8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 02, 2006

TRANS WORLD ENTERTAINMENT CORPORATION

(Exact name of registrant as specified in its charter)

New York	0-14818	14-1541629
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	identification No.)
38 Corporate Circle, Albany, New York		12203
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (518) 452-1242

None

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 5.02(b). DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

On May 2, 2006, Trans World Entertainment (the “Company”) issued a press release announcing the resignation of Fred Fox, who served as Executive Vice President of Merchandising and Marketing of the Company.

Pursuant to General Instruction F of Form 8-K, a copy of the Press Release is attached hereto as Exhibit 99.1.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

(c)EXHIBITS. The following is furnished as an Exhibit to this Report:

Exhibit
No.	Description
99.1	Trans World Entertainment Company Press Release dated May 2, 2006.

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SIGNATURES

Pursuant to the requirements 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.

	TRANS WORLD ENTERTAINMENT CORPORATION
Date:   May 2, 2006	s/ John J. Sullivan
	John J. Sullivan
	Executive Vice President, Chief
	Financial Officer and Secretary

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EXHIBIT INDEX

Exhibit
No.	Description
99.1	Trans World Entertainment Company Press Release dated May 2, 2006.

4

EX-99.1

Exhibit 99.1

	Contact: Trans World Entertainment John J. SullivanEVP, Chief Financial Officer(518) 452-1242 ext. 7400	Contact: MWW Group Rich Tauberman rtauberman@mww.com (201) 507-9500
38 Corporate Circle
Albany, NY 12203
www.twec.com		NEWS RELEASE

TRANS WORLD ENTERTAINMENT ANNOUNCES RESIGNATION OF

EXECUTIVE VICE PRESIDENT OF MERCHANDISING AND MARKETING

Albany, NY, May 2, 2006 — Trans World Entertainment (Nasdaq National Market:TWMC) announced today that Fred Fox, Executive Vice President of Merchandising and Marketing, has left the company to pursue other interests. The company is undertaking a search for a replacement and expects to be able to name a new head of merchandising and marketingin the near future.

“Fred led a talented and experienced team during his tenure,” said James Litwak, President and Chief Operating Officer of Trans World Entertainment. “We look forward to further enhancing and expanding our merchandising and marketing initiatives as we move ahead with the integration of the Musicland acquisition and build our brand as the total entertainment destination.”

Trans World Entertainment is a leading specialty retailer of music, video and video game products. The Company operates over 1,100 retail stores in the United States, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico. The Company operates mall stores under the f.y.e., Sam Goody and Suncoast brands and freestanding locations under the names Coconuts Music and Movies, Strawberries Music, Wherehouse, Sam Goody, Spec’s and Second Spin. The Company also operates on the web at www.fye.com, www.coconuts.com, www.wherehouse.com, www.secondspin.com, www.samgoody.com and www.suncoast.com.

Certain statements in this release set forth management’s intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.

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