Form 8-K

                                  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) February 14, 2008
                                                 -------------------------------

                           MACC PRIVATE EQUITIES INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


    DELAWARE                        0-24412                     42-1421406
--------------------------------------------------------------------------------
(State or Other Jurisdiction      (Commission                 (IRS Employer
       of Incorporation)           File Number)              Identification No.)


101 Second Street SE, Suite 800, Cedar Rapids, Iowa              52401
--------------------------------------------------------------------------------
   (Address of Principal Executive Offices)                    (Zip Code)



                                 (319) 363-8249
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)



--------------------------------------------------------------------------------
          (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 8.01 Other Events.

     The  Registrant  issued a press release on February 14, 2008  regarding its
results from operations in the first quarter of fiscal year 2008.

     A copy of the press release has been filed with this Current Report on Form
8-K as Exhibit 99.1, and is incorporated herein by reference.

     Item 9.01. Financial Statements and Exhibits.

         (c)      Exhibits

                  99.1     Press Release dated February 14, 2008.




                                   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.

         Date:  February 14, 2008

                               MACC PRIVATE EQUITIES INC.


                               By:      /s/ David R. Schroder
                                   ----------------------------------------
                                    David R. Schroder
                                    President and Secretary




                                  Exhibit Index
                                  -------------

Exhibit
Number            Description
------            -----------

99.1              Press Release dated February 14, 2008.