H&R BLOCK INC — Director's Dealing 2007

Dec 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: H&R BLOCK INC (HRB)
CIK: 0000012659
Period of Report: 2007-12-03

Reporting Person: GRAEBNER CAROL F (Executive VP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-03	Common Stock, without par value	F	1115	$19.6800	Disposed	11885.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, without par value	22.9690	Indirect
Phantom Stock	249.2540	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option to Purchase	$23.7500	2016-12-01	Common Stock, without par value (50000.0000)	50000.0000	Direct
Call Option to Purchase	$23.3700	2017-06-30	Common Stock, without par value (50000.0000)	50000.0000	Direct

Footnotes

F1: Shares of stock units are held in the H&R Block Deferred Compensation Plan for Executives or the H&R Block Deferred Compensation Plan for Directors. Each unit has the value of one share of Common Stock.

F2: Options vest in three equal annual installments beginning on the first anniversary of the date of grant.