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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-09-054588.txt : 20091130
<SEC-HEADER>0001209191-09-054588.hdr.sgml : 20091130
<ACCEPTANCE-DATETIME>20091130132009
ACCESSION NUMBER:		0001209191-09-054588
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091126
FILED AS OF DATE:		20091130
DATE AS OF CHANGE:		20091130

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:			ESW Capital, LLC
		CENTRAL INDEX KEY:			0001477025
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20562
		FILM NUMBER:		091211381

	BUSINESS ADDRESS:	
		STREET 1:		6011 WEST COURTYARD DRIVE
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
		BUSINESS PHONE:		512-524-6149

	MAIL ADDRESS:	
		STREET 1:		6011 WEST COURTYARD DRIVE
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c93192_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-11-26</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001477025</rptOwnerCik>
            <rptOwnerName>ESW Capital, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6011 WEST COURTYARD DR., SUITE 300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78730</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Member-10% owner group (1,2)</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, no par value per share</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </securityTitle>
            <transactionDate>
                <value>2009-11-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4495644</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person may be deemed to be a member of a group for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the &quot;Act&quot;), with Joseph A. Liemandt (its sole member and sole manager), Trilogy, Inc. (which is controlled by Mr. Liemandt), and Versata Enterprises, Inc. (a wholly-owned subsidiary of Trilogy, Inc.).  The reporting person and each member of the group declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to Corel Corporation (the &quot;Issuer&quot;) or securities of the Issuer.  Please see the Schedule 13D filed with the Securities and Exchange Commission on November 18, 2009 with respect to the Issuer's securities and the relationship of the reporting person, Mr. Liemandt, Trilogy, Inc. and Versata Enterprises, Inc. for additional details.<
/footnote>
        <footnote id="F2">As a result of the disposition reported in this Form 4, the members of the group will no longer be beneficial owners of more than 10% of the Issuer's securities and, therefore, should no longer be deemed to be a group for the purposes of Section 13(d) or 13(g) of the Act and to the extent that a member of the group was only an insider due to its ownership of 10% or more of the Issuer's securities or its status as a deemed member of a group that beneficially owned 10% or more of the Issuer's securities, such members of the group, including the reporting person, will no longer be insiders under Section 16 of the Act.</footnote>
    </footnotes>

    <remarks>Exhibit Index

None</remarks>

    <ownerSignature>
        <signatureName>ESW Capital, LLC By: /s/ Joseph A. Liemandt, Name: Joseph A. Liemandt, Manager</signatureName>
        <signatureDate>2009-11-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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