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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950142-07-002248.txt : 20071001
<SEC-HEADER>0000950142-07-002248.hdr.sgml : 20071001
<ACCEPTANCE-DATETIME>20071001164537
ACCESSION NUMBER:		0000950142-07-002248
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070920
FILED AS OF DATE:		20071001
DATE AS OF CHANGE:		20071001

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCADOLIBRE INC
		CENTRAL INDEX KEY:			0001099590
		IRS NUMBER:				000000000

	BUSINESS ADDRESS:	
		STREET 1:		4890 SUBSUELO 1430 BUENOS AIRES
		CITY:			BUENOS AIRES ARGENTINA
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		000-000-0000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEVY ANTON J
		CENTRAL INDEX KEY:			0001396681

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33647
		FILM NUMBER:		071146371

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		203-629-8600

	MAIL ADDRESS:	
		STREET 1:		C/O GENERAL ATLANTIC SERVICE COMPANY,LLC
		STREET 2:		3 PICKWICK PLAZA
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3_levyex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-09-20</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001099590</issuerCik>
        <issuerName>MERCADOLIBRE INC</issuerName>
        <issuerTradingSymbol>MELI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001396681</rptOwnerCik>
            <rptOwnerName>LEVY ANTON J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GENERAL ATLANTIC SERVICE COMPANY,LLC</rptOwnerStreet1>
            <rptOwnerStreet2>3 PICKWICK PLAZA</rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3936140</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">3,936,140 shares of common stock represents 3,631,148 shares owned by General Atlantic Partners 84, L.P. (&quot;GAP 84&quot;), 47,049
 shares owned by GapStar, LLC (&quot;GapStar&quot;), 202,785 shares owned by GAP Coinvestments III, LLC (&quot;GAPCO III&quot;), 42,581 shares
 owned by GAP Coinvestments IV, LLC (&quot;GAPCO IV&quot;), 3,920 shares owned by GAP Coinvestments CDA, L.P. (&quot;CDA&quot;) and 8,657 shares
 owned by GAPCO GmbH &amp; Co. KG (&quot;KG&quot;).  General Atlantic LLC (&quot;General Atlantic&quot;) is the general partner of GAP 84 and CDA.
 General Atlantic is also the sole member of each of GapStar and CDA.</footnote>
        <footnote id="F2">The managing members of GAPCO III and GAPCO IV are Managing Directors of General Atlantic.  GAPCO Management GmbH (&quot;GmbH
 Management&quot;) is the general partner of KG.  The Managing Directors of General Atlantic make voting and investment decisions
 with respect to the securities held by KG and GmbH Management. Mr. Levy is a Managing Director of General Atlantic and a
 Managing Member of GAPCO III and GAPCO IV. Mr. Levy disclaims beneficial ownership of such shares beneficially owned by them
 except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Anton J. Levy</signatureName>
        <signatureDate>2007-09-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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