U.S. Trust Company Guarantee for 6-7/8% Senior Collateralized Notes Due 2008

Summary

This agreement is a guarantee by MGM Grand, Inc. in favor of U.S. Trust Company, National Association, supporting the obligations related to 6-7/8% Senior Collateralized Notes due in 2008. The guarantee ensures that MGM Grand, Inc. will fulfill the payment obligations if the original debtor defaults. The terms and parties are similar to a separate guarantee for The Chase Manhattan Bank, differing only in the beneficiary and the specific notes covered.

EX-10.5 8 0008.txt U.S. TRUST COMPANY GUARANTEE Exhibit 10.5 Schedule of Omitted Document Pursuant to Instruction No. 2 to Item 601 of Regulation S-K, MGM Grand, Inc., has omitted from the Exhibits filed with its Current Report on Form 8-K the U.S. Trust Company Guarantee, which differs from the Chase Manhattan Bank Guarantee I filed as Exhibit 10.4 to this Current Report solely to the extent that each guaranty supports a different agreement. The signatory parties and substantive text of both guarantees are exactly the same. Only the parties in whose favor the guarantees were executed and the recital stating the interest rate and maturity date of the obligations being guaranteed are different, the Chase Manhattan Bank Guarantee I being in favor of The Chase Manhattan Bank with respect to 6.95% Senior Collateralized Notes due 2005 and the U.S. Trust Company Guarantee being in favor of U.S. Trust Company, National Association with respect to 6-7/8% Senior Collateralized Notes due 2008.