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* STRONACH FRANK (Last) (First) (Middle) BADENER STRASSE 12 (Street) OBERWALTERSDORF C4 2522 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MAGNA ENTERTAINMENT CORP [ MECA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman
	3. Date of Earliest Transaction (Month/Day/Year) 03/14/2005
	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
Class A Subordinate Voting Stock	03/14/2005		S		65,359	D	$7.65	8,438,694	I	Note 1(1)
Class A Subordinate Voting Stock	03/15/2005		S		65,104	D	$7.68	8,373,590	I	Note 1(1)
Class A Subordinate Voting Stock	03/16/2005		S		65,107	D	$7.45	8,306,483	I	Note 1(1)
Class A Subordinate Voting Stock	03/17/2005		S		68,500	D	$7.3	8,237,983	I	Note 1(1)
Class A Subordinate Voting Stock	03/18/2005		S		69,411	D	$7.2	8,168,572	I	Note 1(1)
Class A Subordinate Voting Stock	03/21/2005		S		68,682	D	$7.28	8,099,890	I	Note 1(1)
Class A Subordinate Voting Stock	03/22/2005		S		36,699	D	$7.32	8,063,191	I	Note 1(1)

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* STRONACH FRANK (Last) (First) (Middle) BADENER STRASSE 12 (Street) OBERWALTERSDORF C4 2522 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman

1. Name and Address of Reporting Person* FAIR ENTERPRISE LTD (Last) (First) (Middle) 1 SEATON PLACE ST HELIER (Street) JERSEY CHANNEL ISLE NJ (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Joint Filer

Explanation of Responses:

1. The shares that may be deemed to be beneficially owned by the reporting person are held by Fair Enterprise, MID and 865714 Ontario Inc. The joint filer holds 3,682,515 shares directly.

Remarks:

The filing of this statement shall not be deemed an admission that the reporting person or the joint filer is, for purposes of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any equity securities covered by this statement. Without limitation of the foregoing, the reporting person and the joint filer disclaim beneficial ownership of such securities for purposes other than US securities law purposes. The reporting person and the joint filer disclaim beneficial ownership of the securities covered by this statement in excess of their pecuniary interests therein. The transactions reported herein involve shares held by certain profit sharing plans associated with Magna International Inc. in which neither the reporting person nor the joint filer had any pecuniary interest. 206,824 shares of Class A Subordinate Voting Stock of the issuer were held by one such profit sharing plan after the reported transactions and have been eliminated from the share total reported in column 5.

	Frank Stronach	11/23/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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