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)
02/17/2008
(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 02/17/2008   M   57,956 A $ 4.19 616,436 D  
Common Stock 02/17/2008   F   15,330 D $ 4.19 601,106 D  
Common Stock               10,200 I By Spouse
Common Stock               10,000 I By Trust

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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
2005 February Restricted Units (1) 02/17/2008   M     57,956   (1)   (1) Common Stock 57,956 $ 4.19 0 D  
1997 B Option (Right to Buy) $ 22.04               (2) 12/02/2007 Common Stock 75,000   75,000 D  
1999 C Option (Right to Buy) $ 11.12               (2) 07/28/2009 Common Stock 25,000   25,000 D  
2002 A Option (Right to Buy) $ 27.95               (2) 11/07/2012 Common Stock 450,000   450,000 D  
2003 B Option (Right to Buy) $ 14.98               (2) 09/15/2013 Common Stock 350,000   350,000 D  
2004 March Option (Right to Buy) $ 12.02               (2) 03/04/2014 Common Stock 469,333   469,333 D  
2005 February Option (Right to Buy) $ 10.63               (2) 02/17/2015 Common Stock 469,333   469,333 D  
2006 February Option (Right to Buy) $ 7.93               (2) 02/22/2016 Common Stock 731,697   731,697 D  
2006 February Restricted Units $ 0 (1)               (1)   (1) Common Stock 405,878   405,878 D  
2007 March Option (Right to Buy) $ 6.6               (2) 03/01/2017 Common Stock 728,000   728,000 D  
2007 March Performance Based Restricted Units $ 0 (3)               (3) 03/01/2017 Common Stock 900,000   900,000 D  
Stock Units (2) $ 0               (4)   (4) 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   02/20/2008
**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) 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.
(2) These derivative securities (stock options) vest ratably on each of the first, second and third anniversaries of the date of grant.
(3) On the first anniversary of the date of grant, 100,000 restricted units vest; on the second anniversary of the date of grant, 100,000 restricted units vest; and on the third anniversary of the date of grant, the remaining 700,000 restricted units vest conditionally based on the average of the closing price of the company's common stock on the last 40 trading days of 2009 ("Stock Price") as follows: 100,000 restricted units vest if the Stock Price is $6.75 or less; 400,000 restricted units vest if the Stock Price is $8.50; and 700,000 restricted units if the Stock Price is $10.25 or greater. Straight-line interpolation will be used to determine the number of restricted units vesting for Stock Prices between the threshold prices stated. Restricted Units are settled in shares of the company's common stock upon vesting.
(4) These Stock Units were accrued under the Company's Deferred Compensation Plan.

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