X0202 4 2007-08-21 0 0000914577 TRANS WORLD CORP TWOC 0001044321 MARXE AUSTIN W & GREENHOUSE DAVID M C/O SPECIAL SITUATIONS FUNDS 527 MADISON AVENUE, SUITE 2600 NEW YORK NY 10022 0 0 1 0 Common Stock 2007-08-21 4 P 0 695000 3.5 A 2081008 I By Limited Partnerships This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Cayman Fund, L.P. (Cayman) and Special Situations Private Equity Fund, LP (PE), respectively. 888,100 shares of Common Stock are held by Cayman and 1,192,908 shares of Common Stock are held by PE. The interest of Marxe and Greenhouse in the shares of Common Stock owned by Cayman and PE is limited to the extent of his pecuniary interest. Austin W. Marxe 2007-08-23 David M. Greenhouse 2007-08-23