Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Wiseley Todd L
 2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2008		 3. Issuer Name and Ticker or Trading Symbol
VALASSIS COMMUNICATIONS INC [VCI]
(Last)
(First)
(Middle)
19975 VICTOR PARKWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP - Admin, Secretary
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LIVONIA, MI 48152		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 321
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 03/01/2004 03/01/2009 Common Stock 7,500 $ 32 D  
Employee Stock Option (Right to Buy) 12/03/2007 12/03/2012 Common Stock 5,000 $ 29.04 D  
Employee Stock Option (Right to Buy) 12/31/2005 12/07/2014 Common Stock 5,000 $ 34.54 D  
Employee Stock Option (Right to Buy) 08/12/2008(1) 08/12/2013 Common Stock 3,200 $ 27.55 D  
Employee Stock Option (Right to Buy) 12/02/2008(2) 12/02/2013 Common Stock 1,725 $ 28.58 D  
Employee Stock Option (Right to Buy) 12/02/2008(3) 12/02/2013 Common Stock 2,400 $ 28.58 D  
Employee Stock Option (Right to Buy) 01/01/2012(4) 01/01/2017 Common Stock 5,000 $ 14.5 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wiseley Todd L
19975 VICTOR PARKWAY
LIVONIA, MI 48152		       VP - Admin, Secretary  

Signatures

Linda J. Schalek, Power of Attorney 01/10/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Original grant of 4000 options vested 20% on the anniversary date each calendar year beginning in 2004 through 2008. Reporting person exercised and sold 800 shares subject to this option prior to becoming a reporting person.
(2) This option vested 20% on the anniversary date each calendar year beginning in 2004 through 2008.
(3) Original grant of 3000 options vested 20% on the anniversary date each calendar year beginning in 2004 through 2008. Reporting person exercised and sold 600 shares subject to this option prior to becoming a reporting person.
(4) Vests 20% on the first day of each calendar year beginning in 2008 through 2012.
 
Remarks:
Exhibit List



Exhibit 24 - Power of Attorney

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