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 *
FETTER TREVOR
  2. Issuer Name and Ticker or Trading Symbol
TENET HEALTHCARE CORP [THC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO & President
(Last)
(First)
(Middle)
13737 NOEL ROAD
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2005
(Street)

DALLAS, TX 75240
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 03/04/2005   M   31,289 A $ 0 193,645 D  
Common Stock 03/04/2005   F   11,405 D $ 11.12 182,240 D  
Common Stock               10,200 I By Spouse
Common Stock               10,000 I By Trust
Restricted Stock (Fetter) (1)               133,334 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
2004 March Restricted Units (2) 03/04/2005   M     31,289   (2)   (2) Common Stock 31,289 $ 0 62,578 D  
1997 B Option (Right to Buy) $ 22.04               (3) 12/02/2007 Common Stock 75,000   75,000 D  
1999 C Option (Right to Buy) $ 11.12               (3) 07/28/2009 Common Stock 25,000   25,000 D  
2002 A Option (Right to Buy) $ 27.95               (3) 11/07/2012 Common Stock 450,000   450,000 D  
2003 B Option (Right to Buy) $ 14.98               (3) 09/15/2013 Common Stock 350,000   350,000 D  
2004 March Option (Right to Buy) $ 12.02               (3) 03/04/2014 Common Stock 469,333   469,333 D  
2005 February Option (Right to Buy) $ 10.63               (3) 02/17/2015 Common Stock 469,333   469,333 D  
2005 February Restricted Units $ 0 (2)               (2)   (2) Common Stock 173,867   173,867 D  
Stock Units $ 0 (4)               (5)   (5) Common Stock 18,798   18,798 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FETTER TREVOR
13737 NOEL ROAD
DALLAS, TX 75240
  X     CEO & President  

Signatures

 /s/ Fetter, Trevor   03/07/2005
**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) The Company granted Mr. Fetter two shares of Restricted Stock for each share of the Company's common stock purchased by Mr. Fetter, up to a maximum of 200,000 shares of Restricted Stock. These shares of Restricted Stock vest as follows: (1) one-third vest two years from the grant date; (2) an additional one-third vest three years from the grant date; and (3) the balance vest four years from the grant date.
(2) These restricted units vest ratably on each of the first, second and third anniversaries of the date of grant. Restricted Units are settled in shares of the Company's common stock upon vesting.
(3) These derivative securities (stock options) vest ratably on each of the first, second and third anniversaries of the date of grant.
(4) These Stock Units were accrued under the Company's Deferred Compensation Plan.
(5) These Stock Units are settled in shares of the Company's common stock upon termination of service.

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