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 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 *
NARDONE RANDAL A
  2. Issuer Name and Ticker or Trading Symbol
NEWCASTLE INVESTMENT CORP [NCT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Secretary
(Last)
(First)
(Middle)
1345 AVENUE OF THE AMERICAS
3. Date of Earliest Transaction (Month/Day/Year)
11/30/2007
(Street)

NEW YORK, NY 10105
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, par value $0.01 per share 11/30/2007   J(1)   825 A $ 12.94 117,000 (2) I Fortress Partners Securities, LLC (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   1,200 A $ 12.95 117,000 (2) I Fortress Partners Securities, LLC (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   1,800 A $ 12.97 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   675 A $ 12.99 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   450 A $ 13 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   2,775 A $ 13.01 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   75 A $ 13.015 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   300 A $ 13.02 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   2,475 A $ 13.03 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   150 A $ 13.04 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   5,100 A $ 13.05 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   2,622.75 A $ 13.06 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   975 A $ 13.07 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   937.5 A $ 13.08 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   75 A $ 13.085 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   1,575 A $ 13.09 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   27,339.75 A $ 13.1 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   150 A $ 13.105 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   11,235 A $ 13.11 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   3,000 A $ 13.12 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   75 A $ 13.125 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   2,581.5 A $ 13.13 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   2,865 A $ 13.14 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   15,643.5 A $ 13.15 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   375 A $ 13.155 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   3,825 A $ 13.16 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   225 A $ 13.165 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   450 A $ 13.17 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   150 A $ 13.18 117,000 (2) I Fortress Partners Securities, LLP (1) (3)
Common Stock, par value $0.01 per share 11/30/2007   J(1)   825 A $ 13.19 117,000 (2) I Fortress Partners Securities, LLP (1) (3)

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NARDONE RANDAL A
1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
      Secretary  

Signatures

 /s/ Randal A. Nardone   12/05/2007
**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) Mr. Nardone may be deemed to be the beneficial owner of these shares of common stock by virtue of his relationship to Fortress Operating Entity I LP ("FOE I", which was formerly known as Fortress Investment Holdings LLC) and Fortress Operating Entity II LP ("FOE II," which was formerly known as Fortress Principal Investment Holdings II LLC). However, Mr. Nardone disclaims beneficial ownership of any shares of common stock of the issuer held by FOE I or FOE II except to the extent of his pecuniary interest therein.
(2) Reflects aggregate amount of shares purchased on November 30, 2007, which amounts are broken out by purchase price in Column 4 of this form and the other Form 4s filed on behalf of the reporting person on December 5, 2007.
(3) Fortress Partners Fund LP is the sole managing member of Fortress Partners Securities LLC. Fortress Partners GP LLC is the general partner of Fortress Partners Fund LP. Fortress Partners Investment Holdings IV LLC is the sole managing member of Fortress Partners GP LLC. Fortress Partners Advisors LLC ("FPA") is the investment advisor of Fortress Partners Fund LP. FIG LLC is the sole managing member of FPA. FOE I is the sole managing member of FIG LLC and FPIH IV. FIG Corp. is the general partner of FOE I. FIG Corp. is a wholly-owned subsidiary of Fortress Investment Group LLC ("FIG").

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