SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* PERLMUTTER ISAAC (Last) (First) (Middle) P.O. BOX 1028 (Street) LAKE WORTH, FL 33460 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MARVEL ENTERPRISES INC [ MVL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) See Exhibit 99.1 attached
	3. Date of Earliest Transaction (Month/Day/Year) 05/20/2004
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2004		S		4,000,000	D	$19.23	3,694,645(1)	I	See Exhibit 99.2

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* PERLMUTTER ISAAC (Last) (First) (Middle) P.O. BOX 1028 (Street) LAKE WORTH, FL 33460 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) See Exhibit 99.1 attached

1. Name and Address of Reporting Person* OBJECT TRADING CORP (Last) (First) (Middle) P.O. BOX 1028 (Street) LAKE WORTH, FL 33460 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. See Exhibit 99.2, Explanation of Responses, (1)(c).

Remarks:

In addition to the 3,694,645 shares of Common Stock of the Issuer ("Common Stock") listed in Column 5 of Table I, and following the transactions reported on this Form 4, Mr. Perlmutter beneficially owns 18,919,768 shares of Common Stock, excluding 6,425,000 shares of Common Stock underlying options, for total beneficial ownership (including by options) of 29,039,413 shares of Common Stock. See Exhibit 99.2 for details. The options described above include options to purchase 500,000 shares of Common Stock of the Issuer granted to Mr. Perlmutter on May 4, 2004, as previously reported on Form 4. Those options to purchase 500,000 shares were granted to Mr. Perlmutter in connection with the extension of the term of his employment agreement with the Issuer from December 1, 2007 through November 30, 2009.

	Benjamin Dean, attorney-in-fact & authorized person	05/20/2004
	** Signature of Reporting Person	Date
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