FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MALONE JOHN C
   2. Issuer Name and Ticker or Trading Symbol
LIBERTY MEDIA CORP [IN REMARKS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
12300 LIBERTY BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
03/17/2008
(Street)

ENGLEWOOD, CO 80112		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Series A Liberty Capital Common Stock 03/17/2008   F   500 (1) D $ 14.96 (1) 607,487 (2) D  
Series A Liberty Capital Common Stock               75,252 (3) I By Spouse
Series A Liberty Capital Common Stock               165 I By Trust (4)
Series A Liberty Capital Common Stock               0 (5) I By 401(k) Savings Plan
Series A Liberty Interactive Common Stock 03/17/2008   F   996 (1) D $ 15.81 (1) 2,664,501 D  
Series A Liberty Interactive Common Stock               376,260 (3) I By Spouse
Series A Liberty Interactive Common Stock               825 I By Trust (4)
Series A Liberty Interactive Common Stock               0 (5) I By 401(k) Savings Plan
Series A Liberty Entertainment Common Stock 03/03/2008   J(6) V 2,431,948 A (6) 2,431,948 D  
Series A Liberty Entertainment Common Stock 03/03/2008   J(6) V 301,008 A (6) 301,008 (3) I By Spouse
Series A Liberty Entertainment Common Stock 03/03/2008   J(6) V 660 A (6) 660 I By Trust (4)
Series A Liberty Entertainment Common Stock 03/17/2008   F   1,982 D $ 21.7 (1) 2,429,966 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MALONE JOHN C
12300 LIBERTY BLVD.
ENGLEWOOD, CO 80112		   X   X   Chairman of the Board  

Signatures

 /s/ Charles Y. Tanabe, Attorney-in-fact   03/19/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The number of shares disposed of in the transaction were held by the Issuer in connection with the payment of withholding taxes on restricted shares that vested on March 17, 2008. The price is based on an average of the high and low trading prices on March 17, 2008.
(2) 38,399 of these shares were previously reported as 38,414 shares held indirectly by the Issuer's 401(k) Savings Plan, which number changed due to fluctuation in market value (see footnote 5).
(3) The Reporting Person disclaims beneficial ownership of these shares owned by his spouse.
(4) The Reporting Person is the sole trustee of and, with his spouse, retains a unitrust interest in the trust.
(5) 43 shares of Series A Liberty Capital common stock and 276 shares of Series A Liberty Interactive common stock held in the unitized stock fund under the Issuer's 401(k) Savings Plan were disposed of by the Plan Administrator in a nondiscretionary transaction as a result of the over-contribution by the Reporting Person under the terms of the plan. The number of shares held in the unitized stock fund represents equivalent shares based on the fair market value of the shares of Series A Liberty Capital common stock, Series A Liberty Interactive common stock, and Series A Liberty Entertainment common stock held by the fund.
(6) Pursuant to a reclassification exempt under Rule 16b-7, each share of the Issuer's Liberty Capital common stock (par value $.01 per share) was reclassified as one share of the same series of the reclassified Liberty Capital common stock (par value $.01 per share) and four shares of the same series of the Issuer's new Liberty Entertainment common stock (par value $.01 per share). The Reporting Person is voluntarily reporting this Form 5 transaction early on this Form 4.
 
Remarks:
The trading symbol for the Issuer's Series A Liberty Capital common stock is LCAPA, Series A Liberty Interactive common stock is LINTA and Series A Liberty Entertainment common stock is LMDIA.

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