Ownership Submission
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
MILBURY PAUL J
   2. Issuer Name and Ticker or Trading Symbol
AVID TECHNOLOGY INC [AVID] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & Chief Financial Officer
(Last)
(First)
(Middle)
21 BEAVER STREET		 3. Date of Earliest Transaction (Month/Day/Year)
11/30/2004
(Street)

BOSTON, MA 02108		 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 11/30/2004   M   2,084 A $ 18.5625 6,884 D  
Common Stock 11/30/2004   M   208 A $ 12.8 7,092 D  
Common Stock 11/30/2004   M   1,041 A $ 9.96 8,133 D  
Common Stock 11/30/2004   M   313 A $ 14.13 8,446 D  
Common Stock 11/30/2004   M   834 A $ 22.01 9,280 D  
Common Stock 11/30/2004   S   500 D $ 55.85 8,780 D  
Common Stock 11/30/2004   S   300 D $ 55.9 8,480 D  
Common Stock 11/30/2004   S   577 D $ 55.86 7,903 D  
Common Stock 11/30/2004   S   100 D $ 55.88 7,803 D  
Common Stock 11/30/2004   S   3 D $ 55.93 7,800 D  
Common Stock 11/30/2004   S   2,900 D $ 55.92 4,900 D  
Common Stock 11/30/2004   S   100 D $ 55.93 4,800 D  
Common Stock 11/30/2004   S   800 D $ 55.95 4,000 D  
Common Stock 11/30/2004   S   800 D $ 55.96 3,200 D  
Common Stock 11/30/2004   S   200 D $ 55.9501 3,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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) $ 18.5625 11/30/2004   M     452 06/14/2001(1) 12/14/2010 Common Stock 452 $ 0 452 D  
Non-qualified Stock Option (right to buy) $ 18.5625 11/30/2004   M     1,632 06/14/2001(1) 12/14/2010 Common Stock 1,632 $ 0 1,631 D  
Non-qualified Stock Option (right to buy) $ 9.96 11/30/2004   M     1,041 02/28/2002(1) 08/30/2011 Common Stock 1,041 $ 0 1,042 D  
Non-qualified Stock Option (right to buy) $ 14.13 11/30/2004   M     313 09/06/2002(1) 03/03/2012 Common Stock 313 $ 0 2,859 D  
Non-Qualified Stock Option (right to buy) $ 22.01 11/30/2004   M     834 07/10/2003(1) 01/10/2013 Common Stock 834 $ 0 16,892 D  
Non-qualified Stock Option (right to buy) $ 12.8 11/30/2004   M     208 10/17/2001(1) 04/17/2011 Common Stock 208 $ 0 1,042 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MILBURY PAUL J
21 BEAVER STREET
BOSTON, MA 02108		       VP & Chief Financial Officer  

Signatures

 Paul J. Milbury   12/02/2004
**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) 12.5% of the option becomes exercisable on the date listed in the "Date Exercisable" column; the remaining 87.5% becomes exercisable in 42 equal monthly installments thereafter.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.