FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * BISHOP TERRI C   2. Issuer Name and Ticker or Trading Symbol APOLLO GROUP INC [APOL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP Public Affairs & Policy (Last) (First) (Middle) 4615 E. ELWOOD STREET 3. Date of Earliest Transaction (Month/Day/Year) 01/14/2008 (Street) PHOENIX, AZ 85040 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 01/14/2008   S   1,733 D $ 77.0165 14,000 D   Class A Common Stock 01/14/2008   M   150 A $ 29.3267 14,150 D   Class A Common Stock 01/14/2008   S   150 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   10,000 A $ 41.92 24,000 D   Class A Common Stock 01/14/2008   S   10,000 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   17,500 A $ 51.33 31,150 D   Class A Common Stock 01/14/2008   S   17,500 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   2,500 A $ 60.9 16,500 D   Class A Common Stock 01/14/2008   S   2,500 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   2,500 A $ 60.9 16,500 D   Class A Common Stock 01/14/2008   S   2,500 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   3,750 A $ 71.23 17,750 D   Class A Common Stock 01/14/2008   S   3,750 D $ 75.7098 14,000 D   Class A Common Stock 01/14/2008   M   2,000 A $ 71.21 16,000 D   Class A Common Stock 01/14/2008   S   2,000 D $ 75.7098 14,000 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 29.3267

01/14/2008

M

150

01/02/2003

01/02/2012

Class A Common Stock

150

$ 29.3267

0

D

Non-Qualified Stock Option (right to buy)

$ 41.92

01/14/2008

M

10,000

(1)

10/22/2012

Class A Common Stock

10,000

$ 41.92

0

D

Non-Qualified Stock Option (right to buy)

$ 51.33

01/14/2008

M

17,500

(2)

06/23/2016

Class A Common Stock

17,500

$ 51.33

52,500

D

Non-Qualified Stock Option (right to buy)

$ 60.9

01/14/2008

M

2,500

(3)

10/20/2013

Class A Common Stock

2,500

$ 60.9

0

D

Non-Qualified Stock Option (right to buy)

$ 60.9

01/14/2008

M

2,500

(4)

10/20/2013

Class A Common Stock

2,500

$ 60.9

0

D

Non-Qualified Stock Option (right to buy)

$ 71.21

01/14/2008

M

2,000

(5)

11/01/2015

Class A Common Stock

2,000

$ 71.21

2,000

D

Non-Qualified Stock Option (right to buy)

$ 71.23

01/14/2008

M

3,750

(6)

08/06/2014

Class A Common Stock

3,750

$ 71.23

1,250

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BISHOP TERRI C 4615 E. ELWOOD STREET PHOENIX, AZ 85040			Sr. VP Public Affairs & Policy

Signatures

By Joseph D'Amico for Terri Bishop		01/16/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	The option vested and became exercisable for 50% of the option shares on August 31, 2003 and the remaining 50% of the option shares on August 31, 2004.
(2)	The option is currently exercisable for the 25% of the option shares and will become exercisable for the balance of the option shares in three successive equal annual installments upon the Reporting Person's continuation in service with the Issuer through February 28, 2008, February 28, 2009 and February 28, 2010.
(3)	The option becomes exercisable for all of the option shares on an accelerated basis on August 31, 2004.
(4)	The option became exercisable for all of the option shares on an accelerated basis on August 31, 2005
(5)	The option is currently exercisable for the 50% of the option shares and will become exercisable for the balance of the shares in two successive equal annual installments upon the Reporting Person's continuation in service with the Issuer through August 31, 2008 and August 31, 2009.
(6)	The option is currently exercisable for the 75% of the option shares and will become exercisable for the balance of the option shares upon the Reporting Person's continuation in service with the Issuer through August 31, 2008.

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