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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1. Name and Address of Reporting Person * BEEBE KEVIN L   2. Issuer Name and Ticker or Trading Symbol ALLTEL CORP [AT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Group Pres.-Operations (Last) (First) (Middle) ONE ALLIED DRIVE, B5F11B 3. Date of Earliest Transaction (Month/Day/Year) 11/16/2007 (Street) LITTLE ROCK, AR 72202 4. If Amendment, Date Original Filed(Month/Day/Year) 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 11/16/2007   D   90,291 D $ 71.5 0 D   Common Stock 11/16/2007   D   565.93 D $ 71.5 0 I By 401(k)

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
Non-Qualified Stock Option	$ 45.22	11/16/2007		D			89,439	(1)	01/19/2015	Common Stock	89,439	(2)	0	D
Non-Qualified Stock Option	$ 50.79	11/16/2007		D			89,681	(1)	01/18/2016	Common Stock	89,681	(2)	0	D
Non-Qualified Stock Option	$ 61.51	11/16/2007		D			75,000	(1)	01/17/2017	Common Stock	75,000	(2)	0	D
Stock Options	$ 23.83	11/16/2007		D			708	(1)	02/16/2000	Common Stock	708	(2)	0	D
Stock Options	$ 26.47	11/16/2007		D			64,746	(1)	02/16/2008	Common Stock	64,746	(2)	0	D
Incentive Stock Option	$ 53.24	11/16/2007		D			9,385	(1)	01/27/2009	Common Stock	9,385	(2)	0	D
Incentive Stock Option	$ 52.17	11/16/2007		D			2	(1)	08/08/2010	Common Stock	2	(2)	0	D
Incentive Stock Option	$ 55.54	11/16/2007		D			1,800	(1)	01/25/2011	Common Stock	1,800	(2)	0	D
Incentive Stock Option	$ 45.88	11/16/2007		D			2,179	(1)	01/23/2012	Common Stock	2,179	(2)	0	D
Incentive Stock Option	$ 41.1	11/16/2007		D			2,433	(1)	01/22/2013	Common Stock	2,433	(2)	0	D
Incentive Stock Option	$ 41.15	11/16/2007		D			2,429	(1)	01/21/2014	Common Stock	2,429	(2)	0	D
Incentive Stock Option	$ 45.22	11/16/2007		D			2,211	(1)	01/19/2015	Common Stock	2,211	(2)	0	D
Incentive Stock Option	$ 50.79	11/16/2007		D			1,969	(1)	01/18/2016	Common Stock	1,969	(2)	0	D
Non-Qualified Stock Option	$ 53.24	11/16/2007		D			296,115	(1)	01/27/2009	Common Stock	296,115	(2)	0	D
Non-Qualified Stock Option	$ 52.17	11/16/2007		D			427,698	(1)	08/08/2010	Common Stock	427,698	(2)	0	D
Non-Qualified Stock Option	$ 55.54	11/16/2007		D			132,620	(1)	01/25/2011	Common Stock	132,620	(2)	0	D
Non-Qualified Stock Option	$ 45.88	11/16/2007		D			181,121	(1)	01/23/2012	Common Stock	181,121	(2)	0	D
Non-Qualified Stock Option	$ 41.1	11/16/2007		D			144,207	(1)	01/22/2013	Common Stock	144,207	(2)	0	D
Non-Qualified Stock Option	$ 41.15	11/16/2007		D			89,221	(1)	01/21/2014	Common Stock	89,221	(2)	0	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BEEBE KEVIN L ONE ALLIED DRIVE B5F11B LITTLE ROCK, AR 72202			Group Pres.-Operations

Signatures

/s/ Beebe, Kevin L.		12/14/2007
**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)	These options were granted in accordance with Rule 16b-3(d) under a stock option plan. The grants have varied exercisable dates.
(2)	The price of all derivative securities in Table II, Column 8 is the difference between $71.50 and the exercise price for the security listed in Column 2.

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