-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EKqo6NkYc5WljdzUwmMPaTeXCR8hpBZPUPowQ9hQ2Xve9i9D3NgwND0P/yiHoirU
 T5zFngjwN5gEPa1T+yQ3rQ==

<SEC-DOCUMENT>0000911420-07-000528.txt : 20070703
<SEC-HEADER>0000911420-07-000528.hdr.sgml : 20070703
<ACCEPTANCE-DATETIME>20070703193859
ACCESSION NUMBER:		0000911420-07-000528
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070629
FILED AS OF DATE:		20070703
DATE AS OF CHANGE:		20070703

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANS WORLD CORP
		CENTRAL INDEX KEY:			0000914577
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
		IRS NUMBER:				133738518
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129833355

	MAIL ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANS WORLD GAMING CORP
		DATE OF NAME CHANGE:	19941027

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD CAPITAL INC
		CENTRAL INDEX KEY:			0001251567
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		07962938

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2129600814

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD
		CENTRAL INDEX KEY:			0001030806

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		07962939

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHANNEL PARTNERSHIP II L P
		CENTRAL INDEX KEY:			0001273617
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		07962940

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600278

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p238459658_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-06-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000914577</issuerCik>
        <issuerName>TRANS WORLD CORP</issuerName>
        <issuerTradingSymbol>TWOC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001273617</rptOwnerCik>
            <rptOwnerName>CHANNEL PARTNERSHIP II L P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVENUE SUITE 509</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001030806</rptOwnerCik>
            <rptOwnerName>WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVE</rptOwnerStreet1>
            <rptOwnerStreet2>STE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001251567</rptOwnerCik>
            <rptOwnerName>WYNNEFIELD CAPITAL INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2007-06-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7300</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.45</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>889653</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On the date hereof, Channel Partnership II, LP (the &quot;Reporting Person&quot;) directly beneficially owns 7,300 shares of common
 stock, $0.001 par value per share (&quot;Common Stock&quot;) of Trans World Corp. [TWOC].  Nelson Obus, as the sole general partner of
 Channel Partnership II, LP has an indirect beneficial ownership interest in the shares of Common Stock that Channel
 Partnership II, LP directly beneficially owns.</footnote>
        <footnote id="F2">On the date hereof, the Reporting Person has an indirect beneficial ownership interest in 882,353 shares of Common Stock,
 which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd. as members of a group under Section
 13(d) of the Securities Exchange Act of 1934, as amended.  Wynnefield Small Cap Value Offshore Fund, Ltd., which maintains
 offices at the same address as the Reporting Person, is filing this Form jointly with the Reporting Person.  Wynnefield
 Capital, Inc. as the sole investment manager of Wynnefield Small Cap Value Offshore Fund, Ltd., has an indirect beneficial
 ownership interest in the shares of Common Stock that Wynnefield Small Cap Value Offshore Fund, Ltd. directly beneficially
 owns.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>CHANNEL PARTNERSHIP II, LP   /s/  Nelson Obus      Nelson Obus, General Partner</signatureName>
        <signatureDate>2007-07-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD   By: Wynnefield Capital, Inc.   /s/  Nelson Obus   Nelson Obus, President</signatureName>
        <signatureDate>2007-07-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD CAPITAL, INC.    /s/ Nelson Obus     Nelson Obus, President</signatureName>
        <signatureDate>2007-07-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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