<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>5</documentType><periodOfReport>2003-09-30</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><form3HoldingsReported>0</form3HoldingsReported><form4TransactionsReported>0</form4TransactionsReported><issuer><issuerCik>0000874759</issuerCik><issuerName>CALLOWAYS NURSERY INC</issuerName>        <issuerTradingSymbol>CLWY</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001267721</rptOwnerCik><rptOwnerName>CORNELIUS C STERLING</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>2233 SOUTH VOSS ROAD</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>HOUSTON</rptOwnerCity><rptOwnerState>TX</rptOwnerState><rptOwnerZipCode>77057</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President, Cornelius Nurseries</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><transactionCoding><transactionFormType></transactionFormType></transactionCoding><postTransactionAmounts><sharesOwnedFollowingTransaction><value>27223.6661</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Stock Purchase Plan</value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>1.09</value></conversionOrExercisePrice><transactionCoding><transactionFormType></transactionFormType></transactionCoding><exerciseDate><value>2002-01-08</value></exerciseDate><expirationDate><value>2012-01-08</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>36000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>36000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes></footnotes><remarks></remarks><ownerSignature><signatureName>Daniel G. Reynolds, Power of Attorney</signatureName><signatureDate>2003-10-28</signatureDate></ownerSignature></ownershipDocument>

