UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2008 Check here if Amendment [_]; Amendment Number:________ This Amendment (Check only one.): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Leucadia National Corporation Address: 315 Park Avenue South, 20th Floor New York, NY 10010 Form 13F File Number: 028-11122 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Joseph A. Orlando Title: Vice President and Chief Financial Officer Phone: 212-460-1900 Signature, Place, and Date of Signing: /s/ Joseph A. Orlando New York, NY May 14, 2008 --------------------------------- ------------ ------------ [SIGNATURE] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_] 13F NOTICE. (Check here if no holdings are in this report, and all holdings are reported by other reporting manager(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 7 Form 13F Information Table Value Total: $459,475 List of Other Included Managers: No. Form 13F File Number Name FORM 13F INFORMATION TABLE Col. 1 Col. 2 Col. 3 Col. 4 Col. 5 Col. 6 Col. 7 Col. 8 ------ ------ ------ ------ ------ ------ ------ ------ Title of Value Shrs or Sh/ Put/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Discretion Managers Sole Shared None -------------- -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- AMERICREDIT CORP COM 03060R 10 1 295,418 29,336,440 SH SOLE 29,336,440 CAPITAL SOUTHWEST CORP COM 140501 10 7 2,447 19,776 SH SOLE 19,776 CRESUD S A C I F Y A SPONSORED 226406 10 6 51,319 3,364,174 SH SOLE 3,364,174 ADR GEORESOURCES INC COM 372476 10 1 4,691 312,705 SH SOLE 312,705 INTERNATIONAL ASSETS HLDG CO COM 459028 10 6 34,569 1,384,985 SH SOLE 1,384,985 JEFFERIES GROUP INC NEW COM 472319 10 2 68,807 4,265,800 SH SOLE 4,265,800 UNITED WESTN BANCORP INC COM 913201 10 9 2,224 124,243 SH SOLE 124,243