Filed pursuant to Rule 424(b)(3)
                                                     Registration No. 333-106293



                           PROSPECTUS SUPPLEMENT NO. 7
                       (TO PROSPECTUS DATED JULY 3, 2003)

                                U.S. $889,000,000

                              CARNIVAL CORPORATION

                     SENIOR CONVERTIBLE DEBENTURES DUE 2033
                         GUARANTEED BY CARNIVAL PLC AND
                   P&O PRINCESS CRUISES INTERNATIONAL LIMITED


         This prospectus supplement No. 7 supplements and amends the prospectus
dated July 3, 2003, as amended and supplemented by prospectus supplement No. 1
dated July 21, 2003, prospectus supplement No. 2 dated August 8, 2003,
prospectus supplement No. 3 dated August 25, 2003, prospectus supplement No. 4
dated September 11, 2003, prospectus supplement No. 5 dated October 6, 2003 and
prospectus supplement No. 6 dated October 31, 2003 relating to $889,000,000
aggregate principal amount at maturity of our Senior Convertible Debentures due
2033 (the "debentures") and 20,896,657 shares of our common stock issuable upon
conversion of the debentures held by the selling securityholders, plus an
indeterminate number of shares as may become issuable upon conversion of the
debentures by reason of adjustment to the conversion price.

         The table on page 74 of the prospectus sets forth information with
respect to the selling securityholders and the respective amounts at maturity of
debentures beneficially owned by each selling securityholder that may be offered
pursuant to the prospectus, as amended and supplemented by prospectus supplement
No. 1 dated July 21, 2003, prospectus supplement No. 2 dated August 8, 2003,
prospectus supplement No. 3 dated August 25, 2003, prospectus supplement No. 4
dated September 11, 2003, prospectus supplement No. 5 dated October 6, 2003 and
prospectus supplement No. 6 dated October 31, 2003. This prospectus supplement
amends that table by adding to it the items set forth below.



-------------------------------------------------------------------------------------------------------------------
                                      PRINCIPAL                           NUMBER OF
                                      AMOUNT AT                           SHARES OF               NUMBER OF
                                     MATURITY OF                        COMMON STOCK              SHARES OF
                                      DEBENTURES       PERCENT OF       ISSUABLE UPON           COMMON STOCK
                                     BENEFICIALLY        TOTAL             INITIAL             OWNED PRIOR TO
            SELLING                   OWNED AND       OUTSTANDING        CONVERSION OF          CONVERSION OF
        SECURITYHOLDER                 OFFERED         DEBENTURES        DEBENTURES (1)         DEBENTURES (1)
-------------------------------------------------------------------------------------------------------------------
                                                                                       
KBC Financial Products (Cayman
Islands) Ltd. .................     $20,050,000             2.26%           471,291                 0
-------------------------------------------------------------------------------------------------------------------


     (1) Also includes an equivalent number of non-detachable trust shares of
         beneficial interest in P&O Princess Special Voting Trust, a trust
         established under the laws of the Cayman Islands. See "Description of
         Trust Shares."

         The prospectus dated July 3, 2003, as amended and supplemented by
prospectus supplement No. 1 dated July 21, 2003, prospectus supplement No. 2
dated August 8, 2003,



prospectus supplement No. 3 dated August 25, 2003, prospectus supplement No. 4
dated September 11, 2003, prospectus supplement No. 5 dated October 6, 2003,
prospectus supplement No. 6 dated October 31, 2003 and this prospectus
supplement No. 7 constitutes the prospectus required to be delivered by Section
5(b) of the Securities Act of 1933, as amended, with respect to offers and sales
of the debentures and the common stock issuable upon conversion of the
debentures.

         Our common stock is traded on the New York Stock Exchange under the
symbol "CCL." On November 14, 2003, the last reported sales price of the common
stock was $35.19 per share.

         There is no public market for the debentures, and we do not intend to
apply for their listing on any securities exchange or seek approval for
quotation of them through any automated system.

         INVESTING IN THE SECURITIES OFFER BY THIS PROSPECTUS INVOLVES RISKS
THAT ARE DESCRIBED IN THE "RISK FACTORS" SECTION BEGINNING ON PAGE 11 OF THE
ACCOMPANYING PROSPECTUS.

         Neither the Securities and Exchange Commission, nor any state
securities commission has approved or disapproved of the securities offered by
this prospectus or passed upon the adequacy or accuracy of this prospectus
supplement. Any representation to the contrary is a criminal offense.

                          _____________________________

         The date of this prospectus supplement is November 17, 2003.



                             SELLING SECURITYHOLDERS

         The prospectus dated July 3, 2003, as amended and supplemented by
prospectus supplement No. 1 dated July 21, 2003, prospectus supplement No. 2
dated August 8, 2003, prospectus supplement No. 3 dated August 25, 2003,
prospectus supplement No. 4 dated September 11, 2003, prospectus supplement No.
5 dated October 6, 2003 and prospectus supplement No. 6 dated October 31, 2003
relating to the offer for resale of $889,000,000 aggregate principal amount at
maturity of debentures and 20,896,657 shares of our common stock issuable upon
conversion of the debentures held by the selling securityholders, plus an
indeterminate number of shares as may become issuable upon conversion of the
debentures by reason of adjustment to the conversion price and, upon each
issuance of shares of Carnival Corporation common stock to a person, including
to a holder of debentures upon conversion of debentures, an equivalent number of
non-detachable trust shares of beneficial interest in the P&O Princess Special
Voting Trust, is amended to replace the first paragraph and the table under the
heading "Selling Securityholders" on page 74 with the information in the
following paragraph and table. We may further amend or supplement this table
from time to time if necessary.

         We originally sold the debentures to the initial purchaser in a private
placement. The debentures were subsequently resold by the initial purchaser to
purchasers, including the selling securityholders listed below, in transactions
exempt from registration. The following table provides, as of November 17, 2003,
the principal amount at maturity of debentures held by such selling
securityholder, the number of shares of common stock beneficially owned by such
securityholder prior to its conversion of any debentures and the number of
shares of our common stock issuable upon conversion of the debentures. This
information has been obtained from the selling securityholders.




-------------------------------------------------------------------------------------------------------------------
                                      PRINCIPAL                           NUMBER OF
                                      AMOUNT AT                           SHARES OF               NUMBER OF
                                     MATURITY OF                        COMMON STOCK              SHARES OF
                                      DEBENTURES       PERCENT OF       ISSUABLE UPON           COMMON STOCK
                                     BENEFICIALLY        TOTAL             INITIAL             OWNED PRIOR TO
            SELLING                   OWNED AND       OUTSTANDING        CONVERSION OF          CONVERSION OF
        SECURITYHOLDER                 OFFERED         DEBENTURES        DEBENTURES (1)         DEBENTURES (1)
-------------------------------------------------------------------------------------------------------------------
                                                                                            
Argent Classic Convertible
Arbitrage (Bermuda) Fund
Ltd............................     $14,200,000             1.60%           333,782                     0
-------------------------------------------------------------------------------------------------------------------

Argent Classic Convertible
Arbitrage Fund L.P.............      $2,800,000             0.31%            65,816                     0
-------------------------------------------------------------------------------------------------------------------

Argent LowLev
Convertible Arbitrage Fund
LLC............................      $1,100,000             0.12%            25,856                     0
-------------------------------------------------------------------------------------------------------------------

Argent LowLev
Convertible Arbitrage Fund
Ltd............................      $6,300,000             0.71%           148,087                     0
-------------------------------------------------------------------------------------------------------------------

Bank Austria Cayman
Islands, LTD...................      $7,650,000             0.86%           179,819                     0
-------------------------------------------------------------------------------------------------------------------

Banc of America Securities
L.L.C..........................      $2,100,000             0.24%            49,362                     0
-------------------------------------------------------------------------------------------------------------------






-------------------------------------------------------------------------------------------------------------------
                                      PRINCIPAL                           NUMBER OF
                                      AMOUNT AT                           SHARES OF               NUMBER OF
                                     MATURITY OF                        COMMON STOCK              SHARES OF
                                      DEBENTURES       PERCENT OF       ISSUABLE UPON           COMMON STOCK
                                     BENEFICIALLY        TOTAL             INITIAL             OWNED PRIOR TO
            SELLING                   OWNED AND       OUTSTANDING        CONVERSION OF          CONVERSION OF
        SECURITYHOLDER                 OFFERED         DEBENTURES        DEBENTURES (1)         DEBENTURES (1)
-------------------------------------------------------------------------------------------------------------------
                                                                                      
Bear, Stearns & Co., Inc.......     $30,500,000             3.43%           716,927                     0
-------------------------------------------------------------------------------------------------------------------

BNP Paribas Equity
Strategies SNC.................        $744,000             0.08%            17,488                     0
-------------------------------------------------------------------------------------------------------------------

Clinton Convertible
Managed Trading Account
1 Limited......................      $2,620,000             0.29%            61,585                     0
-------------------------------------------------------------------------------------------------------------------

Clinton Multistrategy
Master Fund, Ltd...............     $21,890,000             2.46%           514,542                     0
-------------------------------------------------------------------------------------------------------------------

Clinton Riverside
Convertible Portfolio
Limited........................     $22,000,000             2.47%           517,128                     0
-------------------------------------------------------------------------------------------------------------------

Continental Assurance
Company On Behalf Of Its
Separate Account  (E)..........      $3,100,000             0.35%            72,868                     0
-------------------------------------------------------------------------------------------------------------------

Continental Casualty
Company........................     $24,400,000             2.74%           573,542                     0
-------------------------------------------------------------------------------------------------------------------

CooperNeff Convertible
Strategies (Cayman) Master
Fund L.P.......................        $580,000             0.07%            13,633                     0
-------------------------------------------------------------------------------------------------------------------

DBAG London....................        $500,000              .06%            11,753                     0
-------------------------------------------------------------------------------------------------------------------

Global Bermuda Limited
Partnership....................     $23,100,000             2.60%           542,984                     0
-------------------------------------------------------------------------------------------------------------------

Goldman, Sachs & Co............     $49,300,000             5.55%         1,158,836               487,385
-------------------------------------------------------------------------------------------------------------------

Guggenheim Portfolio Co.
XV, LLC........................      $1,350,000             0.15%            31,733                     0
-------------------------------------------------------------------------------------------------------------------

Hamilton Multi-Strategy
Master Fund, LP................      $4,300,000             0.48%           101,075                     0
-------------------------------------------------------------------------------------------------------------------

Highbridge International
LLC............................     $50,000,000             5.62%         1,175,290                     0
-------------------------------------------------------------------------------------------------------------------

JP Morgan Securities Inc. .....     $35,000,000             3.94%           822,703                 3,749
-------------------------------------------------------------------------------------------------------------------

KBC Financial Products
(Cayman Islands) Ltd...........     $25,550,000             2.87%           600,573                     0
-------------------------------------------------------------------------------------------------------------------

KBC Financial Products
USA Inc........................      $1,450,000             0.16%            34,083                     0
-------------------------------------------------------------------------------------------------------------------

Lakeshore International,
Ltd............................     $92,400,000            10.40%         2,171,936                     0
-------------------------------------------------------------------------------------------------------------------






-------------------------------------------------------------------------------------------------------------------
                                      PRINCIPAL                           NUMBER OF
                                      AMOUNT AT                           SHARES OF               NUMBER OF
                                     MATURITY OF                        COMMON STOCK              SHARES OF
                                      DEBENTURES       PERCENT OF       ISSUABLE UPON           COMMON STOCK
                                     BENEFICIALLY        TOTAL             INITIAL             OWNED PRIOR TO
            SELLING                   OWNED AND       OUTSTANDING        CONVERSION OF          CONVERSION OF
        SECURITYHOLDER                 OFFERED         DEBENTURES        DEBENTURES (1)         DEBENTURES (1)
-------------------------------------------------------------------------------------------------------------------
                                                                                      
Laurel Ridge Capital, LP.......      $7,500,000             0.84%           176,294                     0
-------------------------------------------------------------------------------------------------------------------

Lyxor Master Fund..............      $2,100,000             0.24%            49,362                     0
-------------------------------------------------------------------------------------------------------------------

Meadow IAM Limited ............      $2,090,000             0.24%            49,127                     0
-------------------------------------------------------------------------------------------------------------------

Merrill Lynch, Pierce,
Fenner & Smith, Inc............     $97,750,000            11.00%         2,297,692                     0
-------------------------------------------------------------------------------------------------------------------

Nomura Securities
International, Inc.............     $15,000,000             1.69%           352,587               658,452
-------------------------------------------------------------------------------------------------------------------

Quattro Fund Ltd...............      $4,000,000             0.45%            94,023                     0
-------------------------------------------------------------------------------------------------------------------

Ramius Capital Group...........        $900,000             0.10%            21,155                     0
-------------------------------------------------------------------------------------------------------------------

Ramius, LP.....................        $270,000             0.03%             6,347                     0
-------------------------------------------------------------------------------------------------------------------

Ramius Master Fund, LTD........     $10,823,000             1.22%           254,403                     0
-------------------------------------------------------------------------------------------------------------------

Ramius Partners II, LP.........        $315,000             0.04%             7,404                     0
-------------------------------------------------------------------------------------------------------------------

RCG Baldwin, LP................      $1,125,000             0.13%            26,444                     0
-------------------------------------------------------------------------------------------------------------------

RCG Halifax Master Fund,
LTD............................      $1,125,000             0.13%            26,444                     0
-------------------------------------------------------------------------------------------------------------------

RCG Latitude Master Fund,
LTD............................     $10,822,000             1.22%           254,380                     0
-------------------------------------------------------------------------------------------------------------------

RCG Multi Strategy Master
Fund, LTD......................        $720,000             0.08%            16,924                     0
-------------------------------------------------------------------------------------------------------------------

S.A.C. Capital Associates,
LLC............................        $500,000             0.06%            11,753                 7,500
-------------------------------------------------------------------------------------------------------------------

Sagamore Hill Hub Fund
LTD............................     $35,600,000             4.00%           836,806                     0
-------------------------------------------------------------------------------------------------------------------

Singlehedge US
Convertible Arbitrage Fund.....         $71,000             0.01%             1,669                     0
-------------------------------------------------------------------------------------------------------------------

Sturgeon Limited...............        $105,000             0.01%             2,468                     0
-------------------------------------------------------------------------------------------------------------------

Sutton Brook Capital
Portfolio LP...................     $20,000,000             2.50%           470,116                     0
-------------------------------------------------------------------------------------------------------------------

Swiss Re Financial
Products Corporation...........     $47,000,000             5.29%         1,104,773                     0
-------------------------------------------------------------------------------------------------------------------

The Coast Fund, LP.............     $21,100,000             2.37%           495,972                     0
-------------------------------------------------------------------------------------------------------------------

UBS AG London Branch...........    $115,000,000            12.94%         2,703,167                     0
-------------------------------------------------------------------------------------------------------------------






-------------------------------------------------------------------------------------------------------------------
                                      PRINCIPAL                           NUMBER OF
                                      AMOUNT AT                           SHARES OF               NUMBER OF
                                     MATURITY OF                        COMMON STOCK              SHARES OF
                                      DEBENTURES       PERCENT OF       ISSUABLE UPON           COMMON STOCK
                                     BENEFICIALLY        TOTAL             INITIAL             OWNED PRIOR TO
            SELLING                   OWNED AND       OUTSTANDING        CONVERSION OF          CONVERSION OF
        SECURITYHOLDER                 OFFERED         DEBENTURES        DEBENTURES (1)         DEBENTURES (1)
-------------------------------------------------------------------------------------------------------------------
                                                                                           
White River Securities
L.L.C. ........................     $30,500,000             3.43%           716,927                     0
-------------------------------------------------------------------------------------------------------------------

Xavex Convertible
Arbitrage #5...................        $900,000             0.10%            21,155                     0
-------------------------------------------------------------------------------------------------------------------

Xavex Risk Arbitrage
Fund 2.........................        $400,000             0.04%             9,402                     0
-------------------------------------------------------------------------------------------------------------------

Zurich Institutional
Benchmark Management...........      $1,000,000             0.11%            23,506                     0
-------------------------------------------------------------------------------------------------------------------

Zurich Institutional
Benchmark Master Fund
LTD............................        $300,000             0.03%             7,052                     0
-------------------------------------------------------------------------------------------------------------------


     (1) Also includes an equivalent number of non-detachable trust shares of
         beneficial interest in P&O Princess Special Voting Trust, a trust
         established under the laws of the Cayman Islands. See "Description of
         Trust Shares."