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<SEC-DOCUMENT>0000950103-05-000039.txt : 20050107
<SEC-HEADER>0000950103-05-000039.hdr.sgml : 20050107
<ACCEPTANCE-DATETIME>20050107191541
ACCESSION NUMBER:		0000950103-05-000039
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050106
FILED AS OF DATE:		20050107
DATE AS OF CHANGE:		20050107

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEOPLESOFT INC
		CENTRAL INDEX KEY:			0000875570
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				680137069
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4460 HACIENDA DRIVE
		CITY:			PLEASANTON
		STATE:			CA
		ZIP:			94588-8618
		BUSINESS PHONE:		925-225-3000

	MAIL ADDRESS:	
		STREET 1:		4460 HACIENDA DRIVE
		CITY:			PLEASANTON
		STATE:			CA
		ZIP:			94588-8618

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ORACLE CORP /DE/
		CENTRAL INDEX KEY:			0000777676
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20710
		FILM NUMBER:		05519341

	BUSINESS ADDRESS:	
		STREET 1:		500 ORACLE PKWY
		CITY:			REDWOOD CITY
		STATE:			CA
		ZIP:			94065
		BUSINESS PHONE:		6505067000

	MAIL ADDRESS:	
		STREET 1:		500 ORACLE PARKWAY
		STREET 2:		MAIL STOP 5 OP 7
		CITY:			REDWOOD CITY
		STATE:			CA
		ZIP:			94065

	FORMER NAME:	
		FORMER CONFORMED NAME:	ORACLE SYSTEMS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>jan0705_form4ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-01-06</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000875570</issuerCik>
        <issuerName>PEOPLESOFT INC</issuerName>
        <issuerTradingSymbol>PSFT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000777676</rptOwnerCik>
            <rptOwnerName>ORACLE CORP /DE/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>500 ORACLE PKWY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>REDWOOD CITY</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94065</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-01-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30994457</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>388679045</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-01-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11506939</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents shares acquired on January 5 and 6 via a tender offer by Pepper Acquisition Corp., a wholly owned subsidiary of
 Oracle Corporation.</footnote>
        <footnote id="F2">The shares were directly beneficially owned by Pepper Acquisition Corp., a wholly owned subsidiary of Oracle Corporation, as
of January 6, 2005.</footnote>
        <footnote id="F3">PeopleSoft, Inc.'s outstanding stock was canceled in a merger of PeopleSoft, Inc. with Pepper Acquisition Corp., a wholly
owned subsidiary of Oracle Corporation, effective January 7, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Daniel Cooperman, as Senior Vice President, General Counsel &amp; Secretary</signatureName>
        <signatureDate>2005-01-07</signatureDate>
    </ownerSignature>
</ownershipDocument>

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