SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934




                                Loews Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   540424-10-8
      --------------------------------------------------------------------
                                 (CUSIP Number)

                                       N/A
      --------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

         Check the  appropriate box to designate the rule pursuant to which this
Schedule is filed:

         [   ] Rule 13d-1(b)

         [ X ] Rule 13d-1(c)

         [   ] Rule 13d-1(d)

         *The  remainder  of this cover page shall be filled out for a reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information  required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise  subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


                               Page 1 of 5 Pages


CUSIP NO.  540424-10-8

--------------------------------------------------------------------------------
  1     NAMES OF REPORTING PERSONS
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        WILMA S. TISCH
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  2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                        (A) |_|
                                                                        (B) |_|
--------------------------------------------------------------------------------
  3     SEC USE ONLY

--------------------------------------------------------------------------------
  4     CITIZENSHIP OR PLACE OF ORGANIZATION

        UNITED STATES
--------------------------------------------------------------------------------
                           5    SOLE VOTING POWER

                                10,784,321
       NUMBER OF           -----------------------------------------------------
         SHARES            6    SHARED VOTING POWER
      BENEFICIALLY
        OWNED BY           -----------------------------------------------------
          EACH             7    SOLE DISPOSITIVE POWER
       REPORTING
         PERSON                 10,784,321
          WITH             -----------------------------------------------------
                           8    SHARED DISPOSITIVE POWER

--------------------------------------------------------------------------------
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        10,784,321
--------------------------------------------------------------------------------
  10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
        (SEE INSTRUCTIONS)                                                   |_|
--------------------------------------------------------------------------------
  11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

        5.8%
--------------------------------------------------------------------------------
  12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

         IN
--------------------------------------------------------------------------------


                               Page 2 of 5 Pages



ITEM 1(a)         NAME OF ISSUER:

                  Loews Corporation (the "Issuer")

ITEM 1(b)         ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  667 Madison Avenue
                  New York, N.Y. 10021

ITEM 2(a)         NAME OF PERSON FILING:

                  Wilma S. Tisch

ITEM 2(b)         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  c/o Barry L. Bloom
                  655 Madison Avenue, 19th Floor
                  New York, N.Y. 10021-8043

ITEM 2(c)         CITIZENSHIP:

                  United States

ITEM 2(d)         TITLE OF CLASS OF SECURITIES:

                  Common Stock

ITEM 2(e)         CUSIP NUMBER:

                  540424-10-8

ITEM 3.           IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13d-1(b) OR
                  (c), CHECK WHETHER THE PERSON FILING IS A:   N/A

         (a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).

         (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

         (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).

         (d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).

         (e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);

         (f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);


                               Page 3 of 5 Pages



         (g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);

         (h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);

         (i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);

         (j) [ ] A group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

ITEM 4.           OWNERSHIP.

         As of the date of filing this statement, Wilma S. Tisch had sole voting
power and sole  investment  power with  respect to  10,784,321  shares of Common
Stock,  or 5.8% of the  185,746,595  shares that were reported as outstanding by
the Issuer as of October 21, 2005

ITEM 5.           OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

         If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ]. N/A

ITEM 6.           OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                  PERSON.

                  N/A

ITEM 7.           IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
                  HOLDING COMPANY OR CONTROL PERSON.

                  N/A

ITEM 8.           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                  N/A

ITEM 9.           NOTICE OF DISSOLUTION OF GROUP.

         Wilma S. Tisch previously  reported her holdings of Common Stock of the
Issuer on a Schedule 13D which she filed together with her sons Andrew H. Tisch,
Daniel R. Tisch,  James S. Tisch and Thomas J. Tisch.  The  Schedule  13D stated
that the filing was being made jointly solely for informational purposes and was
not an  admission by any  reporting  person that such  reporting  person and any
other reporting person or reporting  persons  constituted a "group" for purposes
of  Section  13(d)(3)  of the  Securities  Exchange  Act of 1934  or Rule  13d-5
thereunder  or for any other  purpose.  Wilma S.

                               Page 4 of 5 Pages


Tisch has now  decided  to report  her  holdings  separately  in her  individual
capacity  and not  jointly  with her sons,  none of whom is  required  to file a
report on Schedule 13D or 13G at this time.

ITEM 10.          CERTIFICATION.

         By  signing  below I  certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.


                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.

February 27, 2006

                                                         /s/ Wilma S. Tisch
                                                      -------------------------
                                                           Wilma S. Tisch










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