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): June 16, 2004

APOLLO GROUP, INC.

(Exact Name of Registrant as Specified in Charter)

Arizona	0-25232	86-0419443
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4615 East Elwood Street, Phoenix, Arizona	85040
(Address of Principal Executive Offices)	(Zip Code)

(480) 966-5394

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS

	Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
	Item 9. Regulation FD Disclosure.
SIGNATURES
EXHIBIT INDEX
Exhibit 99.1

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits.

99.1 Press Release dated June 16, 2004

Item 9. Regulation FD Disclosure.

          On June 16, 2004, Apollo Group, Inc. reported via press release that it has reached an agreement with the Department of Labor regarding the exemption status of University of Phoenix Online enrollment advisors. A copy of this press release is attached hereto as Exhibit 99.1.

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 thereunto duly authorized.

Date: June 16, 2004	APOLLO GROUP, INC.
	By:	/s/ Kenda B. Gonzales
	Kenda B. Gonzales
	Chief Financial Officer, Secretary and Treasurer
	By:	/s/ Todd S. Nelson
	Todd S. Nelson
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated June 16, 2004

EX-99.1

News Release

Apollo Group, Inc.
4615 E. Elwood St.
Phoenix, AZ 85040
(800) 990-APOL
(480) 379-3503 fax
Internet:
www.apollogrp.edu
www.phoenix.edu
www.uopxonline.com
www.ipd.org
www.fp.edu
www.wintu.edu

Company Contact:
Kenda B. Gonzales
Chief Financial Officer
(800) 990-APOL
Email:
kenda.gonzales@apollogrp.edu

Investor Relations Contact:
Janess Pasinski
Apollo Group, Inc.
(800) 990-APOL
Email:
janess.pasinski@apollogrp.edu

Press Contact:
Ayla Dickey
Apollo Group, Inc
(480) 557-2952
Email:
ayla.dickey@apollogrp.edu

APOLLO GROUP, INC. ANNOUNCES AGREEMENT REACHED WITH
DEPARTMENT OF LABOR

Phoenix, Arizona, June 16, 2004 — Apollo Group, Inc. (NASDAQ: APOL, UOPX) today reported that it has reached an agreement with the Department of Labor regarding the exemption status of University of Phoenix Online enrollment advisors. The Company and the Department have worked together for the past several months to resolve this issue. The resolution includes a payment between $2 million and $3 million by the Company. The Company had previously reserved the full amount expecting to resolve this issue sometime during their current fiscal year.

     Todd S. Nelson, President and CEO said, “We truly appreciate the professionalism demonstrated by Department of Labor officials in resolving this complex issue for our University of Phoenix Online employees. We believe this resolution will help improve the performance of many of our University of Phoenix Online employees.”

     Apollo Group, Inc. has been providing higher education programs to working adults for more than 25 years. Apollo Group, Inc. operates through its subsidiaries The University of Phoenix Inc., Institute for Professional Development, The College for Financial Planning Institutes Corp., and Western International University, Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States. It offers educational programs and services at 75 campuses and 125 learning centers in 38 states, Puerto Rico and Vancouver, British Columbia. Combined degree enrollment was 227,800 students as of February 29, 2004.

     For more information about Apollo Group, Inc. and its subsidiaries, call (800) 990-APOL or visit Apollo on the World Wide Web at http://www.apollogrp.edu.