THE INSIDER is reporting that actor Ryan O’Neal pleaded guilty this morning to possession of a controlled substance.

The 67-year-old actor received deferred entry of judgment, which is an 18-month program. Ryan’s next court date takes place July 10th in Malibu.

His son Redmond’s case was continued to February 20th for arraignment and plea. The father and son were arrested on September 17, 2008 after drugs were allegedly found at the family’s Malibu home.

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