Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
LAVITT MEL S
   2. Issuer Name and Ticker or Trading Symbol
JABIL CIRCUIT INC [JBL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
10560 DR. MARTIN LUTHER KING JR. ST N		 3. Date of Earliest Transaction (Month/Day/Year)
01/24/2005
(Street)

ST. PETERSBURG, FL 33716-3718		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 (1) 01/24/2005   J   208,000 D $ 0 (1) 0 D  
Common Stock (2) 01/24/2005   J   60,000 D $ 0 (2) 0 I by Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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
Prepaid Variable Forward Contract (right to sell) (1) $ 0 01/24/2005   J(3)     1 09/24/2003 01/24/2005 Common Stock 208,000 $ 0 (4) 0 D  
Prepaid Variable Forward Contract (right to sell) (2) $ 0 01/24/2005   J(5)     1 09/26/2003 01/24/2005 Common Stock 60,000 $ 0 (4) 0 I by Spouse

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAVITT MEL S
10560 DR. MARTIN LUTHER KING JR. ST N
ST. PETERSBURG, FL 33716-3718		   X      

Signatures

 By: Chester E. Bacheller, Attorney-in-Fact For: Mel S. Lavitt   01/26/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On 9/24/02, the reporting person entered into a prepaid variable forward contract with a securities brokerage firm. Under the terms of such contract, the reporting person had to deliver up to 208,000 shares of the Issuer's common stock to the securities brokerage firm on 9/24/03. The number of shares the reporting person would be required to deliver was a function of the closing price of the Issuer's common stock on such date. The contract was modified on 6/24/03, to change certain terms thereof, as referenced in the reporting person's Form 4 filed with the SEC on 6/26/03, and on 1/20/04, to change certain terms thereof, as referenced in the reporting person's Form 4 filed with the SEC on 1/22/04. Pursuant to the terms of the agreements governing the foregoing, the reporting person delivered 208,000 shares to the securities brokerage firm on 1/24/05. $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system.
(2) On 9/26/02, the spouse of the reporting person entered into a prepaid variable forward contract with a securities brokerage firm. Under the terms of such contract, the reporting person's spouse had to deliver up to 60,000 shares of the Issuer's common stock to the securities brokerage firm on 9/26/03. The number of shares the reporting person's spouse would be required to deliver was a function of the closing price of the Issuer's common stock on such date. The contract was modified on 6/24/03, to change certain terms thereof, as referenced in the reporting person's Form 4 filed with the SEC on 6/26/03, and on 1/20/04, to change certain terms thereof, as referenced in the reporting person's Form 4 filed with the SEC on 1/22/04. Pursuant to the terms of the agreements governing the foregoing, the reporting person's spouse delivered 60,000 shares to the securities brokerage firm on 1/24/05. $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system
(3) The prepaid variable forward contract referenced in footnote 1 terminated by its terms on 1/24/05 and 208,000 shares of the Issuer's common stock were delivered by the reporting person to the securities brokerage firm on 1/24/05.
(4) $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system.
(5) The prepaid variable forward contract referenced in footnote 2 terminated by its terms on 1/24/05 and 60,000 shares of the Issuer's common stock were delivered by the reporting person's spouse to the securities brokerage firm on 1/24/05.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.