Item 1(a).  Name of Issuer:

 

Trans World Entertainment Corporation.

 

Item 1(b).  Address of Issuer’s Principal Executive Offices:

 

38 Corporate Circle, Albany, New York  12203.

 

Item 2(a).  Name of Person Filing:

 

ABN AMRO Holding N.V.

 

Item 2(b).  Address of Principal Business Office or, if None, Residence:

 

Gustav Mahlerlaan 10, 1082 PP, Amsterdam, The Netherlands.

 

Item 2(c).  Citizenship:

 

The Netherlands.

 

Item 2(d).  Title of Class of Securities:

 

Common stock, $0.01 par value per share.

 

Item 2(e).  CUSIP Number:

 

89336Q100

 

Item 3.

If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

(a)

o    Broker or dealer registered under Section 15 of the Exchange Act;

 

(b)

o    Bank as defined in Section 3(a)(6) of the Exchange Act;

 

(c)

o    Insurance company as defined in Section 3(a)(19) of the Exchange Act;

 

(d)

o    Investment company registered under Section 8 of the Investment Company Act;

 

(e)

o    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

(f)

o    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

(g)

o    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

(h)

o    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

(i)

o    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

 

(j)

o    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

If this statement is filed pursuant to Rule 13d-1(c), check this box. x

 

Item 4.

Ownership.

 

(a)

Amount beneficially owned:  see item 9 on page 2.

 

Page 3 of 5

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(b)

Percent of class:  see item 11 on page 2.

 

(c)

Number of shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote:  see item 5 on page 2.

 

(ii)

Shared power to vote or to direct the vote:  see item 6 on page 2.

 

(iii)

Sole power to dispose or to direct the disposition of:  see item 7 on page 2.

 

(iv)

Shared power to dispose or to direct the disposition of:  see item 8 on page 2

 

Item 5.

Ownership of Five Percent or Less of a Class.