Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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 *
  MCINERNEY THOMAS
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2005
3. Issuer Name and Ticker or Trading Symbol
IAC/INTERACTIVECORP [IACI]
(Last)
(First)
(Middle)
C/O IAC/INTERACTIVECORP, 152 WEST 57TH STREET, 42ND FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & CFO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10019
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 12,193 (1)
D
 
Common Stock 467
I
Co-Executor & Co-Beneficiary of Estate

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (2) 06/23/2000(3) 06/23/2009 Common Stock 140,734 $ 24.33 D  
Stock Option (Right to Buy) (2) 12/27/2000(4) 12/27/2009 Common Stock 121,550 $ 42.11 D  
Stock Option (Right to Buy) (2) 03/31/2001(5) 03/31/2010 Common Stock 70,125 $ 26.8 D  
Stock Option (Right to Buy) 05/10/2001(6) 05/10/2010 Common Stock 15,000 $ 21.69 D  
Stock Option (Right to Buy) (2) 02/21/2005(7) 02/21/2011 Common Stock 23,376 $ 10.29 D  
Stock Option (Right to Buy) (2) 12/31/2001(8) 05/15/2001 Common Stock 28,050 $ 15.5 D  
Stock Option (Right to Buy) 12/16/2002(9) 12/16/2011 Common Stock 70,000 $ 23.82 D  
Stock Option (Right to Buy) (2) 03/19/2006(10) 03/19/2012 Common Stock 3,352 $ 29.83 D  
Stock Option (Right to Buy) 03/19/2005(11) 03/19/2012 Common Stock 10,673 $ 29.83 D  
Stock Option (Right to Buy) (2) 03/19/2003(12) 03/19/2012 Common Stock 32,725 $ 29.83 D  
Restricted Stock Units (13) 01/17/2006(13) 01/17/2006(13) Common Stock 50,000 $ 0 D  
Restricted Stock Units (14) 02/04/2005(14) 02/04/2009(14) Common Stock 55,682 $ 0 D  
Restricted Stock Units (15) 02/04/2009(15) 02/04/2009(15) Common Stock 65,509 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCINERNEY THOMAS
C/O IAC/INTERACTIVECORP
152 WEST 57TH STREET, 42ND FLOOR
NEW YORK, NY 10019
      EVP & CFO  

Signatures

Thomas McInerney 01/10/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Includes 7,393 shares of IAC Common Stock acquired by the reporting person pursuant to the Company's Bonus Stock Purchase Plan in February 2004.
(2) Received in the merger among the Company, Ticketmaster and T Merger Corp., which was completed on January 17, 2003 (the "Merger"), in exchange for options to purchase common stock of Ticketmaster (the "Ticketmaster Options"). The vesting of unvested Ticketmaster Options was not accelerated as a result of the Merger and IAC/InterActiveCorp options received in exchange for Ticketmaster Options have substantially the same terms and conditions (including vesting) as were applicable in the case of the related Ticketmaster Options.
(3) Vested in four equal installments on the first, second, third and fourth anniversaries of the grant date (June 23, 1999).
(4) Vested in four equal installments on the first, second, third and fourth anniversaries of the grant date (December 27, 1999).
(5) Vested in four equal installments on the first, second, third and fourth anniversaries of the grant date (March 31, 2000).
(6) Represents stock options granted pursuant to the Company's 1997 Stock & Annual Incentive Plan, which vested in four equal installments on the first, second, third and fourth anniversaries of the grant date (May 10, 2000).
(7) Vests on the fourth anniversary of the grant date (February 21, 2001).
(8) 25% vested on December 31, 2001 and the remainder vested in equal installments every six months thereafter.
(9) Represents stock options received pursuant to the Company's 2000 Stock & Annual Incentive Plan, which vest in four equal installments on the first, second, third and fourth anniversaries of the grant date (December 16, 2001).
(10) Vests on the fourth anniversary of the grant date (March 19, 2002).
(11) 33% vests on the first, second and third anniversaries of the grant date (March 19, 2002) and the remainder vests on the fourth anniversary of the grant date.
(12) Vests in four equal installments on the first, second, third and fourth anniversaries of the grant date (March 19, 2002).
(13) Represents restricted stock units granted pursuant to the Company's 2000 Stock & Annual Incentive Plan, which vest in one lump sum installment on the third anniversary of the grant date (January 17, 2003).
(14) Represents restricted stock units granted pursuant to the Company's 2000 Stock & Annual Incentive Plan, which vest in equal installments over five years on the anniversary of the grant date (February 4, 2004).
(15) Represents restricted stock units granted pursuant to the Company's 2000 Stock & Annual Incentive Plan, which vest in one lump sum installment on the fifth anniversary of the grant date (February 4, 2004).

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