This is a rush transcript from "The O'Reilly Factor," November 16, 2007. This copy may not be in its final form and may be updated
Watch "The O'Reilly Factor" weeknights at 8 p.m. and 11 p.m. ET and listen to the "Radio Factor!"
LAURA INGRAHAM, GUEST HOST: And in the "Personal Story" segment tonight, Academy Award winning actress Shirley MacLaine frequently raises eyebrows with her out of this world views, like her claim that she's had close encounters with aliens, and out of body experiences. She spoke to Bill last week about UFOs while promoting her new book, "Saging While Aging."
BILL O'REILLY, HOST: Let's talk a little UFOs. You know, I'm skeptical because as a reporter, I realize if you could prove the existence of UFOs or produce an alien, you would make gazillions of dollars. I mean, it is a huge industry, even though nobody has produced anything. So I'm saying, if something was provable, it would have been done.
SHIRLEY MACLAINE, ACTRESS: I say I don't think that kind of proof is subjectable to making money and profit. I think it's much more important to know the truth than it is to make money on it, Bill.
O'REILLY: I know. But if there were aliens or life on other planets and somebody knew about it, they would just bring it out. Because it would be so valuable.
MACLAINE: No, I think it's maybe more valuable concealed, at least at this time. A couple of reasons. One, it's an extension of the military-industrial complex, as long as there's something to be afraid of, it works for the military.
O'REILLY: I am not afraid of UFOs, are you?
MACLAINE: No, not at all.
O'REILLY: We are afraid of real aliens coming up overrunning the country. Not Venus aliens.
MACLAINE: Which maybe is happening.
The idea that I am pretty sure, in fact, I know, military intelligence knows, and they have proof. But now, what would that do if they really release it?
O'REILLY: But wait, wait, wait. I do not care about that. You tell me the proof and I will get it out.
MACLAINE: You are the last person I'd tell.
O'REILLY: Where is it?
MACLAINE: You have to do that. You are the reporter.
O'REILLY: You have to give me a hint?
MACLAINE: No, you have to work for your living.
O'REILLY: If you, Ms. MacLaine, have any proof of aliens, you can give it to me, and I guarantee you I will get it out there.
MACALAINE: There is no reason they cannot trust the American people to deal with this.
O'REILLY: So you want them to come clean, come clean about...
MACLAINE: Yes. And let me just point out that I think the reason it has been suppressed is because they are suppressing it for our own good, they think we might panic and pull an Orson Wells number, like happened like "War of the Worlds."
But where you have polls done where 60 percent of the American people believe in UFOs, I think we can handle it. And also this curtain of ridicule that goes on, like that.
O'REILLY: I agree you should not be ridiculed because you believe in UFOs. But I shouldn't be ridiculed if I am skeptical and ask you to provide me with as much information as you can.
MACLAINE: I am not ridiculing you.
O'REILLY: Okay. I know, you would never do that. You are much too nice.
Final question, do you believe that Bush and Cheney and all these guys know that there are extraterrestrials around? That they personally know it?
MACLAINE: From talking to Jimmy Carter, from my contacts with people around Reagan, the presidents are not on a need to know basis from military intelligence so I would say, possibly Cheney, but I would not say anybody else knows. And from the intelligence point of view, they have no need to know.
O'REILLY: Does Jimmy Carter believe that there is UFO evidence being suppressed?
MACLAINE: He asked for "sunshine laws" to be placed on the subject when he reported a UFO when he was governor of Georgia, you might remember.
O'REILLY: Does he believe in UFOs, Jimmy Carter?
MACLAINE: Yes. Oh yeah. And I have talked to all the astronauts. They tell me...
O'REILLY: Some astronauts do believe, and airline pilots, that they have seen unexplained things.
MACLAINE: Yeah. I think the question is not, are they seeing something real that's unidentified, but, what are they? Let's get into that discussion.
O'REILLY: Do you know what they are?
MACLAINE: There are so many visitations that I would have to do some kind of analysis on them and answer your question.
O'REILLY: So are they like we are? Are they people?
MACLAINE: They are living "star beings."
O'REILLY: Star beings.
MACLAINE: That is what they prefer to be called rather than aliens.
O'REILLY: Do they get haircuts and stuff? Do they look like we do?
MACLAINE: Stop that.
O'REILLY: Come on now, lighten up a little, Ms. MacLaine. Do they look like us?
MACLAINE: God, I hope not.
O'REILLY: All right, Ms. Maclaine, the book, always interesting, "Sage-ing While Age-ing." And you are ageless and we appreciate you coming in.
MACLAINE: I appreciate your having me.
Copy: Content and Programming Copyright 2007 Fox News Network, LLC. ALL RIGHTS RESERVED. Transcription Copyright 2007 Voxant, Inc. (www.voxant.com), which takes sole responsibility for the accuracy of the transcription. ALL RIGHTS RESERVED. No license is granted to the user of this material except for the user's personal or internal use and, in such case, only one copy may be printed, nor shall user use any material for commercial purposes or in any fashion that may infringe upon Fox News Network, LLC'S and Voxant, Inc.'s copyrights or other proprietary rights or interests in the material. This is not a legal transcript for purposes of litigation.