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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MJBmbHg/TFXl47qOndJWCMMGACPk7xhhExF7anWMlc4Vc82XNghvzxYxbtSV4DoN
 NU9ozcUjh+OhMEmZfJxFcQ==

<SEC-DOCUMENT>0001209191-03-030348.txt : 20031114
<SEC-HEADER>0001209191-03-030348.hdr.sgml : 20031114
<ACCEPTANCE-DATETIME>20031114110925
ACCESSION NUMBER:		0001209191-03-030348
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031112
FILED AS OF DATE:		20031114

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HODGSON PATRICK W E
		CENTRAL INDEX KEY:			0000905516

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08942
		FILM NUMBER:		031001291

	BUSINESS ADDRESS:	
		STREET 1:		2025 WALDEN AVE
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14225

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST CAROLINA INVESTORS INC
		CENTRAL INDEX KEY:			0000811040
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		IRS NUMBER:				561005066
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1130 EAST THIRD SRREET SUITE 410
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28204
		BUSINESS PHONE:		7043730501

	MAIL ADDRESS:	
		STREET 1:		P O BOX 33607
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28233-3607
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>hodgson.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-11-12</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000811040</issuerCik><issuerName>FIRST CAROLINA INVESTORS INC</issuerName>        <issuerTradingSymbol>FCi</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0000905516</rptOwnerCik><rptOwnerName>HODGSON PATRICK W E</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>60 BEDFORD ROAD</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>TORONTO</rptOwnerCity><rptOwnerState></rptOwnerState><rptOwnerZipCode>M5R 2K2</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><se
curityTitle><value>First Carolina Investors, Inc.</value></securityTitle><transactionDate><value>2003-11-12</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>6700</value></transactionShares><transactionPricePerShare><value>101</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6700</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By corporation</value></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>First Carolina Investors, Inc.</value></securityTitle><transactionDate><value>2003-11-12</va
lue></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>6700</value></transactionShares><transactionPricePerShare><value>101</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6700</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By family foundation</value></natureOfOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><ownerSignature><signatureName>Patrick  W. E. Hodgson</signatureName><signatureDate>2003-11-12</signatureDate></ownerSignature></ownershipDocument>

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