8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

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

Date of Report (Date of earliest event reported): November 29, 2007

DISCOVER FINANCIAL SERVICES

(Exact name of registrant as specified in its charter)

Commission File Number: 001-33378

Delaware	36-2517428
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

2500 Lake Cook Road, Riverwoods, Illinois 60015

(Address of principal executive offices, including zip code)

(224) 405-0900

(Registrant’s telephone number, including area code)

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

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:

¨ 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))

Item 8.01. Other events.

On November 29, 2007 Discover Financial Services (“Discover”) issued a press release announcing that it will hold its annual meeting of shareholders on Thursday, April 10, 2008, at 9:00 a.m. Central Time. Shareholders of record at the close of business on February 11, 2008 will be entitled to vote at Discover’s 2008 annual meeting of shareholders.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

The following exhibit is included as part of this Report on Form 8-K:

Exhibit No.	Description
99.1	Press Release dated November 29, 2007 issued by Discover Financial Services.

1

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.

	DISCOVER FINANCIAL SERVICES
Dated: November 29, 2007.	By:	/s/ Simon Halfin
	Name:	Simon Halfin
	Title:	Assistant Secretary

EX-99.1

Exhibit 99.1

DISCOVER FINANCIAL SERVICES ANNOUNCES DATE OF FIRST ANNUAL

SHAREHOLDERS’ MEETING

Riverwoods, IL, Nov. 29, 2007 – Discover Financial Services (NYSE: DFS) announced today that its first annual meeting of shareholders as an independent company is scheduled for Thursday, April 10, 2008, at 9:00 a.m. Central Standard Time at the company’s headquarters at 2500 Lake Cook Road, Riverwoods, IL, 60015.

Shareholders of record at the close of business on Feb. 11, 2008, will be entitled to vote at the meeting.

The company will mail a copy of the proxy statement and voting instructions to its shareholders prior to April 10, 2008.

About Discover Financial Services

Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America’s cash rewards pioneer, with more than 50 million cardmembers. Since its inception in 1986, the company has become one of the largest card issuers in the U.S. Its Third-Party Payments business consists of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation’s leading ATM/debit networks. Discover also operates the Goldfish credit card business in the United Kingdom. For more information, visit www.discoverfinancial.com.

Investor Contact

Craig Streem

Vice President, Investor Relations

224-405-3575

Media Contact

Leslie Sutton

Director, Public Relations

224-405-3965