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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-05-065716.txt : 20051228
<SEC-HEADER>0001209191-05-065716.hdr.sgml : 20051228
<ACCEPTANCE-DATETIME>20051228154149
ACCESSION NUMBER:		0001209191-05-065716
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051223
FILED AS OF DATE:		20051228
DATE AS OF CHANGE:		20051228

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Melnick Gregg A
		CENTRAL INDEX KEY:			0001304618

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27826
		FILM NUMBER:		051288952

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		973-983-0888

	MAIL ADDRESS:	
		STREET 1:		400 COMMONS WAY
		CITY:			ROCKAWAY
		STATE:			NJ
		ZIP:			07866

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARTY CITY CORP
		CENTRAL INDEX KEY:			0001005972
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				223033692
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0702

	BUSINESS ADDRESS:	
		STREET 1:		450 COMMONS WAY
		STREET 2:		BLDG C
		CITY:			ROCKAWAY
		STATE:			NJ
		ZIP:			07860
		BUSINESS PHONE:		9739830888

	MAIL ADDRESS:	
		STREET 1:		400 COMMONS WAY
		CITY:			ROCKAWAY
		STATE:			NJ
		ZIP:			07866
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bny15885_gam.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-12-23</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001005972</issuerCik>
        <issuerName>PARTY CITY CORP</issuerName>
        <issuerTradingSymbol>PCTY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001304618</rptOwnerCik>
            <rptOwnerName>Melnick Gregg A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PARTY CITY CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>400 COMMONS WAY</rptOwnerStreet2>
            <rptOwnerCity>ROCKAWAY</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07866</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>14</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-12-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>60000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>60000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Fully vested and cashed out at the spread between the merger price of $17.50 per share and the exercise price, pursuant to the Agreement and Plan of Merger, dated as of September 26, 2005, as amended, by and among Amscan Holdings, Inc., BWP Acquisition, Inc. and Party City Corporation.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joseph J. Zepf, Esq., attorney-in-fact for Gregg A. Melnick</signatureName>
        <signatureDate>2005-12-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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