SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ARISON MICKY MEIR (Last) (First) (Middle) 3655 N.W. 87 AVENUE (Street) MIAMI FL 33178-2428 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CARNIVAL CORP [ CCL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman and CEO
	3. Date of Earliest Transaction (Month/Day/Year) 03/24/2004
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								2,162,187	I	By MA 1997 Holdings, L.P.
Common Stock								106,114,284	I	By MA 1994 B Shares, L.P.
Common Stock	03/24/2004		S		25,000(2)	D	$42.75	10,607,193	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		17,200(2)	D	$42.85	10,589,993	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		4,100(2)	D	$42.86	10,585,893	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		800(2)	D	$42.87	10,585,093	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		1,500(2)	D	$42.88	10,583,593	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		1,400(2)	D	$42.89	10,582,193	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		14,900(2)	D	$42.95	10,567,293	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		2,400(2)	D	$42.97	10,564,893	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		6,500(2)	D	$42.98	10,558,393	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		1,200(2)	D	$42.99	10,557,193	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		14,300(2)	D	$43.1	10,542,893	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		800(2)	D	$43.11	10,542,093	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		1,900(2)	D	$43.12	10,540,193	I(1)	By The 1997 Irrevocable Trust for Micky Arison
Common Stock	03/24/2004		S		8,000(2)	D	$43.14	10,532,193	I(1)	By The 1997 Irrevocable Trust for Micky Arison

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. The shares covered by this form were sold pursuant to a Rule 10b5-1(c) sales plan dated August 28, 2003.

	/s/ Micky M. Arison	03/25/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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