FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * WHITNEY RUSSELL A   2. Issuer Name and Ticker or Trading Symbol WHITNEY INFORMATION NETWORK INC [RUSS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board (Last) (First) (Middle) WHITNEY INFORMATION NETWORK, INC., 1612 E. CAPE CORAL PARKWAY 3. Date of Earliest Transaction (Month/Day/Year) 12/13/2005 (Street) CAPE CORAL, FL 33904 4. If Amendment, Date Original Filed(Month/Day/Year) 12/13/2005 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/13/2005   S   1,250,000 D $ 4.5 5,365,600 (1) I By International Securities 3, LLC (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WHITNEY RUSSELL A WHITNEY INFORMATION NETWORK, INC. 1612 E. CAPE CORAL PARKWAY CAPE CORAL, FL 33904	X	X	Chairman of the Board

Signatures

/s/ Russell A. Whitney		05/22/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Reported in the Original Form 4 as 5,360,600.
(2)	As of the Transaction Date, International Securities 3, LLC was owned jointly by the Reporting Person and his spouse, Ingrid Whitney.
Remarks: This Form 4/A amends the Form 4 filed by the Reporting Person on December 13, 2005 (the "Original Form 4"), which, due to a calculation error, incorrectly under-reported by 5,000 shares the amount of Common Stock beneficially owned following the reported transaction.  The following filings by the Reporting Person also contain the same under-reporting of 5,000 shares of Common Stock beneficially owned by the Reporting Person: (a) Form 4 filed on March 20, 2006; (b) Form 4 filed on September 13, 2006; (c) Form 5 filed on January 3, 2007 for a September 14, 2006 disposition; (d) Form 4 filed on December 22, 2006; (e) Form 4 filed on December 26, 2006; (f) Form 4 filed on December 27, 2006; and (g) Form 4 filed on December 29, 2006.  This Form 4/A also amends the information reported in Columns 6 and 7 of Table I.

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