~~- --------                               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)~~
                                                                       
~~- --------------------------------------------------------------------------------------------------------------------------------|~~
~~|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)               |~~
~~|                                |                                             |                                                |~~
~~|  Noha     Edward          J.   |  Loews Corporation (LTR)                    |      X   Director                     10% Owner|~~
~~|--------------------------------|---------------------------------------------|    -----                        -----          |~~
~~|  (Last)   (First)     (Middle) |3. I.R.S. Identification  |4. Statement for  |                                                |~~
~~|                                |   Number of Reporting    |   Month/Day/     |          Officer (give title          Other    |~~
~~|                                |   Person, if an entity   |   Year           |    ----- below)                 ----- (specify |~~
~~|                                |   (Voluntary)            |                  |                                       below)   |~~
~~|  CNA Plaza                     |                          |   3/31/03        |             ---------------------              |~~
~~|--------------------------------|                          |-------------------------------------------------------------------|~~
~~|          (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  |~~
~~|  Chicago    IL         60685   |                          |                  |   ----- 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~~

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

 ~~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   | $41.33 |3/31/03| A  |    |   400  |        |3/31/03 |3/31/13 |Stock   |  400 |  ---    |    400  |   D   |          |~~
~~|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|         |        |       |    |    |        |        |        |        |        |      |         |         |       |          |~~
~~|---------|--------|-------|----|----|--------|--------|--------|--------|--------|------|---------|---------|-------|----------|~~

~~Explanation of Responses:~~

                                                                                    ~~/s/ Edward J. Noha                    4/1/03~~
                                                                                    ~~-------------------------------      --------~~
~~** 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).                   Edward J. Noha~~

~~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~~