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MOORE CAPITAL MANAGEMENT LLC
> TWX
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2008 | TIME WARNER INC. | TWX | 1,225,000 | 865,000 | 18,130,000 | 13,083,000 | $14.80 |
| 03/31/2008 | TIME WARNER INC. | TWX | 360,000 | -340,000 | 5,047,000 | -10,199,000 | $14.02 |
| 12/31/2006 | TIME WARNER INC. | TWX | 700,000 | -300,000 | 15,246,000 | -2,984,000 | $21.78 |
| 09/30/2006 | TIME WARNER INC. | TWX | 1,000,000 | 700,000 | 18,230,000 | 13,040,000 | $18.23 |
| 06/30/2006 | TIME WARNER INC. | TWX | 300,000 | -1,000,000 | 5,190,000 | -16,637,000 | $17.30 |
| 03/31/2006 | TIME WARNER INC. | TWX | 1,300,000 | -285,000 | 21,827,000 | -5,815,000 | $16.79 |
| 12/31/2005 | TIME WARNER INC. | TWX | 1,585,000 | -115,000 | 27,642,000 | -3,145,000 | $17.44 |
| 09/30/2005 | TIME WARNER INC. | TWX | 1,700,000 | 1,600,000 | 30,787,000 | 29,116,000 | $18.11 |
| 06/30/2005 | TIME WARNER INC. | TWX | 100,000 | -200,000 | 1,671,000 | -3,594,000 | $16.71 |
| 03/31/2005 | TIME WARNER INC. | TWX | 300,000 | -560,000 | 5,265,000 | -11,462,000 | $17.55 |
| 12/31/2004 | TIME WARNER INC. | TWX | 860,000 | 860,000 | 16,727,000 | 16,727,000 | $19.45 |
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