Form 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)          August 14, 2006
                                                --------------------------------

                           MACC PRIVATE EQUITIES INC.
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             (Exact Name of Registrant as Specified in Its Charter)


          DELAWARE                       0-24412               42-1421406
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(State or Other Jurisdiction           (Commission            (IRS Employer
      of Incorporation)               File Number)         Identification No.)


     101 Second Street SE, Suite 800, Cedar Rapids, Iowa         52401
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          (Address of Principal Executive Offices)            (Zip Code)



                                 (319) 363-8249
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              (Registrant's Telephone Number, Including Area Code)



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          (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 8.01  Other Events.

     The  Registrant  issued a press  release on August 14, 2006  regarding  its
results from operations in the third quarter of fiscal year 2006.

     A copy of the press release has been filed with this Current Report on Form
8-K as Exhibit 99.1, and is incorporated herein by reference.

     Item 9.01. Financial Statements and Exhibits.

     (c)  Exhibits

          99.1 Press Release dated August 14, 2006.





                                   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.

     Date: August 14, 2006

                                       MACC PRIVATE EQUITIES INC.


                                       By:      /s/ David R. Schroder
                                          --------------------------------------
                                          David R. Schroder
                                          President and Secretary





                                  Exhibit Index

Exhibit
Number            Description

99.1              Press Release dated August 14, 2006.