FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * EDWARDS WESLEY B   2. Issuer Name and Ticker or Trading Symbol JABIL CIRCUIT INC [JBL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP, Strategic Operations (Last) (First) (Middle) 10560 DR. MARTIN LUTHER KING JR. ST N 3. Date of Earliest Transaction (Month/Day/Year) 10/05/2004 (Street) ST. PETERSBURG, FL 33716-3718 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock (1) 10/05/2004   M   36,000 A $ 0.6575 43,154 D   Common Stock 10/05/2004   S   12,100 D $ 24 31,054 D   Common Stock 10/05/2004   S   2,700 D $ 24.02 28,354 D   Common Stock 10/05/2004   S   12,200 D $ 24.03 16,154 D   Common Stock 10/05/2004   S   2,100 D $ 24.06 14,054 D   Common Stock 10/05/2004   S   900 D $ 24.12 13,154 D   Common Stock 10/05/2004   S   2,500 D $ 24.2 10,654 D   Common Stock 10/05/2004   S   3,500 D $ 23.99 7,154 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Option (right to buy)

$ 0.6575

10/05/2004

M

36,000

04/26/1995(2)

10/26/2004

Common Stock

36,000

$ 0 (3)

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
EDWARDS WESLEY B 10560 DR. MARTIN LUTHER KING JR. ST N ST. PETERSBURG, FL 33716-3718			Sr. VP, Strategic Operations

Signatures

By: Robert L. Paver, Attorney-in-Fact For: Wesley B. Edwards		10/07/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Column 5 of Table I includes 584 shares acquired on June 30, 2004 under the 2002 Employee Stock Purchase Plan of Jabil Circuit, Inc.
(2)	Options vest as follows: 12% on 4/26/95, and 2% each month thereafter.
(3)	The derivative security is a stock option issued under the Issuer's 1992 Stock Option Plan. $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system.

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