Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  ICAHN CARL C ET AL
2. Date of Event Requiring Statement (Month/Day/Year)
05/13/2005
3. Issuer Name and Ticker or Trading Symbol
BLOCKBUSTER INC [BBI; BBI.B]
(Last)
(First)
(Middle)
C/O ICAHN ASSOCIATES CORP, 767 FIFTH AVE #4700
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10153
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock ("Class A Shares") 11,484,100
I
Please see explanation below (1) (2) (3) (4) (5)
Class B Common Stock ("Class B Shares") 5,566,131
I
Please see explanation below (1) (2) (3) (4) (5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ICAHN CARL C ET AL
C/O ICAHN ASSOCIATES CORP
767 FIFTH AVE #4700
NEW YORK, NY 10153
  X      
Hopper Investments LLC
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
  X      
BARBERRY CORP /NY/
100 SOUTH BEDFORD RD
MT KISCO, NY 10549
  X      
HIGH RIVER LIMITED PARTNERSHIP /NY/
100 SOUTH BEDFORD RD
MT KISCO, NY 10549
  X      
Icahn Partners Master Fund LP
C/O WALKERS SPV LIMITED, P.O. BOX 908GT
87 MARY STREET
GEORGE TOWN, E9 
  X      
Icahn Offshore LP
100 SOUTH BEDFORD ROAD
MT. KISCO, NY 10549
  X      
Icahn Onshore LP
100 SOUTH BEDFORD ROAD
MT. KISCO, NY 10549
  X      
Icahn Partners L P
767 5TH AVE 47TH FL
NEW YORK, NY 10151
  X      
CCI Offshore Corp.
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
  X      
CCI Onshore Corp.
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
  X      

Signatures

Hopper Investments LLC 05/18/2005
**Signature of Reporting Person Date

Barberry Corp. 05/18/2005
**Signature of Reporting Person Date

High River Limited Partnership 05/18/2005
**Signature of Reporting Person Date

Icahn Partners Master Fund LP 05/18/2005
**Signature of Reporting Person Date

Icahn Offshore LP 05/18/2005
**Signature of Reporting Person Date

CCI Offshore Corp. 05/18/2005
**Signature of Reporting Person Date

Icahn Partners LP 05/18/2005
**Signature of Reporting Person Date

Icahn Onshore LP 05/18/2005
**Signature of Reporting Person Date

CCI Onshore Corp. 05/18/2005
**Signature of Reporting Person Date

Carl C. Icahn 05/18/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Barberry Corp. is the sole stockholder of Icahn & Co., Inc. and the sole member of Hopper Investments LLC, which is the general partner of High River Limited Partnership. CCI Offshore Corp. is the general partner of Icahn Offshore LP, which is the general partner of Icahn Partners Master Fund LP. CCI Onshore Corp. is the general partner of Icahn Onshore LP, which is the general partner of Icahn Partners LP. Each of Barberry Corp., CCI Offshore Corp. and CCI Onshore Corp. is 100 percent owned by Carl C. Icahn. As such, Mr. Icahn is in a position directly and indirectly to determine the investment and voting decisions made by all of the foregoing entities.
(2) High River Limited Partnership owns 1,398,820 Class A and 772,320 Class B Shares. Icahn & Co., Inc. owns 898,000 Class A Shares and 340,906 Class B Shares. Icahn Partners Master Fund LP owns 4,075,909 Class A Shares and 1,932,985 Class B Shares. Icahn Partners LP owns 5,111,371 Class A Shares and 2,519,920 Class B Shares. Each of Hopper Investments LLC, Barberry Corp. and Mr. Icahn, by virtue of their relationships to High River may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which High River owns, but each of them disclaims beneficial ownership of such Shares for all other purposes.
(3) Each of Icahn Offshore LP, CCI Offshore Corp. and Mr. Icahn, by virtue of their relationships to Icahn Partners Master Fund LP may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners Master Fund LP owns, but each of them disclaims beneficial ownership of such Shares for all other purposes.
(4) Each of Icahn Onshore LP, CCI Onshore Corp. and Mr. Icahn, by virtue of their relationships to Icahn Partners LP may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners LP owns, but each of them disclaims beneficial ownership of such Shares for all other purposes. Each of Barberry Corp. and Mr. Icahn by virtue of their relationships to Icahn & Co., Inc. may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn & Co., Inc. owns, but each of them disclaims beneficial ownership of such Shares for all other purposes.
(5) Part 1 of two Forms 3 filed with the SEC on the same day.

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