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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 BxBnTEyaAV1WoaRlUz2V2FB+YjhjCpi/Hk+o+pT2y40DyLKFXqXMLW4YLX9n09ta
 OGxPzBsBNrEaw5PZ5zszhg==

<SEC-DOCUMENT>0001181431-05-005640.txt : 20050131
<SEC-HEADER>0001181431-05-005640.hdr.sgml : 20050131
<ACCEPTANCE-DATETIME>20050131125456
ACCESSION NUMBER:		0001181431-05-005640
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050128
FILED AS OF DATE:		20050131
DATE AS OF CHANGE:		20050131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STROUT ARTHUR E
		CENTRAL INDEX KEY:			0001233899

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13227
		FILM NUMBER:		05560887

	MAIL ADDRESS:	
		STREET 1:		2 ELM STREET
		STREET 2:		PO BOX 310
		CITY:			CAMDEN
		STATE:			MN
		ZIP:			04843

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMDEN NATIONAL CORP
		CENTRAL INDEX KEY:			0000750686
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				010413282
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		TWO ELM ST
		CITY:			CAMDEN
		STATE:			ME
		ZIP:			04843
		BUSINESS PHONE:		2072368821

	MAIL ADDRESS:	
		STREET 1:		2 ELM ST
		CITY:			CAMDEN
		STATE:			ME
		ZIP:			04843
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd66603.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-01-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000750686</issuerCik>
        <issuerName>CAMDEN NATIONAL CORP</issuerName>
        <issuerTradingSymbol>CAC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001233899</rptOwnerCik>
            <rptOwnerName>STROUT ARTHUR E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2 ELM STREET / P.O. BOX 310</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CAMDEN</rptOwnerCity>
            <rptOwnerState>ME</rptOwnerState>
            <rptOwnerZipCode>04843</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Phantom Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-01-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>107</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>35.78</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>107</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4095</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Conversion rate is 1 for 1.</footnote>
        <footnote id="F2">Date Exercisable and Expiration Date - Upon the termination of services as a Director for the Company or its subsidiaries for any reason, including death, disability or retirement, the Company will distribute the entire value of the phantom stock in cash to the participant, taking into account earnings and losses thereon, to the participant (or his/her Beneficiary or Beneficiaries, as applicable).</footnote>
        <footnote id="F3">Date Exercisable and Expiration Date - Upon the termination of services as a Director for the Company or its subsidiaries for any reason, including death, disability or retirement, the Company will distribute the entire value of the phantom stock in cash to the participant, taking into account earnings and losses thereon, to the participant (or his/her Beneficiary or Beneficiaries, as applicable).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Eric Boucher, as Power of Attorney</signatureName>
        <signatureDate>2005-01-31</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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