1 Filed Pursuant to Rule 424(b)(3) Registration no. 333-64746 PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED JULY 30, 2001) LIBERTY MEDIA CORPORATION 3-1/2% SENIOR EXCHANGEABLE DEBENTURES DUE 2031 The persons named in the tables below are "selling security holders," as that term is used in the prospectus, dated July 30, 2001, which covers the sale from time to time by the selling security holders named therein and in any prospectus supplement of $600,000,000 original principal amount of Liberty Media Corporation's 3-1/2% Senior Exchangeable Debentures due 2031. The selling security holders named in Table 1 below were not listed in the prospectus. The selling security holders named in Table 2 below were listed in the prospectus, however, they acquired additional principal amounts of debentures pursuant to Rule 144A following such listing. The following tables set forth, as of July 30, 2001, the principal amount of debentures that may be sold by the referenced selling security holders pursuant to the prospectus, as supplemented hereby. Because selling security holders may sell all or some of their debentures from time to time under the prospectus, as supplemented, no estimate can be given at this time as to the principal amount of debentures that will be held by any selling security holder following any particular sale of debentures by it. -------------------------------------------------------------------------------- TABLE 1 -------------------------------------------------------------------------------- PRINCIPAL AMOUNT OF PERCENTAGE OF NAME DEBENTURES THAT MAY BE OUTSTANDING SOLD ($) DEBENTURES -------------------------------------------------------------------------------- Acacia Life Insurance Company 300,000 * -------------------------------------------------------------------------------- Banc of America Securities LLC 4,350,000 * -------------------------------------------------------------------------------- BN Convertible Securities Top Fund 120,000 * -------------------------------------------------------------------------------- Northern Income Equity Fund 1,000,000 * -------------------------------------------------------------------------------- Prisma Foundation 105,000 * -------------------------------------------------------------------------------- Southdown Pension Plan 250,000 * -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- TABLE 2 -------------------------------------------------------------------------------- PRINCIPAL AMOUNT OF PERCENTAGE OF NAME DEBENTURES THAT MAY BE OUTSTANDING SOLD ($) DEBENTURES -------------------------------------------------------------------------------- Delta Pilots Disability and Survivorship Trust 850,000 * -------------------------------------------------------------------------------- Greek Catholic Union 60,000 * -------------------------------------------------------------------------------- Greek Catholic Union II 40,000 * -------------------------------------------------------------------------------- Paloma Securities LLC 20,000,000 3.3% -------------------------------------------------------------------------------- --------------------------- 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. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. --------------------------- The date of this Prospectus Supplement is August 31, 2001.