Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  STANLEY TIMOTHY S
 2. Date of Event Requiring Statement (Month/Day/Year)
02/15/2007		 3. Issuer Name and Ticker or Trading Symbol
HARRAHS ENTERTAINMENT INC [HET]
(Last)
(First)
(Middle)
ONE CAESARS PALACE DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President and CIO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LAS VEGAS, NV 89109		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 20,687
D
 
Common Stock 1,822
I
401(k) Plan (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option 01/01/2004(2) 06/17/2010 Common Stock 4,240 $ 43.495 D  
Employee Stock Option 01/01/2005(3) 06/16/2011 Common Stock 16,666 $ 52.585 D  
Employee Stock Option 01/01/2006(4) 06/17/2012 Common Stock 40,000 $ 73.95 D  
Employee Stock Option 01/01/2008(5) 11/09/2012 Common Stock 100,000 $ 63.96 D  
Stock Appreciation Right 06/30/2007(6) 07/18/2013 Common Stock 36,986 $ 64.97 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STANLEY TIMOTHY S
ONE CAESARS PALACE DRIVE
LAS VEGAS, NV 89109		       Senior Vice President and CIO  

Signatures

Timothy S. Stanley, by Angela P. Winter, attorney-in-fact 02/26/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Held by the Trustees of the Harrah's Entertainment, Inc. Savings and Retirement Plan. Holdings reported as of February 6, 2007 and rounded to nearest share.
(2) Exercisable in three equal installments on 1/1/04, 1/1/05 and 1/1/06.
(3) Exercisable in three equal installments on 1/1/05, 1/1/06 and 1/1/07.
(4) Exercisable in three equal installments on 1/1/06, 1/1/07 and 1/1/08.
(5) Exercisable as follows: 25% on 1/1/08, 25% on 1/1/09 and 50% on 1/1/10.
(6) Exercisable in three equal installments on 6/30/07, 6/30/08 and 6/30/09.

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