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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TX++VIunnxLLGQB7/d4Fd0ZrkkftwtIaRWBzL0756E1eDBqDnDwGGqySnlt+2UYm
 R1YHRXfN67zVOlDuPr2wkA==

<SEC-DOCUMENT>0000911420-06-000192.txt : 20060309
<SEC-HEADER>0000911420-06-000192.hdr.sgml : 20060309
<ACCEPTANCE-DATETIME>20060309103828
ACCESSION NUMBER:		0000911420-06-000192
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051227
FILED AS OF DATE:		20060309
DATE AS OF CHANGE:		20060309

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANS WORLD CORP
		CENTRAL INDEX KEY:			0000914577
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
		IRS NUMBER:				133738518
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129833355

	MAIL ADDRESS:	
		STREET 1:		545 FIFTH AVE
		STREET 2:		STE 940
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANS WORLD GAMING CORP
		DATE OF NAME CHANGE:	19941027

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD CAPITAL INC
		CENTRAL INDEX KEY:			0001251567
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		06674972

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2129600814

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD
		CENTRAL INDEX KEY:			0001030806

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25244
		FILM NUMBER:		06674973

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>p1164036_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-12-27</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000914577</issuerCik>
        <issuerName>TRANS WORLD CORP</issuerName>
        <issuerTradingSymbol>TWOC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001030806</rptOwnerCik>
            <rptOwnerName>WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVE</rptOwnerStreet1>
            <rptOwnerStreet2>STE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001251567</rptOwnerCik>
            <rptOwnerName>WYNNEFIELD CAPITAL INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.001 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>882353</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On the date hereof, Wynnefield Small Cap Value Offshore Fund, Ltd., (the &quot;Reporting Person&quot;) directly beneficially owns
 882,353 shares of common stock, $0.001 par value per share (&quot;Common Stock&quot;) of Trans World Corporation [TWOC].  Wynnefield
 Capital, Inc. as the sole investment manager of the Reporting Person has an indirect beneficial ownership interest in the
 shares of Common Stock that the Reporting Person directly beneficially owns.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.,  By:  Wynnefield Capital, Inc., /s/ Nelson Obus, Nelson Obus, President</signatureName>
        <signatureDate>2006-03-09</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD CAPITAL, INC.,  /s/ Nelson Obus, Nelson Obus, President</signatureName>
        <signatureDate>2006-03-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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