X0201 42003-10-22 0000874691 OUTBACK STEAKHOUSE INC OSI 0001044540 FIELDS DEBBI C/O OUTBACK STEAKHOUSE, INC. 2202 N. WEST SHORE BLVD., 5TH FLOOR TAMPA FL 33607 1000Phantom Stock Units ("PSU")2003-10-224A0122.9338.64ACommon Stock122.934248.1DThe security converts to common stock on a one-to-one basis.The PSU were accrued under the Company's Deferred Compensation and Stock Plan ("Plan") and are settled 100% in the Company's common stock upon cessation as a director.Derivative securities beneficially owned at end of year include: (i) 448.97 PSU accrued in 1997 at prices ranging from $15.840 to $17.669; (ii) 439.26 PSU accrued in 1998 at prices ranging from $18.070 to $24.697; (iii) 672.73 PSU accrued in 1999 at prices ranging from $25.33 to $36.68; (iv) 756.99 PSU acquired in 2000 at prices ranging from $23.603 to $29.821; (v) 688.46 PSU acquired in 2001 at prices ranging from $24.85 to $27.98; (vi) 646.71 PSU acquired in 2002 at prices ranging from $28.00 to $37.38; and (vii) 472.04 PSU acquired in 2003 at prices ranging from $33.82 to $38.64, all such PSU are to be settled 100% in the Company's common stock upon cessation as a director.Joseph J. Kadow, Attorney-in-Fact2003-10-22