Exhibit 99.1

                                             Contact: Peter W. Keegan
                                                      Senior Vice President
                                                      (212) 521-2950

                                                      Joshua E. Kahn
                                                      Investor Relations
                                                      (212) 521-2788

                                                      Candace Leeds
                                                      V. P. of Public Affairs
                                                      (212) 521-2416

FOR IMMEDIATE RELEASE
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         LOEWS CORPORATION TO OFFER $300 MILLION OF NEW SENIOR NOTES AND
         ---------------------------------------------------------------
                  REDEEM $300 MILLION OF OUTSTANDING NOTES
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  NEW YORK, March 8, 2004 - Loews Corporation (NYSE: LTR) announced today that
it intends, subject to market and other conditions, to offer $300 million
principal amount of new twelve-year senior notes in a public offering
underwritten by Citigroup Global Markets Inc. and Lehman Brothers Inc. The
Company intends to use the net proceeds of this offering, together with
additional cash on hand, to redeem all of its outstanding $300 million
principal amount of 7-5/8% Senior Notes due 2023, including payment of an
early redemption premium of 3.8125 percent of the principal amount redeemed.

  This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities. A written prospectus may be obtained, when
available, from sales representatives of Citigroup Global Markets Inc., Fixed
Income Capital Markets at 390 Greenwich Street, 4th Floor, New York, New York
10013, telephone number 212.723.6104 and Lehman Brothers Inc., Fixed Income
Syndicate Desk at 745 Seventh Avenue, 3rd Floor, New York, New York 10019,
telephone number 212.526.9664.

  This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and other federal
securities laws relating to expectations, plans or prospects for the Company,
including those relating to whether or not the Company will offer the notes or
consummate the offering, the anticipated terms of the notes and the offering
and the anticipated use of proceeds of the offering. These statements are
based upon the current expectations and beliefs of the Company's management
and are subject to certain risks and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. These risks and uncertainties include market conditions and other
factors beyond the Company's control and the risk factors and other cautionary
statements discussed in the Company's Form 10-K/A for the year ended December
31, 2003 and other filings with the U.S. Securities and Exchange Commission.

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