<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-15</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000944136</issuerCik>
        <issuerName>TULLYS COFFEE CORP</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001096310</rptOwnerCik>
            <rptOwnerName>HUBMAN GEORGE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>TULLY'S COFFEE CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>3100 AIRPORT WAY SO</rptOwnerStreet2>
            <rptOwnerCity>SEATTLE</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>98134</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Warrants</value><footnoteId id="F1"/></securityTitle><conversionOrExercisePrice><value>0.05</value></conversionOrExercisePrice><transactionDate><value>2003-10-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>55548</value></transactionShares><transactionPricePerShare><value>0.00</value><footnoteId id="F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-10-15</value></exerciseDate><expirationDate><value>2014-10-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common</value></underlyingSecurityTitle><underlyingSecurityShares><value>55548</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>203676</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Warrants issued in consideration for providing guaranties of the Company's line of credit.  Each set of warrants become exercisable one year after issuance.</footnote></footnotes><ownerSignature><signatureName>Kristopher S. Galvin, as Attorney-in-Fact for George Hubman</signatureName><signatureDate>2003-10-15</signatureDate></ownerSignature></ownershipDocument>



