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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FRANK HOWARD S
  2. Issuer Name and Ticker or Trading Symbol
CARNIVAL PLC [CUK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman & COO
(Last)
(First)
(Middle)
C/O CARNIVAL CORPORATION, 3655 NW 87TH AVE
3. Date of Earliest Transaction (Month/Day/Year)
01/16/2007
(Street)

MIAMI, FL 33178
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
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   M   20,000 A $ 22.57 326,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   M   20,000 A $ 27.875 346,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   M   60,000 A $ 34.45 406,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   400 D $ 51.5 405,864.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   2,500 D $ 51.49 403,364.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   7,300 D $ 51.48 396,064.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   10,900 D $ 51.47 385,164.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   14,600 D $ 51.46 370,564.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   21,700 D $ 51.45 348,864.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   4,700 D $ 51.44 344,164.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   12,900 D $ 51.43 331,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   11,000 D $ 51.42 320,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   17,500 D $ 51.41 302,764.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   9,600 D $ 51.4 293,164.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   16,700 D $ 51.39 276,464.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   11,000 D $ 51.38 265,464.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   2,100 D $ 51.37 263,364.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   3,100 D $ 51.36 260,264.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   1,300 D $ 51.35 258,964.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   100 D $ 51.34 258,864.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   500 D $ 51.3 258,364.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   4,900 D $ 51.28 253,464.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   600 D $ 51.21 252,864.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   2,100 D $ 51.2 250,764.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   2,600 D $ 51.17 248,164.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   1,200 D $ 51.15 246,964.7448 (2) D  
Trust Shares (beneficial interest in voting share) (1) 01/16/2007   S   10,700 D $ 51.14 236,264.7448 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Options (Right to buy) $ 22.57 01/16/2007   M     20,000 10/08/2002 10/08/2011 Trust Shares (beneficial interest in voting share) (1) 20,000 $ 0 0 D  
Stock Options (Right to buy) $ 27.875 01/16/2007   M     20,000 12/02/2003 12/02/2012 Trust Shares (beneficial interest in voting share) (1) 20,000 $ 0 20,000 D  
Stock Options (Right to buy) $ 34.45 01/16/2007   M     60,000 10/13/2004 10/13/2013 Trust Shares (beneficial interest in voting share) (1) 60,000 $ 0 40,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FRANK HOWARD S
C/O CARNIVAL CORPORATION
3655 NW 87TH AVE
MIAMI, FL 33178
  X     Vice Chairman & COO  

Signatures

 Howard S Frank   01/17/2007
**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) Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.
(2) Includes shares acquired pursuant to purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

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