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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 Date of Report
                        (Date of earliest event reported)

                               September 18, 2007

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

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         Delaware                     1-13988                   36-3150143
 (State of incorporation)     (Commission File Number)        (IRS Employer
                                                            Identification No.)


        One Tower Lane, Suite 1000
        Oakbrook Terrace, Illinois                                 60181
 (Address of principal executive offices)                        (Zip Code)

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

                                       N/A
          (Former name or former address, if changed since last report)

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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 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))

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Item 8.01             Other Events

         On September 18, 2007,  DeVry Inc.  issued a press  release  announcing
progress  on its real  estate  optimization  plan.  The full text of that  press
release is included in Exhibit 99.1 in this Form 8-K.

Forward Looking Statements

         This Form 8-K and the related  press  release  contain  forward-looking
statements  within  the  safe  harbor  provisions  of  the  Private   Securities
Litigation  Reform Act of 1995. All statements  other than those that are purely
historical are forward-looking statements. Words such as "expect," "anticipate,"
"believe,"  "estimate,"  "intend," "plan," and similar expressions also identify
forward-looking statements.

         Because   these   forward-looking    statements   involve   risks   and
uncertainties, there are important factors that could cause the Company's actual
results  to  differ   materially  from  those  projected  or  implied  by  these
forward-looking statements.  Additional information regarding factors that could
cause results to differ can be found in the Company's Annual Report on Form 10-K
for the fiscal year ended June 30, 2007.

         These  forward-looking  statements  are  based  on  information  as  of
September 18, 2007, and the Company  assumes no obligation to publicly update or
revise its forward-looking  statements even if experience or future changes make
it clear that any  projected  results  expressed or implied  therein will not be
realized.


Item 9.01             Financial Statements and Exhibits


99.1  Press Release dated September 18, 2007




                                   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.


                                     DEVRY INC.
                                     (Registrant)

Date: September 18, 2007             By:
                                           /s/ Richard M. Gunst
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                                           Richard M. Gunst
                                           Senior Vice President,
                                           Chief Financial Officer and Treasurer




                                  EXHIBIT INDEX



Exhibit Number    Description
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99.1              Press Release dated September 18, 2007