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)        June 23, 2005
                                                 -------------------------------

                                   DeVRY INC.
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             (Exact name of registrant as specified in its charter)


          DELAWARE                  1-13988                 36-3150143
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 (State or other jurisdiction     (Commission             (IRS Employer
      of incorporation            File Number)          Identification No.)


   ONE TOWER LANE, OAKBROOK TERRACE, IL                     60181
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 (Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code        (630) 571-7700
                                                   -----------------------------


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 (see General Instruction A.2 below):

[ ]  Written communications pursuant to Rule 425 under 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))


Total number of pages: 6


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                                   DEVRY INC.
                                 FORM 8-K INDEX


                                                                        Page No.


Item 8.01 - Other Events                                                   3

Signatures                                                                 3

Exhibit Index                                                              4






                                       2



Item 8.01 - Other Events
------------------------

On June 23, 2005, DeVry Inc. issued a press release announcing the financial
impact of fiscal 2005 fourth quarter workforce reductions. The full text of that
press release is included in Exhibit 99.1 in this Form 8-K.

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 thereunto duly authorized.


                                               DEVRY INC.
                                              ------------
                                              (REGISTRANT)



Date: June 23, 2005                            By: /s/ Ronald L. Taylor
                                                   -----------------------------
                                                   Ronald L. Taylor
                                                   Chief Executive Officer




Date: June 23, 2005                            By: /s/ Norman M. Levine
                                                   -----------------------------
                                                   Norman M. Levine
                                                   Senior Vice President and
                                                   Chief Financial Officer


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EXHIBIT INDEX

Exhibit                                                            Sequentially
Number                           Description                       Numbered Page
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99.1           Press release announcing the financial impact of fiscal
               2005 fourth quarter workforce reductions.                    5


                                       4