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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)
Reed Elsevier N.V.
 
(Name of Issuer)
Ordinary Shares
 
(Title of Class of Securities)
758204
 
(CUSIP Number)
December 31, 2007
 
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o      Rule 13d-1(b)
o      Rule 13d-1(c)
þ      Rule 13d-1(d)
 
 

 

 

CUSIP No. 758204   13G   Page 2 of 6 Pages

 

           
1   NAME OF REPORTING PERSONS
ING Groep N.V.

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Not Applicable
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  The Netherlands
       
  5   SOLE VOTING POWER
     
NUMBER OF   70,309,541 1 2
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   70,309,541 1 2
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  70,309,541
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
326,552 Custodian shares
   
  þ
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  9.39%
     
12   TYPE OF REPORTING PERSON
   
  HC
1 2,890,900 of these shares are held by indirect subsidiaries of ING Groep N.V. in their role as a discretionary manager of client portfolios.
 
2 6,800 of these shares are held by indirect subsidiaries of ING Groep N.V. in their role as trustee.

 

 

CUSIP No. 758204   13G   Page 3 of 6 Pages
     
Item 1(a).
   Name of Issuer:
 
    
 
   Reed Elsevier N.V.
 
    
Item 1(b).
   Address of Issuer's Principal Executive Offices:
 
    
 
   Van de Sande Bakhuyzenstraat 4
 
   1061 AG Amsterdam
 
   The Netherlands
 
    
Item 2(a).
   Name of Person Filing:
 
    
 
   ING Groep N.V.
 
    
Item 2(b).
   Address of Principal Business Office or, if None, Residence:
 
    
 
   Amstelveenseweg 500
 
   1081 KL Amsterdam
 
   The Netherlands
 
    
Item 2(c).
   Citizenship:
 
    
 
   See item 4 on Page 2
 
    
Item 2(d).
   Title of Class of Securities:
 
    
 
   Ordinary Shares
 
    
Item 2(e).
   CUSIP Number:
 
    
 
   758204
 
    
Item 3.
   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (Not Applicable)
         
 
  (a) o   Broker or dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
 
        
 
  (b) o   Bank as defined in Section 3(a)(6) of the Exchange Act;
 
        
 
  (c) o   Insurance company as defined in Section 3(a)(19) of the Exchange Act;
 
        
 
  (d) o   Investment company registered under Section 8 of the Investment Company Act of 1940, as amended (the “Investment Company Act”);
 
        
 
  (e) o   Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) under the Exchange Act;

 

 

CUSIP No. 758204   13G   Page 4 of 6 Pages
         
 
  (f) o   Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) under the Exchange Act;
 
        
 
  (g) o   Parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G) under the Exchange Act;
 
        
 
  (h) o   Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
 
        
 
  (i) o   Church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;
 
        
 
  (j) o   Group in accordance with Rule 13d-1(b)(1)(ii)(J) under the Exchange Act.
     
Item 4.
  Ownership.
     
 
  (a) Amount beneficially owned:
      See item 9 on Page 2
     
 
  (b) Percent of class:
      See item 11 on Page 2
     
 
  (c) Number of shares as to which such person has:
  (i)   Sole power to vote or to direct the vote:
 
      See item 5 on Page 2
 
  (ii)   Shared power to vote or to direct the vote:
 
      See item 6 on Page 2
 
  (iii)   Sole power to dispose or to direct the disposition of:
 
      See item 7 on Page 2 (iv) Shared power to dispose or to direct the disposition of:
 
      See item 8 on Page 2
     
Item 5.
  Ownership of Five Percent or Less of a Class.
 
    
 
  Not Applicable
 
    

 

 

CUSIP No. 758204   13G   Page 5 of 6 Pages
     
Item 6.
  Ownership of More than Five Percent on Behalf of Another Person.
 
    
 
  Not Applicable
 
    
Item 7.
  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
    
 
  Not Applicable
 
    
Item 8.
  Identification and Classification of Members of the Group.
 
    
 
  Not Applicable
 
    
Item 9.
  Notice of Dissolution of Group.
 
    
 
  Not Applicable
 
    
Item 10.
  Certification.
 
    
 
  Not Applicable

 

 

CUSIP No. 758204   13G   Page 6 of 6 Pages
SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
 
  February 14, 2008
 
(Date) 		   
 
        
 
  ING GROEP N.V.    
 
        
 
  By:    
 
  /s/ J. Emke-Petrelluzzi Bojanic    
         
 
  (Signature)    
 
        
 
  J. Emke-Petrelluzzi Bojanic    
 
  Compliance Officer ING Holdings/CHAIR
 
(Name/Title) 		   
 
        
 
  /s/ Carl-Eric M. Rasch    
         
 
  (Signature)    
 
        
 
  Carl-Eric M. Rasch    
 
  Head of Compliance, Regulator & Industry Body
Liaison Netherlands
 
(Name/Title)