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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 R+db7dSkwDYpPXTR6YnbkscK+nWH/IIcLbe3seSU4Z5g6zSQ6GBJL4jLv8bDiSjy
 4AXtH+ufHcFJtcmIUUfj2g==

<SEC-DOCUMENT>0000950142-04-003821.txt : 20041105
<SEC-HEADER>0000950142-04-003821.hdr.sgml : 20041105
<ACCEPTANCE-DATETIME>20041105203611
ACCESSION NUMBER:		0000950142-04-003821
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041105
FILED AS OF DATE:		20041105
DATE AS OF CHANGE:		20041105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARNIVAL CORP
		CENTRAL INDEX KEY:			0000815097
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				591562976
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	BUSINESS ADDRESS:	
		STREET 1:		3655 N W 87TH AVE
		STREET 2:		PO BOX 1347
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178-2428
		BUSINESS PHONE:		3055992600

	MAIL ADDRESS:	
		STREET 1:		3655 N W 87TH AVE
		STREET 2:		PO BOX 1347
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARNIVAL CRUISE LINES INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NICKEL 2003 GRAT
		CENTRAL INDEX KEY:			0001268920

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09610
		FILM NUMBER:		041124069

	BUSINESS ADDRESS:	
		STREET 1:		C/O JUD DELAWARE INC
		STREET 2:		1201 NORTH MARKET STREET
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19889-1347
		BUSINESS PHONE:		302-658-9200

	MAIL ADDRESS:	
		STREET 1:		C/O JUD DELAWARE INC
		STREET 2:		1201 NORTH MARKET STREET
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19889-1347

	FORMER NAME:	
		FORMER CONFORMED NAME:	MICKY ARISON 2003 GRAT
		DATE OF NAME CHANGE:	20031103
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-2003g110504_ccex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-11-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000815097</issuerCik>
        <issuerName>CARNIVAL CORP</issuerName>
        <issuerTradingSymbol>CCL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001268920</rptOwnerCik>
            <rptOwnerName>NICKEL 2003 GRAT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3655 N.W. 87 AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33178-2428</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Remarks Below</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-11-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>377078</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3622922</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Pursuant to the terms of the grantor retained annuity trust agreement, 377,078 shares of Carnival Corporation Common Stock
were returned to Micky Arison on November 4, 2004. The transfer to Mr. Arison was exempt under Rule 16a-13. On that same
day, Micky Arison gifted the 377,078 shares of Carnival Corporation Common Stock to the Nickel 2003 Revocable Trust, which
contributed the shares to MA 1997 Holdings, L.P. Micky Arison beneficially owns all shares of Carnival Corporation Common
Stock held by the reporting person and MA 1997 Holdings, L.P.</footnote>
    </footnotes>

    <remarks>The reporting person may be deemed a member of a Section 13(d) group that owns more than 10% of the Common Stock of Carnival
Corporation. However, the reporting person disclaims such group membership, and this report shall not be deemed an admission
that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Common Stock of Carnival
Corporation for purposes of Section 16 or for any other purpose.</remarks>

    <ownerSignature>
        <signatureName>/s/ John J. O'Neil, Vice President of JMD Delaware, Inc., the Trustee</signatureName>
        <signatureDate>2004-11-05</signatureDate>
    </ownerSignature>
</ownershipDocument>

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