SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549

                                 FORM 8-K


                              CURRENT REPORT

  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported):  November 8, 2002
                                                       ----------_-----

                         Outback Steakhouse, Inc.
          ------------------------------------------------------
          (Exact name of registrant as specified in its charter)


      Delaware              1-15935              59-3061413
  ---------------       ----------------        -------------
  (State or other       (Commission File        (IRS Employer
  jurisdiction of           Number)          Identification No.)
   incorporation


2202 North Westshore Boulevard, 5th Floor
        Tampa, Florida                        33607
-----------------------------------------   ----------
(Address of principal executive             (Zip Code)
           offices)


    Registrant's telephone number, including area code:  (813) 282-1225
                                                         --------------
                      Not applicable.
                      ---------------
   (Former name or former address, if changed since last report)


Item 5.   Other Events.


     The  Board  of  Directors of Outback Steakhouse,  Inc.  (the
"Company") approved an amendment to its insider trading policy on
January 23, 2002, to permit its officers and directors subject to
the  Company's insider trading guidelines to enter  into  written
trading plans in compliance with Rule 10b5-1 under the Securities
Exchange Act of 1934, as amended.

      Paul  E. Avery, a director of the Company, and director  and
officer of certain affiliates of the Company, entered into a stock
trading  plan on November 8, 2002, in accordance with Rule  10b5-1
to exercise stock options to purchase, and upon exercise  to sell,
up to 40,000 shares  of the Company's  common  stock.    The  plan
provides  for  option exercises and subsequent sales of  specified
share  amounts  at  specific market prices, subject  to  specified
limitations.   Option exercises and sales pursuant  to  this  plan
begin  on  November 8, 2002 and terminate on May 1,  2003,  unless
terminated sooner in accordance with the plan's terms.  This  plan
was   established  during  the  Company's  trading  "window."   In
addition, Mr. Avery has informed the Company that he will publicly
disclose  any stock exercises and stock sales made under the  Rule
10b5-1 plan as required by the securities laws.





                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                             OUTBACK STEAKHOUSE, INC.


DATED:  November 8, 2002     By: /s/Joseph J. Kadow
                                 Joseph J. Kadow, Senior Vice President,
                                 Secretary and General Counsel
[{"type": "8-K", "sequence": "1", "filename": "l8kpea02.txt", "description": "10B5-1 PLAN FOR PAUL AVERY", "secsgml_size_bytes": 3151}]
{"company-data": {"conformed-name": "OUTBACK STEAKHOUSE INC", "cik": "0000874691", "assigned-sic": "5812", "irs-number": "593061413", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15935", "film-number": "02817121"}, "business-address": {"street1": "2202 NORTH WESTSHORE BLVD.", "street2": "5TH FLOOR", "city": "TAMPA", "state": "FL", "zip": "33607", "phone": "8132821225"}, "mail-address": {"street1": "2202 NORTH WESTSHORE BLVD.", "street2": "5TH FLOOR", "city": "TAMPA", "state": "FL", "zip": "33607"}}
SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549

                                 FORM 8-K

                              CURRENT REPORT

  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported):  November 8, 2002
                                                       ----------_-----

                         Outback Steakhouse, Inc.
          ------------------------------------------------------
          (Exact name of registrant as specified in its charter)

      Delaware              1-15935              59-3061413
  ---------------       ----------------        -------------
  (State or other       (Commission File        (IRS Employer
  jurisdiction of           Number)          Identification No.)
   incorporation

2202 North Westshore Boulevard, 5th Floor
        Tampa, Florida                        33607
-----------------------------------------   ----------
(Address of principal executive             (Zip Code)
           offices)

    Registrant's telephone number, including area code:  (813) 282-1225
                                                         --------------
                      Not applicable.
                      ---------------
   (Former name or former address, if changed since last report)

Item 5.   Other Events.

     The  Board  of  Directors of Outback Steakhouse,  Inc.  (the
"Company") approved an amendment to its insider trading policy on
January 23, 2002, to permit its officers and directors subject to
the  Company's insider trading guidelines to enter  into  written
trading plans in compliance with Rule 10b5-1 under the Securities
Exchange Act of 1934, as amended.

      Paul  E. Avery, a director of the Company, and director  and
officer of certain affiliates of the Company, entered into a stock
trading  plan on November 8, 2002, in accordance with Rule  10b5-1
to exercise stock options to purchase, and upon exercise  to sell,
up to 40,000 shares  of the Company's  common  stock.    The  plan
provides  for  option exercises and subsequent sales of  specified
share  amounts  at  specific market prices, subject  to  specified
limitations.   Option exercises and sales pursuant  to  this  plan
begin  on  November 8, 2002 and terminate on May 1,  2003,  unless
terminated sooner in accordance with the plan's terms.  This  plan
was   established  during  the  Company's  trading  "window."   In
addition, Mr. Avery has informed the Company that he will publicly
disclose  any stock exercises and stock sales made under the  Rule
10b5-1 plan as required by the securities laws.

                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

                             OUTBACK STEAKHOUSE, INC.

DATED:  November 8, 2002     By: /s/Joseph J. Kadow
                                 Joseph J. Kadow, Senior Vice President,
                                 Secretary and General Counsel