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)

July 10, 2007



GREAT SOUTHERN BANCORP, INC.
(Exact name of Registrant as specified in its Charter)


Maryland
0-18082
43-1524856
(State or other
jurisdiction of
incorporation)		(Commission File No.)(IRS Employer
Identification
Number)

1451 East Battlefield, Springfield, Missouri
65804
(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: (417) 887-4400

N/A
(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))


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Item 8.01.  Other Events

         On July 10, 2007, Great Southern Bancorp, Inc. (the "Company") issued $5.0 million aggregate liquidation amount of floating rate cumulative trust preferred securities through Great Southern Capital Trust III, a statutory trust formed by the Company for the purpose of issuing the securities. The securities will bear a floating distribution rate equal to 90-day LIBOR plus 1.40%. The securities are redeemable, at the Company's option, in whole or in part, at par, beginning October 1, 2012, and if not sooner redeemed, mature on October 1, 2037. The securities were sold in a private transaction exempt from registration under the Securities Act of 1933, as amended.






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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.

GREAT SOUTHERN BANCORP, INC.



Date:July 12, 2007
By:   /s/ Joseph W. Turner
         Joseph W. Turner, President and
           Chief Executive Officer














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