<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-04-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000096223</issuerCik>
        <issuerName>LEUCADIA NATIONAL CORP</issuerName>
        <issuerTradingSymbol>LUK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001214321</rptOwnerCik>
            <rptOwnerName>GLAUBINGER LAWRENCE D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>315 PARK AVENUE SOUTH 20TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10010</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <transactionDate>
                <value>2009-04-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>62500</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>16.27</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>233250</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>38500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See explanation.</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Reflects aggregate reporting of multiple open market transactions. The Reporting Person will provide upon request by the
 United States Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full informtion
 regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F2">The price reported is the weighted average sales price of share sales occurring at prices ranging from $16.22 to $16.32 per
 share.</footnote>
        <footnote id="F3">Common shares beneficially held by Reporting Person's private charitable foundation as to which Reporting Person disclaims
 beneficial ownership.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Lawrence D. Glaubinger</signatureName>
        <signatureDate>2009-04-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
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X0303
4
2009-04-07
0
0000096223
LEUCADIA NATIONAL CORP
LUK
0001214321
GLAUBINGER LAWRENCE D
315 PARK AVENUE SOUTH 20TH FLOOR
NEW YORK
NY
10010
1
0
0
0
Common Shares
2009-04-07
4
S
0
62500
16.27
D
233250
D
Common Shares
38500
I
See explanation.
Reflects aggregate reporting of multiple open market transactions. The Reporting Person will provide upon request by the
 United States Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full informtion
 regarding the number of shares sold at each separate price.
The price reported is the weighted average sales price of share sales occurring at prices ranging from $16.22 to $16.32 per
 share.
Common shares beneficially held by Reporting Person's private charitable foundation as to which Reporting Person disclaims
 beneficial ownership.
/s/ Lawrence D. Glaubinger
2009-04-08