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): April 30, 2003
                                                           --------------



                               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 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.)

ITEM 5. OTHER EVENTS

Item 5. Other Events

     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 April 30, 2003, in accordance  with  Rule
10b5-1  to exercise stock options to purchase, and upon  exercise
to sell, up to 82,500 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  may  begin  on  April 30, 2003 and  will terminate on
August 31, 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: May 1, 2003.      By:/s/ Joseph J. Kadow
                           Joseph J. Kadow, Senior Vice President,
                           Secretary and General Counsel