Edgar Filing: LUCENT TECHNOLOGIES INC

PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424 (b)(3)
(TO PROSPECTUS DATED JANUARY 8, 2002) Registration No. 333-72282

[LUCENT TECHNOLOGIES LOGO]
LUCENT TECHNOLOGIES INC.
1,885,000 SHARES OF 8.00% REDEEMABLE
CONVERTIBLE PREFERRED STOCK

$1,885,000,000 PRINCIPAL AGGREGATE AMOUNT OF 8.00% CONVERTIBLE SUBORDINATED
DEBENTURES ISSUABLE IN EXCHANGE FOR THE PREFERRED STOCK

252,005,273 SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THE CONVERSION
PRIVILEGE
ATTACHED TO THE PREFERRED STOCK OR CONVERTIBLE SUBORDINATED DEBENTURES

46,328,725 SHARES OF COMMON STOCK ISSUABLE IN CONNECTION WITH THE PAYMENT OF
DIVIDENDS ON THE PREFERRED STOCK

This prospectus supplement relates to resales of preferred stock and to
sales of convertible subordinated debentures that may be issued in exchange for
preferred stock and to common stock that may be issued upon conversion of
preferred stock or convertible subordinated debentures, by the securityholders
named under the caption "Selling Securityholders" in this prospectus supplement,
all as described under the caption "Plan of Distribution" in the accompanying
prospectus. This prospectus supplement should be read in conjunction with the
accompanying prospectus dated January 8, 2002, and the prospectus supplements
dated February 7, 2002, March 29, 2002, May 29, 2002, July 1, 2002 and July 3,
2002, which are to be delivered with this prospectus supplement.

Each share of preferred stock is convertible at any time, at the option of
the holder and in the manner described in the accompanying prospectus, into
fully paid and nonassessable shares of our common stock. The preferred stock is
currently convertible into common stock at a conversion price of $5.94 per share
of common stock (equivalent to a conversion rate of 168.3502 shares of common
stock for each share of preferred stock), representing an adjustment of the
initial conversion price of $7.48 per share of common stock (or initial
conversion rate of 133.6898 shares of common stock for each share of preferred
stock) on account of our distribution of our shares of Agere Systems Inc. to our
common shareowners in connection with our spin-off of Agere Systems Inc. and is
subject to further adjustments as described in the accompanying prospectus.

The table appearing under "Selling Securityholders" in the accompanying
prospectus is hereby amended by the addition of, or the listing of additional
shares for, selling securityholders and is restated as follows:

SHARES OF
PRINCIPAL AMOUNT COMMON
SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED
PREFERRED SUBORDINATED COMMON PRIOR TO THIS
SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING
------------------------- --------- ---------------- ---------- -------------

1976 Distribution Trust FBO A.R. Lauder/
Zinterhofer............................... 7 7,000 1,179 Nil
1976 Distribution Trust FBO Jane A.
Lauder.................................... 13 13,000 2,189 Nil
2000 Revocable Trust FBO A.R. Lauder/
Zinterhofer............................... 7 7,000 1,179 Nil
ACM Research Fund........................... 1,730 1,730,000 291,246 Nil
Advent Convertible Master Cayman L.P. ...... 3,686 3,686,000 620,539 Nil
AEGON/Transamerica Services Fund, Inc. -- T.
Rowe Price Equity Income Portfolio........ 155 155,000 26,095 334,400
AFTRA Health Fund........................... 160 160,000 26,937 Nil
AIG/National Union Fire Insurance........... 600 600,000 101,011 Nil
Aim Charter Fund............................ 15,000 15,000,000 2,525,253 Nil

Aim VI Growth & Income Fund................. 5,000 5,000,000 841,751 Nil
Allegheny Technologies Inc. Pension Plan.... 3,326 3,326,000 559,933 Nil
Allentown City Firefighters Pension Plan.... 25 25,000 4,209 Nil
Allentown City Officers & Employee Pension
Fund...................................... 10 10,000 1,684 Nil
Allentown City Police Pension Plan.......... 45 45,000 7,576 Nil
Allete, Inc. ............................... 500 500,000 84,176 Nil
Alliance Balanced Shares, Inc. ............. 7,950 7,950,000 1,338,385 2,056,000
Alliance Growth & Income, Inc. ............. 52,160 52,160,000 8,781,147 21,237,200
Allstate Insurance Company.................. 1,200 1,200,000 202,021 287,245
Allstate Life Insurance Company............. 550 550,000 92,593 13,155
Alpine Associates, L.P. .................... 10,600 10,600,000 1,784,513 Nil
Alpine Partners, L.P. ...................... 1,575 1,575,000 265,152 Nil
Amaranth Securities L.L.C. ................. 14,750 14,750,000 2,483,166 Nil
American Funds Insurance Series -- Global
Discovery Fund............................ 80 80,000 13,469 Nil
American Motorist Insurance Company......... 516 516,000 86,869 Nil
American Variable Insurance Series -- Growth
Income Fund............................... 12,910 12,910,000 2,173,402 400,000
Anchor Pathway Fund -- Growth Income
Series.................................... 2,300 2,300,000 387,206 100,000
Arapaho County Colorado..................... 51 51,000 8,586 Nil
Arbitex Master Fund, L.P. .................. 9,000 9,000,000 1,515,152 Nil
Argent Classic Convertible Arbitrage Fund
(Bermuda) Ltd. ........................... 3,150 3,150,000 530,304 Nil
Argent Classic Convertible Arbitrage Fund
L.P.(6)................................... 1,350 1,350,000 227,273 Nil
Argent Classic Convertible Fund (Bermuda)
Ltd.(6)................................... 650 650,000 109,428 Nil
Argent Convertible Arbitrage Fund Ltd. ..... 2,500 2,500,000 420,876 Nil
Argent LowLev Convertible Arbitrage Fund
LLC....................................... 500 500,000 84,176 Nil
Arkansas PERS............................... 725 725,000 122,054 Nil
Associated Electric & Gas Insurance Services
Limited(5)................................ 2,500 2,500,000 420,876 Nil
Aventis Pension Master Trust(5)............. 550 550,000 92,593 Nil
Banc of America Securities LLC.............. 5,593 5,593 941,583 Nil
Banca del Gotardo........................... 34 34,000 5,724 Nil
Bancroft Convertible Fund, Inc. ............ 1,000 1,000,000 168,351 Nil
Bank of America Pension Plan................ 1,350 1,350,000 227,273 Nil
Bankers Trust Company....................... 400 400,000 67,341 Nil
Bankers Trust Company, Trustee for
DaimlerChrysler Corp Emp #1 Pension Plan
dtd 4/1/89................................ 9,100 9,100,000 1,531,987 Nil
Bay County PERS............................. 90 90,000 15,152 Nil
Bear Stearns & Co. Inc. .................... 10,000 10,000,000 1,683,502 Nil

BGI Global Investors........................ 750 750 126,263 Nil
BlackRock High Yield Bond Fund.............. 1,000 1,000,000 168,351 Nil
BNA Retirement Trust........................ 15 15,000 2,526 10,000
BNP Paribas Equity Strategies SNC........... 3,850 3,850 648,149 1,124,075
Boilermaker's Blacksmith Pension Trust(5)... 3,265 3,265 549,664 Nil
British Virgin Islands Social Security
Board..................................... 39 39,000 6,566 Nil
CALAMOS Convertible Fund -- CALAMOS
Investment Trust(5)....................... 9,200 9,200,000 1,548,822 Nil
CALAMOS Convertible Growth and Income
Fund -- CALAMOS Investment Trust(5)....... 4,935 4,935 830,809 Nil
CALAMOS Convertible Portfolio -- CALAMOS
Advisors Trust(5)......................... 265 265,000 44,613 Nil
CALAMOS Convertible Technology Fund --
CALAMOS Investment Trust(5)............... 70 70,000 11,785 Nil
CALAMOS Global Convertible Fund -- CALAMOS
Investment Trust(5)....................... 140 140,000 23,570 Nil
CALAMOS High Yield Fund -- CALAMOS
Investment Trust.......................... 150 150,000 25,253 Nil
CALAMOS Market Neutral Fund -- CALAMOS
Investment Trust(5)....................... 8,300 8,300,000 1,397,307 Nil
California Public Employees' Retirement
System.................................... 3,000 3,000,000 505,051 13,725,800
Canyon Capital Arbitrage Master Fund,
Ltd. ..................................... 2,550 2,500,000 429,294 Nil
Canyon Mac 18 (RMF) Ltd..................... 595 595,000 100,169 Nil
Canyon Value Realization Fund (Cayman),
Ltd. ..................................... 3,485 3,485,000 586,701 Nil
Capital International Global Discovery...... 50 50,000 8,418 Nil
Caspian Capital Partners LP................. 300 300,000 50,506 Nil
Century -- National Insurance Company....... 750 750,000 126,263 Nil
Charitable Convertible Securities Fund...... 1,100 1,100,000 185,186 Nil
Chilton International, L.P. ................ 19,473 19,473,000 3,278,284 Nil
Chilton Investment Partners, L.P. .......... 5,809 5,809,000 977,947 Nil
Chilton New Era International, L.P. ........ 11,853 11,853,000 1,995,455 Nil
Chilton New Era Partners, L.P. ............. 6,699 6,699,000 1,127,778 Nil
Chilton QP Investment Partners, L.P. ....... 4,991 4,991,000 840,236 Nil
City of Albany Pension Plan(5).............. 210 210,000 35,354 Nil
City of Knoxville Pension System(5)......... 600 600,000 101,011 Nil
City of New Orleans......................... 208 208,000 35,017 Nil
City University of New York................. 125 125,000 21,044 Nil
Clarica Life Insurance Co. -- US(5)......... 585 585,000 98,485 Nil
Clinton Springs Partnership L.L.C. ......... 500 500,000 84,176 Nil
Coastal Convertibles LTD. .................. 1,000 1,000,000 168,351 Nil
Common Fund Event Driven Company c/o IBT
Fund Services (Cayman).................... 521 521,000 87,711 Nil
Concordia Partners LP....................... 15,500 15,500,000 2,609,429 Nil
Consulting Group Capital Markets Funds(5)... 350 350,000 58,923 Nil

Continental Assurance Company On Behalf Of
Its Separate Account (E).................. 1,400 1,400,000 235,691 Nil
Continental Casualty Company................ 18,600 18,600,000 3,131,314 Nil
CooperNeff Convertible Strategies Fund...... 69 69,000 11,617 Nil
COOPERNEFF Convertible Strategies Fund,
L.P. ..................................... 1,086 1,086,000 182,829 Nil
Credit Lyonnais Securities Inc. (USA)....... 6,000 6,000,000 1,010,102 408,986
Credit Suisse First Boston Corp. ........... 2,000 2,000,000 336,701 Nil
Credit Suisse First Boston Corporation...... 2,670 2,670,000 449,496 Nil
Daniel A. Hillenbrand....................... 100 100,000 16,836 Nil
Davis New York Venture Fund................. 38,400 38,400,000 6,464,648 Nil
Deeprock & Co. ............................. 1,000 1,000,000 168,351 Nil
Delaware PERS............................... 1,025 1,025,000 172,559 Nil
Delta Airlines Master Trust(5).............. 3,775 3,775,000 635,523 Nil
Delta Pilots Disability and Survivorship
Trust(5).................................. 785 785,000 132,155 Nil
Deutsche Bank Securities Inc. .............. 121,500 121,500,000 20,454,550 Nil
Deutsche Banc Alex. Brown Inc. ............. 75,600 75,600,000 12,727,276 Nil
DNB Endowment............................... 300 300,000 50,506 Nil
Drury University(5)......................... 70 70,000 11,785 Nil
Duke Endowment.............................. 180 180,000 30,304 Nil
EB Convertible Securities Fund.............. 1,100 1,100,00 185,186 Nil
Ellsworth Convertible Growth and Income
Fund, Inc. ............................... 1,000 1,000,000 168,351 Nil
Endowments -- Growth and Income Portfolio... 400 400,000 67,341 5,000
Family Service Life Insurance Co. .......... 150 150,000 25,253 Nil
F.R. Convt. Sec. Fn. ....................... 105 105,000 17,677 Nil
Fidelity Advisor Series I: Fidelity Advisor
Balanced Fund(6).......................... 710 710,000 119,529 Nil
Fidelity Advisor Series I: Fidelity Advisor
Dividend Growth Fund(6)................... 900 900,000 151,516 300,000
Fidelity Advisor Series I: Fidelity Advisor
Equity Value Fund(6)...................... 212 212,000 35,691 Nil
Fidelity Advisor Series I: Fidelity Advisor
Growth & Income Fund(6)................... 1,350 1,350 227,273 Nil
Fidelity Charles Street Trust: Fidelity
Asset Manager(6).......................... 5,130 5,130,000 863,637 1,255,300
Fidelity Charles Street Trust: Fidelity
Asset Manager: Growth(6).................. 2,570 2,570,000 432,661 Nil
Fidelity Charles Street Trust: Fidelity
Asset Manager: Income(6).................. 200 200,000 33,671 Nil
Fidelity Contrafund: Fidelity
Contrafund(6)............................. 57,450 57,450,000 9,671,719 Nil
Fidelity Devonshire Trust: Fidelity Equity
Income Fund(6)............................ 12,360 12,360,000 2,080,809 1,961,000

Fidelity Financial Trust: Fidelity
Convertible Securities Fund(6)............ 4,600 4,600,000 774,411 Nil
Fidelity Financial Trust: Fidelity Equity-
Income II Fund(6)......................... 45,223 45,223,000 7,613,302 Nil
Fidelity Hastings Street Trust: Fidelity
Fund(6)................................... 6,100 6,100,000 1,026,937 4,134,400
Fidelity Management Trust Company on behalf
of accounts managed by it(7).............. 6,890 6,890,000 1,159,933 4,764,186
Fidelity Mt. Vernon Street Trust: Fidelity
Aggressive Growth Fund(6)................. 4,000 4,000,000 673,401 4,019,755
Fidelity Puritan Trust: Fidelity Puritan
Fund...................................... 6,980 6,980,000 1,175,085 1,127,200
Fidelity Securities Fund: Fidelity Dividend
Growth Fund(6)............................ 6,600 6,600,000 1,111,112 3,000,000
Fidelity Trend Fund: Fidelity Trend
Fund(6)................................... 500 500,000 84,176 Nil
Field Foundation of Illinois................ 50 50,000 8,418 Nil
First Mercury Insurance Company............. 30,000 30,000,000 5,050,506 Nil
First Union National Bank................... 44,000 44,000,000 7,407,409 Nil
First Union Securities Inc. ................ 5,400 5,400,000 909,092 Nil
FIST -- Franklin Convertible Securities
Fund...................................... 2,300 2,300,000 387,206 Nil
Forest Alternative Strategies II............ 100 100,000 16,836 Nil
Forest Fulcrum Fund L.L.P. ................. 1,200 1,200,000 202,021 Nil
Forest Global Convertible Fund Series A-5... 5,000 5,000,000 841,751 Nil
Franklin and Marshall College............... 500 500,000 84,176 Nil
Franklin World Telecom Fund -- Canada....... 100 100,000 16,836 Nil
FSS -- Franklin Global Communication Fund... 1,300 1,300,000 218,856 Nil
FTVIPT -- Global Communication Fund......... 2,800 2,800,000 471,381 Nil
GDO Equity Arbitrage Master Fund............ 5,000 5,000,000 841,751 Nil
GenCorp Foundation.......................... 35 35,000 5,893 Nil
General Motors Welfare Benefit Trust
(VEBA).................................... 1,000 1,000,000 168,351 Nil
GLG Convertible UCITS Fund.................. 815 815,000 137,206 Nil
GLG Global Convertible Fund................. 7,185 7,185,000 1,209,597 Nil
GLG Market Neutral Fund..................... 54,500 54,500,000 9,175,086 Nil
Golden Rule Insurance Company............... 350 350,000 58,923 Nil
Goldman Sachs and Company................... 629 629,000 105,893 Nil
Grady Hospital Foundation................... 110 110,000 18,519 Nil
Granville Capital Corporation............... 34,000 34,000,000 5,723,907 Nil
Guardian Life Insurance Co. ................ 9,300 9,300,000 1,565,657 68,388
Gulf International Bank (UK) LYD............ 30 30,000 5,051 Nil
Guardian Pension Trust...................... 500 500,000 84,176 Nil
Harbor Associates........................... 100 100,000 16,836 Nil
Harris Corporation Retirement Trust......... 145 145,000 234,900 Nil
H.K. Porter Company, Inc. .................. 55 55,000 9,260 Nil
Health Foundation of Greater Cincinnati..... 180 180,000 30,304 Nil
HFR Convertible Arbitrage Account........... 214 214,000 36,027 Nil

HFR Master Fund, Ltd.(5).................... 50 50,000 8,418 Nil
HFR TQA MasterTrust......................... 300 300,000 50,506 Nil
HFR Zazove Master Trust..................... 200 200,000 33,671 Nil
Highbridge International LLC................ 22,500 22,500,000 3,787,880 Nil
ICI American Holdings Trust................. 370 370,000 62,290 Nil
Independence Blue Cross..................... 225 225,000 37,879 Nil
International Bank of Reconstruction &
Development Retired Employees Benefit
Trust..................................... 2,000 2,000,000 336,701 Nil
Island Drive Offshore, Ltd. ................ 1,300 1,300,000 218,856 Nil
JAS Securities, LLC......................... 2,000 2,000,000 336,701 Nil
Jeffries & Company, Inc. ................... 8,500 8,500,000 1,430,977 Nil
John Hancock Variable Series Trust
I -- Large Cap Value Portfolio............ 135 135,000 22,728 224,200
Jonathan T. Walton.......................... 10 10,000 1,684 Nil
JMG Capital Partners LP..................... 88,525 88,525,000 14,903,202 Nil
JMG Triton Offshore Fund, Ltd. ............. 58,255 58,255,000 9,807,241 Nil
JNL Series Trust -- T. Rowe Price/JNL Value
Series.................................... 205 205,000 34,512 425,700
JP Morgan Securities Inc. ................. 42,320 42,320,000 7,124,581 1,220,808
KBC Convertible Opportunities LTD........... 2,031 2,031,000 341,920 Nil
KBC Financial Products USA Inc. ............ 1,481 1,481,000 249,327 Nil
Kellner, DiLeo & Co., LP.................... 3,900 3,900,000 656,566 Nil
Kettering Medical Center Funded Depreciation
Account(5)................................ 140 140,000 23,570 Nil
Key Trust Convertible Securities Fund....... 180 180,000 30,304 Nil
Knoxville Utilities Board Retirement
System(5)................................. 335 335,000 56,398 Nil
L.A. Fire and Police Pension Fund........... 9,500 9,500,000 1,599,327 Nil
LDG Limited................................. 1,050 1,050,000 176,768 Nil
Lehman Brothers Special Finance............. 68,675 68,675,000 11,561,450 Nil
Lehman Brothers Inc. ....................... 110,000 110,000,000 18,518,522 Nil
Levco Alternative Fund, Ltd. ............... 13,649 13,649,000 2,297,812 Nil
Lexington Vantage Fund Ltd. c/o TQA
Investors, LLC............................ 350 350,000 58,923 Nil
Lincoln National Convertible Securities
Fund...................................... 10,000 10,000,000 1,683,502 Nil
Lipper Convertibles Series II, LP........... 5,000 5,000,000 841,751 Nil
Lipper Convertibles, L.P. .................. 48,500 48,500,000 8,164,985 Nil
Lipper Offshore Convertibles, LP............ 9,100 9,100 1,531,987 Nil
Local Initiatives Support Corporation....... 50 50,000 8,418 Nil
Lord Abbett Affiliated Fund................. 28,750 28,750,000 4,840,069 Nil
Louisiana Workers' Compensation
Corporation............................... 620 620,000 104,378 Nil
LTT Limited................................. 350 350,000 58,923 Nil
Lyxor Master Fund........................... 843 843,000 141,920 Nil

Lyxor Master Fund c/o Argent Management
Company LLC............................... 350 350 58,923 Nil
Lyxor Master Fund c/o Forest Investment
Management L.L.C. ........................ 1,500 1,500,000 252,526 Nil
Macomb County Employees' Retirement
System(5)................................. 585 585,000 98,485 Nil
Magnetite Assets Investors III LLC.......... 3,000 3,000,000 505,051 Nil
Mainstay Convertible Fund................... 2,110 2,110,000 355,219 Nil
Mainstay VP Convertible Portfolio........... 640 640,000 107,745 Nil
Manufacturers Investment Fund -- Equity
Income Trust.............................. 690 690,000 116,162 1,142,500
Mariner LDC................................. 3,200 3,200,000 538,721 Nil
Mary H. Hillenbrand......................... 100 100,000 16,836 Nil
Maryland State Retirement Fund.............. 10,656 10,656,000 1,793,940 Nil
Maxim Series Fund, Inc. -- Maxim T. Rowe
Price Equity Income Portfolio............. 140 140,000 23,570 252,800
McMahan Securities Co. L.P. ................ 7,080 7,080,000 1,191,920 Nil
Merrill Lynch Global Allocation Fund,
Inc. ..................................... 12,040 12,040,000 2,026,937 2,000,000
Merrill Lynch Insurance Group............... 276 276,000 46,465 Nil
Merrill Lynch International Investment
Fund...................................... 900 900,000 151,526 275,100
Merrill Lynch Pierce Fenner & Smith Inc. ... 284 284,000 47,812 Nil
Merrill Lynch Series Fund, Inc., Global
Allocation Strategy Portfolio............. 200 200,000 33,671 57,100
Merrill Lynch Variable Series, Inc., Global
Allocation Focus Fund..................... 550 550,000 92,593 130,400
Minnesota Power and Light................... 160 160,000 26,937 Nil
Morgan Stanley.............................. 55,000 55,000,000 9,259,261 Nil
Morgan Stanley & Co. Incorporated........... 12,391 12,391,000 2,086,028 Nil
Morgan Stanley Capital Services............. 35,000 35,000,000 5,892,257 Nil
Morgan Stanley Dean Witter Convertible
Securities Trust.......................... 2,100 2,100 353,536 Nil
Municipal Employees......................... 187 187,000 31,482 Nil
Nabisco Holdings............................ 30 30,000 5,051 Nil
National Union Fire Insurance Company of
Pittsburgh, PA............................ 2,000 2,000,000 336,701 Nil
Navigator Offshore Fund, Ltd. .............. 7,655 7,655,000 1,288,721 Nil
Navigator Partners L.P. .................... 1,345 1,345,000 226,432 Nil
New Orleans Firefighters Pension/Relief
Fund...................................... 113 113,000 19,024 Nil
New York Life Insurance Company (Ordinary
Life Post 1982 AC 1)...................... 2,040 2,040,000 343,435 Nil
New York Life Insurance Company (Ordinary
Life Post 1982 AC 2)...................... 4,815 4,815,000 810,607 Nil
New York Life Insurance Company (Separate
Account #7)............................... 285 285,000 47,980 Nil

NSMD........................................ 300 300,000 50,506 Nil
Occidental Petroleum Corporation............ 214 214,000 36,027 Nil
Ohio Bureau of Workers Compensation......... 150 150,000 25,253 Nil
Ondeo Nalco................................. 155 155,000 26,095 Nil
Oppenheimer Convertible Securities Fund..... 5,000 5,000,000 841,751 Nil
Paloma Securities L.L.C. ................... 6,750 6,750,000 1,136,364 Nil
Park Avenue Life Insurance Co. ............. 50 50,000 8,418 Nil
Parker Key/Convertible...................... 285 285,000 47,980 Nil
Parsimony Limited........................... 3,000 3,000,000 505,051 Nil
Penn Treaty Network America Insurance
Company................................... 700 700,000 117,846 Nil
Peoples Benefit Life Insurance Company
(Teamsters Separate Account).............. 3,350 3,350,000 563,974 Nil
Policeman and Firemen Retirement System of
the City of Detroit....................... 513 513,000 86,364 Nil
Port Authority of Allegheny County
Retirement and Disability Allowance Plan
for Employees Represented by Local 85 of
the Amalgamated Transit Union(5).......... 2,470 2,470,000 415,825 Nil
Potlatch.................................... 760 760,000 127,947 Nil
Prisma Foundation(5)........................ 110 110,000 18,519 Nil
Pro-Mutual.................................. 613 613,000 103,199 Nil
Prudential Insurance Company of America..... 3,835 3,835,000 645,624 Nil
Prudential Property and Casualty Insurance
Company................................... 260 260,000 43,772 Nil
Prudential Property and Casualty Insurance
Company of New Jersey..................... 195 195,000 32,829 Nil
Purchase Associates, L.P. .................. 3,687 3,687,000 620,708 Nil
Quattro Fund Ltd. .......................... 1,000 1,000,000 168,351 Nil
R(2) Investments, LDC....................... 75,000 75,000,000 12,626,265 Nil
Raytheon Master Pension Trust............... 206 206,000 34,681 Nil
Retail Clerks Pension Trust................. 1,600 1,600,000 269,361 Nil
RJR Reynolds................................ 85 85,000 14,310 Nil
Robertson Stephens, Inc. ................... 20,000 20,000,000 3,367,004 Nil
Sagamore Hill Hub Fund, Ltd. ............... 14,750 14,750,000 2,483,166 Nil
Sage Capital................................ 2,000 2,000,000 336,701 Nil
Salme Walton................................ 10 10,000 1684 Nil
Salomon Smith Barney Inc. .................. 25,790 25,790,000 4,341,752 Nil
San Diego County Employee Retirement
Association............................... 2,050 2,050,000 345,118 Nil
SBL Fund -- Series O -- (Equity Income
Series)................................... 110 110,000 18,519 176,900
SCI Endowment Care Common Trust Fund --
First Union(5)............................ 75 75,000 12,627 Nil

SCI Endowment Care Common Trust Fund --
National Fiduciary Services(5)............ 335 335,000 56,398 Nil
SCI Endowment Care Common Trust Fund --
Suntrust(5)............................... 140 140,000 23,570 Nil
Seasons Series Trust -- Large-Cap
Portfolio................................. 12 12,000 2,021 26,100
SEI Private Trust Company................... 1,085 1,085,000 182,670 3,721,034
SG Cowen Securities Corporation............. 41,365 41,365,000 6,963,807 Nil
SG Hambros Trust Company (Jersey) as Trustee
of the Lyxor Master Fund.................. 475 475,000 79,967 Nil
Shell Pension Trust......................... 504 504,000 84,849 Nil
Silverado Arbitrage Trading, LTD............ 1,025 1,025,000 172,559 Nil
South Dakota Retirement System.............. 500 500,000 84,176 Nil
Southdown Pension Plan(5)................... 235 235,000 39,563 Nil
Southern Farm Bureau Life Insurance......... 425 425,000 71,549 Nil
Spear, Leads & Kellogg L.P. ................ 1,000 1,000,000 168,351 Nil
SPT......................................... 2,850 2,850,000 479,799 Nil
St. Albans Partners Ltd. ................... 3,350 3,350,000 563,974 Nil
Starvest Combined Portfolio................. 650 650,000 109,428 Nil
Starvest Managed Portfolio.................. 35 35,000 5,893 Nil
State of Maryland Retirement Agency......... 2,636 2,636 443,772 Nil
State of Mississippi Health Care Trust
Fund...................................... 255 255,000 42,930 Nil
State of Oregon/Equity...................... 3,300 3,300,000 555,556 Nil
State Street Bank Custodian for GE Pension
Trust..................................... 4,200 4,200 707,071 Nil
Sturgeon Limited............................ 495 495,000 83,334 Nil
Susquehanna Capital Group................... 3,500 3,500,000 589,226 Nil
Sylvan (IMA) Ltd. .......................... 500 500,000 84,176 Nil
Syngenta AG................................. 175 175,000 29,462 Nil
TD Securities (USA) Inc..................... 12,000 12,000,000 2,020,203 Nil
The GCG Trust -- Equity Income Series....... 210 210,000 35,354 425,700
The Class IC Company........................ 2,090 2,090,000 351,852 Nil
The Dow Chemical Company Employees'
Retirement Plan(5)........................ 4,650 4,650,000 782,829 Nil
The Fondren Foundation(5)................... 140 140,000 23,570 Nil
The Grable Foundation....................... 99 99,000 16,667 Nil
The New Economy Fund........................ 17,100 17,100,000 2,878,789 Nil
The Vantagepoint Funds -- Equity Income
Fund...................................... 175 175,000 29,462 200,000
TQA Master Plus Fund Ltd. .................. 1,250 1,250,000 210,438 Nil
Travelers: Travelers Equity Income(6)....... 800 800,000 134,681 Nil
Tribeca Investments, L.L.C. ................ 95,000 95,000,000 15,993,269 Nil
T. Rowe Price Equity Income Fund, Inc. ..... 6,228 6,228,000 1,048,486 11,000,000
T. Rowe Price Value Fund, Inc. ............. 1,300 1,300,000 218,856 2,700,000
T. Rowe Price Equity Income Portfolio....... 435 435,000 73,233 863,800

T. Rowe Price Funds SICAB US Large-Cap Value
Fund...................................... 35 35,000 5,893 Nil
T. Rowe Price Institutional Large-Cap Value
Fund...................................... 10 10,000 1,684 Nil
Trustmark Insurance Company................. 285 285,000 47,980 Nil
UBS AG, London Branch....................... 108,025 108,025,000 18,186,031 Nil
UBS O'Connor LLC f/b/o UBS Global
Convertible Portfolio..................... 1,000 1,000,000 168,351 Nil
UBS O'Connor LLC f/b/o UBS Global Equity
Arbitrage Fund Master Ltd. ............... 26,000 26,000,000 4,377,106 Nil
UBS Warburg L.L.C. ......................... 16,577 16,577,000 2,790,742 Nil
Union Carbide Retirement Account(5)......... 2,415 2,415,000 406,566 Nil
United Food and Commercial Workers Local
1262 and Employers Pension Fund(5)........ 1,085 1,085,000 182,660 Nil
US Allianz Growth & Income Fund............. 22 22,000 3,704 28,390
Value Line Convertible Fund Inc. ........... 250 250,000 42,088 Nil
Value Realization Fund, L.P. ............... 1,870 1,870,000 314,815 Nil
Van Kampen Equity Income Fund............... 13,633 13,633,000 2,295,119 3,715,600
Van Kampen Growth & Income Fund............. 5,935 5,935,000 999,159 3,925,100
Van Kampen Harbor Fund...................... 4,000 4,000,000 673,401 28,390
Van Kampen Life Investment Trust Growth &
Income Portfolio.......................... 410 410,000 69,024 347,800
Variable Insurance Products Fund II:
Contrafund Portfolio(6)................... 14,500 14,500,000 2,441,078 911,600
Variable Insurance Products Fund III:
Balanced Portfolio(6)..................... 100 100,000 16,836 Nil
Variable Insurance Products Fund: Contrafund
Portfolio(6).............................. 7,400 7,400,000 1,245,792 Nil
Variable Insurance Products Fund: Equity
Income Portfolio(6)....................... 5,660 5,660,000 952,863 Nil
Variable Insurance Products Fund: Value
Portfolio(6).............................. 25 25,000 4,209 Nil
Victory Convertible Fund.................... 790 790,000 132,997 Nil
Vopac USA Inc., Retirement Plan (f.k.a. Van
Waters & Rogers, Inc. Retirement
Plan)(5).................................. 560 560,000 94,277 Nil
White River Securities L.L.C. .............. 10,000 10,000,000 1,683,502 Nil
Whitebox Convertible Arbitrage Partners
L.P. ..................................... 7,000 7,000,000 1,178,452 Nil
Wilmington Trust Company as owner and
trustee for Forrestal Funding Master
Trust..................................... 62,925 62,952,000 10,593,437 Nil
Yield Strategies Fund I, L.P. .............. 3,350 3,350,000 563,974 Nil
Yield Strategies Fund II, L.P. ............. 3,350 3,350,000 563,974 Nil
Zazove Convertible Securities............... 520 520,000 87,543 Nil
Zazove Hedged Convertible Fund L.P. ........ 1,350 1,350,000 227,273 Nil
Zazove Income Fund L.P. .................... 1,350 1,350,000 227,273 Nil
Zeneca Holdings Trust....................... 255 255 42,930 Nil

Zola Partners, L.P. ........................ 300 300,000 50,506 Nil
Zurich Institutional Benchmarks Master Fund
LTD c/o TQA Investors, LLC................ 640 640,000 107,745 Nil
Zurich Institutional Benchmarks Master Fund
Ltd. ..................................... 1,050 1,050,000 176,768 Nil
Zurich Master Hedge Fund.................... 200 200,000 33,671 Nil

---------------

(1) Information about other selling securityholders may be provided in
prospectus supplements or post-effective amendments.

(2) In each case, none of these securities were held prior to this offering.

(3) Based on the principal amount of convertible subordinated debentures
originally issuable in exchange for the preferred stock, calculated by
reference to the initial liquidation preference of the preferred stock of
$1,000.00 per share. The principal amount is subject to increase as a result
of increases in the liquidation preference of the preferred stock to reflect
the accretion of unpaid dividends. See "Description of Preferred
Stock -- Exchange Right" in the accompanying prospectus.

(4) Based on the shares of common stock originally issuable upon exercise of the
conversion privilege attached to the preferred stock or the convertible
subordinated debentures with fractions rounded up to the nearest whole
share. The number of shares of common stock so issuable is subject to
increase as a result of antidilution adjustments and, in the case of
conversion of the preferred stock, increases in the liquidation preference
of the preferred stock to reflect the accretion of unpaid dividends. No
fractional shares of common stock will be issued upon conversion of the
preferred stock. Instead of issuing fractional shares, we will deliver scrip
that will entitle the holder to receive a full share upon surrender of such
scrip aggregating a full share. See "Description of Preferred
Stock -- Conversion Rights" and Description of the Convertible Subordinated
Debentures -- Conversion," in the accompanying prospectus.

(5) The selling securityholder has advised us as follows: CALAMOS Asset
Management, Inc. acts as investment manager with respect to the selling
securityholder and as such has shared voting and investment power with
respect to the securities owned by the selling securityholder.

(6) The selling securityholder has advised us as follows: That it is either an
investment company or a portfolio of an investment company registered under
Section 8 of the Investment Company Act of 1940, as amended, or a private
investment account advised by Fidelity Management & Research Company, which
we refer to as FMR Co. FMR Co. is a Massachusetts corporation and an
investment advisor registered under Section 203 of the Investment Advisers
Act of 1940, as amended, and provides investment advisory services to the
selling securityholder, and to other registered investment companies and to
certain other funds which are generally offered to a limited group of
investors. FMR Co. is a wholly owned subsidiary of FMR Corp., a
Massachusetts corporation.

(7) Securities indicated as owned by this selling securityholder represent in
aggregate less than 1% of the securities offered and are owned directly by
private investment accounts, primarily employee benefit plans for which this
selling securityholder serves as trustee or managing agent. This selling
securityholder is a wholly owned subsidiary of FMR Corp. and a bank as
defined in Section 3(a)(6) of the Exchange Act.

Unless otherwise disclosed in the footnotes to the table above, no selling
securityholder has, or within the past three years has had, any position, office
or other material relationship with us or any or our predecessors or affiliates.

Our common stock trades on the New York Stock Exchange under the symbol
"LU". On August 27, 2002, the closing sale price of our common stock was $1.89
per share.

INVESTING IN OUR PREFERRED STOCK, CONVERTIBLE SUBORDINATED DEBENTURES OR
OUR COMMON STOCK INVOLVES RISKS. "RISK FACTORS" BEGINS ON PAGE 9 OF THE
ACCOMPANYING PROSPECTUS.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS WHICH
ACCOMPANIES THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

The date of this prospectus supplement August 28, 2002