANGE
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         (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))





Item 2.02  Results of Operations and Financial Condition.
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         Attached as Exhibit 99.1 is a copy of a press release of Mentor
Graphics Corporation dated May 24, 2007, announcing the Company's financial
results for the first quarter of fiscal year 2008 and outlook for the second
quarter and full fiscal year 2008, which is being furnished to the Securities
and Exchange Commission.









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                                   SIGNATURES

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


                                        MENTOR GRAPHICS CORPORATION
                                        (Registrant)


Date: May 24, 2007                      By: /s/ Dean M. Freed
                                            -----------------
                                            Dean M. Freed
                                            Vice President and General Counsel












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