SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): January 16, 2003

                              AOL TIME WARNER INC.

             (Exact name of registrant as specified in its charter)


             Delaware                     1-15062                13-4099534
           ----------------------------------------------------------------
        (State or other jurisdiction   (Commission             (I.R.S. Employer
           of incorporation)            File Number)         Identification No.)


                 75 Rockefeller Plaza, New York, New York 10019
                 ----------------------------------------------
               (Address of principal executive offices) (zip code)


                                  212 484-8000
                                  ------------
              (Registrant's telephone number, including area code)


                                 Not Applicable
                                 --------------
         (Former Name or former address, if changed since last report)



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Item. 5.  Other Events.

On January 16, 2003, AOL Time Warner Inc. ("AOLTW")  announced that its Board of
Directors  had  decided to combine  the  positions  of Chairman of the Board and
Chief  Executive  Officer and  unanimously  elected  Richard Parsons to the post
effective at its annual meeting of  stockholders  to be held in May 2003. A copy
of the press release is attached as Exhibit 99.1 to this report.

Item 7. Exhibits.

Exhibit                    Description
-------                    -----------

99.1                       Press release issued January 16, 2003 by AOLTW.













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                                    SIGNATURE

     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 hereunto duly authorized.

                                             AOL TIME WARNER INC.


                                             By:      /s/ Wayne H. Pace
                                                --------------------------------
                                              Name: Wayne H. Pace
                                             Title: Executive Vice President and
                                                     Chief Financial Officer

Date:      January 23, 2003




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                                 EXHIBIT INDEX


Exhibit           Description
-------           -----------

99.1              Press release issued January 16, 2003 by AOLTW.