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): October 17, 2007

MANPOWER INC.

(Exact name of registrant as specified in its charter)

Wisconsin	1-10686	39-1672779
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5301 North Ironwood Road Milwaukee, Wisconsin	53217
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (414) 961-1000

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 Securities 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 2.02 Results of Operations and Financial Condition

On October 17, 2007, we issued a press release announcing our results of operations for the three- and nine- month periods ended September 30, 2007. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Exhibits.

Exhibit No.	Description
99.1	Press Release dated October 17, 2007
99.2	Presentation materials for October 17, 2007 conference call

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.

	MANPOWER INC.
Dated: October 17, 2007	By:	/s/ Michael J. Van Handel
		Michael J. Van Handel Executive Vice President, Chief Financial Officer and Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated October 17, 2007
99.2	Presentation materials for October 17, 2007 conference call

EX-99.1

Exhibit 99.1

[MANPOWER logo]

FOR IMMEDIATE RELEASE	Contact:
	Mike Van Handel
	Manpower Inc.
	+1.414.906.6305
	michael.vanhandel@manpower.com

Manpower Reports 3^rd Quarter 2007 Results

MILWAUKEE, WI, USA, October 17, 2007 – Manpower Inc. (NYSE: MAN) today reported that earnings per diluted share for the three months ended September 30, 2007 increased 35% to $1.57 from $1.16 in the prior year period. Net earnings in the quarter increased to $131.7 million from $100.6 million a year earlier. Revenues for the third quarter were $5.3 billion, an increase of 15 percent from the year earlier period.

Third quarter results were favorably impacted by 8 cents per diluted share as foreign currencies were relatively stronger compared to the third quarter of 2006. On a constant currency basis, revenues increased 8% over the prior year period.

“The Manpower team throughout the world continues to perform extremely well,” said Jeffrey A. Joerres, Chairman and CEO. “Once again, the strength of the group’s geographic presence and business portfolio are clearly evident in our results. The Netherlands, Germany, Belgium and Elan – our Pan-European IT staffing company – all performed well. Additionally, Right Management, our outplacement and organizational consulting company, is showing momentum across all geographies.

“Although we do detect a bit of caution in the markets, as we look to the fourth quarter, we do not believe it will significantly affect our performance. We are anticipating the fourth quarter of 2007 diluted earnings per share to be in the range of $1.50 to $1.54, which includes an estimated favorable currency impact of 10 cents,” Joerres stated.

Earnings per diluted share for the nine months ended September 30, 2007, were $4.10 compared to $2.65 per diluted share in 2006. Net earnings were $351.6 million compared to $233.6 million in the prior year. Revenues for the nine-month period were $14.9 billion, an increase of 16 percent from the prior year or 9 percent in constant currency. Foreign currency exchange rates had a favorable impact of 19 cents for the nine-month period.

Included in net earnings for the nine months ended September 30, 2006, is a 16 cent per diluted share charge related to reorganization costs and a global cost reduction initiative. Also included in the prior year period are earnings per diluted share from discontinued operations of 31 cents.

On July 27, 2007, Manpower filed a Form 8-K indicating that the French payroll tax benefit arising from the revised payroll tax calculation announced by the social security office in April 2007 would no longer apply after September 30, 2007. Included in earnings per diluted share is a favorable impact from the revised calculation of 19 cents and 85 cents for the three-month and nine-month period ending September 30, 2007, respectively. Manpower’s previously-issued third-quarter earnings guidance anticipated an estimated benefit from the reduced payroll taxes of 14 cents per diluted share.

In conjunction with its third quarter earnings release, Manpower will broadcast its conference call live over the Internet on October 17, 2007 at 7:30 a.m. CDT (8:30 a.m. EDT). Interested parties are invited to listen to the webcast and view the presentation by logging on to http://investor.manpower.com.

Supplemental financial information referenced in the conference call can be found at http://investor.manpower.com.

About Manpower Inc.

Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry, creating and delivering services that enable its clients to win in the changing world of work. The $18 billion company offers employers a range of services for the entire employment and business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting. Manpower’s worldwide network of 4,400 offices in 73 countries and territories enables the company to meet the needs of its 400,000 clients per year, including small and medium size enterprises in all industry sectors, as well as the world’s largest multinational corporations. The focus of Manpower’s work is on raising productivity through improved quality, efficiency and cost-reduction across their total workforce, enabling clients to concentrate on their core business activities. Manpower Inc. operates under five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More information on Manpower Inc. is available at www.manpower.com.

Forward-Looking Statements

This news release contains statements, including earnings projections, that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding the Company’s expected future results. The Company’s actual results may differ materially from those described or contemplated in the forward-looking statements. Factors that may cause the Company’s actual results to differ materially from those contained in the forward-looking statements can be found in the Company’s reports filed with the SEC, including the information under the heading ‘Risk Factors’ in its Annual Report on Form 10-K for the year ended December 31, 2006, which information is incorporated herein by reference.

- ### -

Manpower Inc.

Results of Operations

(In millions, except per share data)

	Three Months Ended September 30
	2007		2006		% Variance
					Amount Reported		Constant Currency
	(Unaudited)
Revenues from services (a)	$	5,295.4	$	4,590.0	15.4	%	8.5	%
Cost of services		4,321.0		3,785.8	14.1	%
Gross profit		974.4		804.2	21.2	%	14.2	%
Selling and administrative expenses		752.5		640.3	17.5	%	11.2	%
Operating profit		221.9		163.9	35.3	%	26.0	%
Interest and other expenses		9.1		10.6	-15.0	%
Earnings before income taxes and discontinued operations		212.8		153.3	38.8	%	30.0	%
Provision for income taxes		81.1		56.3	44.2	%
Net earnings from continuing operations		131.7		97.0	35.7	%	27.3	%
Income from discontinued operations, net of income taxes		—		3.6	N/A
Net earnings	$	131.7	$	100.6	31.0	%	22.9	%
Net earnings per share - basic:
Continuing operations	$	1.59	$	1.14	39.5	%
Discontinued operations		—		0.04	N/A
Total	$	1.59	$	1.18	34.7	%
Net earnings per share - diluted:
Continuing operations	$	1.57	$	1.12	40.2	%	31.3	%
Discontinued operations		—		0.04	N/A
Total	$	1.57	$	1.16	35.3	%	26.7	%
Weighted average shares - basic		82.7		85.3	-3.0	%
Weighted average shares - diluted		84.1		86.7	-3.0	%

(a) Revenues from services include fees received from our franchise offices of $9.4 million and $9.6 million for the three months ended September 30, 2007 and 2006, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $387.4 million and $392.3 million for the three months ended September 30, 2007 and 2006, respectively.

Manpower Inc.

Operating Unit Results

(In millions)

	Three Months Ended September 30
	2007			2006		% Variance
						Amount Reported		Constant Currency
	(Unaudited)
Revenues from Services:
United States (a)	$	502.2		$	542.1	-7.4	%	-7.4	%
France		1,871.3			1,654.0	13.1	%	4.8	%
Other EMEA (b)		1,740.3			1,353.4	28.6	%	19.1	%
Italy (b)		334.5			276.3	21.1	%	12.0	%
Jefferson Wells		85.5			93.9	-8.9	%	-8.9	%
Right Management		98.7			90.5	9.0	%	4.6	%
Other Operations		662.9			579.8	14.4	%	10.7	%
	$	5,295.4		$	4,590.0	15.4	%	8.5	%
Operating Unit Profit:
United States	$	24.1		$	28.6	-15.9	%	-15.9	%
France		100.7			62.0	62.7	%	50.7	%
Other EMEA (b)		74.4			49.2	51.4	%	40.6	%
Italy (b)		24.6			16.7	46.4	%	34.9	%
Jefferson Wells		(1.7	)		10.0	-117.2	%	-117.2	%
Right Management		5.7			2.2	157.4	%	147.4	%
Other Operations		18.8			16.4	13.4	%	11.0	%
		246.6			185.1
Corporate expenses		21.4			17.9
Amortization of intangible assets		3.3			3.3
Operating profit		221.9			163.9	35.3	%	26.0	%
Interest and other expenses (c)		9.1			10.6
Earnings before income taxes and discontinued operations	$	212.8		$	153.3

(a) In the United States, revenues from services include fees received from the related franchise offices of $6.5 million and $6.6 million for the three months ended September 30, 2007 and 2006, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $270.7 million and $285.9 million for the three months ended September 30, 2007 and 2006, respectively.

(b) Italy and Other EMEA were combined as the EMEA segment in previous years. All previous years’ results have been revised to conform to the current year presentation.

(c) The components of interest and other expenses were:

Interest expense	$	17.0		$	14.4
Interest income		(8.7	)		(4.4	)
Foreign exchange (gain) loss		(0.1	)		0.3
Miscellaneous expenses, net		0.9			0.3
	$	9.1		$	10.6

Manpower Inc.

Results of Operations

(In millions, except per share data)

	Nine Months Ended September 30
	2007		2006		% Variance
					Amount Reported		Constant Currency
	(Unaudited)
Revenues from services (a)	$	14,865.4	$	12,851.8	15.7	%	8.9	%
Cost of services		12,066.9		10,571.6	14.1	%
Gross profit		2,798.5		2,280.2	22.7	%	16.0	%
Selling and administrative expenses		2,196.3		1,917.9	14.5	%	8.5	%
Operating profit		602.2		362.3	66.2	%	55.3	%
Interest and other expenses		26.4		36.1	-27.1	%
Earnings before income taxes and discontinued operations		575.8		326.2	76.5	%	66.2	%
Provision for income taxes		224.2		120.1	86.7	%
Net earnings from continuing operations		351.6		206.1	70.6	%	60.6	%
Income from discontinued operations, net of income taxes		—		27.5	N/A
Net earnings	$	351.6		233.6	50.5	%	41.7	%
Net earnings per share - basic:
Continuing operations	$	4.19	$	2.38	76.1	%
Discontinued operations		—		0.32	N/A
Total	$	4.19	$	2.70	55.2	%
Net earnings per share - diluted:
Continuing operations	$	4.10	$	2.34	75.2	%	65.0	%
Discontinued operations		—		0.31	N/A
Total	$	4.10	$	2.65	54.7	%	45.7	%
Weighted average shares - basic		84.0		86.5	-3.0	%
Weighted average shares - diluted		85.7		88.0	-2.7	%

(a) Revenues from services include fees received from our franchise offices of $26.8 million and $26.4 million for the nine months ended September 30, 2007 and 2006, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $1,111.6 million and $1,143.8 million for the nine months ended September 30, 2007 and 2006, respectively.

Manpower Inc.

Operating Unit Results

(In millions)

	Nine Months Ended September 30
	2007		2006		% Variance
					Amount Reported		Constant Currency
	(Unaudited)
Revenues from Services:
United States (a)	$	1,474.4	$	1,587.0	-7.1	%	-7.1	%
France		5,149.2		4,430.1	16.2	%	7.7	%
Other EMEA (b)		4,798.7		3,760.7	27.6	%	17.8	%
Italy (b)		993.1		810.4	22.5	%	13.5	%
Jefferson Wells		250.6		288.2	-13.0	%	-13.0	%
Right Management		298.4		288.4	3.5	%	-0.5	%
Other Operations		1,901.0		1,687.0	12.7	%	10.7	%
	$	14,865.4	$	12,851.8	15.7	%	8.9	%
Operating Unit Profit:
United States	$	61.7	$	60.6	1.9	%	1.9	%
France		308.3		142.1	117.0	%	102.3	%
Other EMEA (b)		166.8		92.3	80.7	%	67.6	%
Italy (b)		70.1		47.3	48.1	%	37.1	%
Jefferson Wells		0.4		25.7	-98.4	%	-98.4	%
Right Management		22.8		17.9	27.8	%	23.3	%
Other Operations		46.6		48.8	-4.9	%	-5.9	%
		676.7		434.7
Corporate expenses		64.7		62.6
Amortization of intangible assets		9.8		9.8
Operating profit		602.2		362.3	66.2	%	55.3	%
Interest and other expenses (c)		26.4		36.1
Earnings before income taxes and discontinued operations	$	575.8	$	326.2

(a) In the United States, revenues from services include fees received from the related franchise offices of $18.3 million and $17.9 million for the nine months ended September 30, 2007 and 2006, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $818.3 million and $860.1 million for the nine months ended September 30, 2007 and 2006, respectively.

(b) Italy and Other EMEA were combined as the EMEA segment in previous years. All previous years’ results have been revised to conform to the current year presentation.

(c) The components of interest and other expenses were:

Interest expense	$	46.5		$	39.1
Interest income		(24.3	)		(11.5	)
Foreign exchange losses		0.1			2.5
Miscellaneous expenses, net		4.1			6.0
	$	26.4		$	36.1

Manpower Inc.

Consolidated Balance Sheets

(In millions)

	Sept. 30 2007			Dec. 31 2006
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	538.8		$	687.9
Accounts receivable, net		4,537.3			3,837.2
Prepaid expenses and other assets		130.7			90.5
Future income tax benefits		88.8			66.4
Total current assets		5,295.6			4,682.0
Other assets:
Goodwill and other intangible assets, net		1,402.2			1,293.6
Other assets		385.1			336.4
Total other assets		1,787.3			1,630.0
Property and equipment:
Land, buildings, leasehold improvements and equipment		747.1			693.2
Less: accumulated depreciation and amortization		534.8			491.1
Net property and equipment		212.3			202.1
Total assets	$	7,295.2		$	6,514.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	1,011.3		$	889.9
Employee compensation payable		224.4			180.7
Accrued liabilities		805.8			562.1
Accrued payroll taxes and insurance		657.6			699.9
Value added taxes payable		622.2			517.0
Short-term borrowings and current maturities of long-term debt		50.2			32.0
Total current liabilities		3,371.5			2,881.6
Other liabilities:
Long-term debt		855.3			791.2
Other long-term liabilities		456.2			367.1
Total other liabilities		1,311.5			1,158.3
Shareholders’ equity:
Common stock		1.0			1.0
Capital in excess of par value		2,472.9			2,420.7
Retained earnings		937.2			617.0
Accumulated other comprehensive income		241.4			120.6
Treasury stock, at cost		(1,040.3	)		(685.1	)
Total shareholders’ equity		2,612.2			2,474.2
Total liabilities and shareholders’ equity	$	7,295.2		$	6,514.1

Manpower Inc.

Consolidated Statements of Cash Flows

(In millions)

	Nine Months Ended Sept. 30
	2007			2006
	(Unaudited)
Cash Flows from Operating Activities:
Net earnings	$	351.6		$	233.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on sale of business		—			(29.3	)
Depreciation and amortization		68.2			65.8
Deferred income taxes		(13.6	)		(22.2	)
Provision for doubtful accounts		17.3			18.6
Share-based compensation		18.8			15.9
Excess tax benefit on exercise of stock options		(5.5	)		(7.0	)
Changes in operating assets and liabilities, excluding the impact of acquisitions:
Accounts receivable		(430.1	)		(396.2	)
Other assets		(25.7	)		22.7
Other liabilities		318.2			324.2
Cash provided by operating activities		299.2			226.1
Cash Flows from Investing Activities:
Capital expenditures		(65.8	)		(47.3	)
Acquisitions of businesses, net of cash acquired		(100.2	)		(7.8	)
Proceeds from sale of business		—			29.6
Proceeds from sale of an equity interest		—			8.8
Proceeds from the sale of property and equipment		3.7			3.6
Cash used by investing activities		(162.3	)		(13.1	)
Cash Flows from Financing Activities:
Net borrowings of short-term facilities and long-term debt		15.7			(0.6	)
Proceeds from stock option and purchase plans		34.1			45.2
Excess tax benefit on exercise of stock options		5.5			7.0
Repurchases of common stock		(359.5	)		(235.9	)
Dividends paid		(27.1	)		(23.7	)
Cash used by financing activities		(331.3	)		(208.0	)
Effect of exchange rate changes on cash		45.3			24.6
Change in cash and cash equivalents		(149.1	)		29.6
Cash and cash equivalents, beginning of period		687.9			454.9
Cash and cash equivalents, end of period	$	538.8		$	484.5

EX-99.2

Manpower Inc.

2007 3

rd

Quarter Results

New Face

New Place

October 17, 2007

Exhibit 99.2

2

Manpower Inc. 2007 3

Quarter

Results

rd

Forward Looking Statement

This presentation includes forward-looking statements which are

subject to risks and uncertainties. Actual results might differ

materially from those projected in the forward-looking statements.

Forward-looking statements can be identified by words such as

“expect,”

“plan,”

“may,”

“will,”

and similar expressions.  Additional

information concerning factors that could cause actual results to

materially differ from those in the forward-looking statements is

contained in the Company’s Annual Report on Form 10-K dated

December 31, 2006, which information is incorporated herein by

reference, and such other factors as may be described from time to

time in the Company’s SEC filings.

3

Manpower Inc. 2007 3

Quarter Results

rd

Throughout this presentation, the difference between reported variances and Constant Currency (CC)

variances represents the impact of currency on our financial results. Constant Currency is further

explained on our Web site.

Consolidated Financial Highlights

31% CC

Operating Profit

$222M

OP Margin

4.2%

Revenue

$5.3B

Gross Margin

18.4%

EPS from Continuing Operations

$1.57

15%

8% CC

88 bps

60 bps

40%

35%

26% CC

Q3 Highlights

(1)

(1)

Includes the favorable impact from the French payroll tax change of $27.0M ($16.1M after tax, or       

19 cents per share).

(1)

(1)

4

Manpower Inc. 2007 3

Quarter Results

rd

Consolidated Gross Profit Margin Change

18.40%

17.52%

15%

16%

17%

18%

19%

Q3 2006

France -

Impact of

Payroll Tax

Change

Temporary

Recruitment

Permanent

Recruitment

Mix -

Specialty

Q3 2007

- 0.30%

+ 0.25%

+ 0.57%

+ 0.36%

5

Manpower Inc. 2007 3

Quarter Results

rd

United States Segment

(9% of Revenue)

Q3 Financial Highlights

7%

OUP Margin

4.8%

50 bps

Revenue

$502M

OUP

$24M

16%

Operating Unit Profit (OUP) is the measure that we use to evaluate segment

performance.

OUP

is

equal

to

segment

revenues

less

direct

costs

and

branch and

national headquarters operating costs.

6

Manpower Inc. 2007 3

Quarter Results

rd

France Segment

(35% of Revenue)

Q3 Financial Highlights

OUP Margin

5.4%

Revenue

$1.9B

OUP

$101M

13%

5% CC

170 bps

63%

51% CC

(1)

The impact of the change in the French payroll tax calculation is included above.  The change has a

$27.0M positive impact on OUP and a positive 150 bps impact on OUP margin.

(1)

(1)

7

Manpower Inc. 2007 3

Quarter Results

rd

Other EMEA Segment

(33% of Revenue)

Q3 Financial Highlights

OUP Margin

4.3%

Revenue

$1.7B

OUP

$74M

29%

19% CC

70 bps

51%

41% CC

8

Manpower Inc. 2007 3

Quarter Results

rd

Other EMEA –

Q3 Revenue Growth YoY

Revenue Growth -

CC

Revenue Growth

% of Segment

Revenue

19%

16%

15%

11%

8%

8%

23%

46%

9%

38%

19%

4%

17%

36%

1%

28%

31%

12%

28%

26%

41%

Other

Spain

Netherlands

Germany

UK - Manpower

Elan

Nordics

9

Manpower Inc. 2007 3

Quarter Results

rd

Italy Segment

(6% of Revenue)

Q3 Financial Highlights

OUP Margin

7.3%

Revenue

$335M

OUP

$25M

21%

12% CC

120 bps

46%

35% CC

10

Manpower Inc. 2007 3

Quarter Results

rd

Jefferson Wells Segment

(2% of Revenue)

Q3 Financial Highlights

OUP Margin

-

2.0%

Revenue

$86M

OUP

$(2M)

1260 bps

9%

117%

(1)

(1)

Results include $3.0M of move-related expenses for the move to the new headquarters.

11

Manpower Inc. 2007 3

Quarter Results

rd

Right Management Segment

(2% of Revenue)

Q3 Financial Highlights

OUP Margin

5.8%

Revenue

$99M

OUP

$6M

9%

5% CC

340 bps

157%

147% CC

12

Manpower Inc. 2007 3

Quarter Results

rd

Other Operations Segment

(13% of Revenue)

Q3 Financial Highlights

OUP Margin

2.8%

Revenue

$663M

OUP

$19M

14%

11% CC

10 bps

13%

11% CC

13

Manpower Inc. 2007 3

Quarter Results

rd

Other Operations –

Q3 Revenue Growth YoY

Revenue Growth -

CC

Revenue Growth

% of Segment

Revenue

33%

16%

15%

36%

24%

17%

9%

4%

9%

9%

7%

16%

Other

Mexico

Australia/NZ

Japan

14

Manpower Inc. 2007 3

Quarter Results

rd

Financial Highlights

15

Manpower Inc. 2007 3

Quarter Results

rd

+ $.02

-

$.02

-

$.03

+ $.14

+ $.19

+ $.08

Share Repurchase Accretion

Reported Q3 Results vs. Guidance

Reported

Guidance

Revenue Growth

(Constant Currency)

8.5%

7 -

9%

Operating Profit Margin

4.2%

3.9 -

4.1%

EPS

$1.57

$1.39 -

$1.43

Currency

+ $.08

Headquarters Move

-

French Payroll Tax Change

EPS Details:

16

Manpower Inc. 2007 3

Quarter Results

rd

367

280

370

416

137

135

109

848

906

837

823

735

902

842

0

250

500

750

1,000

2003

2004

2005

2006

Q1

2007

Q2

2007

Q3

2007

Total Debt

Net Debt

Balance Sheet Highlights

Total Debt

($ in millions)

Total Debt to

Total Capitalization

39%

29%

26%

25%

25%

26%

24%

0%

10%

20%

30%

40%

2003

2004

2005

2006

Q1

2007

Q2

2007

Q3

2007

17

Manpower Inc. 2007 3

Quarter Results

rd

Proceeds from Sale of Business

Other

22

30

Change in Cash

(149)

30

-

14

* 4,944,200 shares in 2007 and 4,000,000 shares in 2006.

Cash Flow Summary –

Nine Months

2007

2006

Cash from Operations

299

226

Capital Expenditures

(66)

(47)

Free Cash Flow

233

179

Share Repurchases *

(360)

(236)

Change in Debt

(100)

(1)

($ in millions)

Proceeds from Equity Plans

40

52

Acquisitions of Businesses,

net of cash acquired

(8)

16

18

Manpower Inc. 2007 3

Quarter Results

rd

Fourth Quarter Outlook

Revenue

U.S.

Down 3-5%

France

Up

14-16%

(Up 4-6% CC)

Up

21-23%

Italy

(Up 11-13% CC)

Jefferson Wells

Right Management

Up 4-6%

(Up 1-3% CC)

Other

Up 12-14%

(Up 11-13% CC)

Total

Up 14-16%

(Up 8-10% CC)

Gross Profit Margin

18.2-18.4%

Operating Profit Margin

3.7-3.9%

Tax Rate from Continuing Operations

36.5%

EPS from Continuing Operations

$1.50-$1.54

(Pos.

$.10

Currency)

Down 6-8%

Other EMEA

(Up 16-18% CC)

Up

23-25%

19

Manpower Inc. 2007 3

Quarter Results

rd

-

$.22

+ $.86

-

$.22

-

-

+ $.86

Full-Year Forecast

2006

Variance

$      CC

Revenue

$ 20.3B

15%

EPS

–

Continuing Operations

Items impacting EPS:

$5.61

Reorg./cost initiatives

French payroll tax change

2007

Forecast

$ 17.6B

9%

$3.48

61%

53%

Note: 2007 forecasted amounts are based upon the mid-point

of Q4 guidance.

Manpower Inc.

2007 3

rd

Quarter Results

Questions?

Answers

October 17, 2007