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): January 7, 2003

                             ERIE INDEMNITY COMPANY
               (Exact name of registrant as specified in its charter)

           PENNSYLVANIA                   0-24000                 25-0466020
  -------------------------------       -------------        -------------------
  (State or other jurisdiction of       (Commission         (I.R.S. Employer
  incorporation)                         File Number)        Identification No.)

100 Erie Insurance Place, Erie, Pennsylvania                      16530
--------------------------------------------                ----------------
  (Address of principal executive offices)                     (Zip Code)

          Registrant's telephone number, including area code (814) 870-2000



On January 7, 2003,  Erie  Indemnity  Company  issued  a  press release which is
filed as Exhibit 99.1 hereto and is incorporated herein by reference.


Exhibit Number        Description
--------------        -----------
99.1                  Press release dated January 7, 2003


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 hereunto duly authorized.

                                    ERIE INDEMNITY COMPANY

                                    Erie Indemnity Company

Date: January 7, 2003           /s/ Philip A. Garcia
                              (Philip A. Garcia, Executive Vice President & CFO)



         Erie Indemnity Company Reports Realized Investment Losses

Erie, Pa. - January 7, 2003 - Erie Indemnity Company (NASDAQ: ERIE) announced it
recognized  realized  capital  losses  during  the  fourth  quarter  of  2002 of
approximately  $8.4  million.  These  losses  resulted  from the sale of certain
securities and charges for impairments of equity,  debt and limited  partnership
investments  held by the Company in  accordance  with the  Company's  impairment
policy.  Of the $8.4 million  charge,  $2.9 million is reflected in net realized
losses on  investments,  while $5.5  million is reflected in losses from limited
partnerships.  Investment  losses were  realized in numerous  industry  segments
including  energy,  airline,  pharmaceutical  and  commercial  real estate.  The
investment  losses will reduce fourth quarter net income by  approximately  $5.5
million or $.08 per share. Erie Indemnity  Company's share of realized gains and
losses from its 21.6 percent  equity  ownership  of  affiliate  Erie Family Life
Insurance Company had no material effect on fourth quarter earnings.

Erie  Indemnity  Company's  total assets grew to nearly $2.2 billion,  including
invested  assets of $923 million,  at September  30, 2002,  from $1.9 billion at
September 30, 2001. Erie Indemnity  Company's total shareholder  equity was $958
million, or $13.50 per share at September 30, 2002, compared to $856 million, or
$12.01 per share, a year earlier.

Erie Indemnity Company is the  attorney-in-fact  for the Erie Insurance Exchange
and the  principal  management  company  for the  member  companies  of the Erie
Insurance Group, which includes Flagship City Insurance Company,  Erie Insurance
Company, Erie Insurance Property and Casualty Company, Erie Insurance Company of
New York and Erie Family Life Insurance Company.


According  to  A.M.  Best  Company,   Erie  Insurance  Group,   based  in  Erie,
Pennsylvania,  is the 17th largest automobile insurer in the United States based
on direct premiums written and the 25th largest property/casualty insurer in the
United  States based on total lines net premium  written.  The Group,  rated A++
(superior) by A.M. Best Company, has more than 3.5 million policies in force and
operates in 11 states and the District of Columbia.

News releases and more  information  about Erie Insurance Group are available at

"Safe Harbor"  Statement Under the Private  Securities  Litigation Reform Act of
1995:  Certain  forward-looking  statements  contained  herein involve risks and
uncertainties.   These  statements  include  certain  discussions   relating  to
management fee revenue, cost of management operations, underwriting, premium and
investment  income  volume,  business  strategies,  profitability  and  business
relationships  and the  Company's  other  business  activities  during  2002 and
beyond. In some cases, you can identify forward-looking statements by terms such
as  "may,"  will,"  "should,"  "could,"  "would,"  "expect,"  "plan,"  "intend,"
"anticipate,"  "believe,"  "estimate,"  "project,"  "predict,"  "potential"  and
similar  expressions.  These  forward-looking  statements  reflect the Company's
current views about future events,  are based on assumptions  and are subject to
known and  unknown  risks and  uncertainties  that may cause  results  to differ
materially from those anticipated in those statements.  Many of the factors that
will determine  future events or achievements  are beyond our ability to control
or predict.