----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      8-K**

**C**
**URRENT**
**      REPORT**

**Pursuant      to Section 13 OR 15(d) of The Securities Exchange Act of      1934**

| Vail                Resorts, Inc.                                                                                                                                                                                                       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Exact                name of registrant as specified in its charter)                                                                                                                                                                   |
|                                                                                                                                                                                                                                    |   |   |   |   |
| Delaware                                                                                                                                                                                                                                |   | 1-9614 |   | 51-0291762 |
| (State                or other jurisdictionof                incorporation)                                                                                                                                                             |   | (Commission                File                Number) |   | (IRS                EmployerIdentification                No.) |
|                                                                                                                                                                                                                                    |   |   |
| 390                Interlocken Crescent, Suite 1000,Broomfield,                Colorado                                                                                                                                                 |   |  80021 |
| (Address                of principal executive offices)                                                                                                                                                                                 |   | (Zip                Code) |
|                                                                                                                                                                                                                                    |   |   |
| Registrant's                telephone number, including area code:                                                                                                                                                                      |   | (303)                404-1800 |
|                                                                                                                                                                                                                                    |   |   |
| Not                applicable                                                                                                                                                                                                           |
| (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                                                                                                                   |
| [                ]                Soliciting materials pursuant to Rule 14a-12 under the Exchange                Act                                                                                                                    |
| [                ]                Pre-commencement communications pursuant to Rule 14d-2(b) under the                Exchange Act                                                                                                       |
| [                ]                Pre-commencement communications pursuant to Rule 13e-4(c) under the                Exchange Act                                                                                                       |
|                                                                                                                                                                                                                                    |

**Item      1.01. **
**Entry      into a Material Definitive Agreement.**

**Item      2.03.**
**Creation      of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet      Arrangement of a Registrant.**

**SIGNATURE**

| Dated:                March 19, 2007 |   | Vail                Resorts, Inc.                                                         |
|--------------------------------------|--------|-------------------------------------------------------------------------------------------|
|                                 |   |                                                                                      |
|                                 | By:    | */s/                Jeffrey W. Jones*                                                     |
|                                 |   | Jeffrey                W. Jones                                                           |
|                                 |   | Senior                Executive Vice President and Chief Financial                Officer |

** **