8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT

                        PURSUANT TO SECTION 13 OR 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                                February 20, 2004
                Date of Report (Date of earliest event reported)


                                    VIAD CORP
             (Exact name of registrant as specified in its charter)



         DELAWARE                     001-11015                       36-1169950
(State or other jurisdiction of      (Commission                (I.R.S. Employer
incorporation or organization)       file number)            Identification No.)


 1850 N. CENTRAL AVE., PHOENIX, ARIZONA                         85077
(Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code (602) 207-4000











Item 7. FINANCIAL STATEMENTS AND EXHIBITS

    (a) Not applicable.

    (b) Not applicable.

    (c) Exhibits

             99.1   Press release, dated February 20, 2004, issued by Viad Corp.

Item 9. REGULATION FD DISCLOSURE

On February 20, 2004, Viad Corp ("Viad") issued a press release announcing that
its subsidiary, Travelers Express Company, Inc., has agreed to sell Game
Financial Corporation to Certegy Inc. The press release is attached hereto as
Exhibit 99.1.

The information in this current report on Form 8-K is being furnished and shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that
Section. The information in this current report shall not be incorporated by
reference into any registration statement or other document pursuant to the
Securities Act of 1933, as amended.

                                   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.


                                    VIAD CORP
                                  (Registrant)

February 20, 2004                   By /s/ G. Michael Latta
                                       ---------------------
                                       G. Michael Latta
                                       Vice President - Controller
                                       (Chief Accounting Officer
                                       and Authorized Officer)





                                     Page 2

EX-99.1

                                                                 Exhibit 99.1

              Viad Corp Announces that Travelers Express
      Intends to Sell Game Financial Corporation to Certegy Inc.

    PHOENIX--(BUSINESS WIRE)--Feb. 20, 2004--Viad Corp (NYSE:VVI)
today announced that its Travelers Express subsidiary has agreed to
sell Game Financial Corporation to a subsidiary of Certegy Inc. (NYSE:
CEY). The transaction, which is subject to customary closing
conditions, is expected to occur in early March 2004.
    Phil Milne, president and chief executive officer of Travelers
Express said, "Game Financial has been a good investment for Travelers
Express but no longer fits within our core business. We are pleased
with the sale to Certegy and confident that Game Financial will
continue to be successful under new management."
    Viad Corp announced that Travelers Express will sell Game
Financial for approximately $43 million. Travelers Express will record
a one-time gain upon completion of the transaction.

    About Game Financial Corporation

    Game Financial Corporation provides check cashing, debit and
credit card cash advance and ATM services to gaming establishments.
The Minnesota-based company is currently a subsidiary of the Travelers
Express Company, a world-wide provider of payment services. Travelers
Express is owned by Viad Corp.

    About Travelers Express Company, Inc.

    Minneapolis-based Travelers Express Company, Inc. is a leader in
the payment services industry and the leading money order processor in
the U.S. Besides money orders and MoneyGram(R) money transfers, the
company's services also include ExpressPayment(SM) transactions,
utility bill payments, official checks for financial institutions,
rebates and gift certificates. MoneyGram money transfer agents now
number 60,000 in 160 countries. Travelers Express is a subsidiary of
Viad Corp. For more information, visit the company's Web site at
www.temgweb.com.

    About Viad Corp

    Viad is a $1.6 billion revenue S&P MidCap 400 company. Major
subsidiaries include Travelers Express/MoneyGram of Minneapolis, GES
Exposition Services of Las Vegas, Exhibitgroup/Giltspur of Chicago,
Brewster Transport Company Limited of Banff, Alberta, Canada, and
Glacier Park, Inc. of Phoenix. For more information, visit the
company's Web site at www.viad.com.

    Forward Looking Statements

    As provided by the safe harbor provision under the "Private
Securities Litigation Reform Act of 1995" Viad cautions readers that,
in addition to historical information contained herein, this press
release includes certain information, assumptions and discussions that
may constitute forward-looking statements. These forward-looking
statements are not historical facts, but reflect current estimates,
projections, or expectations or trends concerning future growth,
earnings estimates, operating cash flows, availability of short-term
borrowings, consumer demand, new business, investment policies,
productivity improvements, ongoing cost reduction efforts, efficiency,
competitiveness, tax rates, interest rates, restructuring plans
(including timing and realization of cost savings), investment yield
impairment, and market risk. Actual results could differ materially
from those projected in the forward-looking statements. Viad's
businesses can be affected by a host of risks and uncertainties. Among
other things, natural disasters, gains and losses of customers,
consumer demand patterns, labor relations, purchasing decisions
related to customer demand for convention and event services, existing
and new competition, industry alliances, consolidation, and growth
patterns within the industries in which Viad competes and any further
deterioration in the economy may individually, or in combination
impact future results. In addition to factors mentioned elsewhere,
economic, competitive, governmental, technological, capital
marketplace and other factors, including further terrorist activities
or war, could affect the forward-looking statements in this press
release.
    Information about Viad Corp obtained from sources other than the
company may be out-of-date or incorrect. Please rely only on company
press releases, SEC filings and other information provided by the
company.


    CONTACT: Viad Corp, Phoenix
             Angela Phoenix, 602-207-5608
             aphoenix@viad.com