X0101 3 2003-06-26 0 0000914577 TRANS WORLD CORP twcp 0001094988 RAVICH JESS M 0 0 1 0 0001131265 RAVICH REVOCABLE TRUST OF 1989 0 0 1 0 Common Stock 84387942 I See Footnote 2 Prior to June 26, 2003, the Ravich Revocable Trust of 1989 ("Ravich Revocable Trust") held 180,313 shares of common stock of Trans World Corporation ("TWC"). On June 26, 2003, the Ravich Revocable Trust exchanged $3,430,000 in principal amount of debt of TWC for 84,207,629 shares of common stock of such company. This Form 3 is filed on behalf of the Ravich Revocable Trust, a revocable trust for which Jess M. Ravich serves as trustee, and Jess M. Ravich. /S/ Jess M. Ravich 2003-07-03 /S/ Jess M. Ravich, as trustee of the Ravich Revocable Trust of 1989 2003-07-03