-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001189931-03-000001.txt : 20030123
<SEC-HEADER>0001189931-03-000001.hdr.sgml : 20030123
<ACCEPTANCE-DATETIME>20030123163937
ACCESSION NUMBER:		0001189931-03-000001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030121
FILED AS OF DATE:		20030123

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEEGAN PETER W
		CENTRAL INDEX KEY:			0001189931
		RELATIONSHIP:				OFFICER

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		677 MADISON AVE.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021

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:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06541
		FILM NUMBER:		03522663

	BUSINESS ADDRESS:	
		STREET 1:		667 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021-8087
		BUSINESS PHONE:		212-521-2000

	MAIL ADDRESS:	
		STREET 1:		667 MADISON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021-8087
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>pwk.txt
<DESCRIPTION>FORM 4 - PETER W. KEEGAN
<TEXT>
<TABLE>
<CAPTION>
<s>
- --------                               UNITED STATES SECURITIES AND EXCHANGE COMMISSION             |-------------------------- |
|FORM 4|                                          Washington, D.C.  20549                           |        OMB APPROVAL       |
- --------                                                                                            |---------------------------|
[ ]Check this box if no longer                                                                      | OMB Number:      3235-0287|
subject to Section 16. Form 4 or                                                                    | Expires:  January 31, 2005|
Form 5 obligations may continue.                                                                    | Estimated average burden  |
See Instruction 1(b).                                                                               | hours per response . . 0.5|
                                                                                                    |---------------------------|

                           Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
                               Section 17(a) of the Public Utility Holding Company Act of 1935
                                   or Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)
<c>                              <c>                        <c>                 <c>
- --------------------------------------------------------------------------------------------------------------------------------|
|1. Name and Address of Report-  |2. Issuer Name and Ticker or Trading Symbol  |6. Relationship of Reporting Person(s) to       |
|    ing Person*                 |                                             |    Issuer (Check all applicable)               |
|                                |                                             |                                                |
| Keegan     Peter         W.    | Loews Corporation (LTR, CG)                 |          Director                     10% Owner|
|--------------------------------|---------------------------------------------|    -----                        -----          |
|  (Last)   (First)     (Middle) |3. I.R.S. Identification  |4. Statement for  |      X   Officer (give title          Other    |
|                                |   Number of Reporting    |   Month/Day/     |    ----- below)                 ----- (specify |
|                                |   Person, if an entity   |   Year           |                                       below)   |
|                                |   (Voluntary)            |                  |          Sr. Vice President                    |
| 667 Madison Avenue             |                          |   1/21/03        |          ------------------                    |
|--------------------------------|                          |-------------------------------------------------------------------|
|          (Street)              |                          |5. If Amendment,  |7. Individual or Joint/Group Filing (Check      |
|                                |                          |   Date of        |   Applicable Line)                             |
|                                |                          |   Original       |      X  Form filed by One Reporting Person     |
|                                |                          |   (Month/Day/    |   -----                                        |
|                                |                          |    Year)         |         Form filed by More than One Reporting  |
| New York      NY    10021-8087 |                          |                  |   ----- Person                                 |
|--------------------------------|--------------------------|------------------|------------------------------------------------|
|  (City)    (State)     (Zip)   |   Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned           |
|                                |                                                                                              |
|-------------------------------------------------------------------------------------------------------------------------------|
|1. Title of Security            |2. Trans-  |2A. Deemed    |3. Trans-|4. Securities      |5. Amount  |6. Owner-  |7. Nature of |
|                                |   action  |    Execution |   action|   Acquired (A)    |   of      |   ship    |   Indirect  |
|                                |   Date    |    Date, if  |   Code  |   or Disposed of  |   Secur-  |   Form:   |   Beneficial|
|                                |           |    any       |         |   (D)             |   ities   |   Direct  |   Owner-    |
|                                |           |    (Month/   |         |                   |   Benefi- |   (D) or  |   ship      |
|                                |           |     Day/     |         |                   |   cially  |   Indirect|             |
|                                |           |     Year)    |         |                   |   Owned   |   (I)     |             |
|                                |           |              |         |                   |   Follow- |           |             |
|                                |  (Month/  |              |         |                   |   ing     |           |             |
|                                |   Day/    |              |         |                   |   Reported|           |             |
|                                |   Year)   |              |---------|-------------------|   Trans-  |           |             |
|                                |           |              |     |   |      |(A) or|     |   action  |           |             |
|                                |           |              | Code| V |Amount|(D)   |Price|   (s)     |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
                                                                                                                    Page 1 of 2

|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|                                |           |              |     |   |      |      |     |           |           |             |
|--------------------------------|-----------|--------------|-----|---|------|------|-----|-----------|-----------|-------------|

                                                                                                                  SEC 1474 (3-00)
                                                                                                                     Page 2 of 2
</TABLE>



<TABLE>
<CAPTION>

<s>
FORM 4 (continued)            Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                     (e.g., puts, calls, warrants, options, convertible securities)

 <c>       <c>      <c>     <c>       <c>               <c>               <c>          <c>       <c>       <c>        <c>
 1.        2.       3.      4.        5.                6.                7.           8.        9.        10.        11.
|-------------------------------------------------------------------------------------------------------------------------------|
|Title of |Conver- |Trans- |Trans-   |Number of        |Date             |Title and      |Price of |Number   |Owner- |Nature of |
|Deriva-  |sion or |action |action   |Derivative       |Exercisable and  |Amount of      |Deriva-  |of       |ship   |Indirect  |
|tive Sec-|Exercise|Date   |Code     |Securities       |Expiration       |Underlying     |tive     |deriva-  |Form of|Beneficial|
|urity    |Price of|(Month/|         |Acquired         |Date             |Securities     |Security |tive     |Deriv- |Ownership |
|         |Deri-   | Day/  |         |(A) or           |(Month/Day/      |               |         |Secur-   |ative  |          |
|         |vative  | Year) |         |Disposed         | Year)           |               |         |ities    |Secur- |          |
|         |Security|       |         |of (D)           |                 |               |         |Bene-    |ity:   |          |
|         |        |       |         |                 |                 |               |         |ficially |Direct |          |
|         |        |       |         |                 |                 |               |         |Owned    |(D)    |          |
|         |        |       |         |                 |-----------------|---------------|         |follow-  |In-    |          |
|         |        |       |         |                 |        |        |        |Amount|         |ing      |direct |          |
|         |        |       |         |                 |        |        |        |or    |         |Reported |(I)    |          |
|         |        |       |---------|-----------------|Date    |Expira- | Title  |Number|         |Trans-   |       |          |
|         |        |       |    |    |        |        |Exercis-|tion    |        |of    |         |action   |       |          |
|         |        |       |Code| V  |   (A)  |   (D)  |able    |Date    |        |Shares|         |(s)      |       |          |
|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|Stock    |        |       |    |    |        |        |        |        |Common  |      |         |         |       |          |
|Option   |$59.13  |1/30/02| A  |    | 15,000 |        |  (1)   |1/30/12 |Stock   |15,000|  ---    | 15,000  |   D   |          |
|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|Stock    |        |       |    |    |        |        |        |        |Common  |      |         |         |       |          |
|Option   |$46.84  |1/21/03| A  |    | 15,000 |        |  (1)   |1/21/13 |Stock   |15,000|  ---    | 15,000  |   D   |          |
|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |
|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|
Explanation of Responses:

(1) The option becomes exercisable in four equal annual installments beginning
    on the first anniversary of the grant date specified in column 3.
                                                                                    /s/ Peter W. Keegan                  1/21/03
                                                                                    -------------------------------      --------
** Intentional misstatements or omissions of facts constitute Federal               **Signature of Reporting Person        Date
   Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                   Peter W. Keegan

Note:  File three copies of this Form, one of which must be manually
       signed. If space is insufficient, see Instruction 6 for procedure.
                                                                                                                           Page 2
</TABLE>

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