<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="..\4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0202</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2005-04-08</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0001017712</issuerCik>        <issuerName>HOT TOPIC INC /CA/</issuerName>        <issuerTradingSymbol>HOTT</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001248265</rptOwnerCik>            <rptOwnerName>LEVITT CINDY</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>18305 E. SAN JOSE AVE.</rptOwnerStreet1>            <rptOwnerStreet2></rptOwnerStreet2>            <rptOwnerCity>CITY OF INDUSTRY</rptOwnerCity>            <rptOwnerState>CA</rptOwnerState>            <rptOwnerZipCode>91748</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>0</isDirector>            <isOfficer>1</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>0</isOther>            <officerTitle>Vice President, Hot Topic</officerTitle>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3000</value>                </transactionShares>                <transactionPricePerShare>                    <value>1.51</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>7279</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>                <footnoteId id="F1"/>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3000</value>                </transactionShares>                <transactionPricePerShare>                    <value>22.79</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>4279</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>4500</value>                </transactionShares>                <transactionPricePerShare>                    <value>3.73</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>8779</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>                <footnoteId id="F1"/>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>4500</value>                </transactionShares>                <transactionPricePerShare>                    <value>22.79</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>4279</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <derivativeTable>        <derivativeTransaction>            <securityTitle>                <value>Incentive Stock Option (right to buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>1.51</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>3000</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <value>2000-02-23</value>                <footnoteId id="F2"/>            </exerciseDate>            <expirationDate>                <value>2009-02-23</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>3000</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>0</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>        <derivativeTransaction>            <securityTitle>                <value>Non-Qualified Stock Option (right to buy)</value>            </securityTitle>            <conversionOrExercisePrice>                <value>3.73</value>            </conversionOrExercisePrice>            <transactionDate>                <value>2005-04-08</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>M</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>4500</value>                </transactionShares>                <transactionPricePerShare>                    <value>0</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <exerciseDate>                <value>2001-02-24</value>                <footnoteId id="F2"/>            </exerciseDate>            <expirationDate>                <value>2010-02-24</value>            </expirationDate>            <underlyingSecurity>                <underlyingSecurityTitle>                    <value>Common Stock</value>                </underlyingSecurityTitle>                <underlyingSecurityShares>                    <value>4500</value>                </underlyingSecurityShares>            </underlyingSecurity>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>8471</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </derivativeTransaction>    </derivativeTable>    <footnotes>        <footnote id="F1">The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2004.</footnote>        <footnote id="F2">The option vests 25% one year after the date of grant and 6.25% at the end of each quarter thereafter.</footnote>    </footnotes>    <ownerSignature>        <signatureName>Christopher J. Kearns, Atty-in-Fact</signatureName>        <signatureDate>2005-04-11</signatureDate>    </ownerSignature></ownershipDocument>