SCHEDULE 13G
Amendment No. 3
Viad Corporation
 common stock
Cusip # 92552R109
Cusip # 92552R109
Item 1: Reporting Person - FMR Corp.
Item 4: Commonwealth of Massachusetts
Item 5: 227,900
Item 6: 0
Item 7: 12,923,548
Item 8: 0
Item 9: 12,923,548
Item 11: 12.999%
Item 12: HC
Cusip # 92552R109
Item 1: Reporting Person - Edward C. Johnson 3d Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 12,923,548
Item 8: 0
Item 9: 12,923,548
Item 11: 12.999%
Item 12: IN
Cusip # 92552R109
Item 1: Reporting Person - Abigail P. Johnson Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 12,923,548
Item 8: None
Item 9: 12,923,548
Item 11: 12.999%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Viad Corporation
Item 1(b). Name of Issuer's Principal Executive Offices:
1850 North Central Avenue, Suite 2212
Phoenix, AZ 85077
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None,
Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
common stock
Item 2(e). CUSIP Number:
92552R109
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-
2(b) and the person filing, FMR Corp., is a parent holding company in accordance with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 12,923,548
(b) Percent of Class: 12.999%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 227,900
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
12,923,548
(iv) shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a CommonStock.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the common stock of Viad Corporation. No one person's interest in the common stock of Viad Corporation is more than five percent of the total outstanding common stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
See attached Exhibit(s) A, B.
Item 8. Identification and Classification of Members of the Group.
Not Applicable. See attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13G in connection with FMR Corp.'s beneficial ownership of the common stock of Viad Corporation at December 31, 1998 is true, complete and correct.
February 01, 1999
Date

        /s/Eric D. Roiter
Signature	

Eric D. Roiter
Duly authorized under Power of Attorney
dated December 30, 1997, by and on behalf
of FMR Corp. and its direct and indirect
subsidiaries
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston, Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is the beneficial owner of 12,536,548 shares or 12.610% of the common stock outstanding of Viad Corporation ("the Company") as a result of acting as investment adviser to various investment companies registered under Section 8 of the Investment Company Act of 1940.
Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and the funds each has sole power to dispose of the 12,536,548 shares owned by the Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has the sole power to vote or direct the voting of the shares owned directly by the Fidelity Funds, which power resides with the Funds' Boards of Trustees. Fidelity carries out the voting of the shares under written guidelines established by the Funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire Street, Boston, Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the beneficial owner of 387,000 shares or 0.389% of the common stock outstanding of the Company as a result of its serving as investment manager of the institutional account(s).
Edward C. Johnson 3d and FMR Corp., through its control of Fidelity Management Trust Company, each has sole dispositive power over 387,000 shares and sole power to vote or to direct the voting of 227,900 shares, and no power to vote or to direct the voting of 159,100 shares of common stock owned by the institutional account(s) as reported above.
Members of the Edward C. Johnson 3d family and trusts for their benefit are the predominant owners of Class B shares of common stock of FMR Corp., representing approximately 49% of the voting power of FMR Corp. Mr. Johnson 3d owns 12.0% and Abigail Johnson owns 24.5% of the aggregate outstanding voting stock of FMR Corp. Mr. Johnson 3d is Chairman of FMR Corp. and Abigail P. Johnson is a Director of FMR Corp. The Johnson family group and all other Class B shareholders have entered into a shareholders' voting agreement under which all Class B shares will be voted in accordance with the majority vote of Class B shares. Accordingly, through their ownership of voting common stock and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR Corp.
.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b) RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on February 01, 1999, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the common stock of Viad Corporation at December 31, 1998.
FMR Corp.

By   /s/Eric D. Roiter
        Eric D. Roiter
        Duly authorized under Power of Attorney
        dated December 30, 1997, by and on behalf
        of FMR Corp. and its direct and indirect
        subsidiaries	

Edward C. Johnson 3d

By   /s/Eric D. Roiter
        Eric D. Roiter
        Duly authorized under Power of Attorney
        dated December 30, 1997, by and on behalf
        of Edward C. Johnson 3d	

Abigail P. Johnson

By   /s/Eric D. Roiter
        Eric D. Roiter
        Duly authorized under Power of Attorney
        dated December 30, 1997, by and on behalf
        of Abigail P. Johnson	

Fidelity Management & Research Company

By   /s/Eric D. Roiter
        Eric D. Roiter
        V.P. and General Counsel