SCHEDULE 14A
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                     of the Securities Exchange Act of 1934
                               (Amendment No. __)


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                          Mentor Graphics Corporation
                (Name of Registrant as Specified In Its Charter)

                               Icahn Partners LP
                         Icahn Partners Master Fund LP
                        Icahn Partners Master Fund II LP
                       Icahn Partners Master Fund III LP
                         High River Limited Partnership
                             Hopper Investments LLC
                                 Barberry Corp.
                                Icahn Onshore LP
                               Icahn Offshore LP
                               Icahn Capital L.P.
                                   IPH GP LLC
                        Icahn Enterprises Holdings L.P.
                          Icahn Enterprises G.P. Inc.
                                 Beckton Corp.
                                 Carl C. Icahn
                                  Brett Icahn
                                David Schechter
                                  Gary Meyers
                               Jose Maria Alapont
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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                             FOR IMMEDIATE RELEASE

            ICAHN CONFIRMS VICTORY AT MENTOR GRAPHICS BOARD ELECTION

New York, New York, May 12, 2011
Contact: Susan Gordon (212) 702-4309

Carl C. Icahn issued the following statement today:

While  official  results  may  be  several  days away, it appears that our three
nominees (Jose Maria Alapont, Gary Meyers and David Schechter) have won election
as  directors  of Mentor Graphics, replacing incumbent directors James Fiebiger,
Marsha  Congdon  and  Fontaine Richardson. Preliminary results indicate that all
three  of our nominees won by a meaningfully high margin. We hope this marks the
beginning  of  a secular change in corporate governance that will usher in a new
era  in  which  director  accountability to shareholders becomes the rule rather
than  the  exception.

This  is  an  important  victory  for Mentor Graphics shareholders, many of whom
clearly shared our belief that change was warranted at the company. This is also
a  major  triumph for shareholder democracy generally. We have always maintained
that  a  board's  primary responsibility is to oversee management to ensure that
the  interests  of  shareholders  -  the  owners  of the company - are zealously
protected  and advanced above all others. In our view, there is no better way to
achieve  that  goal than to increase the alignment of the interests of directors
and  owners  by  allowing  owners  to  have  significant  board  representation.

We  continue  to believe Mentor's shares are undervalued and are pleased to have
provided a mechanism for shareholders to have a greater voice in determining the
company's  future.  Our  nominees  look  forward to a cooperative and productive
relationship  with  the  remaining  incumbent  directors.