-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950103-09-003177.txt : 20091204
<SEC-HEADER>0000950103-09-003177.hdr.sgml : 20091204
<ACCEPTANCE-DATETIME>20091204204914
ACCESSION NUMBER:		0000950103-09-003177
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091202
FILED AS OF DATE:		20091204
DATE AS OF CHANGE:		20091204

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Slusky Alexander R
		CENTRAL INDEX KEY:			0001357262

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20562
		FILM NUMBER:		091224803

	MAIL ADDRESS:	
		STREET 1:		456 MONTGOMERY STREET
		STREET 2:		19TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COREL CORP
		CENTRAL INDEX KEY:			0000890640
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				101151819
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1130

	BUSINESS ADDRESS:	
		STREET 1:		1600 CARLING AVE
		STREET 2:		OTTAWA
		CITY:			ONTARIO CANADA
		STATE:			A6
		ZIP:			K1Z 8R7
		BUSINESS PHONE:		6137288200

	MAIL ADDRESS:	
		STREET 1:		1600 CARLING AVENUE
		STREET 2:		OTTAWA
		CITY:			ONTARIO CANADA
		STATE:			A6
		ZIP:			K1Z 8R7

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corel Holdings, L.P.
		CENTRAL INDEX KEY:			0001389643
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20562
		FILM NUMBER:		091224802

	BUSINESS ADDRESS:	
		STREET 1:		456 MONTGOMERY ST., 19TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
		BUSINESS PHONE:		(415) 293-5000

	MAIL ADDRESS:	
		STREET 1:		456 MONTGOMERY ST., 19TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Vector Capital Partners II International, Ltd.
		CENTRAL INDEX KEY:			0001389644
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20562
		FILM NUMBER:		091224804

	BUSINESS ADDRESS:	
		STREET 1:		456 MONTGOMERY ST., 19TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
		BUSINESS PHONE:		(415) 293-5000

	MAIL ADDRESS:	
		STREET 1:		456 MONTGOMERY ST., 19TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>dp15792_4-sluskyex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-12-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000890640</issuerCik>
        <issuerName>COREL CORP</issuerName>
        <issuerTradingSymbol>CREL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001357262</rptOwnerCik>
            <rptOwnerName>Slusky Alexander R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VECTOR CAPITAL CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1 MARKET STREET, STEUART TOWER 23RD FL.</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001389644</rptOwnerCik>
            <rptOwnerName>Vector Capital Partners II International, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VECTOR CAPITAL CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1 MARKET STREET, STEUART TOWER, 23RD FL.</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001389643</rptOwnerCik>
            <rptOwnerName>Corel Holdings, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VECTOR CAPITAL CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1 MARKET STREET, STEUART TOWER, 23RD FL.</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</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>2009-12-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>45900</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>22245903</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20435</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>22266338</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The securities were acquired on December 2, 2009 in the subsequent offering period pursuant to Corel Holdings, L.P.'s tender
 offer as set forth in the Tender Offer Statement and Rule 13E-3 Transaction Statement filed under cover of Schedule TO on
 October 28, 2009, as amended and supplemented, by Corel Holdings, L.P.</footnote>
        <footnote id="F2">The securities were acquired on December 3, 2009 in the subsequent offering period pursuant to Corel Holdings, L.P.'s tender
 offer as set forth in the Tender Offer Statement and Rule 13E-3 Transaction Statement filed under cover of Schedule TO on
 October 28, 2009, as amended and supplemented, by Corel Holdings, L.P.</footnote>
        <footnote id="F3">The reported securities are owned directly by Corel Holdings, L.P., a Cayman Islands limited partnership.  The sole general
 partner of Corel Holdings, L.P. is Vector Capital Partners II International, Ltd., which is wholly owned by VCPII
 International LLC. The managing member of VCPII International LLC is Alexander Slusky.  Mr. Slusky disclaims beneficial
 ownership of these Shares, except to the extent of his pecuniary interest in them.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Alexander Slusky</signatureName>
        <signatureDate>2009-12-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alexander Slusky, Director, for Vector Capital Partners II International, Ltd.</signatureName>
        <signatureDate>2009-12-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alexander Slusky, Director, By Vector Capital Partners II International, Ltd., Its General Partner, for Corel Holdings, L.P.</signatureName>
        <signatureDate>2009-12-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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