Article: AOL Time Warner Names Michael Kelly Chief Operating Officer of America Online, Inc.

Business Editors

NEW YORK and DULLES Va.--(BUSINESS WIRE)--Nov. 1, 2001

Wayne Pace Appointed Executive Vice President and

Chief Financial Officer of AOL Time Warner

Kelly to Further Advance AOL as Growth Catalyst Across Entire Company

Pace, an Eight-Year Veteran of Turner Broadcasting Systems,

To Oversee all the Company's Finance Functions

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