**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

----

**Form      10-K/A**

**(Amendment      No. 2)**

----

**      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES      EXCHANGE ACT OF 1934**

**      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE      SECURITIES EXCHANGE ACT OF 1934**

**WORLD      ACCEPTANCE**

**CORPORATION**

| South Carolina                                                           |   | 570425114                                           |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (I.R.S.                Employer Identification No.) |

| 108                Frederick StreetGreenville,                South Carolina |   | 29607                     |
|------------------------------------------------------------------------------|--------|---------------------------|
| (Address                of principal executive offices)                      |   | (Zip                Code) |

| (864)                298-9800                                                      |
|------------------------------------------------------------------------------------|
| (Registrant's                telephone number, including area                code) |

| Title                of Each Class              |   |                  Name of Each Exchange on Which Registered  |
|-------------------------------------------------|--------|-----------------------------------------------------------------------|
| Common                Stock, no par value  |   | The                NASDAQ Stock Market LLC                       |
|                                            |   | (NASDAQ                Global Select Market)                     |

| Large                accelerated filer o |   | Accelerated                filer x                                   |
|-----------------------------------------------|--------|---------------------------------------------------------------------------|
| Non-accelerated                filer o        |   | Smaller                reporting company o                                |
|                                          |   | (Do                not check if smaller reporting                company) |

**DOCUMENTS      INCORPORATED BY REFERENCE**

----

**WORLD      ACCEPTANCE CORPORATION**

**Explanatory      Note**

**PART      II.**

**Item      5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer      Purchases of Equity Securities**

|                                                |   |           |    |             |    | (c) Total Number         |   | (d) Approximate Dollar |    |
|-----------------------------------------------------|--------|----------------|---------|------------------|---------|------------------------------------|--------|----------------------------------|---------|
|                                                |   | (a) Total |    | (b) Average |    | of Shares Purchased      |   | Value of Shares        |    |
|                                                |   | Number of |    | Price Paid  |    | as Part of Publicly |   | That May Yet be   |    |
|                                                |   | Shares         |    | per              |    | Announced Plans               |   | Purchased Under the    |    |
|                                                |   | Purchased      |    | Share            |    | or Programs                   |   | Plans or Programs      |    |
|                                                |   |           |    |             |    |                               |   |                             |    |
| January                1 through January 31, 2008   |   |           | -       |             |    | -                                  |   |                             | -       |   |   | 11,547,976 |   |
|                                                |   |           |    |             |    |                               |   |                             |    |   |   |   |   |
| February                1 through February 29, 2008 |   |           | 190,000 |             |    | 30.82                              |   |                             | 190,000 |   |   | 15,693,026 | (1) |
|                                                |   |           |    |             |    |                               |   |                             |    |   |   |   |   |
| March                1 through March 31, 2008       |   |           | 495,000 |             |    | 29.75                              |   |                             | 495,000 |   |   | 964,709 |   |
|                                                |   |           |    |             |    |                               |   |                             |    |   |   |   |   |
| Total                for the Quarter                |   |           | 685,000 |             | $  | 30.05                              |   |                             | 685,000 |   |   |   |   |

**Market      Price of Common Stock**

| Fiscal                2008 |   |
|----------------------------|--------|
| Quarter                    |   | High |   | Low |   |
|                       |   |   |   |   |   |
| First                      |   | $ | 45.74 |   | $ | 39.27 |   |
| Second                     |   |   | 43.16 |   |   | 27.76 |   |
| Third                      |   |   | 35.59 |   |   | 26.40 |   |
| Fourth                     |   |   | 35.50 |   |   | 19.89 |   |
|                       |   |   |   |   |   |   |   |
| Fiscal                2007 |
| Quarter                    |   |   | High |   |   | Low |   |
|                       |   |   |   |   |   |   |   |
| First                      |   | $ | 36.90 |   | $ | 25.12 |   |
| Second                     |   |   | 47.30 |   |   | 33.90 |   |
| Third                      |   |   | 50.81 |   |   | 43.60 |   |
| Fourth                     |   |   | 49.10 |   |   | 37.00 |   |

----

**PART      IV.**

**Item      15. Exhibits and Financial Statement Schedules **

|   | The                following exhibits are filed as part of this report or, where so                indicated, have been previously filed and are incorporated herein                by                reference. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    |   |                                                                                                                                                                                                   |   | Filed Herewith (*),           |   |                        |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|-----------------------------|
|    |   |                                                                                                                                                                                                   |   | Previously filed (+), or |   |                        |
|    |   |                                                                                                                                                                                                   |   | or Incorporated by            |   | Company                     |
| Exhibit |   |                                                                                                                                                                                                   |   | Reference Previous                 |   | Registration                |
| Number  |   | Description                                                                                                                                                                                            |   | Exhibit Number                     |   | No. or Report     |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 3.1     |   | Second                Amended and Restated Articles of Incorporation of the Company, as                amended                                                                                         |   | 3.1                                     |   | 333-107426                  |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 3.2     |   | Fourth                Amended and Restated Bylaws of the Company                                                                                                                                       |   | 99.1                                    |   | 8-03-07                8-K  |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.1     |   | Specimen                Share Certificate                                                                                                                                                              |   | 4.1                                     |   | 33-42879                    |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.2     |   | Articles                3, 4 and 5 of the Form of Company's Second Amended and Restated Articles                of Incorporation (as amended)                                                          |   | 3.1                                     |   | 333-107426                  |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.3     |   | Article                II, Section 9 of the Company’s Fourth Amended And Restated                Bylaws                                                                                          |   | 99.1                                    |   | 8-03-07                8-K  |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.4     |   | Amended                and Restated Credit Agreement dated July 20, 2005                                                                                                                               |   | 4.4                                     |   | 6-30-05                10-Q |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.5     |   | First                Amendment to Amended and Restated Revolving Credit Agreement, dated                as of                August 4, 2006                                                            |   | 4.4                                     |   | 6-30-06                10-Q |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.6     |   | Second                Amendment to Amended and Restated Revolving Credit Agreement dated                as of                October 2, 2006                                                           |   | 10.1                                    |   | 10-04-06                8-K |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.7     |   | Third                Amendment to Amended and Restated Revolving Credit Agreement dated                as of                August 31, 2007                                                            |   | 10.1                                    |   | 9-07-07                8-K  |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.7     |   | Subsidiary                Security Agreement dated as of June 30, 1997, as amended through                July 20,                2005                                                                 |   | 4.5                                     |   | 9-30-05                10-Q |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.8     |   | Company                Security Agreement dated as of June 20, 1997, as amended through                July 20,                2005                                                                    |   | 4.6                                     |   | 9-30-05                10-Q |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.9     |   | Fourth                Amendment to Subsidiary Amended and Restated Security Agreement,                Pledge                and Indenture of Trust (i.e. Subsidiary Security                Agreement) |   | 4.7                                     |   | 6-30-05                10-Q |
|    |   |                                                                                                                                                                                                   |   |                                    |   |                        |
| 4.10    |   | Fourth                Amendment to Amended and Restated Security Agreement, Pledge and                Indenture                of Trust, (i.e. Company Security Agreement)                             |   | 4.10                                    |   | 9-30-04                10-Q |

----

| Exhibit Number        |   | Description                                                                                                                                                     |   | Filed Herewith (*), Previously filed (+), or or Incorporated by Reference Previous Exhibit Number |   | Company Registration No. or Report                                                                                            |
|----------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
|                  4.11 |   | Fifth                Amendment to Amended and Restated Security Agreement, Pledge                and Indenture of Trust (i.e. Company Security Agreement)       |   | 4.9                                                                                                                                                                |   | 6-30-05                10-Q                                                                                                                       |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
|                  4.12 |   | Form                of 3.00% Convertible Senior Subordinated Note due 2011                                                                                      |   | 4.1                                                                                                                                                                |   | 10-12-06                8-K                                                                                                                       |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
|                  4.13 |   | Indenture,                dated October 10, 2006 between the Company and U.S. Bank National                Association, as Trustee                              |   | 4.2                                                                                                                                                                |   | 10-12-06                8-K                                                                                                                       |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.1+                      |   | Employment                Agreement of A. Alexander McLean, III, effective May 21,                2007                                                          |   | 10.3                                                                                                                                                               |   | 2007                10-K                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.2+                      |   | Employment                Agreement of Mark C. Roland, effective as of May 21, 2007                                                                             |   | 10.4                                                                                                                                                               |   | 2007                10-K                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.3+                      |   | Employment                Agreement of Kelly M. Malson, effective as of August 27,                2007                                                          |   | 99.1                                                                                                                                                               |   | 8-29-07                8-K                                                                                                                        |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.4+                      |   | Securityholders'                Agreement, dated as of September 19, 1991, between the Company and                certain                of its securityholders |   | 10.5                                                                                                                                                               |   | 33-42879                                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.5+                      |   | Supplemental                Income Plan                                                                                                                         |   | 10.7                                                                                                                                                               |   | 2000                10-K                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.6+                      |   | Second                Amendment to the Company’s Supplemental Income Plan                                                                                 |   | 10.15                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.7+                      |   | Board                of Directors Deferred Compensation Plan                                                                                                    |   | 10.6                                                                                                                                                               |   | 2000                10-K                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.8                       |   | Second                Amendment to the Company’s Board of Directors Deferred Compensation Plan                (2000)                                      |   | 10.13                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.9+                      |   | 1992                Stock Option Plan of the Company                                                                                                            |   | 4                                                                                                                                                                  |   | 33-52166                                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.10+                     |   | 1994                Stock Option Plan of the Company, as amended                                                                                                |   | 10.6                                                                                                                                                               |   | 1995                10-K                                                                                                                          |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.11+                     |   | First                Amendment to the Company’s 1992 and 1994 Stock Option                Plans                                                           |   | 10.10                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.12+                     |   | 2002                Stock Option Plan of the Company                                                                                                            |   | Appendix                A                                                                                                                                          |   | Definitive                Proxy Statement                on Schedule                14A for                the 2002 Annual                Meeting |
|                       |   |                                                                                                                                                            |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.13+                     |   | First                Amendment to the Company’s 2002 Stock Option Plan                                                                                    |   | 10.11                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |

----

| Exhibit Number |   | Description                                                                                                                         |   | Filed Herewith (*), Previously filed (+), or or Incorporated by Reference Previous Exhibit Number |   | Company Registration No. or Report                                                                                            |
|---------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.14+              |   | 2005                Stock Option Plan of the Company                                                                                |   | Appendix                B                                                                                                                                          |   | Definitive                Proxy Statement                on Schedule                14A for                the 2005 Annual                Meeting |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.15+              |   | First                Amendment to the Company’s 2005 Stock Option Plan                                                        |   | 10.12                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.16+              |   | The                Company’s Executive Incentive Plan                                                                         |   | 10.6                                                                                                                                                               |   | 1994                10-K                                                                                                                          |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.17+              |   | The                Company’s Retirement Savings Plan                                                                          |   | 4.1                                                                                                                                                                |   | 333-14399                                                                                                                                         |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.18+              |   | Executive                Deferral Plan                                                                                              |   | 10.12                                                                                                                                                              |   | 2001                10-K                                                                                                                          |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.19+              |   | Second                Amendment to the Company’s Executive Deferral Plan                                                      |   | 10.14                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.20+              |   | First                Amended and Restated Board of Directors 2005 Deferred Compensation                Plan                         |   | 10.16                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.21+              |   | First                Amended and Restated 2005 Executive Deferral Plan                                                              |   | 10.17                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 10.22+              |   | Second                Amended and Restated World Acceptance Corporation 2005 Supplemental                Income                Plan |   | 10.18                                                                                                                                                              |   | 12-31-07                10-Q                                                                                                                      |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 14                  |   | Code                of Ethics                                                                                                       |   | 14                                                                                                                                                                 |   | 2004                10-K                                                                                                                          |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 21                  |   | Schedule                of the Company’s Subsidiaries                                                                         |   | 21                                                                                                                                                                 |   | 3-31-08                10-K                                                                                                                       |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 23                  |   | Consent                of KPMG LLP                                                                                                  |   | 23                                                                                                                                                                 |   | 3-31-08                10-K/A, Amendment                No. 1                                                                                |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 31.1                |   | Rule                13a-14(a)/15d-14(a) Certification of Chief Executive                Officer                                     |   | 31.1                                                                                                                                                               |   | *                                                                                                                                                 |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 31.2                |   | Rule                13a-14(a)/15d-14(a) Certification of Chief Financial                Officer                                     |   | 31.2                                                                                                                                                               |   | *                                                                                                                                                 |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 32.1                |   | Section                1350 Certification of Chief Executive Officer                                                                |   | 32.1                                                                                                                                                               |   | 3-31-08                10-K                                                                                                                       |
|                |   |                                                                                                                                |   |                                                                                                                                                               |   |                                                                                                                                              |
| 32.2                |   | Section                1350 Certification of Chief Financial Officer                                                                |   | 32.2                                                                                                                                                               |   | 3-31-08                10-K                                                                                                                       |

----

**WORLD      ACCEPTANCE CORPORATION**

**SIGNATURE**

| **WORLD                ACCEPTANCE CORPORATION**  |
|-------------------------------------------------------|
|                                             |                    |
| By:                                         | /s/ Kelly                M. Malson |
|                                                  | Kelly                M. Malson |
|                                                  | Chief                Financial Officer Date:                June 12, 2008 |

----