<SUBMISSION>
<ACCESSION-NUMBER>0000850090-01-500005
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20011103
<FILING-DATE>20011214
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ANNTAYLOR INC
<CIK>0000850090
<ASSIGNED-SIC>5621
<IRS-NUMBER>510297083
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0128
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>001-11980
<FILM-NUMBER>1813450
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>142 W 57TH ST
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
<PHONE>2125413300
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>atinc01q3.txt
<DESCRIPTION>ANNTAYLOR, INC. FORM 10-Q
<TEXT>

-------------------------------------------------------------------
-------------------------------------------------------------------



                           UNITED STATES
                           -------------
                SECURITIES AND EXCHANGE COMMISSION
                ----------------------------------
                      WASHINGTON, D.C. 20549
                      ----------------------

                             FORM 10-Q
                             ---------

(Mark One)
|X|   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
---   -------------------------------------------------------
      SECURITIES EXCHANGE ACT OF 1934
      -------------------------------

       FOR THE QUARTERLY PERIOD ENDED NOVEMBER 3, 2001

                                OR

| |   TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE
---   ----------  ------  --------  --  -------  ------------------

      SECURITIES EXCHANGE ACT OF 1934
      -------------------------------


                  Commission file number 1-11980


                        ANNTAYLOR, INC.
      ------------------------------------------------------
      (Exact name of registrant as specified in its charter)


       DELAWARE                                         51-0297083
--------------------------------        ----------------------------------------
(State or other jurisdiction of         (I.R.S. Employer Identification Number)
incorporation or organization)



   142 WEST 57TH STREET, NEW YORK, NY                          10019
   ----------------------------------                          -----
(Address of principal executive offices)                     (Zip Code)


                              (212) 541-3300
                              --------------
          (Registrant's telephone number, including area code)


      Indicate  by check mark  whether  registrant  (1) has filed all
reports  required  to  be  filed  by  Section  13  or  15(d)  of  the
Securities  Exchange  Act of 1934 during the  preceding 12 months (or
for such  shorter  period that the  registrant  was  required to file
such reports),  and (2) has been subject to such filing  requirements
for the past 90 days. Yes  |X|    No [  ].

      Indicate  the  number  of  shares  outstanding  of  each of the
issuer's classes of common stock, as of the latest practicable date.

                                            Outstanding as of
        Class                               November 30, 2001
        -----                               -----------------
  COMMON STOCK, $1.00 PAR VALUE                     1


The registrant meets the conditions set forth in General Instruction
H(1)(a) and (b) of Form 10-Q and is therefore filing this form
with the reduced disclosure format.

---------------------------------------------------------------------
---------------------------------------------------------------------


================================================================================
<PAGE>



                          INDEX TO FORM 10-Q







                                                                  PAGE NO.
                                                                  --------
   PART I. FINANCIAL INFORMATION
   -----------------------------

      Item 1.Financial Statements

             Condensed Consolidated Statements of Operations
               for the Quarters and Nine Months Ended
               November 3, 2001 and October 28, 2000.................. 3
             Condensed Consolidated Balance Sheets at
               November 3, 2001 and February 3, 2001.................. 4
             Condensed Consolidated Statements of Cash Flows
               for the Nine Months Ended November 3, 2001 and
               October 28, 2000....................................... 5
             Notes to Condensed Consolidated Financial Statements..... 6

      Item 2.Management's Discussion and Analysis of Financial
               Condition and Results of Operations.................... 8


   PART II.OTHER INFORMATION
   -------------------------

      Item 6.Exhibits and Reports on Form 8-K.........................10


================================================================================
<PAGE>3

                   PART I. FINANCIAL INFORMATION
                   -----------------------------


ITEM 1.    FINANCIAL STATEMENTS




                          ANNTAYLOR, INC.
                          ---------------
          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
          -----------------------------------------------
    FOR THE QUARTERS AND NINE MONTHS ENDED NOVEMBER 3, 2001 AND
                         OCTOBER 28, 2000
                            (unaudited)

                                        QUARTERS ENDED      NINE MONTHS ENDED
                                      -------------------   -------------------
                                      NOV. 3,    OCT. 28,   NOV. 3,    OCT. 28,
                                        2001       2000      2001       2000
                                      -------    -------    -------    -------
                                                 (in thousands)

Net sales ........................   $310,804   $305,876   $928,187   $889,196
Cost of sales ....................    142,929    135,438    448,657    426,354
                                      -------    -------    -------    -------

Gross profit .....................    167,875    170,438    479,530    462,842
Selling, general and
   administrative expenses            142,212    125,143    413,763    365,308
Amortization of goodwill .........      2,760      2,760      8,280      8,280
                                      -------    -------    -------    -------
Operating income .................     22,903     42,535     57,487     89,254
Interest income ..................        242        464      1,100      1,734
Interest expense .................      1,516      1,899      5,015      5,525
                                      -------    -------    -------    -------
Income before income taxes .......     21,629     41,100     53,572     85,463
Income tax provision .............      9,535     17,223     24,135     36,878
                                      -------    -------    -------    -------
    Net income ...................   $ 12,094   $ 23,877   $ 29,437   $ 48,585
                                      =======    =======    =======    =======




     SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL
                              STATEMENTS.


                                      -3-
================================================================================
<PAGE>4

                            ANNTAYLOR, INC.
                            ---------------
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                 -------------------------------------
                   NOVEMBER 3, 2001 AND FEBRUARY 3, 2001
                                 (unaudited)


                                                          NOV. 3,  FEBRUARY 3,
                                                           2001       2001
                                                         --------   --------
                       ASSETS                              (in thousands)
Current assets
  Cash and cash equivalents ..........................   $  3,649   $ 31,962
  Accounts receivable, net ...........................     70,752     57,989
  Merchandise inventories ............................    224,810    170,631
  Prepaid expenses and other current assets ..........     54,481     53,227
                                                         --------   --------
      Total current assets ...........................    353,692    313,809
Property and equipment, net ..........................    252,794    220,032
Goodwill, net ........................................    289,340    297,619
Deferred financing costs, net ........................      4,721      4,281
Other assets .........................................     18,250     12,374
                                                         --------   --------
      Total assets ...................................   $918,797   $848,115
                                                         ========   ========


               LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities
  Accounts payable ...................................   $ 72,300   $ 65,903
  Accrued salaries and bonus .........................     10,798     12,960
  Accrued tenancy ....................................     10,959      9,800
  Gift certificates and merchandise credits redeemable     14,936     20,375
  Accrued expenses ...................................     49,623     30,604
  Current portion of long-term debt ..................     15,731      1,400
                                                         --------   --------
      Total current liabilities ......................    174,347    141,042

Note Payable to ATSC .................................    117,387    114,960
Other long-term debt .................................        129      1,250

Deferred lease costs and other liabilities ...........     16,456     16,834

Stockholder's equity
  Common stock, $1.00 par value;
      1,000 shares authorized;
      1 share issued and outstanding .................          1          1
  Additional paid-in capital .........................    390,211    383,199
  Retained earnings ..................................    220,266    190,829
                                                         --------   --------
      Total stockholder's equity .....................    610,478    574,029
                                                         --------   --------
      Total liabilities and stockholder's equity .....   $918,797   $848,115
                                                         ========   ========





       SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL
                              STATEMENTS.

                                      -4-

================================================================================
<PAGE>5

                       ANNTAYLOR, INC.
                       ---------------
       CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
       -----------------------------------------------
  FOR THE NINE MONTHS ENDED NOVEMBER 3, 2001 AND OCTOBER 28,2000
                         (unaudited)

                                                       NINE MONTHS ENDED
                                                     ------------------------
                                                     NOVEMBER 3,  OCTOBER 28,
                                                         2001        2000
                                                       -------     -------
                                                          (in thousands)

Operating activities:
  Net income ......................................   $ 29,437    $ 48,585
  Adjustments to reconcile net income
   to net cash provided by
   operating activities:
    Provision for loss on accounts receivable .....      1,087         852
    Depreciation and amortization .................     31,330      25,035
    Amortization of goodwill ......................      8,280       8,280
    Non-cash interest .............................      3,021       3,179
    Amortization of deferred compensation .........        998       1,160
    Deferred income taxes .........................      2,025      (2,189)
    Loss on disposal of property and equipment ....      1,502       1,791
    Changes in assets and liabilities:
      Receivables .................................    (13,850)    (13,457)
      Merchandise inventories .....................    (54,179)    (74,893)
      Prepaid expenses and other current assets ...     (2,192)      9,871
      Accounts payable ............................      6,397      20,232
      Accrued expenses ............................     12,577      21,385
      Other non-current assets and liabilities, net     (7,350)     (2,095)
                                                       -------     -------
  Net cash provided by operating activities .......     19,083      47,736
                                                       -------     -------
Investing activities:
  Purchases of property and equipment .............    (65,586)    (64,810)
                                                       -------     -------
  Net cash used by investing activities ...........    (65,586)    (64,810)
                                                       -------     -------
Financing activities:
  Net borrowings under revolving credit facility ..     14,250         ---
  Payment of deferred financing costs .............     (1,033)        (45)
  Payments on mortgage ............................     (1,040)       (965)
  Parent company activity .........................      6,013       2,232
                                                       -------     -------
  Net cash provided by financing activities .......     18,190       1,222
                                                       -------     -------
Net decrease in cash ..............................    (28,313)    (15,852)
Cash and cash equivalents, beginning of period ....     31,962      35,081
                                                       -------     -------
Cash and cash equivalents, end of period ..........   $  3,649    $ 19,229
                                                      ========    ========
Supplemental Disclosures of Cash Flow Information:
  Cash paid during the period for interest ........   $  1,522    $  1,563
                                                      ========    ========
  Cash paid during the period for income taxes ....   $ 11,984    $ 28,968
                                                      ========    ========



  SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS.



                                      -5-
================================================================================
<PAGE>6

                          ANNTAYLOR, INC.
                          ---------------
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
       ----------------------------------------------------
                            (unaudited)




1.  BASIS OF PRESENTATION
    ---------------------

    The condensed  consolidated  financial statements of AnnTaylor,
Inc.  (the   "Company")  are  unaudited  but,  in  the  opinion  of
management,   contain  all  adjustments  (which  are  of  a  normal
recurring   nature)  necessary  to  present  fairly  the  financial
position,  results of  operations  and cash  flows for the  periods
presented.    All    significant    intercompany    accounts    and
transactions have been eliminated.

    The results of  operations  for the Fiscal 2001 interim  period
shown in this report are not  necessarily  indicative of results to
be expected for the fiscal year.

    The  February  3, 2001  condensed  consolidated  balance  sheet
amounts   have   been   derived   from   the   previously   audited
consolidated balance sheet of the Company.

    Certain Fiscal 2000 amounts have been  reclassified  to conform
to the Fiscal 2001 presentation.

    Detailed footnote  information is not included for the quarters
ended  November  3,  2001  and  October  28,  2000.  The  financial
information  set forth herein  should be read in  conjunction  with
the  Notes  to  the  Company's  Consolidated  Financial  Statements
contained in the Company's 2000 Annual Report on Form 10-K.



2.  LONG-TERM DEBT
    --------------

    The  following   summarizes   long-term  debt   outstanding  at
November 3, 2001:

                                                   (in thousands)

      Note Payable to ATSC .........................   $117,387
                                                       --------
      Mortgage .....................................      1,610
      Net borrowings under revolving credit facility     14,250
                                                       --------
         Subtotal ..................................     15,860
      Less current portion .........................     15,731
                                                       --------
      Mortgage, long-term ..........................        129
                                                       --------
         Total long-term debt ......................   $117,516
                                                       ========

                                      -6-
================================================================================
<PAGE>7

                          ANNTAYLOR, INC.
                          ---------------
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
       ----------------------------------------------------
                            (unaudited)


3.  RECENT ACCOUNTING PRONOUNCEMENTS
    --------------------------------

    In  July  2001,  the  Financial   Accounting   Standards  Board
("FASB")  issued  Statement  of  Financial   Accounting   Standards
("SFAS") 141, "Business Combinations",  and SFAS 142, "Goodwill and
Other  Intangible  Assets".  SFAS 141  requires  that the  purchase
method  of  accounting  be  used  for  all  business   combinations
completed  after  June 30,  2001 and  clarifies  the  criteria  for
recognition  of  intangible   assets   separately   from  goodwill.
Management  does not  believe  that the  adoption  of SFAS 141 will
have an impact on the  Company's  consolidated  financial  position
or  consolidated  results of  operations.  SFAS 142  requires  that
ratable  amortization  of goodwill be replaced with periodic  tests
of the goodwill's  impairment  and that  intangible  assets,  other
than goodwill,  which have  determinable  useful lives be amortized
over  that  period.   SFAS  142  is  effective   for  fiscal  years
beginning  after  December  15, 2001.  Management  intends to adopt
SFAS  142  in  Fiscal  2002,   and  estimates   that  it  will  add
approximately $11,000,000 annually to net income.

    In August 2001, the FASB issued SFAS 144,  "Accounting  for the
Impairment  or Disposal of Long-Lived  Assets" which  addresses the
conditions  under  which an  impairment  charge  should be recorded
related to long-lived assets,  other than goodwill,  to be held and
used,  as well as those  to be  disposed  of by sale or  otherwise.
SFAS 144 is effective  for fiscal years  beginning  after  December
15,  2001.  Management  is  currently  assessing,  but  has not yet
determined,  the impact the  adoption  of SFAS 144 will have on the
Company's  consolidated  financial position or consolidated results
of operations.

                                      -7-
================================================================================
<PAGE>8

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS


RESULTS OF OPERATIONS


                                      NINE MONTHS ENDED
                                      -----------------
                                    NOVEMBER 3, OCTOBER 28,
                                        2001        2000
                                        ----        ----
Number of Stores:
   Open at beginning of period ......   478         405
   Opened during period .............    58          67
   Expanded during period*  .........     6           3
   Closed during period .............     4           5
   Open at end of period ............   532         467
Type of Stores Open at End of Period:
   Ann Taylor stores ................   341         331
   Ann Taylor Loft stores ...........   178         123
   Ann Taylor Factory Stores ........    13          13

---------------
* Expanded  stores are  excluded  from  comparable  store sales for
  the first year following expansion.



NINE MONTHS  ENDED  NOVEMBER 3, 2001  COMPARED TO NINE MONTHS ENDED
OCTOBER 28, 2000

    The  Company's  net  sales in the first  nine  months of Fiscal
2001 increased to $928,187,000  from  $889,196,000,  an increase of
$38,991,000,  or 4.4%.  Comparable  store  sales for the first nine
months of Fiscal  2001  decreased  9.1%  compared to an increase of
1.0%  during  the same  period in  Fiscal  2000.  Comparable  store
sales by  division  were down 11.9  percent  for Ann  Taylor and up
2.0 percent for new concept  Ann Taylor  Loft.  The sales  increase
was  primarily  attributable  to the  opening of new stores and the
expansion of existing  stores offset,  in part, by the net decrease
in  comparable  store  sales.  Management  believes  that  the  net
decrease in  comparable  store  sales was,  in part,  the result of
customer  dissatisfaction  with  certain of the  Company's  product
offerings  and  merchandise  assortment  available  in  Ann  Taylor
stores  during the first  nine  months of Fiscal  2001.  An overall
reduction  in  client  spending  caused  by  the  current  economic
environment,  as well as the impact of the events of September  11,
2001, further contributed to the decrease.

    Gross  profit as a percentage  of net sales  decreased to 51.7%
in the first  nine  months of Fiscal  2001 from  52.0% in the first
nine months of Fiscal 2000.

                                      -8-
================================================================================
<PAGE>9


    Selling,  general and administrative expenses were 44.6% of net
sales in the first nine  months of Fiscal  2001,  compared to 40.1%
of net sales in the first nine months of Fiscal  2000,  excluding a
pre-tax  nonrecurring  charge of  approximately  $8,500,000 or 1.0%
of net sales,  in  connection  with an extensive  review  conducted
with  the  Company's   financial  and  legal  advisors  of  various
strategic  approaches to enhance  shareholder  value.  The increase
in selling,  general and  administrative  expenses as a  percentage
of net sales was primarily  attributable  to decreased  leverage on
fixed expenses  resulting from negative  comparable store sales and
increases   in  tenancy  and  Ann  Taylor  Loft  store   operations
expenses due to expansion.

    As a result of the foregoing,  the Company had operating income
of  $57,487,000,  or 6.2% of net sales, in the first nine months of
Fiscal  2001,  compared  to  operating  income,  after  taking into
account the nonrecurring  charge,  of $89,254,000,  or 10.0% of net
sales,  in the first nine months of Fiscal  2000.  Amortization  of
goodwill  was  $8,280,000  in  each of the  first  nine  months  of
Fiscal  2001 and Fiscal  2000.  Operating  income,  without  giving
effect to goodwill  amortization,  was $65,767,000,  or 7.1% of net
sales, in the Fiscal 2001 period and  $97,534,000,  or 11.0% of net
sales, in the Fiscal 2000 period.

    Interest  income was  $1,100,000  in the first  nine  months of
Fiscal  2001  compared  to  $1,734,000  in the first nine months of
Fiscal  2000.  The  decrease was  primarily  attributable  to lower
cash on hand  and  lower  interest  rates  during  the  first  nine
months  of  Fiscal  2001,  compared  to the  first  nine  months of
Fiscal 2000.

    Interest  expense  was  $5,015,000  in the first nine months of
Fiscal  2001  compared  to  $5,525,000  in the first nine months of
Fiscal  2000.  The  decrease  in  interest  expense  was  primarily
attributable  to  a  decrease  in  letter  of  credit  fees  and  a
reduction in  amortization  of deferred  financing  costs resulting
from the  Credit  Facility  entered  into in the first  quarter  of
Fiscal 2001.

    The income tax  provision was  $24,135,000,  or 45.1% of income
before  income  taxes,  in the  Fiscal  2001  period,  compared  to
$36,878,000,  or  43.2%  of  income  before  income  taxes,  in the
Fiscal  2000  period.  The  effective  income  tax  rate  for  both
periods  differed  from the  statutory  rate  primarily  because of
non-deductible goodwill amortization.

    As a result  of the  foregoing  factors,  the  Company  had net
income of  $29,437,000,  or 3.2% of net  sales,  for the first nine
months of Fiscal 2001,  compared to net income of  $48,585,000,  or
5.5% of net sales, for the first nine months of Fiscal 2000.

                                      -9-
================================================================================
<PAGE>10

                    PART II. OTHER INFORMATION
                    --------------------------



ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K


    (a)     Exhibits:

               None



    (b)     Reports on Form 8-K:

               None

                                      -10-
================================================================================
<PAGE>11

                          SIGNATURES
                          ----------



    Pursuant to the requirements of the Securities  Exchange Act of
1934,  the  registrant  has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                                    ANNTAYLOR, INC.



Date:     December 14, 2001         By: /s/J. Patrick Spainhour
      --------------------------        --------------------------
                                           J. Patrick Spainhour
                                           Chairman and Chief Executive
                                               Officer




Date:     December 14, 2001         By: /s/James M. Smith
      --------------------------        --------------------------
                                           James M. Smith
                                           Senior Vice President,
                                           Chief Financial Officer
                                            and Treasurer



                                      -11-

</TEXT>
</DOCUMENT>
</SUBMISSION>
