UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
   Rocha, Michael S
   c/o Delphi Asset Mgmt Corp.
   6005 Plumas St., #202, Reno, NV 89509

   (775) 689 3456; stock_us@oracle.com
2. Issuer Name and Ticker or Trading Symbol
   Oracle Corporation (ORCL)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for Month/Year
   04/23/03
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [ ] Director                   [ ] 10% Owner
   [X] Officer (give title below) [ ] Other (specify below)
   Executive Vice President,
   Global Support Services
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person



Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
-----------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans-  3.Trans- 4.Securities Acquired(A)  5)Amount of      6)     7)Nature of
                    action    action   or Disposed of (D)        Securities              Indirect
                    Date      Code                A or D         Beneficially    D or I  Beneficial
                    (Month/                                      Owned Following         Ownership
                    Day/Year) Code V    Amount           Price   Reported Transaction
-----------------------------------------------------------------------------------------------------
                                                                 
-----------------------------------------------------------------------------------------------------
                                                 
Common Stock        09/30/02  J (1)V     581         A   $7.1400
Common Stock        03/31/03  J (1)V   2,544         A   $6.6810
Common Stock        04/23/03  S        4,120         D  $11.9500
Common Stock        04/23/03  S        8,228         D  $11.9800   25,050         D


Table II (PART 1)  Derivative Securities Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)
-------------------------------------------------------------------------------------------------------------
1)Title of Derivative  2)Conversion  3)Trans-     4)Trans-  5)Number of Derivative  6)Date Exercisable and
Security               or Exercise   action       action    Securities Acquired (A) Expiration Date
                       Price of      Date         Code      or Disposed of (D)
                       Derivative
                       Security                   Code  V   A       D               Exercisable  Expiration
-------------------------------------------------------------------------------------------------------------
                                                                            

Table II (PART 2)  Derivative Securities Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)
---------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount     8)Price    9)Number of   10) 11)Nature of
Security              action   of Underlying          of Deri-   Derivative          Indirect
                      Date     Securities             vative     Securities      D   Beneficial
                                           Amount or  Security   Beneficially    or  Ownership
                                           Number of             Owned Following I
                  -            Title       Shares                Reported Trans
----------------------------------------------------------------------------------------------------------------------
                                                               


Explanation of Responses:

(1)
Securities acquired in exempt purchase under Company's Section 423  Employee Stock Purchase Plan.



SIGNATURE OF REPORTING PERSON
/S/ Michael S. Rocha
--------------------------------------
Name:  Michael S. Rocha
DATE 04/23/03