ICAHN DROPS BID FOR TWA &lt;TWA>
  Trans World Airlines Inc said chairman
  Carl C. Icahn has withdrawn his proposal to acquire the TWA
  shares he does not already own due to the deterioration in
  market conditions.
      Under the proposal Icahn would have paid for each TWA share
  20 dlrs in cash and 25 dlrs face amount of 12 pct subordinated
  debentures due 2007.
      TWA said Icahn reserves the right to make a subsequent
  proposal at some future date on the same terms or different
  terms.
  

