X0201 42003-11-24 0001105705 TIME WARNER INC TWX 0001217595 GILBURNE MILES R 75 ROCKEFELLER PLAZA NEW YORK NY 10019 1000Common Stock, par value $.012003-11-244M010000.85A265149DCommon Stock, par value $.012003-11-244S020015.69D264949DCommon Stock, par value $.012003-11-244S0230015.70D262649DCommon Stock, par value $.012003-11-244S0750015.83D255149DEmployee Stock Option (right to buy).852003-11-244M0100000D1996-01-312005-01-31Common Stock, par value $.0110000679053DThe transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person as of August 19, 2003.This option is currently exercisable.Susan A. Waxenberg for Miles R. Gilburne2003-11-25