8-K

                       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): August 3, 2007

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

           Connecticut                     1-9583                 06-1185706
(State or other jurisdiction of   (Commission File Number)      (IRS Employer
         incorporation)                                      Identification No.)

              113 King Street,
             Armonk, New York                            10504

(Address of principal executive offices)               (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545


                                 Not Applicable
          (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 5.02.  Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

(d) Election of Director.

            On August 3, 2007, the Board of Directors of MBIA Inc. ("MBIA")
elected Richard C. Vaughan as a member of MBIA's Board of Directors. Mr. Vaughan
served as Executive Vice President and Chief Financial Officer of Lincoln
Financial Group from 1995 until his retirement in May 2005. Effective as of the
date of his election to MBIA's Board of Directors, Mr. Vaughan was appointed to
serve as a member of the Audit Committee and the Compensation and Organization
Committee. In addition, MBIA's Board of Directors has determined in accordance
with the independence standards set forth in the MBIA Inc. Board Corporate
Governance Practices that Mr. Vaughan is an Independent Director and does not
have any material relationships with MBIA. In addition, Mr. Vaughan meets the
definition of "Independent Director" set forth in the New York Stock Exchange
Corporate Governance Listing Standards. The MBIA Inc. Board Corporate Governance
Practices are attached as Exhibit A to MBIA's 2007 Proxy Statement and can be
found on MBIA's website, www.mbia.com.


Item 9.01.  Financial Statements and Exhibits.

(c) Exhibits.

99.1     Press Release issued by MBIA Inc. dated August 6, 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.

                                                    MBIA INC.

                                                    By: /s/ Ram D. Wertheim
                                                        -------------------
                                                        Ram D. Wertheim
                                                        General Counsel

Date: August 6, 2007




                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                              Dated August 3, 2007


Exhibit 99.1          Press Release issued by MBIA Inc. dated August 6, 2007.

EX-99.1

                                                                    Exhibit 99.1

       Richard C. Vaughan Elected to MBIA's Board of Directors

    Armonk, N.Y.--(BUSINESS WIRE)--Aug. 6, 2007--MBIA Inc. (NYSE:MBI)
announced today that Richard C. Vaughan (57) was elected to MBIA's
board of directors. Mr. Vaughan served as executive vice president and
chief financial officer of Lincoln Financial Group from 1995 until his
retirement in May 2005.

    Mr. Vaughan joined Lincoln in July 1990 as senior vice president
and chief financial officer of Lincoln National's Employee Benefits
Division. In June 1992, he was appointed chief financial officer for
the corporation and was promoted to executive vice president in
January 1995. Prior to that, Mr. Vaughan worked at EQUICOR where he
served as a vice president in charge of public offerings and insurance
accounting from September 1988 to July 1990. From July 1980 to
September 1988, Mr. Vaughan was a partner at KPMG Peat Marwick in St.
Louis.

    "Richard's distinguished career in finance and insurance
accounting provides added depth and knowledge to MBIA's board," said
MBIA board member and Nominating/Corporate Governance Committee Chair
Claire Gaudiani. "We will benefit from Richard's expertise and are
pleased to welcome him as a new board member."

    Mr. Vaughan is a member of the board of directors of DaVita Inc.
He has a Bachelor of Science degree in Business Administration from
the University of Missouri.

    MBIA Inc., through its subsidiaries, is a leading financial
guarantor and provider of specialized financial services. MBIA's
innovative and cost-effective products and services meet the credit
enhancement, financial and investment needs of its public and private
sector clients, domestically and internationally. MBIA Inc.'s
principal operating subsidiary, MBIA Insurance Corporation, has a
financial strength rating of Triple-A from Moody's Investors Service,
Standard & Poor's Ratings Services, Fitch Ratings, and Rating and
Investment Information, Inc. Please visit MBIA's Web site at
www.mbia.com.

    CONTACT: MBIA Inc.
             Elizabeth James
             +1-914-765-3889