FORM 6-K



FORM 6-K


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


Report of Foreign Private Issuer


Pursuant to Rule 13a-16 or 15d-16


of the Securities Exchange Act of 1934



For the Month of November 2006


FORMULA SYSTEMS (1985) LTD.

(Translation of Registrant's Name into English)


3 Abba Eban Blvd., Herzliya, Israel

(Address of Principal Executive Offices)



Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.


Form 20-F....X....         Form 40-F........


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes........            No....X....


If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-.....................

Attached to the Registrant's Form 6-K for the month of November 2006 and incorporated by reference herein is the Registrant's immediate report dated November 20th, 2006.

SIGNATURE

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.


FORMULA SYSTEMS (1985) LTD.

(Registrant)


By: _____________________

Gad Goldstein

President


Dated: November 20th, 2006







SIGNATURE

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.


FORMULA SYSTEMS (1985) LTD.

(Registrant)


By:/s/ Gad Goldstein

Gad Goldstein


President


Dated: November 20th, 2006