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<title>Outback Steakhouse, Inc. Form 8K December 2004</title>
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<p align="center"><b><font size="3" face="Times New Roman">UNITED STATES<br />
SECURITIES AND EXCHANGE COMMISSION<br />
</font></b>Washington, D.C. 20549</p>

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<p align="center"><b><font size="4" face="Times New Roman">FORM 8-K</font></b></p>

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<p align="center"><b><font size="3" face="Times New Roman">CURRENT REPORT<br />
</font></b></p>

<p align="center"><b><font size="2" face="Times New Roman">PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></b></p>

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<p><font size="3" face="Times New Roman">Date of Report (Date of earliest event reported)</font></p>
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<p align="center"><b><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">December 21, 2004</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">OUTBACK STEAKHOUSE, INC.</font></b></p>
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<p align="center"><font size="3" face="Times New Roman">(Exact name of registrant as specified in its charter)</font></p>
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<p align="center"><b><font size="3" face="Times New Roman">Delaware</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">1-15935</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">59-3061413</font></b></p>
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<p align="center"><font size="3" face="Times New Roman">(State or other jurisdiction<br />
 of incorporation)</font></p>
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<p align="center"><font size="3" face="Times New Roman">(Commission File<br />
 Number)</font></p>
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<p align="center"><font size="3" face="Times New Roman">(IRS Employer<br />
 &nbsp; Identification No.)</font></p>
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<p><b><font size="3" face="Times New Roman">2202 North West Shore Boulevard, Suite 500, Tampa, FL</font></b></p>
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<p align="center"><b><font size="3" face="Times New Roman">33607</font></b></p>
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<p align="center"><font size="3" face="Times New Roman">(Zip Code)</font></p>
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<p align="center"><b><font size="3" face="Times New Roman">(813) 282-1225</font></b></p>
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<p align="center"><font size="3" face="Times New Roman">&nbsp;Not applicable</font></p>
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<p align="center"><font size="3" face="Times New Roman">(Former name or former address, if changed since last report)</font></p>
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<p><font size="2" face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

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<p><b><font size="2" face="Wingdings">o</font>&nbsp;&nbsp;</b> <font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p><b><font size="2" face="Wingdings">o</font></b>&nbsp;&nbsp; <font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p><b><font size="2" face="Wingdings">o</font>&nbsp;&nbsp;</b> <font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p><b><font size="2" face="Wingdings">o</font>&nbsp;&nbsp;</b> <font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act&nbsp; (17 CFR 240.13e-4(c))</font></p>

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<p><b><u><font size="3" face="Times New Roman">Item&nbsp;1.01</font></u></b></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><b><font size="3" face="Times New Roman">Entry into a Material Definitive Agreement</font></b></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p><font size="3" face="Times New Roman">On December 21, 2004, Outback Steakhouse, Inc., entered into an amended two and one half year Credit and Guaranty Agreement, (the &ldquo;Credit Agreement&rdquo;), which replaces a three-year Credit and Guaranty Agreement that
was set to expire in December 2004.</font></p>

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<p><font size="3" face="Times New Roman">Under the terms of the Credit Agreement, we are the guarantor of an uncollateralized line of credit that permits borrowing of up to $24,500,000 by RY-8, Inc. (&ldquo;RY-8&rdquo;), which is our 50% partner in a joint venture
created to develop Roy&rsquo;s restaurants (the &ldquo;Joint Venture&rdquo;).&nbsp; The line of credit and the guarantee terminate in June 2007.&nbsp; Our Joint Venture with RY-8, Inc., a wholly owned subsidiary of Roy&rsquo;s Holdings, Inc. (&ldquo;RHI&rdquo;), was
formed to develop, own, and operate a chain of restaurants featuring Pacific Rim cuisine.&nbsp; The culinary style and concept for these restaurants were developed originally by Chef Roy Yamaguchi and Hawaiian Pacific Restaurant Group, Inc., also a wholly owned
subsidiary of RHI.</font></p>

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<p><font size="3" face="Times New Roman">According to the terms of the Credit Agreement, RY-8 may borrow, repay, re-borrow, or prepay advances at any time before the termination date of the agreement.&nbsp; On June 30, 2007, the termination date of the agreement, the
entire outstanding principal amount of the loan then outstanding and any accrued interest is due.&nbsp; As of December 21, 2004, the outstanding balance on the line of credit was approximately $21,800,000.</font></p>

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<p><font size="3" face="Times New Roman">RY-8&rsquo;s obligations under the Credit Agreement are unconditionally guaranteed by us and RHI.&nbsp; If an event of default occurs (as defined in the Credit Agreement, and including our covenant commitments under existing
lines of credit) then the total outstanding balance, including any accrued interest, is immediately due from the guarantors.</font></p>

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<p><font size="3" face="Times New Roman">If an event of default occurs and RY-8 is unable to pay the outstanding balance owed, we would, as guarantor, be liable for this balance.&nbsp; However, in conjunction with the Credit Agreement, RY-8 and RHI have entered into
an Indemnity Agreement and a Pledge of Interest and Security Agreement in favor of Outback Steakhouse, Inc.&nbsp; These agreements provide that if we are required to perform our obligation as guarantor pursuant to the Credit Agreement, then RY-8 and RHI will
indemnify OSI and OSP against all losses, claims, damages or liabilities which arise out of or are based upon our guarantee of the Credit Agreement.&nbsp; RY-8&rsquo;s and RHI&rsquo;s obligations under these agreements are secured by a first priority lien upon and a
continuing security interest in any and all of RY-8&rsquo;s interests in the Joint Venture.&nbsp;</font></p>

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<p><font size="3" face="Times New Roman">A copy of the Amendment to Credit Agreement is attached as Exhibit 10.1, a copy of the Amended Indemnity Agreement is attached as Exhibit 10.2, and a copy of the Amended Pledge of Interest and Security Agreement is attached as
Exhibit 10.3.</font></p>
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<p><b><u><font size="3" face="Times New Roman">Item&nbsp;2.03</font></u></b></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><b><font size="3" face="Times New Roman">Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant</font></b></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><b><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New Roman">The information described above under &ldquo;Item 1.01 Entry into a Material Definitive Agreement&rdquo; is hereby incorporated herein by reference.</font></p>
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<p><b><u><font size="3" face="Times New Roman">Item&nbsp;9.01&nbsp;</font></u></b></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><b><font size="3" face="Times New Roman">Financial Statements and Exhibits</font></b></p>
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<p><font size="3" face="Times New Roman">&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New Roman">(c) Exhibits.&nbsp;</font></p>
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<p><u><font size="3" face="Times New Roman">Exhibit No.</font></u></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" color="black" face="Times New Roman">&nbsp;</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New
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<p><font size="3" face="Times New Roman">10.1</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" color="black" face="Times New Roman">Second Amendment to Credit and Guaranty Agreement</font> <font size="3" face="Times New Roman">by and among RY-8, Inc., Wachovia Bank, National Association, Roy&rsquo;s Holdings, Inc., Outback Steakhouse, Inc.,
and OS Pacific, Inc.</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3" face="Times New Roman">10.2</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" color="black" face="Times New Roman">Second Amended and Restated Indemnity Agreement by and among RY-8, Inc., Roy&rsquo;s Holdings, Inc., Outback Steakhouse, Inc., and OS Pacific, Inc.</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3" face="Times New Roman">10.3</font></p>
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<p><b><font size="3" face="Times New Roman">&nbsp;</font></b></p>
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<p><font size="3" color="black" face="Times New Roman">Second Amended and Restated Pledge of Interest and Security Agreement by RY-8, Inc. on behalf of Outback Steakhouse, Inc. and OS Pacific, Inc.</font></p>
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<p align="center"><b><font size="3" face="Times New Roman">SIGNATURE</font></b></p>

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<p><font size="3" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
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<p align="center"><b><font size="3" face="Times New Roman">OUTBACK STEAKHOUSE, INC.</font></b></p>
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<p align="center"><font size="3" face="Times New Roman">(Registrant)</font></p>
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<p><font size="3" face="Times New Roman">&nbsp;Date:&nbsp;&nbsp;December 27, 2004</font></p>
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<p><b><font size="3" face="Times New Roman">/s/ Robert S. Merritt</font></b></p>
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<p><font size="3" face="Times New Roman">Senior Vice President and</font></p>
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Outback Steakhouse, Inc. Form 8K December 2004
UNITED STATES
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)
December 21, 2004
OUTBACK STEAKHOUSE, INC.
(Exact name of registrant as specified in its charter)
Delaware
1-15935
59-3061413
(State or other jurisdiction
of incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
2202 North West Shore Boulevard, Suite 500, Tampa, FL
33607
(Address of principle executive offices)
(Zip Code)
Registrant's telephone number, including area code
(813) 282-1225
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act  (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
On December 21, 2004, Outback Steakhouse, Inc., entered into an amended two and one half year Credit and Guaranty Agreement, (the "Credit Agreement"), which replaces a three-year Credit and Guaranty Agreement that
was set to expire in December 2004.
Under the terms of the Credit Agreement, we are the guarantor of an uncollateralized line of credit that permits borrowing of up to $24,500,000 by RY-8, Inc. ("RY-8"), which is our 50% partner in a joint venture
created to develop Roy's restaurants (the "Joint Venture").  The line of credit and the guarantee terminate in June 2007.  Our Joint Venture with RY-8, Inc., a wholly owned subsidiary of Roy's Holdings, Inc. ("RHI"), was
formed to develop, own, and operate a chain of restaurants featuring Pacific Rim cuisine.  The culinary style and concept for these restaurants were developed originally by Chef Roy Yamaguchi and Hawaiian Pacific Restaurant Group, Inc., also a wholly owned
subsidiary of RHI.
According to the terms of the Credit Agreement, RY-8 may borrow, repay, re-borrow, or prepay advances at any time before the termination date of the agreement.  On June 30, 2007, the termination date of the agreement, the
entire outstanding principal amount of the loan then outstanding and any accrued interest is due.  As of December 21, 2004, the outstanding balance on the line of credit was approximately $21,800,000.
RY-8's obligations under the Credit Agreement are unconditionally guaranteed by us and RHI.  If an event of default occurs (as defined in the Credit Agreement, and including our covenant commitments under existing
lines of credit) then the total outstanding balance, including any accrued interest, is immediately due from the guarantors.
If an event of default occurs and RY-8 is unable to pay the outstanding balance owed, we would, as guarantor, be liable for this balance.  However, in conjunction with the Credit Agreement, RY-8 and RHI have entered into
an Indemnity Agreement and a Pledge of Interest and Security Agreement in favor of Outback Steakhouse, Inc.  These agreements provide that if we are required to perform our obligation as guarantor pursuant to the Credit Agreement, then RY-8 and RHI will
indemnify OSI and OSP against all losses, claims, damages or liabilities which arise out of or are based upon our guarantee of the Credit Agreement.  RY-8's and RHI's obligations under these agreements are secured by a first priority lien upon and a
continuing security interest in any and all of RY-8's interests in the Joint Venture.
A copy of the Amendment to Credit Agreement is attached as Exhibit 10.1, a copy of the Amended Indemnity Agreement is attached as Exhibit 10.2, and a copy of the Amended Pledge of Interest and Security Agreement is attached as
Exhibit 10.3.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant
The information described above under "Item 1.01 Entry into a Material Definitive Agreement" is hereby incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(c) Exhibits.
Exhibit No.
10.1
Second Amendment to Credit and Guaranty Agreement
by and among RY-8, Inc., Wachovia Bank, National Association, Roy's Holdings, Inc., Outback Steakhouse, Inc.,
and OS Pacific, Inc.
10.2
Second Amended and Restated Indemnity Agreement by and among RY-8, Inc., Roy's Holdings, Inc., Outback Steakhouse, Inc., and OS Pacific, Inc.
10.3
Second Amended and Restated Pledge of Interest and Security Agreement by RY-8, Inc. on behalf of Outback Steakhouse, Inc. and OS Pacific, Inc.
SIGNATURE
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.
(Registrant)
Date:  December 27, 2004
By:
/s/ Robert S. Merritt
Robert S. Merritt
Senior Vice President and
Chief Financial Officer