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
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                      	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(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

SYKES JOHN H	2. Issuer Name and Ticker or Trading Symbol

SYKES ENTERPRISES INC [ SYKE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO & Chairman	
(Last)          (First)          (Middle)

100 NORTH TAMPA STREET, SUITE 3900	3. Date of Earliest Transaction (MM/DD/YYYY)

1/7/2004		
(Street)

TAMPA, FL 33602
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. 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
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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  	1/7/2004  	 	G	  	51500  	D	$8.975  	13713006  	I  	By Limited Partnership   (1)	
Common Stock  	 	 	 	  	 	 	 	24583  	I  	By Trust   (2)	
Common Stock  	 	 	 	  	 	 	 	19886  	I  	By Trust   (3)	
Common Stock  	 	 	 	  	 	 	 	7950  	I  	By Spouse   (4)	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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	7. Title and Amount of Securities Underlying Derivative Security
(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					
Option (right to buy)  	$9.10  	 	 	  	  	  	  	1/8/2002  	1/8/2012  	Common Stock  	1250000  	 	1250000  	D   (5)	 	
Contract   (6) (7)	  (7)	1/7/2004  	1/12/2004  	J  (7)	  	450000   	  	  (7)	12/9/2004  	Common Stock  	450000  	  (7)	450000  	I   (1)	By Limited Partnership  	

Explanation of Responses:	
(  1) 	See exhibit attached.	
(  2) 	See exhibit attached.	
(  3) 	See exhibit attached.	
(  4) 	See exhibit attached.	
(  5) 	See exhibit attached.	
(  6) 	See exhibit attached.	
(  7) 	See exhibit attached.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
SYKES JOHN H
100 NORTH TAMPA STREET
SUITE 3900
TAMPA, FL 33602	X	X	CEO & Chairman		

Signatures		
/s/ Martin A. Traber, Attorney-In-Fact for John H. Sykes		1/13/2004	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	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).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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.	

		Exhibit 99
	
(1)		Shares owned by Mr. Sykes through Jopar Investments Limited Partnership, a North Carolina limited partnership in which Mr. Sykes is the sole limited partner and the sole shareholder of the limited partnership's sole general partner.
	
(2)		Shares held in the Seven Year Grantor Retained Annuity Trust of which reporting person is grantor.
	
(3)		Shares held in the Twelve Year Grantor Retained Annuity Trust of which reporting person is grantor.
	
(4)	 	The reporting person disclaims beneficial ownership of such shares.
	
(5)	 	Grant of stock options to the reporting person pursuant to the Company's 2001 Equity Incentive Plan. 250,000 of these options vested and became exercisable on the grant date and the remaining 1,000,000 vested and became exercisable in increments of 250,000 option upon satisfaction of certain performance objectives as of April 23, 2002, July 29, 2002, October 28, 2002, and February 10, 2003.
	
(6)	 	The transactions reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by reporting person on December 2, 2003.
	
(7)	 	On December 2, 2003, the Reporting Person entered into a Prepaid Forward Agreement (the "Forward Agreement") relating to the forward sale of up to 1.15 million shares of common stock in three tranches. In connection with the first tranche to be executed pursuant to the Forward Agreement, on January 7, 8, and 9, 2004, the counterparty to the Forward Agreement sold 450,000 shares of common stock into the public market in accordance with paragraphs (f) and (g) of Rule 144 under the Securities Act of 1933, as amended, at a weighted-average per share price equal to $8.8305 (the "Floor Price"). The terms of the first tranche provide that three business days after December 9, 2004 (the "Maturity Date"), the Reporting Person will deliver to the counterparty to the Forward Agreement a number of shares of common stock (or, at the election of the Reporting Person, the cash equivalent of such shares) based on the following:
	
 	(a)	if the price per share of common stock, determined in accordance with the terms of the tranche, for the Maturity Date (the"Final Price") is equal to or less than the Floor Price, the Reporting Person will deliver 450,000 shares;
	
 	(b)	if the Final Price is greater than the Floor Price but less than $10.1551 (the "Cap Price"), the Reporting Person will deliver a number of shares equal to Floor Price/Final Price x 450,000;
	
 	(c)	if the Final Price is equal to or greater than the Cap Price, the Reporting Person will deliver a number of shares equal to the product of (i) 450,000 x (ii) the sum of (Floor Price/Final Price) + (Final Price-Cap Price/Final Price).

In consideration of the Forward Agreement, the Reporting Person received $3,683,643.08.