The Russell-Koras contractible threefolds are the smooth affine threefolds
having a hyperbolic C*-action with quotient isomorphic to the corresponding
quotient of the linear action on the tangent space at the unique fixed Fei
nt. Koras and Russell gave a concrete description of all such threefolds an
d determined many interesting properties they possess. We use this descript
ion and these properties to compute the equivariant Grothendieck groups of
these threefolds. In addition, we give certain equivariant invariants of th
ese rings.