SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K/A
  The Cover Page has been amended solely to correct an error in the number of
    shares of common stock outstanding and the aggregate market value of the
      registrant's Common Stock held by non-affiliates of the registrant.

           [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended  December 29, 2001
                          ------------------

Commission File Number 0-9831
                       ------

                               LIZ CLAIBORNE, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                      13-2842791
          --------                                      ----------
  (State or other jurisdiction of                    (I.R.S. Employer
  incorporation or organization)                   Identification Number)

  1441 Broadway, New York, New York                        10018
  ---------------------------------                        -----
  (Address of principal executive offices)               (Zip Code)

        Registrant's telephone number, including area code: 212-354-4900

           Securities registered pursuant to Section 12(b) of the Act:

          Title of class               Name of each exchange on which registered
          --------------               -----------------------------------------

Common Stock, par value $1 per share           New York Stock Exchange

        Securities registered pursuant to Section 12(g) of the Act: None

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                           Yes   X          No
                                ----          ----

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [   ]

     Based upon the closing sale price on the New York Stock Exchange  composite
tape on March 20, 2002, the aggregate  market value of the  registrant's  Common
Stock, par value $1 per share,  held by non-affiliates of the registrant on such
date was approximately $3,159,817,723.

     Number of shares of the registrant's  Common Stock, par value $1 per share,
outstanding as of March 20, 2002: 106,171,206 shares.

                      Documents Incorporated by Reference:

     Registrant's Proxy Statement relating to its Annual Meeting of Stockholders
to be held on May 16, 2002-Part III.

                                EXPLANATORY NOTE

This Amendment No. 1 on Form 10-K/A for the fiscal year ended December 29, 2001
is hereby filed solely to correct an error in the number of shares outstanding
and the aggregate market value of the registrant's Common Stock, par value $1
per share, held by non-affiliates of the registrant on March 20, 2002 as
reported on the first page of the original filing.




                                   SIGNATURES
                                   ----------

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on April 26, 2002.



LIZ CLAIBORNE, INC.                     LIZ CLAIBORNE, INC.


By: /s/  Michael Scarpa                 By: /s/ Elaine H. Goodell
    --------------------------------        ------------------------------------
    Michael Scarpa,                         Elaine H. Goodell,
    Vice President and                      Vice President-Corporate Controller
    Chief Financial Officer                 and Chief Accounting Officer
    (principal financial officer)           (principal accounting officer)