LOEWS CORP — Director's Dealing 2005

Aug 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (LTR;CG)
CIK: 0000060086
Period of Report: 2005-08-22

Reporting Person: REBELL ARTHUR L (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-22	Common Stock	M	5000	$46.71	Acquired	5000	Direct
2005-08-22	Common Stock	S	400	$88.48	Disposed	4600	Direct
2005-08-22	Common Stock	S	2700	$88.35	Disposed	1900	Direct
2005-08-22	Common Stock	S	1900	$88.34	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-22	Stock Option	$46.71	M	5000	Disposed	2011-01-24	Common Stock (5000)	Direct

Footnotes

F1: The option became exercisable in four equal annual installments beginning on January 24, 2002.

F2: The Reporting Person received the Derivative Security pursuant to a stock option grant at no cost.