-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001036329-02-000030.txt : 20021220
<SEC-HEADER>0001036329-02-000030.hdr.sgml : 20021220
<ACCEPTANCE-DATETIME>20021220163915
ACCESSION NUMBER:		0001036329-02-000030
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20021220

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOEWS CORP
		CENTRAL INDEX KEY:			0000060086
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				132646102
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-30354
		FILM NUMBER:		02865345

	BUSINESS ADDRESS:	
		STREET 1:		667 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021-8087
		BUSINESS PHONE:		2125452000

	MAIL ADDRESS:	
		STREET 1:		667 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021-8087

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROSS FINANCIAL CORP
		CENTRAL INDEX KEY:			0001036329
		IRS NUMBER:				980138450
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 31363 SMB
		STREET 2:		MIRCO COMMERCE CENTRE
		CITY:			CAYMAN ISLANDS
		BUSINESS PHONE:		3459497950

	MAIL ADDRESS:	
		STREET 1:		PO BOX 31363 SMB
		STREET 2:		MIRCO COMMERCE CENTRE
		CITY:			CAYMAN ISLANDS
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>cg13g.txt
<TEXT>
				UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                          SCHEDULE 13G
            Under the Securities Exchange Act of 1934
                        (Amendment No.)*

                       LOEWS CORPORATION
- ------------------------------------------------------------------
                          (Name of Issuer)

               CAROLINA GROUP STOCK, $0.01 PAR VALUE PER SHARE
- ------------------------------------------------------------------
                   (Title of Class of Securities)

                            540424207
                          --------------
                          (CUSIP Number)

                         December 11, 2002
- ------------------------------------------------------------------
     (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

     [ ]  Rule 13d-1(b)
     [X]  Rule 13d-1(c)
     [ ]  Rule 13d-1(d)

     *The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

     The information required on the remainder of this cover page
shall not be deemed "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).


- ------------------------------------------------------------------
1.  NAME OF REPORTING PERSON
    S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON

    ROSS FINANCIAL CORPORATION
- ------------------------------------------------------------------
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a)  [ ]
                                                        (b)  [ ]
- ------------------------------------------------------------------
3.  SEC USE ONLY
- ------------------------------------------------------------------
                           Page 1 of 3 Pages
- -------------------                              -----------------
CUSIP No. 540424207                             Page 2 of 3 Pages
- -------------------                              -----------------
- ------------------------------------------------------------------
4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    CAYMAN ISLANDS
- ------------------------------------------------------------------
 NUMBER OF   | 5. SOLE VOTING POWER                 2,218,300
  SHARES     |----------------------------------------------------
BENEFICIALLY | 6. SHARED VOTING POWER                  -0-
  OWNED BY   |----------------------------------------------------
   EACH      | 7. SOLE DISPOSITIVE POWER            2,218,300
 REPORTING   |----------------------------------------------------
  PERSON     | 8. SHARED DISPOSITIVE POWER             -0-
   WITH      |
- ------------------------------------------------------------------
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

			2,218,300 shares

- ------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)              [ ]
    EXCLUDES CERTAIN SHARES*
- ------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

		5.5583%
- ------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
    IN-CORPORATION
- ------------------------------------------------------------------


ITEM 1(a).     NAME OF ISSUER:

               LOEWS CORPORATION

ITEM 1(b).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

               667 MADISON AVENUE
               NEW YORK, NY 10021-8087



ITEM 2(a).     NAME OF PERSON FILING:  ROSS FINANCIAL CORPORATION

ITEM 2(b).     ADDRESS OF PRINCIPAL OFFICE:

               P.O. Box 31363-SMB
               Grand Cayman, Cayman Islands, B.W.I.

ITEM 2(c).     CITIZENSHIP:  Grand Cayman, Cayman Islands, B.W.I.

ITEM 2(d).     TITLE OF CLASS OF SECURITIES:  CAROLINA GROUP STOCK

ITEM 2(e).     CUSIP NUMBER:  540424207

- -------------------                              -----------------
CUSIP No. 540424207                              Page 3 of 3 Pages
- -------------------                              -----------------
ITEM 3.        Not Applicable.

ITEM 4.        OWNERSHIP

(a) Amount Beneficially Owned:  2,218,300
(b) Percent of Class:   5.5583%
     (c)       Number of shares as to which the person has:

          (i)   Sole power to vote or to direct the vote:
                2,218,300
          (ii)  Shared power to vote or to direct the vote: -0-
          (iii) Sole power to dispose of to direct the disposition
                of:  2,218,300
          (iv)  Shared power to dispose of or to direct the
                disposition of:  -0-


ITEM 5.   OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS:  	[]
          NOT APPLICABLE
ITEM 6.   OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER
          PERSON:  Not Applicable.

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
          HOLDING COMPANY OR CONTROL PERSON.  Not applicable

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
          GROUP.  Not applicable.

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP.  Not applicable.

ITEM 10.  CERTIFICATION.

     By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

          SIGNATURE.

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.


ROSS FINANCIAL CORPORATION
BY:      KENNETH B. DART, President
         December 20, 2002


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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