LOEWS CORP — Director's Dealing 2008

Aug 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2008-07-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-30	Common Stock	M	11250	$17.36	Acquired	11250	Direct
2008-07-30	Common Stock	M	11250	$19.61	Acquired	22500	Direct
2008-07-30	Common Stock	M	11250	$20.06	Acquired	33750	Direct
2008-07-30	Common Stock	M	11250	$19.43	Acquired	45000	Direct
2008-07-30	Common Stock	S	45000	$45.06	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-30	Stock Option	$17.36	M	11250	Disposed	2014-01-16	Common Stock (11250)	Direct
2008-07-30	Stock Option	$19.61	M	11250	Disposed	2014-01-16	Common Stock (11250)	Direct
2008-07-30	Stock Option	$20.06	M	11250	Disposed	2014-01-16	Common Stock (11250)	Direct
2008-07-30	Stock Option	$19.43	M	11250	Disposed	2014-01-16	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $44.78 and $45.30. The Reporting Person, upon request by the Commission staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities sold at each separate price.

F2: The option became exercisable in four equal annual installments beginning on January 16, 2005.

F3: The Reporting Person received the Derivative Security pursuant to a stock option grant at no cost.