Arnold Schwarzenegger says he may yet run for governor of California. 

Schwarzenegger, a GOP activist, spoke Monday to a breakfast meeting of about 15 Republican state governors attending the National Governors Association conference. 

The 54-year-old actor said he mulled a challenge against California Democratic Gov. Gray Davis this past year, but declined because of his movie contracts. 

"It's something that I'm still interested in (for) the future. I think that the greatest thing you can do is serve the people," Schwarzenegger said. "It gives me the greatest satisfaction -- much more than going down another red carpet to do a movie premiere -- to go and create after-school programs, help special Olympians, inspire kids to stay away from drugs and gangs." 

Schwarzenegger said he's filming Terminator 3: Rise of the Machines, True Lies 2 and another movie. 

In a brief meeting with reporters, Schwarzenegger said he could imagine himself as California's governor, helping millions of people with their personal challenges. 

"What a great feeling to go to bed every night and say, `Look how many people I helped today.' That would be fantastic -- very satisfying," he said.